DACH
Capnamic promotes Knott to partner, hires two
Knott will be responsible for deal sourcing and execution, as well as portfolio management
Nordic Capital acquires dental group
New group includes three dentist chains and a dental technology laboratory operator
Private debt funds expand market share in Germany
Growing use of use of first-out, second-out unitranche leads to private debt funds more than doubling their share of German mid-market deals
Cerberus, JC Flowers to acquire HSH Nordbank
German daily reports that an informal agreement has been in place for several weeks
Egeria's Clondalkin Group sells Cats-Haensel and Nimax to trade
Austrian packaging manufacturer Schur Flexibles buys the confectionery and tea packaging businesses
Oaktree-backed NL Holding buys ProCrea, Archimed, Imer
GP-backed German reproductive medicine group NL Holding bolts-on three European competitors
Speedinvest in $14.5m series-B for Payworks
Corporate venturing arms of Commerzbank (CommerzVentures) and Visa led the round
European PE in 2017: Scaling new heights
Buyout activity and fundraising reached a new peak in 2017, with mega-buyouts and small-cap deals fueling dealflow and French funds popular among LPs
Golding to launch new FoF in H2
Golding announces new fund after a record year of fundraising across all strategies
Frog Capital leads €3m series-D for Sofatutor
Acton Capital Partners, JCMB Beteiligungs and IBB Beteiligungsgesellschaft also take part
Ergon backs merger of SVT and Rolf Kuhn
Combined group will generate a turnover of €150m and employ 600 people in 60 countries
Bridgepoint acquires US-based Safety Technology Holdings
Industrial sensors and safety equipment group consists of two US companies and two European firms
Gilde Healthcare-backed Rad-x buys SMII
Gilde Healthcare began its buy-and-build strategy in this sector in January 2017
One Peak leads $22m funding round for Spryker
Existing investors, including Berlin-based Project A Ventures, also take part in the round
German tax act gives LPs exemption rate of 80%
New rules apply to German and international funds treated as corporate taxpayers
Q4 Barometer: Deal volume and aggregate value slide
Despite a boom in both dealflow and aggregate value across 2017 as a whole, the final quarter of the year saw a slowdown in activity
DPE sells Elatec to Summit
DPE acquired its stake in Elatec in January 2016, drawing equity from the €575m fund DPE III
EQT sells CBR Fashion Group to Alteri
Deal ends a holding period of almost 11 years for EQT, after SBO from Apax and Cinven
CalSTRS looks to widen co-investment and direct investing
US LP, worth $224.8bn, is consulting on setting up direct investment capabilities
Navigator buys ENA Guss Albbruck
ENA filed for insolvency in October 2017 and generates revenues of approximately €10m
Quantum holds final close on €77.5m hard-cap
New vehicle will employ the same strategy as the last, investing in complex carve outs
EQT-backed Piab acquires Feba Automation
Deal marks the second bolt-on in three months after Piab acquired SAS Automation in 2017
Inception leads €2.2m seed round for Penta
Fresh capital will be used to hire more staff to support the company's growing customer base
Unigestion's Euro Choice Secondary II hits €300m hard-cap
Fund attracts commitments from 59 LPs to hold a final close 20 months after its announcement