DACH
Sponsors brave the storm amid drop in financial services M&A
GP buyouts in the financial services space reached a two-year high in H1 2022 as rising financing costs and a brewing recession cloud the sector's M&A outlook
DPE-backed building service provider Calvias files for insolvency
GP had placed the technical building service provider up for sale in late 2021, according to Mergermarket
COI Partners launches DACH growth fund with EUR 120m target
GP's first institutional fund will invest on a 50:50 basis alongside the sponsor's own deal-by-deal vehicles
Crédit Mutuel Equity boosts German deal hunt with new appointments
Crédit Mutuel Group-backed evergreen fund to plough “several hundred million euros” in DACH
Optimism prevails as PEs expect step-up in deal-making – research
Third Bridge's Joshua Maxey speaks to Unquote about the findings of the Mid-market PE Forecast: 2022
PE fundraising pipeline offers hope amidst slowdown in H1 2022
Final closes down by almost half so far this year, but a number of "mega-cap" vehicles in coming months could still bolster 2022 fundraising
Motive raises USD 2.54bn across Fund 2 and co-investment vehicles
GP's USD 1.8bn Fund 2 is 3.7x the size of its predecessor and expects to make 15-18 deals
Cinven holds EUR 1.5bn final close for financial services fund
GP's first sector-focused fund has made three deals, the first of which was insurance broker Miller
Mubadala leads equity raise in Wefox's USD 400m Series D
Berlin-based insurtech platform valued at USD 4.5bn in equity and debt round
Partners Group hires ZF's Scheider as head of private equity
Car parts maker CEO will join the Swiss GP’s headquarters in Baar-Zug in early 2023
Equistone weighs auction for United Initiators
Evercore is advising on upcoming sale of the Germany-based specialty chemicals supplier
Novum places MMC Studios in continuation fund
New vehicle will allow German GP to complete wind-down of Fund I; DWS Private Equity added as anchor investor
Corporates best placed for autumn IPO window as sponsors sit out
GPs expected to continue to ditch listings in the short term in favour of sale exits, longer holding periods
Levine Leichtman Capital inches closer to first German deal
Planned transaction follows US investor's opening of Frankfurt office in January
Unigestion holds EUR 900m final close for fifth secondaries fund
Fund is more than three times the size of its predecessor and is more than 50% committed
Deft deployment, creative exits drive PE agenda into H2 2022
Take-privates, bolt-on opportunities and demand for resilient healthcare and technology assets offer hope for challenging second half of the year
Levine Leichtman Capital appoints head of Europe
Promotion of Josh Kaufman comes as GP looks to grow its nascent German investment capabilities
Earlybird names three new Digital West partners
Andre Retterath and Paul Klemm are existing team members, while Vincenzo Narciso joins from Px3 Partners
Earlybird holds Growth Opportunity V first close
Later-stage fund has a EUR 300m target and will mainly back existing Earlybird investments
Acton Capital holds Fund VI first close, expands investment team
VC firm has hired Sophie Ahrens-Gruber in Munich and appointed Hannes Gruber as partner in Vancouver
Gyrus buys majority stake in Katalist Group
GP and Katalist's founders are planning bolt-ons for the food and pharma supply chain software firm
Unigestion gears up for Climate Impact Fund
GP in initial discussions with existing investors for first climate-focused fund
GP Profile: Ergon hones in on long-term trends, ESG agenda
The European mid-market sponsor is eyeing growing and resilient businesses with its EUR 800m Fund V
LGT Capital closes first dedicated impact fund on USD 550m
Crown Impact will make co-investments, as well as primary and secondary fund investments