DACH
Healthcare buyout value hits new high in first half
Trio of mega-buyouts push the aggregate value of deals to тЌ19.5bn in H1, versus тЌ11bn in H2 last year
Pandemic sinks dealflow in restaurants & bars to 10-year low
Activity in the sector has not yet returned to previous levels, with four buyouts totalling тЌ285m recorded to date in 2021
Cross Equity, Pinova sell Rademacher to trade
GPs acquired the Germany-based smart home systems business in 2014 from Nord Holding
ArchiMed buys Stragen Pharma
GP is investing via its €1bn Med Platform I, which backs healthcare firms with EVs of at least €100m
Argand, Genui-backed Cherry to float in €778m IPO
Computer hardware firm was valued at around €200m when Argand took a majority stake in 2020
Riverside-backed Bike24 to list in €662m IPO
Riverside acquired Bike24 in 2015, selling it to Bridgepoint's Wiggle-CRC and buying it back in 2019
High-Tech Gründerfonds to launch fourth seed fund
Fund expects to launch its official fundraising process in September 2021, subject to BaFin approval
Emeram sells Meona to Trill Impact
GP bought the clinical software platform in 2017, investing via its €400m debut fund
Healthcare valuations heat up as high-profile assets crystallise competition
Healthcare sector saw multiple valuations pick up in Q1 2021 and hit a record high of 13.7x
Golding Capital holds first close on €161m for co-investment fund
FoF manager expects to hold a final close for the co-investment vehicle at the end of 2021
Unquote Private Equity Podcast: Fundraising full steam ahead
With record amounts of capital raised in 2020 and a roaring start to 2021, it seems not even a pandemic could slow the momentum of PE fundraising
Hannover Finanz buys majority stake in Dental Direkt
GP has acquired a 64% stake in the dental laboratory supplier as part of a succession solution
Carlyle invests in logistics automation company Agilox
GP is investing in the Austria-based logistics automation startup via its €1.35bn CETP IV fund
PE deal-making surge of 2021 could break one more record
Recent trends in the mega-deal segment indicate that the Alliance Boots buyout of 2007 is a record that is close to being broken
Paragon acquires KME's Specials business
Paragon Partners will own a 55% in the newly formed entity following the carve-out
VC fundraising enjoys strong 2020 vintage, sunny prospects
With record amounts of capital raised for the strategy, venture capital fundraising does not appear to have been slowed by the pandemic
HIG prepares Conet for H2 2021 auction pipeline
Sponsor appoints GCA Altium to advise on the sale of the €25m-EBITDA business
LGT closes fifth secondaries fund on $4.5bn hard-cap
GP had a target of raising $3.75-3.80bn for the fund, and is larger than its $2.8bn predecessor
Oakley hires new partner, makes raft of promotions
GP makes six promotions within its investment team, and hires Valero Domingo as partner
The Deals Pipeline
A highlight of deal processes underway and involving PE, either on the buy- or sell-side, across Europe
Heubach, SK Capital Partners carve out Clariant Pigments
Carve-out values the company at up to CHF 855m with a CHF 50m earn-out component
Borromin invests in Little John Bikes
Borromin Capital has acquired a stake in Germany-based bike and e-bike retailer Little John Bikes.
DN Capital's Global Venture Capital V surpasses €200m
GVC V targets seed and series-A investments in the software, fintech and online marketplace sectors
Balderton holds final close for $680m debut growth fund
GP's previous vehicles have targeted earlier-stage primary and secondary venture deals