DACH
Industry Ventures Secondary IX closes on $850m
Fund focuses on investments in direct secondaries, LP interests, direct portfolios and tail-end funds
VCs in $290m round for grocery delivery platform Gorillas
Grocery delivery startup claims to reach customers in 10 minutes and is reportedly valued at $1bn
Capital Dynamics Global Secondaries V closes on $786m
Fund invests in a diversified portfolio of global secondaries interests in mid-market private equity funds
Aldea Ventures holds €60m first closing
Fund follows a hybrid strategy, investing both in small VC vehicles and technology startups
European fund launches off to slow start in 2021
Number of PE funds launched by European managers in Q1 this year is significantly down on the volume recorded for the same period in 2020
Silverfleet acquires EC4U Expert Consulting, Bulpros
Silverfleet is merging the two IT consultancies and will own a majority stake in the new entity
Callista Private Equity acquires Pleiger Thermoplast
Carve-out will see the thermoplastics parts and products producer rebranded as Globus Thermopast
Lexington Co-Investment Partners V closes on $3.2bn
Fund focuses on co-investments alongside private equity sponsors, primarily in US and European companies
Riverside Europe VI closes on €465m
REF VI invests in European companies with high-growth potential, generating EBITDA of тЌ5-30m
UVC Partners set for Q2 2021 final close for third fund
UnternehmerTUM Fonds III is targeting €150m and held a first close in October 2020 on €108m
The Deals Pipeline
A highlight of deal processes underway and involving PE, either on the buy- or sell-side, across Europe
Capza Growth Tech Fund eyes €250-300m target
Fund invests in tech companies across continental Europe, with the aim of boosting their expansion
Target Global heads for Growth II final close
Fund will make series-B and -C investments; it has a target of тЌ400m and a hard-cap of тЌ600m
Gyrus Principal Fund to close in Q2 2021
Fund focuses on healthcare, technology and sustainability, and expects to close on its €400m hard-cap
Commonfund Venture Partners XIII closes on $625m
CVP XIII plans to deploy the majority of its capital in established early-stage global venture capital funds
Capiton heads for summer final close for sixth fund
Capiton VI has a €550m target; Capiton V held a final close in January 2015 on €440m
Main Capital acquires Foconis
GP plans to support add-ons for the financial services software platform as part of its growth
Earlybird heads for Growth Opportunities final close
European VC investor is also fundraising for its latest Digital West and Health funds
Emeram, Gimv acquire Sofatutor; VC backers exit
Previous investors in the online learning platform include Acton Capital, Frog Capital and IBB
VCs in $170m round for trading platform Bitpanda
According to Unquote Data, the round is the largest ever recorded for an Austrian company
Triton Smaller Mid-Cap Fund II closes on €815m
Fund will follow the same sector and value-creation strategy as TSM I, albeit with larger equity tickets
DACH Fundraising Pipeline - Q1 2021
Unquote compiles a roundup of the most notable fundraises ongoing across the DACH market, including Capiton, Afinum, Gyrus, Cipio, and more
DBAG's FLS merges with Impactit, Städtler Logistik
All three route-planning and logistics software companies will now operate as Solvares Group
Capiton buys majority stake in Wundex
Wound care product supplier was a portfolio company of BE Beteiligungen prior to the sale to Capiton