DACH
The Bolt-Ons Digest - 26 May 2023
Unquote’s selection of the latest add-ons with H&F's TeamSystem, Nordic Capital's Regnology, 3'i's Dutch Bakery and more
Verdane bolsters German presence with partner hire and new Munich office
Former EMH partner Dominik Schwarz joins growth investor’s second German office
Moonfire Ventures raises USD 115m to back early-stage startups in Europe
AI-powered VC firm has raised USD 90m for Fund II and USD 25m for its Opportunity Fund to double down on winners
Q1 Barometer: Signs of a brighter future after dark times for European PE
The latest Unquote Private Equity Barometer, produced in association with abrdn, is now available to download
LP Profile: Lennertz & Co gears up for new tech impact venture fund-of-funds
German family office’s new strategy is set to launch this year with a EUR 50m-EUR 100m target
Bregal Milestone closes second tech fund on EUR 770m
European technology investor has around 60% dry powder remaining to deploy in its latest fund
European VCs need to match actions to words by increasing funding to female-led companies
Women-led startups usually receive less than 2% of VC capital, but more diverse, defensible female-founded businesses emerging
Oakley Capital transfers IU Group to continuation fund
Secondaries investors including HarbourVest and TPG have backed the GP-led deal for the Germany-based private university
Unquote Private Equity Podcast: Taking the plunge - GPs dive into alternative pools of capital
The Unquote team is joined by Thomas Eskebæk, CEO of private markets platform Titanbay, to discuss private markets’ search for alternative sources of commitments
CEIP eyes industrials and services targets with EUR 70m vehicle, aims for year-end fund close
Czech Republic-headquartered GP is open to co-investments from LPs and fellow sponsors; one further deal expected this year
Maguar marks first exit with HRworks move to continuation fund
EUR 235m in total equity has been raised to further grow the company via organic strategies and bolt-ons
Heran Partners nears full deployment of debut fund, mulls next fundraise
Health tech-focused VC is seeking three further software and hardware deals from EUR 75m debut vehicle
GP Profile: Ardian Expansion doubles down on generalist approach, eyes EUR 3bn Q2 fundraise launch
With its current EUR 1.5bn fifth fund almost at full deployment, Ardian’s Expansion strategy expects to benefit from LP appetite for its strategy ahead of EUR 3bn fundraise
Triton raises EUR 1.63bn for multi-asset continuation fund
Backed by HarbourVest and LGT, TIV CF will hold four Fund VI assets Assemblin, EQOS, Flokk and Unica
HV Capital doubles down on DACH investments with new EUR 710m early-stage and growth fund
Fund IX is the German VC and growth firm’s largest fundraise to date and will be split into two separate vehicles for venture and growth
InvestIndustrial closes third lower mid-market fund on EUR 1.1bn
Strategy will target businesses in Italy, Spain, Portugal and Switzerland with internationalisation potential
Carbon Equity open to commitments for new impact fund with EUR 125m hard-cap
Netherlands-based fund-of-funds manager will broaden its strategy to incorporate co-investments for its second fund
Ardian's d&b audiotechnik to hit market in 2023 as large-cap sponsors circle
GP acquired the audio equipment maker in 2016 from Cobepa and Odewald & Compagnie for around EUR 300m
CVC Credit targets EUR 7bn for new European direct lending fund
Fresh fundraise follows the EUR 6.3bn final close for the strategy's predecessor vehicle in December 2022
Women in VC: MMV’s Brunet on tech opportunities and navigating volatile markets
Alix Brunet speaks to Unquote about the VC firm’s deal pipeline and how it is engaging with portfolio companies and new founders
EQT weighs options for infection prevention firm Schuelke
Sponsor assesses quick flip for German company, acquired via EQT VIII in 2020
Newly launched Utopia Capital aims to deploy EUR 10m-plus by 2028
Angel investor Christian Schroeder's new investment vehicle will support early-stage tech companies addressing humanitarian issues
VC Profile: HTGF optimistic on seed stage opportunities as exit environment toughens
German seed investor secured almost EUR 500m for its fourth and biggest fund to date at a time when VC funding is slowing down
GP Profile: Opera Investment Partners doubles fund size with EUR 200m target for next vehicle
Fund I ‘almost fully committed’ with one exit completed and two-three more realisations expected in the next 18 months