DACH
Beyond Black holds first close for Pledge Fund I
Following the тЌ20m first close, the Berlin-based VC aims to launch a larger cleantech-focused fund
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Ergon forms SPV for fire protection business SVT
GP's €270m fund will invest only in the fire protection company, which Ergon bought from IK in 2017
No need to panic about high dry powder as PE market comes roaring back, says Bain
Appetite remains high for deal-making and exits, according to Bain & Companyтs 2021 Global Private Equity Report
L Catterton acquires Birkenstock
German footwear company is reportedly valued at around €4bn and drew interest from several PE buyers
ND Group leads financing round for EGo Mobile
ND Group acquired the electric vehicle producer in August 2020 after its self-administration process
HTGF, Neuhaus Partners sell stakes in Next Kraftwerke
Shell acquires the virtual power plants operator one month buying VC-backed Ubitricity
Ardian buys majority stake in GBA from Quadriga
Quadriga reinvests in the business and retains a minority stake, alongside the company's management team
VCs in CHF 15m round for Carvolution
Entrepreneur Franvisco Fernandez, the founder of banking platform Avaloq, leads the round
Pinova, eCapital sell stakes in BrandMaker to Rubicon
Rubicon Technology Partners aims to assist the marketing software with its international expansion
Arcaris buys Magro Verbindungselemente
Acquisition of the industrial procurement business is part of a succession solution
Eurocov buys KTN out of administration
Entrepreneur Philipp Mühlbauer's investment holding will buy KTN following an administration process
DBAG's Ding Gruppe bolts on Bergert Gruppe
Telecommunications service Ding Gruppe now has 1,000 employees and posts €200m in revenues
VCs exit Cluno to VC-backed Cazoo
Germany-based Cluno was backed by Acton Capital, Atlantic Labs and Valar Ventures
Creadev to invest in Share
Regulatory filing states that the firm is to acquire a co-ownership in the sustainable goods startup
Tikehau closes T2 Energy Transition Fund on €1.1bn
Fund targets European companies operating in the clean energy production, low-carbon transport and energy efficiency segments
Multiples Heatmap: average pricing hits 11x in busy Q4
Healthcare, financial services and TMT assets continue to drive valuations up, while Nordic and UK regions see highest multiples
Skylake Capital holds first close, makes first deal
Debut fund leads a $3m round in UK-based deep-learning startup Mindtrace
Novum Capital to sell CC Group to trade
Buyer is Waterland portfolio company Blue Phoenix; the sale ends Novum's three year holding period
The Deals Pipeline
A highlight of deal processes underway and involving PE, either on the buy- or sell-side, across Europe
Cipio Partners eyes March first close for eighth fund
Technology-focused investor's predecessor vehicle held a final close in July 2017 on €174m
Afinum back on road for ninth fund
Predecessor vehicle, which raised €410m in 2017, is now 86% deployed
HQ Capital registers HQ Capital IV GP
Luxembourg-domiciled legal structure will allow HQ Capital to launch its next funds in 2021 and 2022
SVP's Klöckner Pentaplast completes €1.9bn refinancing
Strategic Value Partners bought the recycled products and packaging company from Blackstone in 2012