DACH
GSK spinout SR One closes $500m debut fund
Biotechnology-focused vehicle will invest in Europe and the US, with GSK as cornerstone investor
Multiples Heatmap: average entry multiple hits 10.5x as dealflow recovers
The UK and Ireland was the hottest region for multiples in Q3, also seeing the largest increase in valuations of any region
Equistone sells Eschenbach to trade
UK-based Inspecs Group is to pay €94.85m for the eyewear business, according to a statement
Viking, General Atlantic lead $80m round for Pharvaris
Foresite, Bain Life Sciences, VenBio Partners and Venroc also back the biotechnology company
Hg acquires Septeo Group
Deal sees Hg investing via Genesis 9 and reportedly values the legal tech business at more than €1bn
Covid-19, oversubscribed funds fuel interest in early secondaries
Early secondaries are tipped to become more plentiful in the coming months, but market observers urge caution to mitigate potential pitfalls
VCs in $20m series-C extension for Tourlane
Tourism booking platform is backed by investors including Sequoia Capital and Spark Capital
M Ventures, Imec Xpand lead $20m round for Ferroelectric Memory
SK Hynix, Robert Bosch Venture Capital, TEL Venture Capital and eCapital also backed the round
Inven Capital leads $50m round for Forto
Also participating in the round for the freight software platform were VCs including Iris Capital
Quadriga's Scio bolts on MFI
Industrial automation group Scio has made a series of four add-ons in 2020
Palamon-backed FairConnect buys DriveQuant
Palamon bought a majority stake in the connected insurance service provider in a €100m deal in 2018
Auctus buys majority stake in nursing home chain Mirabelle
GP founds Mirabelle Holding alongside Mirabelle Care, Thomas Zethin and Sander van Adelberg
Gro Capital invests in iPoint Systems
Investment in the product compliance software platform is the GP's first in the German market
The Deals Pipeline
A highlight of deal processes underway and involving PE, either on the buy- or sell-side, across Europe
EQT buys majority stake in Thinkproject from TA
TA Associates bought the construction software company in 2016 and has reinvested as part of the SBO
Kurma, Sunstone lead CHF 20m round for Synendos Therapeutics
Investors including HTGF also backed the central nervous system disorder therapy developer
Marlin Equity Partners to acquire majority stake in Coyo
Competition authority filing states that the GP is to invest via its Heritage Europe II fund
Capiton promotes two to partner
Alexander Zamora and Fritjof Franz have led transactions for Capiton in the healthcare sector
BWK buys minority stake in Qlocktwo
Managing director of the clock and watch producer, Jens Adamik, also takes a minority stake
Capiton's Euro Vital Pharma buys Principle Healthcare
Capiton acquired the health products manufacturer in 2018; the company continues to seek bolt-ons
Speedinvest holds first close for Speedinvest x Fund 2
VC also announced the appointment of Tier Mobilty co-founder Julian Blessin as partner
Vesalius Biocapital leads €50m round for CatalYm
VCs including Forbion, BioGeneration Ventures and Coparion also back the immunotherapy developer
Ufenau to acquire Mac IT-Solutions
Ufenau intends to build an e-commerce software platform via a buy-and-build strategy
Auctus buys Landbäckerei Sommer from SIP
SIP acquired the bakery chain in 2011 and has made returns of more than 20x its total investment