DACH
PE players await DACH carve-outs uptick
With corporates under pressure due to the coronavirus pandemic, opportunities are likely to open up for sponsors interested in carve-outs
Hg-backed Transporeon bolts on ControlPay
Hg acquired the Germany-based logistics software developer in 2019 in an SBO from TPG
KKR's Hensoldt sets IPO share price at €12-16
KKR acquired the sensor producer in 2016 and the IPO is set to value the company at up to €2.61bn
Main Capital buys majority stake in Mach
Public sector software company is the fifth from Main VI and the GP plans to seek add-ons for Mach
Imap appoints Hildebrand as partner
Ruta Hildebrand will join the M&A advisory firm's Munich team and will focus on healthcare deals
PAI appoints Heuwing as partner and head of DACH
Ralph Heuwing joins from his role as CFO of Knorr-Bremse and also has experience at Dürr and BCG
Lafayette acquires PPM Pure Metals' Osterwieck site
Parent company PPM had filed for insolvency in May 2020 following restructuring proceedings
Sagard NewGen holds first close for €300m first fund
Fund invests in majority and minority stakes of European companies with revenues of up to €150m
Inven Capial leads Zolar series-B expansion
Household solar energy systems provider has raised €15m to expand its €10m series-B round
Corsair-backed Zedra buys Fitzgerald & Law
Deal is the fund services provider's third add-on of 2020; it is seeking US and European add-ons
HIG European Capital Partners III sets target on €1bn
GP is also fundraising for HIG Europe Middle Market LBO Fund, which has a target of тЌ2bn
Crosslantic's Hakle to be bought by management – report
Crosslantic Capital invested in the business alongside managing director Volker Jung in 2019
Quadriga's Scio Automation bolts on Mojin Robotics
Add-on is the second announced by the industrial automation technology company in September 2020
IK hires Avedon's Bärenfänger
Julian Bärenfänger was previously a partner at Avedon Capital Partners and joins IK's small-cap team
Advent to commit CHF 415m in Dufry rights offering
If approved, the offering would see the GP acquire a minority stake in its former portfolio company
Nord Holding buys Oton, Ohrwerk, creates AudiOsono
GP plans to grow the hearing care buy-and-build platform to 150 sites in Germany via add-ons
DPE acquires Mehler Vario System
Investment in the bulletproof equipment producer comes shortly after the €1bn final close of DPE IV
Riverside-backed GermanPersonnel acquires Evint
Bolt-on is the second for the recruitment software company since Riverside's investment in 2018
Avedon's SLF acquires STI Bearings
Acquisition of the industrial ball bearings producer aims to grow SLF's client base
Bridgepoint Development Capital IV hits £1.5bn hard-cap
Fund exceeds its ТЃ1bn target after around eight months on the road, Unquote understands
Waterland's Netgo bolts on CSM MeinSystemhaus
IT service Netgo is pursuing a buy-and-build strategy and acquired Commehr and Workbees in July 2020
DPE Deutschland IV holds final close on €1bn
Fund will remain focused on Mittelstand buyouts and is the largest vehicle raised so far by the GP
DACH lender sentiment continues to improve – survey
Leverage has not changed significantly for resilient assets, which are still prioritised
Herter & Co hires Samii
Marco Samii joins the firm from IKB Deutsche Industriebank, where he was head of leveraged finance