DACH
Capiton sells Trioptics to trade
Exit to Jeniotik follows a five-year investment period and is the second exit from Capiton IV
Callista Private Equity buys two Mikron subsidiaries
Carve-out acquisition marks the Munich-based special situations investor's third deal of 2020
Acton sells stake in Momox to Verdane
Verdane will own an 85% stake in the Germany-based e-commerce company via its 10th fund
M&A wave incoming in 2021, says Edmond de Rothschild CIO
Investment bank's H2 2020 outlook also emphasises continuing macroeconomic uncertainty, and singles out healthcare and data assets as winners
VCs exit Inventorum to Shore
HTGF and Vogel Ventures have previously backed cash management software Inventorum
DBAG's Vitronet bolts on CR Clemens Reuschenbach
Deal marks the fifth add-on for the broadband network construction company since 2017
Most German PE firms say 75% of portfolio unimpaired by Covid-19 – survey
Survey was conducted in June 2020 by Finance Magazine on behalf of Deutsche Beteiligungs AG
Brockhaus Capital Management plans flotation
Proceeds of the envisaged offering should support the technology-focused GP's acquisition pipeline
HV Holtzbrinck leads €60m round for SolarisBank
Existing investors including Lakestar, Yabeo and ABN Amro Ventures also back the banking platform
Lincoln hires three in DACH healthcare team
Dirk Loeffler, Julian Knirim and Jens Gerlach all join Lincoln from Raymond James
Mutares-backed Plati bolts on Nexans Metallurgie
Add-on acquisition comes via a carve-out from cable producer Nexans
BayernKapital closes second Bavarian Growth Fund
Fund is backed solely by LfA Förderbank Bayern and will invest in Bavarian tech companies
Unigestion announces closes for Secondary V and Direct II
Secondary V has held a first close on €228m, while Direct II held a third close on €375m
Donau Invest backs Curasan restructuring
Pharmaceutical company will be delisted and acquired by Donau Invest, subject to creditor agreement
Silver Investment Partners-backed Alvara bolts on IT Kompetenz
GP also supported the bolt-on of cash management software company Zeiser Group in May 2019
EMH promotes Schwarz as partner
Dominik Schwarz joined EMH in 2018 and has prior experience at Chequers Capital and Barclays Capital
The Deals Pipeline
A fortnightly highlight of deal processes underway and involving PE, either on the buy- or sell-side, across Europe
Mutares buys Sabo Maschinenfabrik from John Deere
Lawnmower and outdoor power tools producer is Mutares' third platform investment in 2020
BayBG to acquire 20% stake in SAV
Bavaria-based GP aims to back the clamping technology company's development with a growth investment
DUBAG sells Scheven to trade
GP acquired the civil engineering and pipeline company in 2017 from its parent company Bilfinger
BNP Paribas Euro SME Debt Fund II holds €576.5m final close
Investment period for the GP's тЌ500m predecessor debt vehicle ended earlier in 2020
Baudon to remain Invest Europe chair, EBRD's Fossemalle named chair-elect
Fossemalle has been the director in charge of equity funds at the EBRD since 2009
Connect Ventures closes $80m seed fund
Fund deploys capital in companies operating across all B2B and consumer software segments
Longitude Capital leads $40m round for Polares Medical
Existing investors Decheng, Endeavour Vision, IDO, Earlybird and Wellington also take part