DACH
SHS appoints Jacqui as senior adviser
Heinz Jacqui has a medical technology background and will assist with SHS's investments in this area
Buy-and-building through the storm
Bolt-ons remain one way of deploying capital and building value, but a tough financing market and pricing mismatches make for a challenging landscape
Ardian appoints Erdland as senior adviser
Alexander Erdland has previously held roles including president of the German Insurance Association
VR Equitypartner increases stake in GMS Development
GP invested in the CRM software company in September 2015 and is now to acquire a majority stake
3i-backed Evernex bolts on Vitruvian's Technogroup
3i deploys €47m in capital, while Vitruvian rolls over a significant investment in the combined group
DEWB sells MueTec to trade
China-based Suzhou TZTek Technology is to acquire the company for €25m, according to a statement
Optum Vetures et al. back $26m series-B for Kaia Health
Idinvest and Capital300 also back the digital therapy platform, along with existing investors
BlackRock and ApoBank launch healthcare fund
BlackRock-managed fund aims to give ApoBank's institutional clients access to healthcare investments
HQ Capital closes Auda VIII on $750m
GP's latest fund-of-funds vehicle is its largest yet and is double the size of Auda VII
Aduram's Poggenpohl sold to trade
Deal has been approved by the company's creditors committee and is expected to close by the end of June
Providence in single-asset restructuring for HSE24
GP bought a majority stake in the shopping channel operator from Ardian in 2012 via its sixth fund
Schroder Adveq hires Unigestion's van der Kam to head secondaries
Van der Kam was co-head of secondaries at Unigestion and helped build the firm's secondaries platform
European fund closes slump by 42% amid lockdown
Unquote recorded 44 first or final closes of European PE funds between March and May, a 42% drop on the three-month average seen across 2019
Fly Ventures holds final close for second fund on €53m
Berlin-based VC will continue its focus on seed investments in enterprise software and "deeptech"
KKR's Heidelpay invests in Tillhub
Investment is the contactless payment company's first since it was acquired by KKR in 2019
VCs exit Caroobi to Deutsches Werkstattnetz
Online car repair platform's previous investors included Cherry Ventures, DN Capital and Target Global
Meta Change Capital launches €100m fund
Fund is dedicated to investments in blockchain companies across Europe, Asia, the Middle East and Africa
Ardian-backed Gantner buys Contidata
Deal expands the contactless payment company's product portfolio to the catering sector
83North leads $30m series-B for Wandelbots
Existing investors Paua Ventures, EQT Ventures and Atlantic Labs also back the robotics company
Compass Partners' Rodenstock completes €75m capital increase
Compass had put the opthalmology business up for sale earlier in 2020, but delayed the process
German government to buy stake in Dievini Hopp's Curevac
State-backed KfW joins Dievini Hopp in the messenger RNA drug developer's shareholder base
Vast majority of LPs satisfied with GP transparency – survey
Coller Capital's PE Barometer also reported LP concerns about forward-looking EBITDA add-backs
LEA Partners sells Bellin to trade
Sale to Nasdaq-listed Coupa marks the first exit from the GP's LEA Mittelstandspartner Fund
Secondaries players weigh up risk and rewards of "ring-fencing" deals
GP-led transactions isolating assets hardest hit by the Covid-19 crisis could appeal to adventurous secondaries players, but challenges abound