DACH
Mutares sells Klann Packaging to Accursia Capital
Sale ends a nine-year holding period for Mutares and the GP is now focusing on larger investments
The Deals Pipeline
A fortnightly highlight of deal processes underway and involving PE, either on the buy- or sell-side, across Europe
Travel sector assets: Seeking solutions to long-lasting woes
Unquote explores the challenges ahead, how PE-backed companies are adapting their business models, and how they can bounce back
Mutares' Q1 2020 portfolio review: two exits and three acquisitions
Two of the acquisitions were platform investments and the GP expects to complete two more in Q2 2020
Triton's AVS Verkehrssicherung announces two add-ons
Deals mark the seventh and eighth add-ons for the road traffic safety business since 2017
Herkules Capital sells sportswear retailer Odlo
Sportswear retailer was acquired by the GP in 2010 and its sale follows a process initiated in 2018
E-Capital sells Rips Technologies to trade
Buyer is code quality management company SonarSourced, backed by Insight Venture Partners
Cathay Capital raises €500m for Innovation II fund
Fund targets startups operating in a wide variety of sectors, with a focus on artificial intelligence
Cathay Capital closes Midcap II on €800m
Fund targets companies based in Europe, Asia and North America with high-growth potential and expansion plans
Silver Investment Partners buys Lucien Ortscheit
GP plans to make add-ons for the pharmaceutical wholesaler, screening targets in Germany and abroad
KKR buys 5.2% stake in ProSieben
TV network is valued at less than half of its 2006 value when KKR and Permira first invested
Ardian buys majority stake in Swissbit
Investment comes from the GP's Expansion fund strategy and follows a competitive auction process
Deutsche Beteiligungs AG closes eighth fund; announces half-year results
Final close on €1.109bn comes after the fund's first close in December 2019 on €1bn
Acquisition prices for SMEs decline in Q1 2020 – research
Prices paid to acquire SMEs declined significantly to 9.3x EBITDA in the first quarter of 2020
Bain Capital-backed Fintyre sells two businesses
Fintyre filed for insolvency for many of its Germany-based subsidiaries in February 2020
Q1 Barometer: Year of sustained growth finally halted in Q1
The European private equity market cooled in Q1, even before the Covid-19 crisis took hold, after an especially active Q4 2019
Triton-backed Univativ buys majority stake in Opus One
GP invested in the Germany-based recruitment firm via its Smaller Mid-Cap Fund in June 2017
Capital Management Partners acquires Geti Wilba
Sale of the poultry and game specialist began in February 2020 via insolvency proceedings
Main Capital Partners raises €564m for sixth fund
Vehicle reached its €564m hard-cap, following a €535m first close in December
Weber family in asset deal for Ardian-backed Weber Automotive
Shareholder structure is unchanged and the automotive supplier's self administration continues
Mandarin backs cosmetic specialist Klapp
GP invests via Mandarin Capital III, which has a €250m target and has raised €175m so far
Ara Partners closes debut fund on $400m
Fund makes buyout and growth capital investments in companies based across North America and Europe
E-scooter startups feel brunt of lockdowns but anticipate future upside
The coronavirus lockdown in Europe has put a brake on the transport sector - should e-scooter startups and their investors be worried?
Vintage Investment Partners leads €27m Zeitgold series-B
Existing backers including Battery Ventures, Saban Ventures, BtoV, and HV Holtzbrinck also take part