DACH
PE examines portfolio liquidity options as coronavirus halts dealflow
Managing financial and liquidity risk is front of mind as managers fret over the potential impact of a severe downturn
Secondaries: opportunistic buyers ready for fund stakes to hit market
With more sellers coming to market, prices are unlikely to stay at pre-Covid-19 heights, which could in turn encourage more opportunistic buyers
One Peak backs DataGuard with $20m investment
GP has taken a significant minority stake in the Germany-based data privacy software provider
Lone Star sells Isaria to Deutsche Wohnen for €600m
GP is selling the majority of Isaria's real estate project development platforms
Halder buys Sirag, Univer and Uniprod
Add-ons to the portfolio companies and Drumag and EPH will expand the buy-and-build Valeta Group
German VCs call for more Covid-19 startup support
Concerns centre around the profitability criteria, as well as local banks' lack of familiarity with startups' risk profile
King & Wood Mallesons appoints new counsel
Peter Polke will expand the firm's M&A and private equity practices, and joins at the start of April
Lilium raises $240m in series- C funding round
Aviation startup has so far raised more than $340m
Lead Equities to exit MCL to One Equity Partners
One Equity will wholly acquire the Germany-based IT service, ending an eight-year holding period
Waterland to buy Direkt Gruppe
GP will acquire the IT and business consultancy group subject to competition authority approval
The Deals Pipeline
A fortnightly highlight of deal processes underway and involving PE, either on the buy- or sell-side, across Europe
Annual Buyout Review: European momentum likely to be hit hard
Unquote's lastest Annual Buyout Review is now available to download, offering in-depth statistical analysis of European buyout activity in 2019
DBAG's Ding Group bolts on Iska Schön
GP is pursuing a buy-and-build strategy in the telecoms infrastructure sector
BIP, Luxempart-backed Arwe in self-administration
Automotive services company cited uncertainty of future revenues caused by the coronavirus outbreak
Coronavirus and private equity
All our latest coverage on the ongoing coronavirus crisis, and its impact on the European PE industry
HBL acquires ZWT Wasser- und Abwassertechnik
GP will seek add-ons in Germany and elsewhere in Europe, as well as promoting organic growth
BayBG backs round for EverReal
Seed round extension follows the first round in November 2019, backed by HTGF and Seed X
Secondaries buyers expect 30% volume drop over next two months - research
Five out of 37 buyers still appear opportunistic and expect activity to go up
Capricorn Partners, Novax back Prolupin
Existing investors Munich Venture Partners and eCapital Entrepreneurial Partners also participate
Immatics acquired by sponsor-backed Arya
Immatics will receive proceeds of approximately $252m upon closing of the deal
RTP Global et al. back €18.5m round for Penta
Existing investor HV Holtzbrinck co-led the round for the Germany-based banking platform
Evli leads $17m series-A for Refurbed
Company aims to reach $100m in GMV in 2020 and to expand to additional European markets
New perspectives: How secondaries are reshaping PE's risk profile
With LPs increasingly hungry for PE, the boom of the secondaries market can shift perceptions around the risks associated with the asset class
Acuris coronavirus impact analysis
Assessing the early impact of coronavirus on capital markets and sectors