France
Unquote Private Equity Podcast: Allocate 2020 special
The Pod discusses our upcoming LP/GP conference, Allocate, touching on illiquidity solutions, secondaries, and ESG
PAI buys stake in Amplitude from Apax
Sale ends a nine-year holding period for Apax, which bought the business from Weinberg and Initiative & Finance
LBO France's RG Safety buys Waterfire
Deal is the protective equipment producer's second add-on in Spain since the GP invested in 2017
Siparex, BPI France sell Duralex to trade
Firms invested in the business in 2015 alongside management, acquiring it from Initiative & Finance
French deal pipeline: live, expected and pulled sale processes
A round-up of sale processes ongoing or expected to launch in the coming months in France, courtesy of Unquote sister publication Mergermarket
LT Capital acquires Global Partner
IT consultancy plans to open further offices across France and to expand its product portfolio
Waterland opens office in France; appoints managing director
Louis Huetz will be responsible for establishing and heading the new office
Ardian Expansion V closes on €2bn
Launched in January 2020, the fund's original target was €1.5bn - already 50% larger than its predecessor
Apax France to buy Groupe Crystal
GP will buy a majority stake, while Crystal president Bruno Narchal and director Jean-Maximilien Vancayezeele will retain a minority
Sagard NewGen backs Laboratoires Delbert
Socadif Capital Investissement, Idia Capital Investissement and MACSF also invest in the company
Alliance Entreprendre acquires Ecoclean, LT reinvests
LT and Alliance Entreprendre invest €6m and €10m respectively, according to Capital Finance
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
Astorg's Aries Group to offload two subsidiaries – reports
Beleaguered aerospace sub-contractor is looking to sell ACB and Dufieux, according to local reports
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 €2bn
Yotta holds first close on €101m for Smart Industry Fund
Vehicle has a target of more than €120m and has received commitments from BPI France and EIF
Andera acquires two services companies from Salini
Deal is GP's 13th investment from €165m vehicle Cabestan Capital II, which closed in 2016
BIP Capital backs La Boutique Officielle
Arkéa Capital, BNP Paribas Développement, Azulis, Time for Growth, Cadipa and Showcase invest alongside BIP
Eurazeo acquires the remaining capital of Idinvest
This additional purchase is a provision in the agreement struck by the two firms in 2018
Naxicap, Impala make bids to acquire Ales
Ales Groupe was put into receivership by the Commercial Court of Paris in July 2020
Ardian backs smart city specialist Wintics
Company plans to use the fresh capital to scale up its technology and accelerate its expansion
LBO France completes sale of EI-Technologies to trade
French GP invested in the company in 2008 through its venture fund
Bridgepoint Development Capital IV hits £1.5bn hard-cap
Fund exceeds its £1bn target after around eight months on the road, Unquote understands
Oaktree Capital buys Stade Malherbe Caen
GP invests in the company alongside French entrepreneur Pierre-Antoine Capton, who is appointed as chair
Ambienta opens Paris office, hires two new partners
Gwenaelle Le Ho Daguzan is appointed as partner in France and Hans Haderer in Germany
