France
Pantheon raises USD 624m for GP-led secondaries programme
Unquote recaps the fundraise and investment strategy with managing partner Paul Ward
LBO France in EUR 500m Franco-Chinese venture with Haixia Capital
MoU marks LBO France's first foray into the Chinese market, with plans to open a local office
Asmodee already attracting PE interest ahead of November launch
Silver Lake, CVC, Advent and KKR are already set to join the race, sources say
Saverglass sale hits snag with remaining bidder Lone Star
future capex spend is a worry for bidders and lenders, sources say
Committed Advisors closes CAPF I on EUR 161m
Primaries, early secondaries and co-investment fund is intended to extend the GP's existing strategy
EQT launches EQT Future fund
Fund has a EUR 4bn target and intends to make impact-driven investments in mature companies
LBO France holds EUR 155m final close for Digital Health 2
GP previously raised EUR 70m for SISA, a fund dedicated to healthcare technology
Sofinnova holds EUR 472m final close for Capital X
France-headquartered VC will continue to focus on early-stage healthcare investments
One third of LPs plan to increase PE allocation within a year – survey
Schroders' Institutional Investor Study surveyed 750 investors in February and March 2021
2021 European PE exits already exceeding full 2020 tally
GPs are clearly looking to seize the initiative and clear out portfolios amid a general push to ink deals on the buy-side
Jasmin Capital promotes new partner
Placement agent and secondaries adviser also promotes three and hires a new associate
TA Associates takes minority stake in Foncia
TA secures a 25% stake, while Partners Group remains the controlling shareholder
Ace Capital raises EUR 175m for cybersecurity fund
Brienne III held a first close on EUR 80m in June 2019 and ultimately exceeded its target
Social concerns increasingly important in European consumer M&A
Ethical supply chains, modern slavery, diversity and inclusion, wage gaps, and health and safety are all "potential liabilities" for M&A sponsors
European ESG market to hit EUR 1.2trn by 2025 – survey
Segment could account for between 27% and 42% of private markets' asset base, up from 15% in 2020, says PwC
Spotlight on Spacs: Fintech fever
A sustained surge in fintech deal-making may well have Spacs to thank
European GPs raise record amounts in first nine months of 2021
Raising EUR 105.5bn in aggregate commitments is a 30% increase on the average amount raised in comparable periods over the previous four years
European buyout dealflow up 36% year-on-year in Q3
Europe was home to 346 buyouts worth an aggregate EUR 69.8bn in the third quarter, preliminary figures indicate
Women in PE continue to earn less than male counterparts – survey
Survey by Heidrick & Struggles found that female principals in the UK are an exception to the trend
PAI lines up next flagship fund
PAI Partners VIII is registered in Luxembourg, with its predecessor having raised EUR 5bn in 2018
European PE activity could reach EUR 400bn mark in 2021
Aggregate value for 2021 to date is already higher than that seen in any full-year on record, with a full quarter still to play out
Five Seasons closes second fund on EUR 180m
Food-technology-focused VC held a final close for its debut fund on EUR 77m in 2019
The Deals Pipeline
A highlight of deal processes underway and involving PE, either on the buy- or sell-side, across Europe
Weinberg's Alliance Marine joins French mid-market pipeline
Since being acquired by Weinberg in 2016, Alliance Marine went on a bolt-on spree