France
NewAlpha acquires majority stake in CHR Numerique
Company has generated €12m in revenues and has a 25% EBITDA margin
Axa Venture leads €5.2m round for Unlatch
Company plans to use the fresh capital to boost its international growth, primarily in Spain and the UK
M&A wave incoming in 2021, says Edmond de Rothschild CIO
Investment bank's H2 2020 outlook also emphasises continuing macroeconomic uncertainty, and singles out healthcare and data assets as winners
Cathay, BPI-backed AD Education bolts on Accademia Italiana
Following the deal, Accademia Italiana founder Vincenzo Giubba will stay on with the business to support its expansion
Unigestion announces closes for Secondary V and Direct II
Secondary V has held a first close on €228m, while Direct II held a third close on €375m
Cathay Capital backs FuturMaster
Company plans to use the financing to further develop its SaaS solutions and boost its global expansion
Carlyle to acquire Envea for €186m EV
Envea reported revenue of €100.5m and an operating profit of €14.7m in FY 2019
The Deals Pipeline
A fortnightly highlight of deal processes underway and involving PE, either on the buy- or sell-side, across Europe
Andera closes ActoMezz IV in excess of €500m
Sponsorless mezzanine fund is the largest raised by Andera (formerly EdRip) to date
iXO backs MBO for Exsto
French GP has reportedly backed the deal with a €20m investment, while Siparex exits the business
Cerea backs packaging specialist Axium
BPI France buys a minority stake in the company, alongside Axium's CEO and management team
Initiative & Finance appoints PAI Partners’ Oliveau
He will be responsible for the operational support of the portfolio of Tomorrow Private Equity Fund
Omnes, Principia, Seventure in €46.3m series-E for Enterome
New investors SymBiosis and Takeda Pharmaceutical Company also take part in the round
Partech, Breega in €10m seed round for Ubble
Investment is an extension to the seed round by angel investors and Partech last year
BNP Paribas Euro SME Debt Fund II holds €576.5m final close
Investment period for the GP's €500m predecessor debt vehicle ended earlier in 2020
Baudon to remain Invest Europe chair, EBRD’s Fossemalle named chair-elect
Fossemalle has been the director in charge of equity funds at the EBRD since 2009
Volkswagen in talks to acquire Eurazeo's Europcar stake - report
Car rental business's largest shareholder Eurazeo has owned a stake in the company since 2006
Connect Ventures closes $80m seed fund
Fund deploys capital in companies operating across all B2B and consumer software segments
Ergon in exclusive negotiations to acquire Telenco
GP plans to invest in the telecoms equipment producer via Ergon Capital Partners IV
PAI Partners appoints Boullier as managing director
In his new role, Boullier will lead IT and digital transformation across PAI and its portfolio companies
Consortium in €20m series-A round for Memo Bank
Company also announces it has been given the seal of approval to be a fully-fledged bank
Mediobanca, Russell Investments launch third private market fund
Fund invests in secondaries, distressed assets and opportunities in dislocated industrial sectors
Index Ventures leads €70m series-C for Swile
Company will use the funding to expand internationally, starting with Brazil
Video: Cambridge Associates’ Marcandalli on impact investing moving centre stage
In a new instalment of Unquote's Lockdown series, Annachiara Marcandalli explains why it is unlikely that coronavirus will sideline impact investing
