France
Morgan Stanley equity solutions MD departs
Gautier Martin-Regnier has left after nine years at the bank; expected to join sovereign wealth fund
ICG closes European Corporate fund on EUR 8.1bn
Fundraising exceeds EUR 7bn target set for eight vintage of flagship debt fund
McWin closes EUR 500m restaurant fund backed by ADIA
Food specialist also set to start fundraising for EUR 250m food tech vehicle next month
Sidekick spinoffs: Insurtech scale-ups attract PE interest
Investment set to break EUR 1.1bn mark this year as sponsors seek for rising stars
Permira to exit Vacanceselect to PAI-backed European Camping Group
French campsite operator will have approximately 10% market share in Europe after the acquisition
Montagu to exit Arkopharma for EUR 450m
Sale of French supplement maker leaves two unrealised assets in 2010-vintage Montagu IV
IK Partners in exclusivity to sell Exxelia to US trade
Aerospace electronic components group to be acquired by HEICO Corporation for EUR 453m in cash
Tikehau holds EUR 3.3bn final close for TDL V, plans further fundraises
GP said in its H1 2022 results that it has fundraises for its flagship funds in sight for Q3
Tikehau et al. sell majority stake in GreenYellow to Ardian
French sponsors to reinvest in the renewable energy firm following EUR 1.4bn deal
Eurazeo's NAV dips amid volatile markets
Net asset value dips by 3.9% as French sponsor creates contingency buffer of EUR 500m to account for market uncertainty
Deutsche Bank head of EMEA equity-linked departs
Xavier Lagache is no longer in the role after more than a decade; replacement not announced
Oakley to combine Grupo Primavera with Silver Lake's Cegid
Merged software groups valued at EUR 6.8bn; Oakley becomes minority investor alongside KKR and AltaOne
Ambienta plans asset class expansion following EUR 1.55bn Fund IV close
Environmental investor set for first deals with new fund in 2023 as it assesses a foray into new asset classes and geographies, founder and managing partner Nino Tronchetti Provera tells Unquote
Eurazeo PME IV holds 1bn close
Deployment has reached 40% for the new fund, with five to seven further platform investments penned
IK to sell Linxis Group to Hillenbrand for EUR 572m
Agreed sale of packaging machines group to US-based industrial buyer set to complete by year-end
Ardian exits majority stake in Opteven to Apax
New owner will aim to accelerate the insurance provider's international growth
Cinven plays long game with financials fund in hunt for 3x returns
With a life of 15 years, the new vehicle has closed above target, with insurers making up about a quarter of its LP base
Sponsors brave the storm amid drop in financial services M&A
GP buyouts in the financial services space reached a two-year high in H1 2022 as rising financing costs and a brewing recession cloud the sector's M&A outlook
Optimism prevails as PEs expect step-up in deal-making – research
Third Bridge's Joshua Maxey speaks to Unquote about the findings of the Mid-market PE Forecast: 2022
Five Arrows-backed A2MAC1 eyes September auction launch
Car benchmarking group could be valued at EUR 1bn in sale likely to attract major tech funds
Five Arrows exits pharmacy group Laf Sante to Latour
Vendor plans to reinvest in pharmacy chain; Bpifrance takes minority stake
PE fundraising pipeline offers hope amidst slowdown in H1 2022
Final closes down by almost half so far this year, but a number of "mega-cap" vehicles in coming months could still bolster 2022 fundraising
Eurazeo to reap 3.2x money multiple in Vitaprotech SBO to Apax
French GPs in exclusive negotiations for security specialist deal, which could generate IRR of 30%
Cinven holds EUR 1.5bn final close for financial services fund
GP's first sector-focused fund has made three deals, the first of which was insurance broker Miller