France
Elaia Partners holds €115m first close for latest fund
French VC has already made five investments via its latest vehicle, Elaia Delta Fund
Omnes backs Batiweb SBO
French GP secures a minority stake in the business while Ardian realises its 2008 investment
Qualium to spin out from Caisse des Dépôts
Management team will secure 70% of the shares, while Caisse des Dépôts will remain a sponsor in the funds
Eurazeo sells Colisée to IK Investment Partners
Sale follows a three-year tenure and reportedly values the care home operator at €236m
Eurazeo PME buys Smile from Keensight
Keensight bought its majority stake in the French open-source IT business in 2014
KKR injects $70m into Ivalua
Funding round for the spending management software firm ranks among the largest seen in France in recent years
New LP Essling Capital spins out from Massena Partners
PE-focused entity manages €1bn across primaries, secondaries, co-investments, real estate and debt
Tikehau appoints Cirenza as London office head
Peter Cirenza leaves his teaching role at the London School of Economics to join Tikehau
EdRip backs group Bacacier
EdRip invests from venture fund Winch Capital 3, closed on €300m in 2014
Macron's proposed tax reforms: what impact on French PE?
With independent candidate Emmanuel Macron currently heavily favoured to win the French presidential election in two weeks, Alice Tchernookova examines how his proposed flat capital gains tax rate could impact private equity
AnaCap buys Ellisphere
Ellisphere was hitherto a subsidiary of Natixis, which had managed the group since 2014
Perspective et Participations et al. back Société Besnard bolt-on
Previous funders Unexo and Sodero Unigestion have backed Microsteel since 2006
Advent France Biotechnology holds €64.75m first close
Firm was launched in 2016 and targets early-stage companies in the life sciences sector
Ardian strikes $2.5bn secondary/primary transaction with Mubadala
Ardian takes majority stake in an existing PE portfolio and becomes lead investor in a new $1.5bn fund
Azulis Capital closes MMF V on €215m
Azulis also reshuffles its team in parallel with the fundraise, with certain partners retiring
Ixo backs Noeva's MBO
Ixo becomes the new majority shareholder of Noeva, with the balance going to management
Keensight promotes Svensson to partner
Magdalena Svensson becomes partner at Keensight after three years with the company
Pamplona sells further 33% of OGF to Teachers' Private Capital
Pamplona, which first acquired the group in 2013, had already sold a 41% stake to OTTP in 2015
LBO France to take over HMY Group
Sagard became majority shareholder in HMY Group in 2005, acquiring the company for €340m
Idinvest et al. in $75m series-D round for Actility
Expansion will focus on developing industrial internet of things solutions in additional sectors
Capitem Partenaires exits Planett
Capitem Partenaires acquired a majority stake in Planett in 2015 through an MBO
ArchiMed makes 400% IRR on HIS exit
Transaction marks the first exit for ArchiMed's maiden fund Med 1, closed on €350m in 2015
Naxicap buys Findis from Activa et al.
Naxicap’s takeover marks the third LBO for Findis, with previous owners including Activa and Abénex
Abénex backs LP Promotion MBO
GP is acquiring its stake from company founder Lucien Ponsot, allowing him to retire