France
European Q1 deal value drops amid market volatility
Buyouts in the first quarter fell to EUR 62bn, the lowest level since the recovery from the pandemic started
Bridgepoint in exclusivity to acquire G Square's Dentego
Mergermarket reported that sponsors including Ardian, BC, Eurazeo and IK showed interest in the asset
MPEP holds EUR 215m interim close for fourth PE fund
GP expects to reach its EUR 300m target for Munich Private Equity Partners IV by summer 2022
Clearwater Multiples Heatmap: UK and Ireland deals pass 14x mark in Q4
With PE buyouts in Europe shattering records again in 2021, average multiples continued to move up in Q4
Gimv forms digital marketing agency Olyn
Company is built through four assets; will pursue further acquisitions locally and abroad
Kempen reaches EUR 245m final close for second PE fund
Fund has made two co-investments and five partnership deals so far, Kempen's Sven Smeets told Unquote
Advent buys Mangopay, Leetchi
Deal adds to GP's 17 fintech assets including Planet and Medius; sponsor has invested USD 6.5bn in fintech since 2008
Specialist healthcare funds on track for another record year
GPs raised EUR 4.4bn with swelling need for healthcare investment but could face challenges in keeping a disciplined deployment
Access holds EUR 375m first close for ninth flagship fund
Managing partner Philippe Poggioli speaks to Unquote about the Access Capital Partners' small-cap buyout fund-of-funds strategy and the GP's latest fundraise
CVC dribbles past Silver Lake, Oaktree, H&F to score Ligue 1 deal
Deal for 13% in French football league commercial arm will add to sponsor's collection of sports assets
The Bolt-Ons Digest – 1 April 2022
NorthEdge's Correla; LDC's Omniplex; QPE's Encore; Cinven's Barentz, Tenzing's Jeffreys Henry, and more
Azalea holds USD 100m first close for sustainability fund-of-funds
Fund-of-funds will invest in managers focused on ESG and positive environmental and social impact
Equistone considers moving Sicame to continuation fund
GP is also studying a potential refinancing of the French electricity distribution products and services provider
EMK Capital gears up for third fund
European mid-market investor held a final close for its predecessor fund in 2020 on EUR 1.5bn
Turning to powder: European take-privates take pause
Public to private transactions are off to a slow start this year but lower prices on stock markets could encourage dealmaking again
One Peak gears up for fund III
European growth technology firm held a final close for One Peak Growth II in 2020 on EUR 443m
The Bolt-ons Digest – 18 March 2022
KKR’S Biosynth Carbosynth, Agilitas’ Cibicom, Apax’s Graitec, Cairngorm's Verso, Altor's Trioworld, and more
DiliTrust backed by Eurazeo, Cathay, Sagard Newgen in EUR 130m deal
Transaction will see Calcium Capital exit the French corporate governance services provider; Eurozeo to contribute with EUR 52m
BEX Capital raises USD 765m for Fund IV
Secondaries fund-of-funds remains open for no-fee, no-carry investments from NGOs and non-profits
Dawn Capital eyes two new funds
Software-focused VC makes early-stage deals; its Opportunities funds back its later-stage portfolio
ESG from ‘nice to have’ to prerequisite for almost all LPs – survey
Adams Street Partners’ 2022 Global Investor Survey gauged LPs’ views of 118 LPs globally
Initiative & Finance eyes EUR 350m fund close ‘as soon as possible’
French GP will seek to expand LP base internationally as travel restrictions ease and meetings in person resume
Sponsors kick off 2022 with buyout volume down 13% year-on-year
Energy costs, inflation and war in Ukraine cloud deal activity but value holds up with average deal size on the rise
Gimv exits Wolf Lingerie in NextStage-led SBO
French GP is joined by BNP Développement and BPI in investment for lingerie maker