France
The Deals Pipeline
A highlight of deal processes underway and involving PE, either on the buy- or sell-side, across Europe
TowerBrook hires advisers to explore Infopro exit
Formal launch has not been set yet, but an auction could kick off by Q4 or early next year
Sagard to launch Climater sale in Q4
Sell-side is adamant about holding an auction and unlikely to accept pre-emptive bids
Permira's Exclusive Networks readies EUR 370m Paris IPO
Pricing of the offering is expected to take place on 22 September 2021
Podcast: In conversation with… Adam Turtle, Rede Partners
Turtle joins the podcast to discuss the firm's journey over its first decade and the main trends in the European fundraising landscape
Pictet holds USD 350m final close for Technology Fund
GP intends to launch a healthcare- and biotech-focused thematic fund in early 2022
Valuations rising as food & beverage whets PE's appetite
Within the space of a year, average pricing in the space has increased by 2.2 turns of EBITDA, research by Clearwater and Unquote shows
Providence to acquire Apax's Marlink for USD 1.4bn
Both firms announced in August that they had entered exclusive negotiations
Astorg, Goldman Sachs to sell HRA Pharma for EUR 1.8bn
Astorg and Goldman Sachs acquired the French asset for EUR 300m-500m in 2016
EQT Ventures gears up for third fund
Fund registration comes less than two years after the final close of its EUR 660m predecessor
Revaia closes debut fund on EUR 250m
Formerly known as Gaia Capital Partners, the firm was founded by Elina Berrebi, Alice Albizzati
HIG closes Europe Middle Market fund on EUR 2bn
GP's first mid-market fund was launched in September 2020, according to Unquote Data
Edmond de Rothschild's Eres IV eyes second close in H1 2022
Firm recently raised EUR 300m at first close, and could add another EUR 150m at second close
Jolt Capital holds EUR 271m final close for fourth fund
Fund surpassed its EUR 250m target and is more than three times larger than its EUR 83m predecessor
Naxicap closes second fund on EUR 856m
Vehicle is the GP's second commingled fund, with the first vehicle closed on EUR 500m in 2016
PAI buys European Camping Group from Carlyle et al.
SBO reportedly values the camping holiday site operator in the EUR 700m-730m range
Apax secures minority stake in Hifield Group
Apax invests via its Development Fund, which held a final close on EUR 255m in January 2020
Marlink to be acquired by Providence
Apax bought the satellite communications company back from Airbus in 2015 for EUR 450m
Unquote Private Equity Podcast: Climb in pricing persists
Following the publication of the Q2 2021 Multiples Heatmap, Unquote welcomes Clearwater's executive team to discuss pricing trends
Eurazeo to sell Seqens stake to SK Capital et al.
Exit will see Eurazeo make returns of 1.8x-2x and follows a five-year investment period
Q2 Barometer: Robust Q2 performance bodes well for H2
The latest Unquote Private Equity Barometer, produced in association with Aberdeen Standard Investments, is now available to download
Multiples Heatmap: PE continues to pay ever more for assets
Deal multiples record a fifth consecutive quarterly increases to reach 11.8x in the second quarter of 2021
No sign of summer holiday for PE as dealflow beats records
In June and July 2021, deal volume surpassed 2019's record by 13%, with aggregate value up by 33%
Hamilton Lane raises USD 475m across two Large Buyout Club funds
Hamilton Lane now intends to launch a Venture Capital-focused fund as an extension of the strategy