France
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
Astorg to sell Flowbird to Searchlight
Astorg bought the urban transportation and parking service (then known as Parkeon) for EUR 450m in 2016
The Deals Pipeline
A highlight of deal processes underway and involving PE, either on the buy- or sell-side, across Europe
France's Atos circled by private equity firms
Cinven is among PE firms looking at a potential take-private of the Paris-listed consultancy
ArchiMed raises EUR 650m in less than two months
Fund is double the size of its predecessor, MED II, which is now invested in 11 companies
Secondaries activity rebounds to record USD 55bn in H1 – survey
Direct secondaries account for the majority of transactions for the first time ever, says Setter Capital
Houlihan Lokey to buy GCA
GCA Altium and GCA’s US business will operate under the Houlihan Lokey brand
HIG buys Quick Restaurants for EUR 240m
Restaurants reported EUR 227m in sales and EUR 21m in EBITDA in 2019
Qualium sells La Foir'Fouille stake to manager and funds - report
Deal values the French discount retailer at between EUR 150m and EUR 200m
Bridgepoint explores Anaveo exit, initial bids due imminently
Financial sponsors showing preliminary interest include 3i, PAI and Motion Equity Partners
Eurazeo at 70% of target for EUR 1bn PME IV fund
Fund has already secured more than EUR 700m, including EUR 400m from Eurazeo's balance sheet
Equistone sells Bruneau to Towerbrook
Earlier media report put the EV of the French online office supplies retailer at EUR 475m
Eurazeo NAV per share hits record high
AUM grew by +39% over the 12 months to June 2021, to reach €25.6bn
Mega-rounds fuel record H1 for venture and growth
Largest rounds inked in the first six months of 2021 read like a veritable Who's Who of European fintech heavyweights
Eurazeo closes Idinvest Private Debt V on EUR 1.5bn
Fund exceeds its EUR 1.2bn target and is already deployed at nearly 80%, with a successor lined up
Tikehau holds EUR 617m final close for European Special Opportunities II
Fund surpassed its EUR 500m target and is more than 50% deployed, with a 68% re-up rate
Alpha Private Equity sells Vertbaudet to Equistone
SBO of the children's clothing and accessories retailer is Equistone's sixth platform deal of 2021
The Deals Pipeline
A highlight of deal processes underway and involving PE, either on the buy- or sell-side, across Europe
Eurazeo Growth III holds final close on EUR 1.6bn
Vehicle surpassed its EUR 1bn target and will provide initial equity tickets of EUR 25m-100m
PE buy-side appetite further boosts exit options for sponsors
Secondary buyouts accounted for nearly a third of all PE exits in the first half of 2021, compared with typical levels of 20-25%
Unigestion launches second emerging-manager fund
Vehicle has a target of EUR 300m and will back first- and second-generation buyout and growth funds
France's Apax Partners closes latest flagship fund on EUR 1.6bn
Fund is around 60% larger than its predecessor, which closed on EUR 1.03bn in 2016
GHO holds EUR 2bn final close for third fund
Fund close follows a fully virtual fundraise that saw the GP surpass its EUR 1.25bn target