France
GPs increasingly ruling out investments due to ESG – survey
Majority of GPs polled by Investec have declined to invest in a company on ESG or ethical grounds
Unquote Private Equity Podcast: H1 review special
The team looks at key takeaways and numbers across deal-doing and fundraising, and ponders where the market might be headed
Silverfleet calls off fundraise for third fund
GP intends to focus on follow-on investments and realisations in its existing portfolio
Equistone acquires GSCM Group
GP has previous experience in the modular construction sector with Oikos Group
IK buys Blanchon from Abénex
First investment made from IK Small Cap III Fund, which closed in April 2021 on EUR 1.2bn
Tikehau appoints Cabanis as deputy CEO
Cabanis will join from her role as executive vice-president at Danone
H&F holds USD 24.4bn final close for 10th fund
Large-cap buyout specialist closed its predecessor fund in October 2018 on USD 16bn
One in four LPs willing to trade lower performance for better ESG - survey
ESG-focused LPs "motivated to divest positions in funds where they perceive ESG efforts to be lacking"
Five Arrows registers next buyout vehicle
Previous vehicle in the strategy, FAPI III, closed on its EUR 1.25bn hard-cap in 2019
Kempen Capital launches second private equity fund
Fund has a EUR 200m target and will make both small-cap direct co-investments and PE fund investments
The Deals Pipeline
A highlight of deal processes underway and involving PE, either on the buy- or sell-side, across Europe
Montagu acquires Intech from Eurazeo
Eurazeo says it is set to achieve a cash-on-cash multiple of 3x and an IRR of 31%
Towerbrook clinches Bruneau auction – report
Towerbrook reportedly beat competition from private equity firms Lone Star and Platinum
French buyout market continues strong rebound in H1
France was home to nine €1bn+ buyouts, comfortably outpacing the UK and German markets
Eurazeo to sell early education business Grandir to InfraVia
Eurazeo is set to earn a 2x return on its initial investment
Fundraising Report 2021: mapping out the post-Covid landscape
Unquote analyses key trends and presents proprietary data on the European fundraising market
LBO France's Groupe RG completes impact refinancing
Reinancing for the PPE distributor includes ESG criteria that will affect the debt repayment
US, UK ranked as most attractive countries for PE investment – study
France makes it into the top 10 for the first time, while Spain also records strong gains
Eurazeo raises €1bn for secondaries programme
Capital raised includes €700m for Idinvest Secondary Fund IV and €300m raised from individuals
ACP raises €814m for flagship fund-of-funds
Access Capital Partners held a first close for ACF VIII in June 2019, securing €412m in commitments
Charterhouse to exit Siaci Saint Honoré to OTPP et al.
OTPP, Cathay, BPI France and Ardian back the deal and SSH's merger with market peer Diot
European PE buyout activity sets new record in H1
Hectic first quarter drove an unprecedented spike in deal activity, while aggregate value is just shy of hitting an all-time high
Charterhouse buys Labelium from Qualium
B2B digital marketing agency made six add-ons during Qualium's three-year investment period
Astorg gears up for fund VIII launch
Predecessor Astorg VII held a final close in January 2019 on €4bn