France
Astorg Mid-Cap anticipates summer final close
Fund will make pan-European investments in mid-market companies and has a €1bn target
Astorg buys majority stake in Five Arrows-backed Opus 2
Five Arrows bought a minority stake in the legal technology company in 2017 and will now reinvest
Eurazeo Brands buys majority stake in UPD for €68m
GP plans to further develop the company's digital and e-commerce capabilities, while boosting its expansion
European GPs get top ESG marks, but diversity remains sore point - survey
Only 23% of Aberdeen Standard Investments' GPs have clear diversity targets in their portfolio companies
Back to school: education dealflow heats up as pandemic settles
Digital opportunities and long-term growth drivers have resulted in an influx of deals in recent weeks, with more in the pipeline
Industry Ventures Secondary IX closes on $850m
Fund focuses on investments in direct secondaries, LP interests, direct portfolios and tail-end funds
Capital Dynamics Global Secondaries V closes on $786m
Fund invests in a diversified portfolio of global secondaries interests in mid-market private equity funds
Hg sells Trace One to Symphony Technology Group
Hg invested in the retail and branding management software in 2016 via HgCapital Mercury Fund
Activa sells Active Assurances to Silver Lake's Meilleurtaux
Sale ends a three-year holding period for Activa, which invested in Active Assurances alongside BPI France
Aldea Ventures holds €60m first closing
Fund follows a hybrid strategy, investing both in small VC vehicles and technology startups
European fund launches off to slow start in 2021
Number of PE funds launched by European managers in Q1 this year is significantly down on the volume recorded for the same period in 2020
Stirling Square clinches Medisup deal – report
Deal reportedly values the French medical education business at around €350m, or 14x EBITDA
Bridgepoint sells US-based Calypso to Thoma Bravo
Deal values the financial services software firm at $3.75bn, according to several media reports
Lexington Co-Investment Partners V closes on $3.2bn
Fund focuses on co-investments alongside private equity sponsors, primarily in US and European companies
Riverside Europe VI closes on €465m
REF VI invests in European companies with high-growth potential, generating EBITDA of тЌ5-30m
The Deals Pipeline
A highlight of deal processes underway and involving PE, either on the buy- or sell-side, across Europe
Capza Growth Tech Fund eyes €250-300m target
Fund invests in tech companies across continental Europe, with the aim of boosting their expansion
Target Global heads for Growth II final close
Fund will make series-B and -C investments; it has a target of тЌ400m and a hard-cap of тЌ600m
Commonfund Venture Partners XIII closes on $625m
CVP XIII plans to deploy the majority of its capital in established early-stage global venture capital funds
Eurazeo buys Groupe Premium in €290m deal
GP invests in the company alongside current shareholders Montefiore Investment and the management team
Earlybird heads for Growth Opportunities final close
European VC investor is also fundraising for its latest Digital West and Health funds
Waterland sells Base Logistics to Ardian's Staci
With this add-on, Staci expects to build a logistics group with annual turnover of €450m and 2,500 staff
Activa Capital buys Cityzen
This is the first deal made by Activa Fund IV, which recently held a first close on more than €100m
Activa Capital IV holds €100m first close
Fund invests in management buyouts of French companies operating in the B2B services industry