France
Core Equity scores Provalliance deal
Deal reportedly values the French hairdressing services chain at around €500-600m
CVC buys Cooper from Charterhouse for €2.2bn
CVC invests via fund VII, while Charterhouse will reinvest in the OTC pharmaceuticals business
PAI Mid-Market Fund closes on €920m
Fund invests in European mid-market companies across France, Germany, the Benelux region and southern Europe
Unquote Private Equity Podcast: the price is right?
Following the publication of the Q4 2020 Multiples Heatmap, Unquote welcomes Clearwater's executive team to discuss pricing trends
Permira gears up for second Growth Opportunities fund
Fund is expected to follow the same strategy as its predecessor, which closed on $1.7bn in June 2019
The Deals Pipeline
A highlight of deal processes underway and involving PE, either on the buy- or sell-side, across Europe
Qualitas launches €200m fourth fund-of-funds
Qualitas Funds IV invests in fund managers operating across the lower-mid-market in Europe and North America
Agilitas 2020 Private Equity closes on €565m
Fund focuses on mid-market companies across western Europe, within a range of sectors
Apax sells Sandaya to InfraVia
Sale ends a five-year holding period for Apax, which acquired a majority stake in Sandaya from Pragma Capital
Paragon sells NovumIP to GP-backed Questel
Transaction will see Paragon invest in Questel for a minority stake in the IP consultancy firm
Majority of LPs happy to commit without in-person meeting – survey
Cebile Capital survey finds that 51% of respondents expect to increase PE commitments in 2021
Quantifying PE's appetite for recurring revenue models
Buyouts in sectors where recurring revenue models are predominant went from 8% of European volume in 2010 to 22% in 2021 to date
Goldman Sachs, Kennet sell Nuxeo to Hyland Software
Goldman Sachs and Kennet Partners are expected to make a 5x return on their investment in Nuxeo
Sofinnova Crossover Fund closes on €445m
Fund focuses on investments in later-stage biopharma and medtech companies that need capital to scale up
Biotech market provides dose of optimism
In the past year, the biotech market has seen buoyant activity, reaching record levels of investments
Tikehau to become majority shareholder in Cruiseline
Following the deal, Montefiore retains a minority stake and a seat on the company's board
Beyond Black holds first close for Pledge Fund I
Following the тЌ20m first close, the Berlin-based VC aims to launch a larger cleantech-focused fund
Tiger Global et al. in €178m round for Vestiaire Collective
Previous backers Eurazeo, BPI France and Vitruvian Partners also take part in the investment
Download the March 2021 issue of Unquote
The latest issue of the Unquote magazine is now available to our subscribers
No need to panic about high dry powder as PE market comes roaring back, says Bain
Appetite remains high for deal-making and exits, according to Bain & Companyтs 2021 Global Private Equity Report
Latour buys Omni-Pac from Motion Equity and Arkéa
Omni-Pac's management team and Motion Equity Partners reinvest alongside Latour Capital
France: strong deals pipeline fuels high average entry multiple
Sponsors fight tooth and nail for prized assets in defensive sectors such as healthcare, higher education and financial services
Siparex buys Winncare from IDI
Capza takes part in the deal alongside Siparex and acquires a minority stake
Tikehau closes T2 Energy Transition Fund on €1.1bn
Fund targets European companies operating in the clean energy production, low-carbon transport and energy efficiency segments