France
En garde ..
This month has seen an encouraging increase in the deal flow. The most prominent deal was Apax Partners and LBO France's acquisition of a 70% stake in Maison du Monde which has an enterprise value of around EUR435m. Also this month Carlyle's LBO of Numericable...
FRANCE - Oddo AM makes three investments
Oddo Asset Management has made three early-stage investments in eco-innovation companies.
EUROPE - KKR fund mystery
Confusion surrounds the progress of fundraising for KKR's latest European vehicle today, with some reports suggesting a EUR 6bn final close and others reporting that the fund is still in the fundraising process.
FRANCE/ITALY – Investindustrial to acquire Selective Beauty
Investindustrial is to acquire a stake in perfumes and cosmetics company Selective Beauty from 3i.
GLOBAL - Summit closes two funds
Summit Partners has closed two funds,a Europe-focused private equity fund on €1bn and its fourth subordinated debt fund on $825m. This brings the total amount Summit Partners has available for investment in North America, Europe and Asia to almost $6bn.
FRANCE - Vermeer Capital closes distressed fund on EUR 75m
Vermeer Capital has held the first closing of its maiden fund of the same name on EUR 75m. The fund will focus on turnarounds of distressed companies. The closing is shy of the EUR 90m hard cap which the next closing is expected to be near to.
EUROPE - EIIB creates private equity practice
The European Islamic Investment Bank has established a private equity and corporate advisory department based in London.
GLOBAL – Industry leaders outline challenges at BVCA summit
At today's BVCA’s 25th Anniversary VIP Summit, run in association with unquote”, market leaders hammered out what they believe to be the major challenges facing the industry in the year to come.
FRANCE – Meridiam closes EUR 600m infrastructure fund
Crédit Agricole subsidiary Meridiam Infrastructure has closed a EUR 600m fund. The fund will be dedicated to investments in infrastructure projects financed by public/private partnership contracts or subject to concessions.
FRANCE – Demeter injects EUR 1.5m in TREZ
Demeter Partners has invested EUR 1.5m in TREZ in a first round of financing. TREZ plans to industrialise an innovative patented zinc-bearing hazardous waste process originating from the surface treatment industry. The financing round will be used to...
WORLD - Warburg Pincus closes $15bn fund
Warburg Pincus has closed its latest fund, Warburg Pincus Private Equity X on $15bn. The fund has a broad investment remit focusing on early-stage investments through to buyouts and special situations.
FRANCE – Blackstone seeking Vitalia Exit
The Blackstone Group is reportedly seeking to divest healthcare clinic operator Vitalia. The company has 46 clinics and generates around EUR 650 million in revenues.
FRANCE – OFI set to acquire Gault et Fremont
OFI Private Equity has signed an agreement with LBO France to purchase Gault et Fremont. The deal will see LBO France exit its interest in the company while OFI will hold a yet to be determined majority share alongside the management.
FRANCE – Crédit Agricole invests in Conexia
Crédit Agricole Private Equity and Vaorem have purchased a 49% stake in Conexia Energy. Crédit Agricole made the investment via Capenergie, its FCPR energy fund. Vaorem is a developer and operator of wind farms based in Bègles.