France
Sofinnova et al. in €35m series-C round for CorWave
Company has so far raised €80m in funding since being founded in 2012
Flexstone Partners appoints head of ESG
Gibert, who joined Flexstone Partners in 2014 and is based in Paris, will take on the new role in addition to her existing responsibilities
Unigrains secures minority stake in Innatis
GP has also backed Innatis's acquisition of Domaine des Coteaux, a producer of peaches, nectarines, apricots, cherries and kiwis
IK buys LSA from BlackFin
BlackFin exits the company five years after wholly acquiring it, then operating as Lucheux
Ace Aero Partenaires nets further €100m commitment
Crédit Agricole, its regional subsidiaries and LCL push the fund closer to its €1bn target
Covid-19 impact expected to be more severe than GFC – survey
Almost all Dechert survey respondents expect distressed deals to increase, while 82% cited more deal delays as an ongoing effect
PAI buys MyFlower from LFPI and Montefiore
GP is deploying equity from its latest vehicle, PAI Mid-Market fund, which held a first close in October 2020
IK invests in Valoria Capital
GP invests via IK Small Cap II Fund, while Idinvest provides financing for the transaction
Here's to a merrier 2021
The Unquote team wishes you a restful break and will be back to cover European private equity news on 4 January
Weinberg Capital buys supermarket chain Marcel & Fils
GP is deploying equity from its third fund, and Marcel & Fils is its fourth investment from the vehicle
Latour sells Nextpool to B&Capital-led consortium
GP sells its stake six years after acquiring it via Latour Capital I in December 2014
Unquote Private Equity Podcast: France 2020 review
Katharine Hidalgo welcomes Unquote editor Greg Gille to discuss how dealflow and fundraising prospects are faring as 2021 rolls on
Ardian buys AD Education
BC Partners and CVC were also reportedly among suitors mulling a bid for AD Education
Tikehau Capital hires new CFO
Prior to joining Tikehau, Antoine Onfray was group deputy CEO of listed real estate group Paref
29% of LPs have decreased interest in emerging managers – survey
Placement agent Eaton Partnersт latest LP Pulse Survey collected responses from 61 LPs globally
Omnes buys minority stake in Tennaxia
Company will use investment to step up cross-selling strategy, strengthen sales teams, and attract new customers
AlpInvest closes seventh secondaries fund on $9bn
ASP VII is a dedicated secondaries investment programme focused on fund interests and GP-centered investments
Mutares to acquire Primetals Technologies France
Deal will see the business carved out from its parent company on expected completion in February 2021
Providence buys La Centrale
Following the deal, which is expected to close in Q1 2021, Axel Springer will retain a minority stake
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Eurazeo to manage €420m Nov Santé healthcare fund
Fund was launched by the French Insurance Federation (FFA) and Caisse des Dépôts to commit to projects in the healthcare sector in France
Waterland VIII holds final close on €2.5bn hard-cap
Three-month fundraising process was conducted entirely remotely, the GP said in a statement
SK Capital to buy Ipackchem from Sagard
Sale ends a holding period of around four years for Sagard, which bought Ipackchem from Céréa and BPI France
Q3 Barometer: Green shoots emerge
Aggregate value of deals was noticeably up in Q3 as the reopening of debt markets boosted transaction sizes