France
Wellington Hadley Harbor III closes on $1.8bn
In addition to the capital raised, the fund also has access to up to $400m from co-investors
Merieux Equity et al. in series-A round for Cell-Easy
Company plans to use the fresh funding to expand its manufacturing platform and scale up its team
GP Profile: PAI to step up DACH deal-making
Ralph Heuwing, recently appointed partner and head of DACH, discusses the regional focus with Harriet Matthews
Scale Venture Partners Fund VII closes on $600m
Fund targets software startups, with a special focus on cloud infrastructure, cybersecurity and AI
EQT Ventures leads €50m series-B for Luko
Company intends to use the fresh capital to further boost its product development and scale up its team
Mirabaud Lifestyle Impact & Innovation holds €56m first close
Fund targets companies active in the ready-to-wear, cosmetics, jewellery, accessories, health and lifestyle sectors
Index Ventures leads €25m round for Ankorstore
B2B marketplace for brands and independent retailers is also backed by GFC, Alven and Aglaé
G Square backs €40m round for Medadom
France-based telemedicine startup intends to use the fresh capital to expand its domestic presence
TriSpan Opportunities Fund II holds first close
Fund focuses on investment opportunities in the lower-mid-market across North America and Europe
SR One set to deploy $500m fund following GSK spin-out
CEO Simeon George tells Unquote that the firm is seeing early-stage and later-stage opportunities
Andreessen Horowitz raises $4.5bn across two funds
VC raises $1.3bn for its seventh early-stage fund and $3.2bn for its second growth fund
Permira's Exclusive Group bolts on Nuaware
Company has made add-ons in Europe, Canada and Hong Kong since Permira's investment in 2018
HIG Europe Capital Partners III closes on €1.1bn
Fund invests in buyouts, recapitalisations and corporate carve-outs of European businesses
Ardian buys Inovie minority
Ardian has acquired a minority stake in medical diagnostics company Inovie.
BPI France, Omnes lead €12m series-A for AlgoTherapeutix
Company intends to use the proceeds to finance the clinical development of its lead candidate ATX01
Apax acquires majority of Diapason
Founder Pascal Kravitzch and Diapason's management team also invest significantly in the deal
Latour Capital III holds final close on €1bn
Fund targets majority transactions and spin-outs of large companies mainly based in France
PAI buys Grand Frais grocery business EEF
PAI intends to support EEF in accelerating its growth plans, both organically and via external acquisitions
GSK spinout SR One closes $500m debut fund
Biotechnology-focused vehicle will invest in Europe and the US, with GSK as cornerstone investor
Multiples Heatmap: average entry multiple hits 10.5x as dealflow recovers
The UK and Ireland was the hottest region for multiples in Q3, also seeing the largest increase in valuations of any region
Eurazeo buys Altaïr from Motion Equity for €115m
Sale ends a four-year holding period for Motion Equity, which bought the company from Azulis, Gimv and co-investors
Covid-19, oversubscribed funds fuel interest in early secondaries
Early secondaries are tipped to become more plentiful in the coming months, but market observers urge caution to mitigate potential pitfalls
Charterhouse buys Novetude Santé
GP intends to boost the company's growth, bolster its international expansion and pursue a buy-and-build strategy
The Deals Pipeline
A highlight of deal processes underway and involving PE, either on the buy- or sell-side, across Europe