France
Consortium in €20m funding round for Tehtris
Cybersecurity software platform drew investment from sponsors including Ace Management
Aglaé, BPI France lead $30m series-B for Livestorm
Raise Ventures and Idinvest also take part in the round, which brings the total amount raised by Livestorm to $35m
Turenne backs ABL Lyon
GP invests via Turenne Capital Santé 2, a healthcare-dedicated fund with a €165m hard-cap
Speedinvest holds first close for Speedinvest x Fund 2
VC also announced the appointment of Tier Mobilty co-founder Julian Blessin as partner
Novalpina buys majority stake in Laboratoire XO
Deal reportedly values the company at more than €300m, and unitranche debt was provided by debt fund manager Ares
Värde Dislocation Fund closes on $1.6bn
Fund has a global mandate to pursue a mispriced, stressed and distressed credit
Private equity ramps up divestment efforts
Exit activity jumped by 50% in October, back to pre-pandemic levels, according to Unquote Data
Crédit Mutuel Equity et al. invest €75m in Chausson Matériaux
Irdi Soridec Gestion, BNP Paribas, Grand Sud-Ouest Capital and Idia Capital also invest
Initiative & Finance appoints Ardian's Pihan as partner
Pihan joins the firm's mid-cap team, which leads the strategy of Tomorrow Private Equity Fund
Andera, Capza reinvest in Octime in minority SBO
Andera (then EdRip) acquired a majority stake in the business along with management in 2016
Buyout rankings: who has invested most across Europe since April?
EQT, Ardian and KKR remained very active and struck sizeable deals amid the coronavirus turmoil
Mutares carves out two units from Gea Group
Deal includes the companies' sites located in France and the Netherlands, with a total of 230 employees
360 Capital to launch €50m Square II fund
360 Square II will deploy equity tickets of €500,000-3m, primarily across France and Italy
Preparing for the turnarounds wave
The much-anticipated wave of distressed opportunities has failed to materialise so far, but market participants are still readying for an uptick
Motion Equity to take Olmix private
GP intends to launch a voluntary offer with the aim of de-listing the company by the end of 2020
LBO France completes FH Ortho trade sale
LBO France acquired the company via its €154m Hexagone III fund in 2014
Sponsor-lender relationship faces stiff Covid-19 test
GPs' relationships with their existing banks and debt funds will remain key to managing the ongoing consequences of the crisis
Eurazeo, IK invest €400m in Questel
Eurazeo, IK and Raise intend to further boost Questel's growth and international expansion in Europe, Asia and the US
LBO France buys majority stake in Prenax
Andera has reinvested and Prenax has acquired LM Information's subscription management business
AnaCap carves out Market Pay from Carrefour in €300m deal
Deal sees Carrefour retain a minority stake, alongside the company's founders, Frédéric Mazurier and Isabelle Clairac
Secondaries update: Unigestion's David Swanson
Secondaries activity is recovering from the initial coronavirus-related shock, with good prospects for GP-led secondaries deals
Naxicap acquires Eureka Education from Abénex, Finoli
Professional and higher education provider pursued a buy-and-build strategy under Abénex's ownership
Ardian bolsters buyout team with five new MDs
Scarlett Omar Broca and Heiko Geissler join in Paris and Frankfurt, respectively
Blackstone Core Equity Partners II closes on $8bn
BCEP II follows a long-hold private equity strategy, with an investment period of 15 years