France
Yotta holds first close on €101m for Smart Industry Fund
Vehicle has a target of more than €120m and has received commitments from BPI France and EIF
Andera acquires two services companies from Salini
Deal is GP's 13th investment from €165m vehicle Cabestan Capital II, which closed in 2016
BIP Capital backs La Boutique Officielle
Arkéa Capital, BNP Paribas Développement, Azulis, Time for Growth, Cadipa and Showcase invest alongside BIP
Eurazeo acquires the remaining capital of Idinvest
This additional purchase is a provision in the agreement struck by the two firms in 2018
Naxicap, Impala make bids to acquire Ales
Ales Groupe was put into receivership by the Commercial Court of Paris in July 2020
Ardian backs smart city specialist Wintics
Company plans to use the fresh capital to scale up its technology and accelerate its expansion
LBO France completes sale of EI-Technologies to trade
French GP invested in the company in 2008 through its venture fund
Bridgepoint Development Capital IV hits £1.5bn hard-cap
Fund exceeds its £1bn target after around eight months on the road, Unquote understands
Oaktree Capital buys Stade Malherbe Caen
GP invests in the company alongside French entrepreneur Pierre-Antoine Capton, who is appointed as chair
Ambienta opens Paris office, hires two new partners
Gwenaelle Le Ho Daguzan is appointed as partner in France and Hans Haderer in Germany
FIEE holds €127.5m first close for second fund
Fund targets the energy efficiency, renewables, lighting, co-generation, pollution control and smart city sectors
Muzinich Pan-European Private Debt II holds €210m first close
Fund provides capital to lower-mid-market companies to fuel their growth and finance their expansion strategy
Unquote Private Equity Podcast: H2 Preview
The Unquote Podcast gathers the whole team this week to go over H1 statistics, look at early recovery signs and share insights from across Europe
Multiples Heatmap: pricing ticks up as GPs flock to safe assets
Although dealflow was severely impacted by Covid-19 in Q2, average entry multiples actually went up given the scarcity of attractive opportunities
EQT Infrastructure in exclusivity to acquire IK's Colisée
During IK's three-year holding period, the company tripled in size, according to a statement
ArchiMed closes MED Platform I on €1bn
Oversubscribed fund closes above its €800m target after a couple of years on the road
Panakes to launch €120m second fund within months
VC expects to start raising capital by the end of the year and hold a first close in H1 2021
Ardian's Unither buys Chinese pharma company NRB
With this acquisition, Unither plans to accelerate the development of its business in China
Q2 Barometer: Coronavirus ravages European M&A market
After the first effects of the Covid-19 crisis were felt in March, the European private equity market decelerated sharply in Q2
HSBC Vision Private Equity 2020 closes on $260m
Fund targets a variety of private equity opportunities, from primaries and secondaries to direct co-investments
OakNorth Bank provides fund facility to BlueGem
Key investors include Glendower Capital, Blackstone's Strategic Partners and BMO Global Asset Management
STIC Investment, SoftBank Korea et al. acquire Systran
Fresh capital will go towards increasing delivery speed and geographic footprint
Calao Finance backs acquisition of Raidlight-Vertical
Raidlight and Vertical were since 2016 owned by Rossignol Group, a French winter sports group, which is owned by PE firm Altor
Antin to buy PE-backed Babilou
Company's founders Rodolphe and Edouard Carle will retain a minority stake in the business