France
Ardian backs Argon & Co
GP deploys capital from Ardian Growth II, which closed on €230m in April 2018, surpassing its target
Altamar holds first close for €750m secondaries fund
ACP 4 targets the growing market for GP-led secondary transactions
Tech, IT and software valuations remain stable – survey
Report from GCA Altium tracks the effect of the coronavirus crisis on listed technology companies
Warburg Pincus invests in ArchiMed-backed Polyplus
ArchiMed and Warburg will be equal shareholders, while the management of Polyplus will retain a minority
Omers Ventures Fund IV closes on $750m
Fund targets growth-orientated, disruptive technology companies based across North America and Europe
Partech closes third seed fund of $100m
Partech Entrepreneur III surpasses its original target of $80m
Index Ventures raises $2bn across two new funds
Index Ventures Growth V, which targets later-stage companies, raises $1.2bn, while Index Ventures X closes on $800m
LocalGlobe leads €4m round for Libeo
Funding round also sees participation from existing investor Breega and several business angels
Nord Capital exits Stadline to trade
Sale ends a five-year holding period for Nord Capital, which controlled a minority stake in the company
Perwyn backs Hea Expertise; IDI reaps 35% IRR
Deal ends a three-year holding period for IDI, which owned a 40% stake in the company
Ardian buys minority stake in Euro 4x4 Parts
Auto parts retailer also announced the bolt-on of B2B-focused market peer Japocat
Flexstone appoints new head of secondary investments
Flexstone closed secondaries and co-investment-focused Select Opportunities II on €300m in July 2019
Market braces for 12.6% drop in valuations by Q2 – report
NAVs expected to drop for Q1, with a steeper mark-down for Q2 as the crisis take its toll
Kartesia buys International Cookware from Aurora Resurgence
Sale ends a six-year holding period for Aurora, which acquired the company from Arc International Group
Audacia exits burger restaurant chain PNY
French PE firm Audacia invested in burger restaurants operator Paris New York in 2013
Unquote Private Equity Podcast: Fund financing in a fix
The Unquote team looks at how PE managers are turning to fund financing in a bid to shore up their portfolios
Chequers Capital carves out EBC from Econocom
GP is currently investing its Chequers Capital XVII fund, which closed on €1.1bn in May 2017
Oaktree backs Asacha Media, creates TV production group
With support from Oaktree, Asacha is currently in negotiations to acquire additional production companies
Essling refocuses on co-invest and LBO, as co-founder departs
Michele Mezzarobba leaves the firm having co-founded it in 2017
KKR expects lower valuations for its portfolios due to Covid-19
GP forecasts that emergency restrictions will challenge its ability to market new funds and strategies
EC launches €300m platform Escalar
In its pilot phase, Escalar will provide up to тЌ300m, backed by the European Fund for Strategic Investments
Parquest, BPI France back JVS in OBO; Apax exits
Apax Partners, UI Gestion and the company's founders exit the investment
Crescent European Specialty Lending Fund II closes on €1.6bn
CESL II invests in a diversified portfolio of private secured debt issued by European companies
Secondaries players hold fire despite copious dry powder
Market is likely to pause until Q2 2020 valuations are released, potentially leading to a flurry in Q4