France
Private wealth to increase allocation to private equity
High-net-worth individuals and family offices are hunting for yield, concerned about low interest rates and market volatility
ACG Management et al. back ADN Protection MBI
Soprome and BTC Capital also back the takeover of the security services company
Carlyle's Saverglass carves out MD Verre from Vidrala
Saverglass intends to invest €50m over the next three years to convert MD Verre's production
Ardian takes minority stake in S&H
Equity contribution from Ardian and a senior debt package amount to a total of €14m
Amundi PEF launches second Megatendances programme
New programme is structured into several vehicles to attract both retail and institutional investors
VC-backed ImCheck Therapeutics raises $53m series-B
Round is co-led by BPI France and Pfizer Ventures, the venture capital arm of pharmaceutical giant Pfizer
French buyout fundraising soars in 2019
Mid-market and large-cap fundraising pipeline for 2020 also looks promising, but the market remains bifurcated
EQT-backed Saur buys Riventa
Company intends to expand its range of services in the water pump technology segment
Apax France sells Sylpa to ActoMezz-backed management
Sale ends a four-year holding period for Apax France, which owned a stake in Sylpa via Apax Development
European biotech flourishes as US and Asian capital pours in
Attracted by a buoyant industry with a rich pipeline, numerous US and Asian players have entered the market
Alpha appoints Desplanches as managing director in France
In his new role, Desplanches will report directly to Alpha Associés Conseil president Patrick Herman
Idinvest exits Bimedia to trade in €50m deal
Deal ends a four-year holding period for Idinvest Partners, which backed the company alongside Omnes
CIC Private Debt closes CIC Debt Fund 3 on €530m
CIC is also fundraising for CIC Mezzanine & Unitranche 5, which launched in September and held a first closing on €150m
ArchiMed appoints three new partners
Berthoux and Desmottes join as operating partners, while Philips becomes a strategic partner
Fonds Industries et Technologies II to hold final close in H1
Fund, which backs B2B industrial companies, has a €100m target and a €120m hard-cap
Investindustrial closes seventh buyout fund on €3.75bn
Fund targets European companies operating in the consumer, industrial and healthcare services sectors
Meeschaert CP backs ID Systemes SBO
GP launched a small-cap strategy in Q3 to back companies of the size of ID Systemes
GHO Capital closes second healthcare fund on €975m
Fund targets companies operating in the healthcare industry, primarily pharma, medtech and outsourced services
Xerys Funds invests €30m in Biolog-id
France-based sensitive health products business received €50m from Xerys to date
Consortium backs €38.75m series-B for Tissium
France-based wound dressing developer previously raised €30.5m at the series-A stage
Warburg Pincus Global Growth Fund raises $14.8bn
Fund targets companies operating in a wide range of sectors and deploys tickets in the $50-500m range
Level 20 names Pam Jackson as new chief exec
Jackson succedes Jeryl Andrew, who will retire from the role at the end of the year
Argos Wityu to de-list EPC Groupe in take-private
Argos will back the France-based manufacturer and distributor of explosives for civil use
Northzone closes ninth fund on $500m
NZ IX invests primarily in series-A and series-B rounds, financing companies based in Europe and the US