France
Andera, Capital Croissance sell stakes in Snadec
Deal sees Aumndi and LFPI invest in French decontamination and asbestos removal specialist
Unquote Private Equity Podcast: Cloudy with a chance of slowdown
Listen to the latest episode of the Unquote Private Equity Podcast, in which the team discusses H1 stats and looks ahead
Apax France hires DC Advisory's Hamou as TMT partner
Hamou joins from DC Advisory, where he was co-head of the business in France since 2012
Qualium backs Magnolia.fr MBO
GP invests in French online insurance brokerage, while management retains a majority stake
Ardian closes fifth co-investment fund on $2.5bn
Ardian Co-investment V is more than double the size of its predecessor, which closed in 2015
Summit, Alven et al. invest $46m in Akeneo series-C
New funding will support Akeneo in its product development and recruitment efforts
Morningside leads €39m series-B for biotech company Inotrem
Invus, Andera Partners, Sofinnova Partners and BiomedInvest also take part in the funding round
Ciclad buys back FrogPubs from Amundi PEF
GP invests via its Ciclad VI fund, which held a final close on €180m in September 2018
Amundi, BPI France, Socadif invest €115m in Wifirst
GPs carve out France-based Wifirst, an internet access provider, from the Bolloré Group
Secondaries volume up 25% in H1 – research
Setter Capital's latest research reveals a sizeable uptick in private debt deals, though private equity secondaries still dominate the market
Capza acquires a minority stake in Audensiel
GP will support international expansion and organic growth of the digital consultancy
Highland Europe, Alven et al. invest £45m in JobTeaser
GPs will help French recruitment and career expert JobTeaser to strengthen its network
PE consortium and Sogecap invest in Primonial
Deal sees PE firm Bridgepoint reduce its shareholding in Primonial from 56.1% to 35%
Weinberg carves out ISS Hygiene et Prevention
Investment in the provider of hygiene and prevention services is the third deal for WCP#3 fund
Sagard to launch fourth fund in Q1 2020
French GP Sagard targets a €800m final close for its fourth generation buyout vehicle
Index leads €35m round for Spendesk
Spendesk is a spend management platform for business and has now raised €45m in funding
Sagard to acquire Sterimed in SBO
During Meeschaert Capital Partners' ownership, Sterimed expanded internationally
GP-stake sales controversial among LPs
LPs are naturally reticent about their GPs selling stakes in themselves, as emphasis to boost profits from management fees strengthens
Montefiore invests €18m in Digilinx
GP will help the France-based B2B networking events organiser with international expansion
Experienced Capital backs Oh My Cream
French cosmetics business, founded in 2013, expects to generate revenues of €13m in 2019
Buying and building the modern school
Investments in European private schools and colleges have proven enriching for PE over the past two decades
Apollo and BPI France-backed Verallia announces IPO
IPO document of glass packaging producer Verallia attains regulatory approval
Experienced Capital holds first close on €70m for ECP II
French GP's maiden fund held a final close on €78m in 2016, while ECP II has a €150m target
Andera exits Star Service in SBO
Exit is the 14th sale of Andera's Winch Capital 2, out of a portfolio of 17 companies