France
Tikehau Capital launches €800-875m capital increase
Market cap of French asset management Tikehau Capital stands at €2.183bn as of 17 June
Invest Europe appoints Mid Europa's Baudon as chairperson
New chairperson takes over from DN Capital's Marovac and will serve a one-year term
Eurazeo et al. invest $230m in Meero
Eurazeo invests $56m in France-based Meero, an online platform for photographers
IK Partners backs Recocash SBO
GPO acquires France-based debt servicing market specialist via €550m IK Small Cap II fund
Ergon acquires Haudecoeur
Ergon uses its Ergon Capital Partners IV vehicle, which closed on €580m in March 2019
VC firms back €65m financing for BioSerenity
Fresh capital will be used to develop BioSerenity's products beyond their initial focus
Eurazeo, BPI France et al. invest €70m in PayFit
Previous round for France-based fintech startup PayFit was a €14m series-B in 2017
Qualium and BPI France to invest in EM Lyon
Qualium is currently investing via its second fund, Qualium II, which aims to make majority buyouts
Management due diligence: getting under the bonnet
Almost half of PE investors believe external assessments are the most important method for evaluating a management team
Andera exits Europ Net in management buy-back
Management buys cleaning services provider Europ Net, five years after spinout from Samsic
Partech et al. invest $22.7m in Lifen
In 2018, Daphni and Serena invested €7.5m in Lifen, a healthcare messaging platform
Capgemini and Isai launch €90m Isai Cap Venture
France-based consultancy Capgemini and VC Isai launch fund to back B2B services startups
Capitem exits Novencia in management buy-back
GP sells stake in consulting firm Novencia back to the founding director, who becomes sole owner
Arkéa backs Groupe Vert, bolts on Netvime
Arkéa finances the merger of the France-based eco-friendly cleaning services providers
Andera exits Erget in management buy-back
Erget is the 11th divestment from Andera's Cabestan vehicle, which closed on €113m in 2011
PE-backed Raffin bolts on Maison Milhau
Combined business of meat food products is expected to generate revenues of €80m
Galiena Capital acquires Cameo Energy stake
GP backs the primary buyout of Cameo Energy, a specialist in energy transition services
Vespa Capital backs Le Marché de Leopold MBO
Company’s founder sells his majority stake, while management invests alongside the GP
Advent hits $17.5bn hard-cap for ninth fund
Close puts it just inside the top 10 for largest Europe-focused buyout funds ever
Eurazeo's Sommet Education bolts on Ducasse Education
Portfolio company Sommet buys 51% stake in culinary arts and pastry school Ducasse
Sector specialisation taking hold in Europe
European private equity firms are sharpening their investment focus by restricting the number of sectors they target
Arkéa et al. back Children Worldwide Fashion in SBO
Former majority owner Dzeta PE reinvests in the high-end children's ready-to-wear specialist
Unquote Private Equity Podcast: Generation game
Listen to the latest episode of the Unquote Private Equity Podcast, in which the team discusses new generations working in private equity
Ardian buys minority stake in Uptoo
Ardian will support the recruitment platform in completing strategic acquisitions