France
Q1 Barometer: Price mismatch knocks dealflow
European buyout activity fell to its lowest point since Q1 2016 in the first quarter of 2019, but a large-cap rebound bolstered aggregate value
France-based Apax Partners hires de Cardes
De Cardes has 20 years of operational experience in TMT and joins the development team
PE-backed Vitale Assistance buys Groupe 3iD
Vitale bolts on provider of emergency assistance and renovation services Groupe 3iD
Omnes et al. back Camerus, which bolts on Lign'Expo
Furniture rental company Camerus's buyout coincides with the bolt-on of domestic peer Lign'Expo
21 Invest France et al. inject €8m in DGF
French food distributor DGF plans to continue its buy-and-build strategy with fresh capital
Cathay et al. in $38m series-B for ride-hailing app Heetch
Existing shareholders Idinvest, Alven, Felix, InnovAllianz and Via-ID also take part in the round
Global LPs boost French mid-market fundraising
Country's macroeconomic outlook has played a vital role in boosting investor confidence in France since 2016
Bain's Autodistribution bolts-on AD Bosch
France-based Autodistribution buys a 75% stake in Spanish family-owned AD Bosch
European direct lending up 9% but turbocharged growth wanes
Rate of growth in alternative debt deals slows from 32% in 2017, according to Deloitte's Alternative Lender Deal Tracker
LFPI sells CMG Sports Club to trade – reports
GP acquired asset in 2016 to help face competition from low-cost fitness club chains
Unquote Private Equity Podcast: Karmic balance sheets
Listen to the latest episode of the Unquote Private Equity Podcast, in which the team discusses recent developments in the impact investment space
DC promotes six to managing director
Promotions include two members of the Paris-based team and four in DC's London office
Figuring out the ESG middle-ground
How can managers draft a policy that does not result in paralysis by over-analysis?
Nord Capital sells Expert Habitat & Industrie to trade
Minority investor Nord Capital exits French construction company Expert Habitat in trade sale
Abénex sells Cisbio Bioassays to trade
Abénex exits France-based biotechnology company Cisbio after three years of ownership
3i's Valorem bolts on Force Hydraulique Antillaise
PE-backed Valorem will support the conversion of FHA's pipeline into operational plants
Elaia et al. invest €25m in Fretlink series-B
Fresh capital will help Fretlink open new offices in Europe and pursue recruitment efforts
NextStage, MI3 invest €17.7m in Bagatelle
Bagatelle currently operates 10 restaurants, plans to open 15 more in the next five years
21 Invest France acquires FMA Assurances
21 Invest France invests in French companies providing tickets in the €20-50m range
Capzanine to sell Pierre Guérin to trade
GP bought a stake in Pierre Guérin in 2017, after being a shareholder from 2006-2012
VCs sell Drivy to Getaround in $300m deal
Combined company now spans 300 cities in the US and Europe and serves five million users
French education deals offer a valuable lesson
Investment activity in the French education sector continues to look strong after a bumper 2018, with multiples heating up accordingly
PAI to buy Elior's Areas in €1.54bn deal
Proceeds of the Areas division sale will be used to reduce Elior's leverage ratio
Mutares to buy TrefilUnion from ArcelorMittal
Carve-out transaction sees special situation investor Mutares buy France-based TrefilUnion