France
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's Stella Group buys CRH S&A
Stella Group expects to double revenues, of which 45% would be generated outside France
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
Apollo buys 32 supermarkets from The Casino Group for €484m
Deal includes 12 Casino hypermarkets and 20 Monoprix and Casino supermarket properties
Unquote Private Equity Podcast: Ready, debt set, go
Listen to the latest episode of the Unquote Private Equity Podcast, dedicated to the latest developments in the private debt market
Sparring, Socadif buy Cesa-cap in SBO
Management team retains a minority stake in electrical engineering company Cesa-cap
Apicap backs T&T Consulting MBO
Founder and CEO Christophe Janin retains a majority of the engineering and consulting firm
PAI's Ethypharm bolts on Pharmy II Laboratory
Ethypharm acquires pharmaceutical laboratory specialising in the treatment of pain
LP Profile: Munich Private Equity Partners
Unquote catches up with MPEP, which has committed approximately €750m to 70 funds and is currently raising a fund with a target of €100m
Isai et al. in $41m series-B for 360Learning
France-based e-training courses specialist 360Learning is expanding in the US and UK
Raise Investissement exits Nature & Découvertes to trade
In addition to Raise's holding, trade buyer Fnac Darty will also buy the majority stake from the Lemarchand family
BNP Paribas partially exits Nexeya to Hensoldt
KKR-owned Hensoldt will buy some activities of the electronic equipment provider
MBO Partenaires names new head of IR
French mid-cap GP promotes Géraldine Lanthier to the newly created role
Idinvest leads €13m series-A for Alsid
Existing investors 360 Capital Partners and Axeleo Capital also take part in the round
GEI, Nord Croissance back Manganelli
GPs will support the buy-and-build strategy of the audiovisual services specialist
Bet the farm: reaping the rewards in agri-food investing
Investments in the agri-food tech space have bloomed in the past few years, while an increasing number of new players have entered the sector
Andera exits VMI Jokon to management
Marc Laisne and management buy back VMI Jokon, an automotive equipment manufacturer
Idinvest leads $24m round in LumApps
Company intends to use the financing to scale up its team and further expand internationally
PE-backed Addev Materials bolts on Graytone
Addev will focus on synergies from the Graytone project in Europe and the Middle East
GPs get picky on LP-led secondaries
Approved-buyers lists have emerged as a way for GPs to assert their power, but may not become commonplace just yet
Sofina, Idia et al. back La Maison Chapoutier OBO
Sofina, backing the wine producer since 2007, becomes the second largest owner in the business
M80 buys Theuma
M80 backs Theuma, a doors and frames specialist, investing for the first time in Belgium
Ciclad, BPI France et al. back Kyotherm
Fresh capital of €18m will help France-based Kyotherm to grow in domestic market and abroad