France
Ardian-backed Trigo acquires Lumbee Enterprises
Deal marks Trigo's first transaction in 2018 and is a move to expand its presence in the US
Ekkio buys Calicéo
GP invests alongside management, while founding family Ponteins sells stake in Caliceo
Ares closes fourth direct lending fund on €6.5bn
Final close comes within six months of launch, with the fund oversubscribed for its тЌ4.5bn target
PAI Partners to acquire Asmodee in €1.2bn deal
investment in Asmodee generated 4x money multiple for Eurazeo and yielded 35% IRR
Capital Croissance exits BioBank
Following the deal, Capital Croissance will reinvest in the company by acquiring a minority holding
Momentum Invest holds €101m interim close for maiden fund
Momentum Invest I, targeting France-based and services-focused SMEs, exceeds €100m target
Andera holds €360m first close for Winch Capital 4
Andera's fourth generation SMEs fund is well positioned to hit its €400m hard-cap in Q3 2018
Reshaping the GP shareholding landscape
As the private equity market matures, shareholding structures of GPs are being reshaped, with a number of M&A transactions and minority stake sales
Insight closes 10th fund on $6.3bn
Total is 5% more than the fund's $6bn target and 32% more than the $4.75bn raised by its predecessor
Andera buys Skill & You in SBO
Skill & You investment is the first transaction from the mid-cap vehicle Winch Capital
The Carlyle Group buys LPG Systems
Europe and Asia-focused funds deployed to back France-based LPG, in view of Asian expansion
BNP Paribas, BPI France back BEG Ingénierie MBO
Six managers join the capital structure of French real estate construction company BEG
Amundi acquires stake in Altix
Altix plans on expanding globally in the consumer electronics and automotive electronics markets
Weinberg closes WCP#3 on €295m
Fundraising stops just short of the hard-cap, with the fund at nearly double the size of WCP#2
Seventure nears final close for Digital Opportunities Fund
Seventure is also currently fundraising for its Health For Life II and AVF vehicles
Eurazeo et al. sell PeopleDoc to trade
US-listed Ultimate Software buys France-based PeopleDoc, a cloud-based HR delivery system
CDC International, Mubadala back SFAM
Franco-emirati Fund (FEF), jointly-owned by CDC and Mubadala, was used for the transaction
BlackFin holds €180m final close for tech fund
Having held a first close a year ago, BlackFin Tech Fund 1 surpasses €150m target
OpenGate carves out Gunnebo's France and Benelux operations
Divested divisions include two production sites and the France and Benelux sales companies
Record number of French SBOs and mega-deals in H1 2018
France's year is going from good to great as new figures from Unquote Data show buyout volumes reaching their highest level for a decade
Eurazeo sells Odealim to TA
Sale of insurance brokerage firm Odealim is expected to generate a money multiple of around 2x
Cathay holds €600m first close for Midcap II
Vehicle will provide equity tickets of up to €100m and up to €150m with co-investment
BC Partners' MCS Group bolts-on DSO
Debt management service MCS Group, backed by BC Partners since 2017, buys peer DSO Group
BPI France launches InnoBio 2
BPI France and France-based corporate Sanofi have already made commitments to the vehicle