France
Eurazeo's CPK in talks to buy Lutti
CPK, the holding company of Carambar & Co, will buy the France-based sweets producer from Katjes
FnB Private Equity, Agro Invest buy Valade
French PE houses FnB Private Equity and Agro Invest have jointly bought a majority stake in France-based fruit-processing company Valade Groupe.
Partners Group appoints David Layton as co-CEO
Layton, the current head of private equity, will replace Christoph Rubeli from 1 January 2019
PE-backed Vivalto Santé bolts on Capio's French division
French division of hospitals and clinics operator Capio is valued at around €455m
Siparex backs NG Travel in MBO
Olivier Kervella and the management team retain the majority of French tour operator NG Travel
PE-backed IPOs hit nine-year low
Of the 617 European exits so far this year, only 17 have been IPOs, equivalent to 2.7%
Silverfleet holds first close on €110m for smaller fund
Fund has set a target of €250m, which it expects to reach before the end of the year
Weinberg eyes Realease Capital
Andera invested in Realease Capital, a professional equipment leasing company in 2015
European secondaries up 50% year-on-year – report
Western Europe deals saw the largest increase in H1 compared with other geographies, says Setter
IK prepares for minority stake fund launch
IK Investment Partners began registering vehicles for the fund in April earlier this year
French mid-cap seeks new approaches as competition heats up
Buy-backs edge into the French mid-market, as H1 activity hits record highs and entry multiples swell
Felicis closes sixth fund on $270m
Felicis has a global investment mandate and has previously invested in 40 countries
Nystrs considering further European fund commitments
US pension fund has increased the number of active partnerships in its private equity portfolio
Strong exit environment helps drive Pantheon's returns
Sales to corporate buyers were the most significant source of exits, PIP says in its results
Fee structures: adventures in LP flexibility
As private equity continues to outperform other asset classes, some GPs are exploring new fee structures, with mixed results
Hamilton Lane asset footprint hits record high
Firm plans to keep growing its existing funds across primary, co-investment and secondary strategies
Record SBO numbers helped drive buyout dealflow in Q2
Q2 2018 saw 94 buyouts sourced from other GPs, setting a new quarterly record for European private equity
LBO France et al. back Deezer
Consortium of investors injects €160m in France-based music streaming service Deezer
Charterhouse acquires Funecap
Management equally reinvests in funeral service Funecap, which posts an EBITDA of around €40m
HIG's Valtris bolts-on Ineos divisions
Valtris buys France-based Ineos Baleycourt and Benelux-based Ineos ChloroToluenes
Q2 Barometer: European private equity hot streak continues
Average European PE deal value hit a post-crisis peak in Q2, while quarterly volume reached the highest level on record
Ardian's Trigo bolts-on SCSI
SCSI represents the sixth acquisition since Ardian bought France-based Trigo in 2016
Unigrains acquires Mecatherm in €120m deal
With acquisition of Mecatherm, Unigrains plans to strengthen is agricultural network
3i-backed Ponroy buys Densmore
Second bolt-on the group has made since 3i's initial buyout of the business in 2016