France
Ace, CM-CIC sell Spring Technologies to trade
Sweden-based Hexagon, a specialist in Autonomous Connected Ecosystems (ACE) buys Spring
Cerberus buys WFS in €1.2bn SBO
Sale ends a three-year holding period for Platinum Equity, which bought the company from LBO France
Amundi PE et al. back EMP Rotomoulage MBI
Brothers Cyril and Samuel Delamaire sell their stakes in the French plastic parts manufacturer
MBO Partenaires buys BCF Life Sciences
GP takes over from Céréa Capital and Sodero Gestion, investing alongside management
PE-backed SGH Healthcaring buys Rovipharm and RR Plastiques
SGH Healthcaring's double-acquisition is supported by a Bluebay financing package
France Invest seeks to capitalise on Macron's reforms
Trade body's newly appointed chair discusses plans to capitalise on reforms and bolster the popularity of the PE ownership model
KKR et al. acquire stakes in Altice telecoms towers
KKR Infrastructure buys 49.99% of new company SFR TowerCo, with an EV of €3.6bn
Omnes et al. in series-B round for Tiller
GPs will provide a €12m equity ticket and can deploy up to €8m in the next 18 months
Q1 entry multiples drop to lowest level since Q1 2016
PE deal valuations drop for the third consecutive quarter, as the Nordic region continues to see the highest entry multiples
Irdi Soridec, Axeleo Capital back Adagio
First round of funding from VC firms sees the startup rebrand from Onfocus to Adagio
MBO Partenaires buys-back Groupe LT
GPs Arkéa Capital, Amundi Private Equity and CEO Eric Van Acker acquire minority stakes
Trocadero et al. back Escalotel
Consortium of investors acquire the family-owned AccorHotels franchise business
FNB Private Equity buys Sud-Ouest Lartigue et Fils
French GP completes its second investment while approaching a final close for its maiden fund
CVC's Delachaux foregoes IPO, acquired by CDPQ
Although an IPO price range was announced last week, CDPQ ultimately acquires the business
Argos acquires Factum from Naxicap et al.
Deal for the equipment leasing company brings to an end an 11-year holding period for Naxicap
Ardian's Gaillard takes over as France Invest chair
Dominique Gaillard will chair the French PE trade body for two years, taking over from Olivier Millet
Omnes et al. back Mistral MBI
Transaction is the first investment from Omnes Capital's small-cap Omnes Expansion III fund
Omnes holds €30m first close for Omnes Expansion III
Omnes' third small-cap vehicle receives €30m in commitments from historic backer LCL
Isatis Capital, Entrepreneur Venture back Everwin MBO
Management team acquires a majority stake in France-based software publisher Everwin
US investors lag behind Europe on responsible investing – report
Survey finds that 47% of European-based institutional investors have established an RI policy
Alpha PE hires Quinn as IR and fundraising director
Helena Quinn was previously private equity leader at fund services firm SGG
Cobalt Capital sells Eurodommages in SBO
Qualium Investissement to buy Eurodommages, a France-based automotive insurer
Co-investment: Dancing to a new tune
Co-investment has evolved from a value-add into an industry staple, but debate remains as to whether the strategy favours LPs and GPs equally
Eurazeo et al. invest in Back Market
Investors inject €41m into Back Market, a retailer of refurbished electronic devices