France
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
CM-CIC, Sodero back Cine Digital Service MBO
MBO sees newly appointed managers Cédric Aubert and Etienne Roux acquiring stakes
Iris leads €15m series-A for Exotec
Existing investors 360 Capital Partners and Breega Capital also take part in the financing
VC fuels Europe's journey towards self-driving future
Despite the long-term nature of investing in autonomous vehicles and high barriers to entry, fund managers are finding routes into the segment
LBO France buys My Media Group
GP draws capital from White Knight IX to invest in the French communications group
Ring Capital holds final close for €165m maiden fund
Vehicle surpasses its €150m target, having held a first close in January on €140m
Idinvest hires former Balderton principal Debock
Investment director Debock will follow venture capital investments in France and Europe
Ardian, Edmond de Rothschild exit Siaci Saint Honore
Charterhouse takes over, acquiring a minority stake in the insurance brokerage business
Ardian divests Diam in management buy-back
Management acquires a majority stake while BNP Paribas Développement retains a minority
Siparex, Desjardins hold Transatlantic Fund first close
Co-managed fund will target French and Quebec-based small and medium-sized enterprises
KKR's Smidt steps down
Head of industrials and energy Smidt left at the end of May, and has been replaced by Edouard Pillot
LT Capital holds €60m first close, aims for July final close
GP, which span out from Paluel Marmont Capital, expects to hold a final close on around €100m
LT Capital invests in Groupe Leader Insurance
First investment for the LTC III vehicle, which is due to close on €100m in July