France
European fundraises off to healthy start in 2018
Number of fund closes and aggregate capital raised in Q1 is roughly on par with the same period last year, but short of the strong start to 2016
IK acquires controlling stake in Questel
Fresh capital will be used to support the company's international expansion
EdRip completes spinout from Edmond de Rothschild
Fully independent French firm with €2bn in AUM will operate under the name Andera Partners
Ontario Teachers' chief investment officer Graven Larsen resigns
Graven Larsen joined Ontario Teachers' in February 2016 and led the fund's global investment programme
Sofinnova holds €275m close for Crossover Fund 1
Vehicle will focus on biopharma and medical companies with EVs of €50-150m
Naxicap's Technicis bolts on TextMaster
Technicis acquires French online translation service TextMaster with debt from Idinvest
French VC fundraising shifts towards sector specialisation
A number of specialist VC funds have held first or final closes in recent months, bringing distinct advantages and risks in equal measure
PAI Europe VII closes on €5bn hard cap
PAI says it hits its hard-cap after only six months on the road, with a demand of more than €15bn
Carlyle's Comdata bolts on CCA International
Following the acquisition of CCAI, Comdata expects to reach revenues of around €1bn globally
Ciclad in talks to buy Bertin Ergonomie
French GP plans to wholly acquire ergonomics consultancy Bertin Ergonomie via Ciclad VI fund
Secondary buyouts hit 10-year low in Q1
Proportion of deals sourced from fellow PE firms has ebbed back to the level last seen in 2007, according to Unquote Data
BlackFin Capital Partners exits Cyrus
Management team buys back the French wealth management advisory firm, with debt from Ardian
Ardian exits Brico Privé in SBO
Ardian sells its minority stake in the French online DIY and gardening retailer to a fellow institutional investor
Isatis backs Oriental Viandes
Senior debt for the transaction was provided by CIC Est, LCL and Banque Palatine
European entry multiples hit new high in 2017 despite Q4 cooldown
Average EBITDA multiple increased to 10.4x in 2017 compared with 10.2x in 2016, according to the latest Clearwater Multiples Heatmap
Capzanine promotes two in investment team
Clément Colin becomes principal and Emmanuel Fournial is promoted to senior associate
Entrepreneur Venture, Carvest back VM Constructions
Entrepreneur Venture and Crédit Agricole Régions Investissement inject €4.3m for a minority stake
Ardian sells Groupe Bio7 to trade
Buyer Cerba HealthCare is owned by Partners Group and Canadian pension fund PSP Investments
Sofinnova leads €6m series-A for SafeHeal
Fresh capital will be used to develop a clinical and regulatory market access programme for Colovac
Mega-buyout volumes hit post-crisis Q1 high
Combined with Q4 2017, the past six months have represented the most active consecutive quarters for тЌ1bn-plus buyouts since 2007
Gide hires Skadden's Diaz
Diaz will oversee and lead the commission in charge of exploring growth possibilities
Naxicap enters exclusive negotiations to buy ECS
GP is in talks to buy French outsourced airfreight operations service ECS from Alpha
Omnes launches new funds
Omnes Real Tech, Omnes Expansion III amd Mezzanis III expected to hold closes in 2018
Seventure holds first close on €24m
France-based animal nutrition specialist Adisseo is among Seventure's AVF fund investors