Nordics
Debt funds celebrate strong dealflow following Covid stress-test
Direct lenders now see shift away from refinancings and towards new deals, including 2020 processes coming back to life
YielCo holds closes for PE and co-investment funds
YielCo Special Situations Europe II is targeting тЌ300m; YielCo Defensive Investments targets тЌ150m
Gilde Healthcare buys majority stake in Klifo
Gilde Healthcare has now made five investments from its Gilde Healthcare Services III fund
IK sells Hansen Protection to PE-backed Survitec
IK acquired the protective clothing and equipment producer from Montagu in 2013 via IK Fund VII
Park Square Capital Partners IV closes on €1.8bn
Fund invests in primary and secondary subordinated debt in both performing credit and dislocated debt
European PE exits back to historic highs in Q1
Greater visibility on the pandemic's impact, attractive comparables and PE's strong appetite on the buy-side embolden managers
Founders Circle closes third fund on $355m
Fund deploys flexible capital to meet the needs of growth-stage companies and support their expansion
Fundraising fortunes: prevailing LP preferences persist
Alessia Argentieri looks at the winning strategies, and gathers insight from placement specialists as to what the rest of 2021 has in store
Tikehau's SPAC Pegasus raises €500m
Tikehau, FinanciУЈre Agache, Jean-Pierre Mustier and Diego De Giorgi commit to invest a total amount in excess of тЌ165m
Ares closes Ares Capital Europe V on €11bn
Ace V is Ares' largest institutional fund yet and is 70% larger than its тЌ6.5bn predecessor
Novo Seeds, Ysios Capital lead €51m round for Adcendo
RA Capital Management, HealthCap and Gilde Healthcare also take part in the round for the biotech startup
Endeit Capital holds final close for third fund on €250m
Fund II closed on тЌ125m in 2016; Fund III will continue to invest scale-up capital in European startups
CPPIB, Fidelity lead €262m series-D round for Kry
Company was founded six years ago and has so far raised nearly тЌ500m over five rounds
PE-backed Hemnet lists in €1.15bn IPO
General Atlantic and Sprints Capital, which previously owned 60% and 17%, will remain as Hemnet's largest owners with around 41.1% and 11.8% shareholding, respectively
Triton acquires Geia Food from Credo Partners
Credo exits the company after acquiring a 55% stake in Geia in 2017
DevCo acquires minority stake in Bluefors
GP is deploying equity from DevCo Partners III, which raised тЌ180m at the end of 2019
Digital Alpha Fund II closes on $1bn
Fund invests in digital assets, with a focus on next-gen networks, cloud computing and "smart cities"
Columbus Life Sciences Fund III closes on €120m
Fund invests in early-stage and high-growth opportunities across the life sciences and pharmaceutical industries
EQT closes ninth buyout fund on €15.6bn
Vehicle was launched in January 2020 and is already 40-45% deployed
AlpInvest Co-Investment Fund VIII closes on $3.5bn
ACF VIII invests alongside GPs in private equity buyouts and growth capital transactions across a variety of sectors
Endeavour Vision closes Medtech Growth II on $375m
Fund is 30% larger than its predecessor and will continue to focus on medtech growth investments
Jolt, Tesi et. al in €30m round for Virta
With the funding, the Finnish company will seek to expand into Asia, which it said was one of the largest markets for EV charging alongside Europe and North America
Cusp Capital announces €300m debut fund
Newly launched VC is led by former Tengelmann Ventures partners and managing directors
Verdane appoints sustainability expert Osmundsen as partner
Erik Osmundsen will be responsible for strengthening Verdane's capabilities in sustainability