Southern Europe
Tikehau, Unilever, Axa form EUR 1bn impact fund
Each party has made a EUR 100m commitment and the agriculture-focused fund is now open to new LPs
Schroders gears up for new VC fund-of-funds
Schroders Capital Private Equity Global Innovation Management XI has been registered in Luxembourg
Ergon holds EUR 800m final close for Fund V
New EUR 800m fund is almost 40% larger than its EUR 580m, 2018-vintage predecessor
Permira exits Althea to F2i and DWS
Deal will see the Italian group broken into two, with DWS owning the UK arm and F2i the Italian assets
Bregal Unternehmerkapital acquires Italgel
Specialty gelatine and collagen-based ingredients producer is the GP's second deal in Italy
Seaya launches EUR 300m sustainable venture capital fund
Seaya Andromeda held first close on EUR 130m backed by Iberdrola, Nortia and Fond-ICO Next Tech
Squire Patton Boggs makes France and Italy partner hires
Anthony Guillaume and Benjamin Marché join the Paris team, while Sara Belotti joins in Milan
Aksia and Alcedo in race for ready-meal producer Richetti
Italian company admitted a total of three parties to the second round of its KPMG-led auction
Alcedo exits Duplomatic in trade sale to Daikin Industries
Japanese group will pay EUR 220m for Italian valves and pumps maker, which saw revenues more than double since sponsor’s entry in 2017
Stirling Square gears up for fifth fund
Fund registration comes just over two years after the EUR 950m final close of Stirling Square IV
Chequers weighs sale of textile chemicals maker Bozzetto
Sponsor will be advised by Lazard on the upcoming auction for the Italian producer of polymers and resins
Progressio exits Save the Duck to L'Occitane bosses
New owners pre-empted sale process for the Italian animal-free clothing brand; deals marks the second exit by Progressio’s Fund III
EQT sets Fund X hard-cap at EUR 21.5bn
GP is also on the road for funds including its EUR 4bn, impact-focused EQT Future Fund
Alantra bolsters private debt team with new appointments
Hires include managing directors Alberto Pierotti and Jean-Philippe Lantrade
The Bolt-Ons Digest – 19 April 2022
Triton's All4Labels; Committed's MR Marine; Goldman Sach's Advania; Main Capital's Perbility; and more
Investindustrial sells Neolith to CVC VIII
During Investindustrial tenure Neolith posted EUR 145m in revenues in 2021 and an EBITDA CAGR of approximately 20%
EQT pauses LimaCorporate auction
Sponsor is expected to reassess options for the Italian orthopaedic prosthetics producer after new CEO appointment
European PE fundraising forges ahead amidst macro uncertainty
Unquote explores LP preferences, GP behaviour and the challenges ahead in what many expect to be a record fundraising year
Advent buys IRCA in SBO from Carlyle
Bakery ingredients firm has a reported EV of EUR 1bn and is expected to post 2022 EBITDA of EUR 75m
European Q1 deal value drops amid market volatility
Buyouts in the first quarter fell to EUR 62bn, the lowest level since the recovery from the pandemic started
Clearwater Multiples Heatmap: UK and Ireland deals pass 14x mark in Q4
With PE buyouts in Europe shattering records again in 2021, average multiples continued to move up in Q4
Specialist healthcare funds on track for another record year
GPs raised EUR 4.4bn with swelling need for healthcare investment but could face challenges in keeping a disciplined deployment
The Bolt-Ons Digest – 1 April 2022
NorthEdge's Correla; LDC's Omniplex; QPE's Encore; Cinven's Barentz, Tenzing's Jeffreys Henry, and more
AP Moller, Biogroup among final bidders for Waypoint's Affidea
Final offers for the pan-European outpatient group are expected in a couple of weeks