Southern Europe
PSG eyes second European fund
PSG Europe II has a EUR 2.5bn target; its predecessor closed on its EUR 1.25bn hard-cap in 2021
Alantra poaches Carlo Dawan from GCA Altium
While Stefano Bellavita has been promoted to head of ECM
Gilde Buy Out rebrands as Rivean Capital
GP plans to pursue its existing investment strategy, targeting EUR 100m-500m EV European companies
BlackRock eyes new Secondaries & Liquidity Solutions fund
Strategy makes global mid-market secondaries deals and provides liquidity at GP level
BC Partners preps Forno d'Asolo for upcoming sale
Auction of Italian frozen baked goods company is expected to launch in June
UCB, Ysios lead EUR 50m Series A for SpliceBio
Round for the gene therapy specialist is the largest ever Series A for a Spanish biotechnology company
Astorg closes Mid-Cap Fund on EUR 1.3bn
Fund will target EUR 150m-500m EV deals, expanding on Astorg’s current flagship strategy
Lightrock gears up for Climate Impact Fund
Impact investing GP raised USD 900m for its Lightrock Growth Fund I vehicle in 2021
Bain explores strategic options for Fedrigoni
Review of options for the Italian producer of speciality papers and self-adhesive labels could lead to a minority stake sale or an IPO
Henko Partners prepares to hit fundraising trail next year
Spanish GP will target EUR 140m-EUR 150m for new fund, with debut vehicle expected to be fully deployed by end-2023
Apax gears up for Fund XI
Apax Partners' USD 11bn predecessor flagship fund was 64% deployed as of September 2021
Livingstone hires Abad as new partner in Spain office
Eleuterio Abad will bolster the team in Spain and support activity and opportunities in the market
Nuveen closes impact fund on USD 218m
GP could return to market for Fund II in 2022 or early 2023 given current deployment opportunities
Investindustrial taps Bank of America, Baird for CEME auction
Sale documents for the fluid-control equipment maker are expected in March
BC Partners announces EUR 6.9bn fundraise for BC XI
Final close fell below the original target; GP expects to return to market for its next fund in H2 2023
PE impact fundraising surpasses EUR 4bn in 2021
Figures from Unquote Data reflect the increasing prevalence of impact and impact-driven deals
Abac exits PronoKal to Nestlé Health Science for EUR 100m
GP first bought 100% of the share capital in 2017
HIG acquires screws and bolts distributor Berardi Bullonerie
The investment will support an acquisition strategy to accelerate growth
Access Capital registers ninth growth buyout fund
Fund-of-funds strategy makes primary and secondaries deals, backing funds investing in European SMEs
Coller to close USD 1.4bn debut credit secondaries fund
GP launched its first dedicated secondaries fund in May 2021 and has commitments from around 30 LPs
Split the difference – corporate divestitures set records
Firms have taken advantage of favourable conditions for M&A, including cash-rich and ever-bolder PE funds
EMEA M&A surges in 2021
More than 10,500 M&A deals were recorded in 2021, worth a combined USD 1.54trn
FSI buys 60% of Iccrea's digital payments arm at EUR 500m EV
Carve-out deal is the ninth investment from FSI I, which closed on EUR 1.4bn in February 2019 and is now 75% deployed
Softbank Vision Fund leads EUR 200m Series D for Paack
Paack, now valued at EUR 1bn, has pledged to be the first delivery service to be 100% emission-free