Southern Europe
BC sells Pharmathen to Partners Group in EUR 1.6bn deal
BC Partners acquired the Greece-headquartered generic pharmaceuticals developer in 2015 for EUR 475m
GP Profile: FSI back on the hunt for deals
CEO Maurizio Tamagnini discusses FSI's approach to the post-pandemic market to identify new investments, and its plans for a second fund
Ermenegildo Zegna merges with Investindustrial-backed Spac
Merged entity will have an anticipated initial enterprise value of USD 3.2bn
EQT to collect non-binding offers for Adamo next week
Ardian is also among the suitors interested in submitting an NBO, one source says
H&F holds USD 24.4bn final close for 10th fund
Large-cap buyout specialist closed its predecessor fund in October 2018 on USD 16bn
One in four LPs willing to trade lower performance for better ESG - survey
ESG-focused LPs "motivated to divest positions in funds where they perceive ESG efforts to be lacking"
The Deals Pipeline
A highlight of deal processes underway and involving PE, either on the buy- or sell-side, across Europe
EQT sells Igenomix in €1.25bn trade sale
Igenomix had a €400m enterprise value at the time of EQT's initial investment in 2019
DN Capital holds final close for fifth fund on €300m
Vehicle surpassed its тЌ200m target and is тЌ100m larger than the firm's fourth fund
Stirling Square acquires Sustainable Agro Solutions
GP intends to support the Spain-based biostimulants producer with market consolidation
Aliante Partners secures preferred equity with Pomona
Deal includes a liquidity option for LPs and a second preferred equity line for add-on acquisitions
Fundraising Report 2021: mapping out the post-Covid landscape
Unquote analyses key trends and presents proprietary data on the European fundraising market
US, UK ranked as most attractive countries for PE investment – study
France makes it into the top 10 for the first time, while Spain also records strong gains
Apollo makes first deal from Impact strategy
Apollo will launch a take-private bid for the recycled cardboard producer on completion of the deal
European PE buyout activity sets new record in H1
Hectic first quarter drove an unprecedented spike in deal activity, while aggregate value is just shy of hitting an all-time high
Investindustrial exits Polynt-Reichhold in buy-back
Asset was expected to fetch around тЌ2.5bn, with Lone Star previously thought to be in exclusivity
Unigestion holds €611m final close for second Direct fund
Fund surpasses its тЌ600m target and is more than 40% deployed
Healthcare buyout value hits new high in first half
Trio of mega-buyouts push the aggregate value of deals to тЌ19.5bn in H1, versus тЌ11bn in H2 last year
The Deals Pipeline
A highlight of deal processes underway and involving PE, either on the buy- or sell-side, across Europe
Cinven buys Arcaplanet from Permira in €1bn-plus deal
Pet care retailer reportedly fetched more than €1bn
Pandemic sinks dealflow in restaurants & bars to 10-year low
Activity in the sector has not yet returned to previous levels, with four buyouts totalling тЌ285m recorded to date in 2021
Ares takes 33% stake in Atlético Madrid
Club shareholders unanimously agree to a €181m capital increase
Artá Capital becomes independent, eyes €400m for Fund III
Management team buys out Corporación Financiera Alba's stake in the Spanish GP
LBO France hires Ethica for Vetroelite exit
Auction for the Italian specialist containers manufacturer is expected to kick off in September