Southern Europe
PAI buys Pasubio from CVC
CVC bought Pasubio in 2017 through its CVC Capital Partners VI fund
Healthcare valuations heat up as high-profile assets crystallise competition
Healthcare sector saw multiple valuations pick up in Q1 2021 and hit a record high of 13.7x
Oakley Capital acquires Primavera for Ekon merger
GP invests via Oakley Capital III fund, will combine the asset with existing portfolio company Ekon
Unquote Private Equity Podcast: Fundraising full steam ahead
With record amounts of capital raised in 2020 and a roaring start to 2021, it seems not even a pandemic could slow the momentum of PE fundraising
PE deal-making surge of 2021 could break one more record
Recent trends in the mega-deal segment indicate that the Alliance Boots buyout of 2007 is a record that is close to being broken
BIP on look-out for targets following CVC investment
CVC acquired the Italian management consulting and business integration service earlier this month
VC fundraising enjoys strong 2020 vintage, sunny prospects
With record amounts of capital raised for the strategy, venture capital fundraising does not appear to have been slowed by the pandemic
Clessidra holds €270m first close for fourth fund
Clessidra Capital Partners 4 was launched in November 2020 and has a €500m target
Equita targets €140m for Italian SME fund
Equita Smart Capital – ELTIF is open to both institutional investors and select retail clients
The Deals Pipeline
A highlight of deal processes underway and involving PE, either on the buy- or sell-side, across Europe
Investindustrial sells Sergio Rossi to Chinese fashion group Fosun
Sale ends a six-year holding period for the GP, which acquired the company from Kering via Investindustrial V
DN Capital's Global Venture Capital V surpasses €200m
GVC V targets seed and series-A investments in the software, fintech and online marketplace sectors
Riello's Impresa Italia II holds €73m first close
Impresa Italia II targets Italian mid-market companies and specialises in providing senior and junior loans
Balderton holds final close for $680m debut growth fund
GP's previous vehicles have targeted earlier-stage primary and secondary venture deals
Miura backs agricultural insurance broker Banasegur
With this acquisition, the GP intends to pursue a consolidation project in the insurance brokerage sector
Tikehau-backed Ace Aerofondo IV raises €100m
Fund invests in mid-market companies active in the Spanish aerospace and defence sector
Investindustrial backs Targa Telematics
GP invests in the company via Investindustrial VII, which held a final close on €3.75bn in November 2019
VC-backed Wallbox goes public through $1.5bn SPAC merger
Transaction will result in proceeds of around $330m and will be completed in the third quarter of 2021
Unquote Private Equity Podcast: Pandemic premiums
Following the publication of the Q1 2021 Multiples Heatmap, Unquote welcomes Clearwater's executive team to discuss pricing trends
KPS buys industrial machinery forge Siderforgerossi
GP invests in the company via KPS Special Situations Mid-Cap Fund, which closed on $1bn in October 2019
Pollen Street Capital IV raises £560m, close to surpass target
PSC IV invests in lower-mid-market companies across the financial and business services industries
Alantra holds €80m first close for energy transition fund
Klima buys minority stakes in fast-growing companies that aim at accelerating energy transition
Cerea Mezzanine IV holds €215m first close
Fund invests in small- and mid-cap companies operating across the food and beverage value chain
Alto Partners backs Diatech
GP invests in the company via Alto Capital IV, which held a final close on its €210m hard-cap in April 2018