Southern Europe
Bain Capital Ventures Fund 2021 raises $1.3bn
Fund intends to focus on digital commerce, fintech, digital healthcare and cloud infrastructure
Itago buys Teknoice
Second deal inked by Itago IV, following its acquisition of a majority stake in SR-Mecatronic
Merieux Participations 4 holds €300m first close
MP4 provides equity tickets of тЌ20-80m, with a sweet spot of тЌ40-45m, targeting the health and nutrition sector
Itago exits Altanova to Esco
With this exit, NEIP III reaps a return of 4.5x on its initial investment
PE-backed IPOs on track for best year since 2017
This year has already seen 26 portfolio companies listing, with a total offering volume approaching тЌ12.7bn
Alcedo exits Swisscare to Nahrin
Sale ends a five-year holding period for Alcedo, which acquired a 55% stake in Swisscare from its founders
Management buys majority stake in Aurica Capital
GP is currently investing its third fund, which is dedicated to growth capital investments in mid-market companies
OpenGate heads for third fund launch targeting up to $700m
GP is currently investing its second fund, which held a final close on $585m in November 2019
IGI buys OME Group
GP invests in the company via IGI Investimenti Sei, which held a €170m final close in July 2020
Neuberger Berman launches ELTIF
Fund focuses on buyout opportunities blended with some growth and structured equity
Q1 Barometer: Total European deal value reaches new decade high
The latest Unquote Private Equity Barometer, produced in association with Aberdeen Standard Investments, is now available to download
Top Tier Capital closes European fund on €260m
Fund makes primary and secondary investments in venture capital funds and co-investments in select portfolio companies
Wise Equity invests in Selle Royal
GP backs the company via its fund Wisequity V, which closed on its €260m hard-cap in July 2019
Oxy Capital backs GPack
Deal includes the restructuring of around €60m in debt and the injection of fresh funds, as well as managerial support
The Deals Pipeline
A highlight of deal processes underway and involving PE, either on the buy- or sell-side, across Europe
Alpha appoints Zanotelli as director in Italy
In his new role, Livio Zanotelli will focus on identifying new investment opportunities across Italy
Neuberger exits Service Med to MedicAir
GP sells its 75% stake in the medical company, controlled via Atlante Private Equity Fund
Neo Investment exits restaurant chain Obicà
Sale ends a nine-year holding period for Neo Investments, which acquired a 52% stake in Obicà from the company's founders
Abingworth Clinical Co-Development Fund 2 closes on $582m
ACCD 2 finances the development of late-stage clinical programmes of pharmaceutical and biotechnology companies
Capza 5 Flex Equity Fund closes on €700m
Fund offers flexible financing that combines majority and minority equity, convertible bonds and mezzanine
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
Azimut buys 30% stake in VC house P101
With this partnership, Azimut and P101 intend to develop a European platform to fuel the growth of innovative companies
KPS buys aluminium specialist Metra
GP invests in the business via KPS Special Situations Mid-Cap Fund, which closed on $1bn in October 2019