Southern Europe
YielCo holds closes for PE and co-investment funds
YielCo Special Situations Europe II is targeting €300m; YielCo Defensive Investments targets €150m
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
Park Square Capital Partners IV closes on €1.8bn
Fund invests in primary and secondary subordinated debt in both performing credit and dislocated debt
NB Aurora buys 30% stake in Veneta Cucine
Investor plans to boost Veneta Cucine's growth, consolidate its market position and further bolster its expansion
Xenon closes small-cap fund on €85m
Xenon Small Cap Fund is dedicated to investments in Italian companies generating EBITDA of up to €3m
European PE exits back to historic highs in Q1
Greater visibility on the pandemic's impact, attractive comparables and PE's strong appetite on the buy-side embolden managers
Seco floats in €397m IPO
Sellers include FII, which owns a stake in Seco via its Fitec fund, and the company's founders
Hg sells EidosMedia to Capza
Sale ends a six-year holding period for Hg, which acquired a majority stake in Eidosmedia firms Wise and Aksia
GP Profile: Quadrivio plots busy investment schedule for 2021
Quadrivio co-founding partner and CEO Walter Ricciotti discusses the firm's latest fundraises, portfolio performance and upcoming investment pipeline
Founders Circle closes third fund on $355m
Fund deploys flexible capital to meet the needs of growth-stage companies and support their expansion
Fundraising fortunes: prevailing LP preferences persist
Alessia Argentieri looks at the winning strategies, and gathers insight from placement specialists as to what the rest of 2021 has in store
Meridia exits food ingredients producer Sosa
This is the second exit inked by the GP's debut fund, Meridia Private Equity I, following the sale of KIpenzi
Tikehau's SPAC Pegasus raises €500m
Tikehau, Financière Agache, Jean-Pierre Mustier and Diego De Giorgi commit to invest a total amount in excess of €165m
Greyhound leads $160m series-D for TravelPerk
This injection, which includes both equity and debt, brings the total capital raised by TravelPerk to date to $294m
Ares closes Ares Capital Europe V on €11bn
Ace V is Ares' largest institutional fund yet and is 70% larger than its €6.5bn predecessor
Corpfin sells Secna to EQT's Chr Hansen
Sale ends a six-year holding period for Corpfin, which bought a 51% stake in the company via its €255m fund IV
Capza closes fifth debt fund on €1.6bn, prepares new launch
Fund invests in SMEs with EBITDA of more than €12m, providing unitranche and mezzanine
Bain sells Fedrigoni's security business to Epiris's Portals
Sale comprises Fedrigoni's facilities specialised in the production of security paper for banknotes and documents
Arcline buys PTS from Columbus
Arcline intends to boost PTS's growth through the expansion of its production and its technology portfolio
Metrika buys machinery business Robor
This is the second deal made by Metrika I fund, which targets Italian companies generating revenues of €20-100m
Capza exits Ivnosys to PSG-backed Signaturit
Sale ends a two-year holding period for Capza, which acquired a 40% stake in the business via Capzanine 4 Flex Equity
Alantra appoints two new operating partners
In their new roles, they will support the investment team in the management of Alantra's portfolio companies
Alto-backed CEI buys Lema
Combined group expects to reach revenues of €85m in 2021, with a 20% EBITDA margin