Southern Europe
PSG buys software developer Nalanda
This is the eighth investment made by the GP via its PSG Europe Fund, which closed on €1.25bn in February 2021
PE-backed Allfunds to list within weeks
Company's backers could raise around €2bn through the IPO, according to Mergermarket
Peak Rock Capital Fund III hits $2bn hard-cap
Fund makes equity and debt investments in mid-market companies based across North America and Europe
Orienta-led consortium sells Sidac to Lindsay Goldberg's Schur
Sale ends a four-year holding period for the club deal led by Orienta, which acquired Sidac from its parent company Acmar
FAI, Invitalia back Frigomeccanica
FAI invests via Fondo Agroalimentare Italiano I, while Invitalia deploys capital from Fondo Cresci al Sud
Q&A: do not give up on the lower-mid-market, says Monument's Karl Adam
Monument partner Karl Adam tells Greg Gille how an opportunity to break through still exists for lower-mid-market managers in a very top-heavy market
Hyle Capital buys dried fruit producer Manuzzi
GP backs the company via its debut fund Finance For Food One, which is dedicated to investments in the agri-food sector
Unquote Private Equity Podcast: Ravenous for recurring revenue
The Unquote Private Equity Podcast is back to its regular format this week, with the team looking at PE's appetite for recurring revenue models
The Deals Pipeline
A highlight of deal processes underway and involving PE, either on the buy- or sell-side, across Europe
Q4 Barometer: How European activity returned to pre-pandemic level
European PE deal value staged an impressive recovery over the course of 2020, capped by a busy Q4
Lugard Road, Luxor Capital lead €450m round for Glovo
Round also sees participation from previous investors, including Delivery Hero, Drake Enterprises and GP Bullhound
MTIP holds first close for second fund
Digital-health-focused growth investor has a hard-cap of тЌ250m and target of тЌ200m for MTIP Fund II
PM & Partners backs Cytech
GP buys the business from founders Stefano Coccia and Marino De Marchi, who will both reinvest in the deal
Kartesia Senior Opportunities I holds €1bn final close
Fund provides senior financing to European small and medium-sized companies with strong credit profiles
UV T-Growth Fund holds €100m first closing
Fund targets late-stage companies, primarily across the 5G, AI, cybersecurity, cloud and Internet-of-Things sectors
L Catterton gears up for fifth European fund
Vehicle makes majority investments in companies operating across the consumer industry in Europe
Iberia Fundraising Pipeline - Q1 2021
Unquote compiles a roundup of the most notable fundraises ongoing across the Iberian market, including Magnum, MCH, Suma and more
Astorg Mid-Cap anticipates summer final close
Fund will make pan-European investments in mid-market companies and has a €1bn target
Verlinvest leads $100m series-C for Everli
New investors Luxor, DN, C4 and Convivialité also take part in the round, alongside FII, 360 Capital, Innogest and DIP
European GPs get top ESG marks, but diversity remains sore point - survey
Only 23% of Aberdeen Standard Investments' GPs have clear diversity targets in their portfolio companies
Back to school: education dealflow heats up as pandemic settles
Digital opportunities and long-term growth drivers have resulted in an influx of deals in recent weeks, with more in the pipeline
Bregal Unternehmerkapital III closes on €1.875bn
Fund closed on its hard-cap and will target businesses in the DACH region and northern Italy
Industry Ventures Secondary IX closes on $850m
Fund focuses on investments in direct secondaries, LP interests, direct portfolios and tail-end funds
CVC buys Ethniki Insurance in €505m deal
GP invests in the company via CVC Capital Partners VII, which closed on €15.5bn in June 2017