Southern Europe
Covid-19 impact expected to be more severe than GFC – survey
Almost all Dechert survey respondents expect distressed deals to increase, while 82% cited more deal delays as an ongoing effect
Alcedo to sell Nahrin SwissCare to Vam
Vam Investments takes stakes in businesses requiring restructurings, with a required investment of €5-20m
Aksia in exclusive talks to acquire MIR – report
De'Rossi & Associati is reportedly acting as a legal adviser to MIR, while Mediobanca is running the process
Cinven, EQT, CPPI invest €175m in Hotelbeds
Transaction is coupled with a debt maturity extension from existing creditors
29% of LPs have decreased interest in emerging managers – survey
Placement agent Eaton Partners’ latest LP Pulse Survey collected responses from 61 LPs globally
AlpInvest closes seventh secondaries fund on $9bn
ASP VII is a dedicated secondaries investment programme focused on fund interests and GP-centered investments
Equinox buys pesto specialist Clas
Equinox invests in the business via its Equinox III fund, which closed on €360m in July 2020
2021 Preview: Southern Europe looks for 2021 rebound
Covid-19 hit both dealflow and fundraising across the region – but local players are still looking forward to a gradual recovery in 2021
Peninsula, Azimut buy Isola dei Tesori
Deal also includes a capital increase to support the company's growth, expansion plan and acquisition strategy
GPF-backed Natural Fruit Company buys Frugarva
GPF plans to further boost the company's buy-and-build strategy in the citrus production sector
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Idea Agro, Cleon Capital back Gias
Two GPs intend to consolidate the company's market position in Italy and further boost its international expansion
21 Invest buys Aussafer Due
GP plans to strengthen the company's market position across Italy while expanding its international presence
Nazca Capital invests in Eurocebollas
GP deploys capital via Nazca Fund V, a lower-mid-market vehicle that closed on its €150m hard-cap in 2019
Alantra backs Surexport
GP deploys capital via Alantra Private Equity Fund III, a €450m vehicle that targets mid-market companies
Waterland VIII holds final close on €2.5bn hard-cap
Three-month fundraising process was conducted entirely remotely, the GP said in a statement
Portobello buys Poligof from 21 Invest
Sale ends a five-year holding period for 21 Invest, which bought Poligof via its 21 Investimenti III fund
Q3 Barometer: Green shoots emerge
Aggregate value of deals was noticeably up in Q3 as the reopening of debt markets boosted transaction sizes
Wellington Hadley Harbor III closes on $1.8bn
In addition to the capital raised, the fund also has access to up to $400m from co-investors
Nazca Capital buys Laboratorios Almond
GP intends to support the company in boosting its expansion across Spain and the rest of Europe
Investindustrial to take control of Guala
Investindustrial plans to launch a full takeover offer for Guala, at €8.20 per share
ArchiMed's Bomi bolts on Florence Shipping
Third add-on inked by Bomi, following its acquisition of Logifarma and its purchase of ILS
Scale Venture Partners Fund VII closes on $600m
Fund targets software startups, with a special focus on cloud infrastructure, cybersecurity and AI
Bain's Fedrigoni buys Industrial Papelera Venus
This is the third add-on inked by Fedrigoni, following its acquisition of Cordenons and its purchase of Ritrama