Southern Europe
Muzinich Pan-European Private Debt II holds €210m first close
Fund provides capital to lower-mid-market companies to fuel their growth and finance their expansion strategy
Abac Capital backs Iberfrasa
GP invests via Abac Solutions, which closed on €320m in 2016 and is almost fully deployed across nine companies
Unquote Private Equity Podcast: H2 Preview
The Unquote Podcast gathers the whole team this week to go over H1 statistics, look at early recovery signs and share insights from across Europe
Claris Biotech I holds €30m first closing
Fund targets early-stage rounds across the biopharmaceutical industry, focusing on oncology, immunology and rare diseases
Multiples Heatmap: pricing ticks up as GPs flock to safe assets
Although dealflow was severely impacted by Covid-19 in Q2, average entry multiples actually went up given the scarcity of attractive opportunities
Nexxus Iberia backs Mercurius Health
GP invests via Nexxus Iberia Private Equity Fund I, which held a final close on €170m in February 2020
Investindustrial buys machinery producer Della Toffola
GP acquires a stake of 73.5%, while Vittorio, Francesco and Luciano Della Toffola retain the remainder
Inflexion buys minority stake in Auxadi
Inflexion intends to boost Auxadi's growth via additional acquisitions and geographic expansion
Apax, Fortress, Three Hills to bid for Serie A - report
Bidders join other PE firms that have shown interest in Serie A, including CVC, Bain and Advent
Panakes to launch €120m second fund within months
VC expects to start raising capital by the end of the year and hold a first close in H1 2021
Aksìa backs machinery manufacturer Vomm
Third acquisition made by Aksìa Capital V, following its investments in Primo and Valpizza
Euregio Plus to launch €50m VC fund
Fund intends to support the growth and expansion of startups and SMEs
Base10, Cathay in $12m series-A for Lana
French venture capital house Cathay Innovation and Spanish ride-sharing company Cabify take part in the round
Oxy Capital exits Prio Energy to trade
Sale ends a seven-year holding period for Oxy Capital, which acquired the company from Martifer
Q2 Barometer: Coronavirus ravages European M&A market
After the first effects of the Covid-19 crisis were felt in March, the European private equity market decelerated sharply in Q2
The Deals Pipeline
A fortnightly highlight of deal processes underway and involving PE, either on the buy- or sell-side, across Europe
HSBC Vision Private Equity 2020 closes on $260m
Fund targets a variety of private equity opportunities, from primaries and secondaries to direct co-investments
Vallis Capital sells Vortal to Stirling Square's Docu Nordic
Stirling Square intends to support Vortal in expanding its business in current and new markets
Southern Europe bounces back amid pandemic uncertainty
Southern European market has regained vigour and confidence in July following a catastrophic H1
OakNorth Bank provides fund facility to BlueGem
Key investors include Glendower Capital, Blackstone's Strategic Partners and BMO Global Asset Management
Bullnet Capital sells Codice SW to PE-backed Unity
Sale ends an 11-year holding period for Spanish venture capital firm Bullnet Capital
Guidepost injects $20m into Elements Global Services
Deal is the first investment from Guidepost's third fund, which came to market last year
Deutsche Beteiligungs buys PM Plastic Materials
First MBO in Italy for the GP, which will now start investing from its recently raised Fund VIII
Moira invests in Voovio Technologies
Company plans to use the fresh capital to expand its US operations and further develop its cloud services