Southern Europe
Axon launches €150m fourth innovation growth fund
Fondo Axon Innovation Growth IV acquires minority stakes in technology businesses with high-growth potential
Cathay, BPI-backed AD Education bolts on Ces
Add-on shortly follows the acquisition of Italian university Accademia Italiana Arte Moda e Design
Verizon Ventures, PME Investimentos in €4m round for PicAdvanced
PME invests via Fundo 200M, a €200m co-investment vehicle that supports the expansion of Portuguese startups
Wise's Innovery bolts on Obiectivo
Innovery is a portfolio company of Wisequity IV, which closed on €215m and is currently 92% deployed
Armonia to launch €500m fund
Fund will be larger than its predecessor, which closed on €280m in July 2018
Armonia-backed Biodue buys Farcoderma
Following the deal, the combined group will employ a staff of 200 and generate revenues of c€60m
DN Capital, Kreos et al. in €11m round for Bnext
Investment is an extension of the €22.5m series-A round raised by Bnext in October 2019
Magnum Capital backs Isdi
First investment made by the GP via Magnum Capital III, which was launched in December 2019
Acon buys Spanish vegetables producer Alsur
Acon invests in partnership with Quarza Inversiones, which acquired a minority stake in the company
Investindustrial's Italcanditi buys Ortofrutticola Del Mugello
Deal is part of a buy-and-build strategy pursued by the GP to strengthen Italcanditi's market position
MCH buys minority stake in Prosur
GP is currently investing via MCH Iberian Capital Fund V, which held a €200m first close in April 2020
Fondo Italiano backs Maticmind
FII invests in the business via the Fondo Italiano Consolidamento e Crescita vehicle
KKR backs online learning specialist MasterD
MasterD’s founder Luis Gomez and the management team will reinvest alongside KKR
White Bridge buys Alpha Test from Aksia
GP intends to support the company’s growth and expansion across the education sector in Europe
Aurelius's Office Depot to sell Spanish direct business to trade
Deal is Office Depot’s fourth divestment in nine months as part of its ongoing restructuring
DACH buyout market weathers Covid-19 impact, UK and France suffer
Germany emerged as the busiest region in Europe in Q2, albeit with a low volume and aggregate value of deals by historical standards
Programma 102 closes on €100m
VC will launch a new vehicle by the end of the year, with a тЌ100m target, to focus on complementary asset classes
Eureka Venture holds €38m first close for debut fund
Eureka Fund I invests in seed and series-A rounds, targeting deeptech companies
Aksia buys frozen pizza maker Valpizza
Second deal for Aksìa Capital V, following its investment in dental clinics business Primo Group
Unquote Private Equity Podcast: Calling tech support
This week, the Unquote Podcast talks all things technology with Intuitus chief commercial officer Adrian Astley Jones
BC Partners backs Ima in €3.6bn deal
BC Partners and Sofima will launch a mandatory tender offer to acquire all remaining Ima shares
KKR sells Papresa to Quantum
Sale ends a six-year holding period for KKR, which acquired Papresa from Grupo Alfonso Gallardo
IGI holds €170m final close for sixth fund
IGI Investimenti Sei acquires controlling stakes in Italian companies with a presence in niche markets
Fashion victims: GPs face a tough year in the clothing & accessories sector
Unquote explores dealflow expectations and potential silver linings for the segment, which has been one of the hardest hit by the pandemic