Southern Europe
Clessidra to launch €600m fourth fund
Fund will follow the same strategy as its predecessor, Clessidra Capital Partners III
Mediobanca, Russell Investments launch third private market fund
Fund invests in secondaries, distressed assets and opportunities in dislocated industrial sectors
Video: Cambridge Associates' Marcandalli on impact investing moving centre stage
In a new instalment of Unquote's Lockdown series, Annachiara Marcandalli explains why it is unlikely that coronavirus will sideline impact investing
Abante, Altamar to manage Mapfre fund-of-funds
Mapfre Private Equity is managed by Abante, while Altamar acts as investment adviser
Trilantic's Doppel bolts on Dietopack
Trilantic Europe said in a statement that its healthcare companies have made seven bolt-ons in 2020
Sherpa Special Situations III closes on €120m
Fund targets distressed companies based in Iberia and active across a wide variety of sectors
Buy-and-building through the storm
Bolt-ons remain one way of deploying capital and building value, but a tough financing market and pricing mismatches make for a challenging landscape
Ardian's Frulact buys Sensient's yoghurt division
With this add-on, Frulact expects to consolidate its market position and further expand in the US market
From PE darling to hard-hit sector: gyms face uncertain post-covid future
As gyms and fitness clubs across Europe gear up to welcome back consumers, Unquote explores their tricky path out of lockdown
BlackRock and ApoBank launch healthcare fund
BlackRock-managed fund aims to give ApoBank's institutional clients access to healthcare investments
CVC in exclusivity for Genetic – report
Deal is expected to be signed by the beginning of August, says Mergermarket
Adara Ventures leads $5m round for CounterCraft
Round also sees participation from existing backers Evolution Equity Partners, Orza and Wayra
Tikehau to buy stake in Euro Group
Tikehau is investing in the energy transformation sector via its T2 Energy Transition Fund
Atomico leads $27m series-B for Onna
Glynn Capital takes part in the investment, alongside previous backers Dawn, Nauta and Slack Fund
European fund closes slump by 42% amid lockdown
Unquote recorded 44 first or final closes of European PE funds between March and May, a 42% drop on the three-month average seen across 2019
Meta Change Capital launches €100m fund
Fund is dedicated to investments in blockchain companies across Europe, Asia, the Middle East and Africa
Vista-backed Accelya bolts on Farelogix
With this add-on, Accelya expects to further expand its end-to-end platform for the airline industry
Square buys VC-backed payment app Verse
Verse joins the Cash App division at Square and continues to operate as an independent business
Gradiente buys three companies, creates Argos Surface
GP deploys capital from Gradiente II, which held a final close on its €135m hard-cap in 2019
Asabys, BPI France, Ysios in €30m series-A for Ona Therapeutics
Company intends to use the financing to complete the pre-clinical trial of its lead candidate drug
Bain Capital, FSI to bid for Serie A – report
Bain Capital makes a €3.4bn preliminary offer for a 25% stake in Serie A, while FSI shows interest
Ubi Banca buys stake in Green Arrow Capital
This is the first financial investor that has entered the capital of the firm, owned by its founding partners
Vast majority of LPs satisfied with GP transparency – survey
Coller Capital's PE Barometer also reported LP concerns about forward-looking EBITDA add-backs
Xenon-backed Impresoft bolts on Progel
Following the deal, Progel's founders will stay on with the business and reinvest in the combined group