Southern Europe
Secondaries players weigh up risk and rewards of "ring-fencing" deals
GP-led transactions isolating assets hardest hit by the Covid-19 crisis could appeal to adventurous secondaries players, but challenges abound
Black Toro exits steel producer Irestal
Deal ends a five-year holding period for Black Toro, which boosted the company's growth and expansion
The Deals Pipeline
A fortnightly highlight of deal processes underway and involving PE, either on the buy- or sell-side, across Europe
Asabys, Alta Life lead funding round for Inbrain
Asabys invests via Sabadell Asabys Health Innovation Investments, which was launched in 2019
OGCI, Cathay, Atomico in €17m round for OnTruck
Idinvest Partners, Total Carbon Neutrality Ventures and Endeavor Catalyst also take part in the investment
Third of LPs put fund commitments on hold – survey
Brackendale Consulting survey also revealed that 62% would commit to a fund without a personal visit
Cerea to launch third buyout fund
Cerea also plans to launch its fourth mezzanine vehicle with a тЌ250-275m target next month
Inveready leads €5m investment in biotech startup Oxolife
State-backed CDTI also takes part in the round, alongside BStartup, HighStick and other private investors
Elaia leads €10m series-B for The Hotels Network
Previous backer Seaya Ventures and Seedrocket 4Founders also take part in the investment
Video: CPPIB's Delaney Brown on improved LP/GP relations
In the fourth of Unquote's Lockdown series, Delaney Brown, managing director of CPPIB, discusses improved GP/LP relations since lockdown began
Ysios Capital raises €155m for third biotech fund
Ysios BioFund III provides financing to early- and mid-stage, highly innovative life sciences companies
Progressio-backed Gampack bolts on Futura Robotica
With this add-on, Gampack plans to broaden its offering, while expanding its commercial network
Azimut launches €50m venture capital fund
Azimut Digitech Fund invests in B2B software startups, with a focus on software-as-a-service operators
Unquote Private Equity Podcast: Startups slow down
The Unquote pod asks, when will VC activity return to normal? And how will venture funds rebound in comparison to the previous GFC?
K Fund launches €70m second vehicle
Fund targets companies operating in the internet and mobile technology sectors
Alpha-backed AMF bolts on Mimest
Founders and management team reinvest in the business and continue to lead the company
P101 sells stake in Tannico to Campari
Campari Group acquired an overall stake of 49% in the company with an investment of €23.4m
Pillarstone Italy launches €600m turnaround fund
Responsible & Sustainable Corporate Turnaround Fund intends to support the recovery of Italian companies
Magnum-backed Aire Networks bolts on LCRCom
Company plans to further consolidate its market position, expand its business and enlarge its offering
GP Profile: Suma Capital
Spanish GP is currently raising its second fund, and is cautiously looking at investment opportunities in the current climate
Francisco Partners raises $9.7bn across three funds
Funds target the technology industry, with a focus on software, financial technology and healthcare IT
Two thirds of PE professionals expect reduction in carry – survey
More than half of the private equity partners and directors surveyed also expect bonuses to reduce
Eurazeo holds €400m first close for France-China Cooperation Fund
Fund targets European companies with expansion and growth plans in the Chinese market
Keensight hires two operating partners
Edwin Moses will be based in Belgium while José Luis Martín will be located in Spain