Southern Europe
Unquote Private Equity Podcast: Fund financing in a fix
The Unquote team looks at how PE managers are turning to fund financing in a bid to shore up their portfolios
The Deals Pipeline
A fortnightly highlight of deal processes underway and involving PE, either on the buy- or sell-side, across Europe
Sofinnova invests €16m in Italian biotech company Genespire
GP deploys capital from Sofinnova Telethon Fund, which targets early-stage Italian biotech companies
Armonia to buy Arrigoni
Armonia will deploy equity from its Armonia Italy Fund, which held a final close on €280m in July 2018
Oaktree backs Asacha Media, creates TV production group
With support from Oaktree, Asacha is currently in negotiations to acquire additional production companies
KKR expects lower valuations for its portfolios due to Covid-19
GP forecasts that emergency restrictions will challenge its ability to market new funds and strategies
Investindustrial to buy minority stake in Guala for €91m
Offers is made via Special packaging solutions investments, which is controlled by Investindustrial VII
EC launches €300m platform Escalar
In its pilot phase, Escalar will provide up to тЌ300m, backed by the European Fund for Strategic Investments
Crescent European Specialty Lending Fund II closes on €1.6bn
CESL II invests in a diversified portfolio of private secured debt issued by European companies
Secondaries players hold fire despite copious dry powder
Market is likely to pause until Q2 2020 valuations are released, potentially leading to a flurry in Q4
KKR sells 33.33% stake in Acciona Energia for €445m
Energy group Acciona acquires a 13.33% stake in the company, while Axa IM buys 20%
Ambienta buys software provider Namirial
GP is investing via its Ambienta III fund, which held a first and final close on €635m in May 2018
Neuberger Berman, NB Aurora exit Elco
Neuberger Berman sells its 16.5% stake in the company and NB Aurora its 13.3% holding
Italian fundraising processes disrupted by Covid-19 crisis
A round-up of the processes affected, as well as those still pushing through despite the pandemic
StepStone closes fourth secondaries fund on $2.1bn
SSOF IV's investment strategy focuses on the inefficient segments of the secondaries market
Q&A: Cambridge Associates' Featherby on PE's time to shine
Very few managers will have net benefited from this crisis, says Featherby, but PE could still showcase its ability to outperform
How private equity is helping fight the Covid-19 outbreak
A round-up of initiatives by GPs across Europe т and their portfolio companies т to help their communities
P101 leads €6m funding round for Codemotion
P101 invests €3.5m in the company from two vehicles, Programma 102 and co-investment fund ITA500
Springrowth closes debt fund on €417m, plans new €200m rescue fund
Fund targets mid-market European companies generating EBITDA of at least €3m and revenues of €30-150m
Insight Partners XI closes on $9.5bn
Fund deploys equity tickets in the $10-350m range in startups operating across the software industry
The Deals Pipeline
A fortnightly highlight of deal processes underway and involving PE, either on the buy- or sell-side, across Europe
Welcome aboard: PE recruitment amid coronavirus
PE-focused recruiters and some GPs themselves are figuring out ways to progress recruitment processes, but challenges remain
Riello Investimenti launches €150m debt fund
Fund is larger than its predecessor, Impresa Italia Private Debt I, which raised €70m in 2016
FVS exits Exor, buys stake in Holdex
FVS invests for minority stakes in Italian companies operating in a wide range of sectors