Southern Europe
Omers Ventures Fund IV closes on $750m
Fund targets growth-orientated, disruptive technology companies based across North America and Europe
FIEE backs Cremonesi
FIEE invests in Italian companies operating across the energy efficiency and renewable sectors
Index Ventures raises $2bn across two new funds
Index Ventures Growth V, which targets later-stage companies, raises $1.2bn, while Index Ventures X closes on $800m
Abac Capital exits Metalcaucho to trade
Sale ends a five-year holding period for the GP, which invested in the company via Abac Solutions
CRV leads €15m series-A for Factorial
Previous backers Creandum, Point Nine and K Fund also take part in the investment
October starts deployment of Italian direct lending fund
Firm also manages October SME IV, a European Long Term Investment Fund (ELTIF) with a €250-300m target
K Fund in €1m round for Frontity
Company plans to use the financing to improve its framework, roll out new features and grow its community
Tikehau launches fund for Banca March private clients
Fund focuses on companies active in energy transition by financing their development and expansion
Market braces for 12.6% drop in valuations by Q2 – report
NAVs expected to drop for Q1, with a steeper mark-down for Q2 as the crisis take its toll
Rhône Capital to increase stake in Maxam to 71%
Rhône Capital already owns a 45% stake in Maxam, which it acquired from Advent International in 2018
CVC Capital Partners backs Skroutz
GP deploys capital from CVC Capital Partners Fund VII, which closed on its €15.5bn hard-cap in 2017
Augens-, BMO-backed Impresa San Siro bolts on Cellini
This is the second bolt-on inked by the company, following the acquisition of Onoranze Funebri Serpi
Sofinnova Telethon Fund closes on €108m
Fund targets early-stage investments in Italian biotech companies developing cures for genetic diseases
MCH holds €200m first close for fifth private equity fund
MCH Iberian Capital Fund V has a €400m target and invests in mid-sized Iberian companies
F2i backs Compagnia Ferroviaria Italiana
GP invests via Ania F2i Fund, a vehicle launched in partnership with the Italian insurance association Ania
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
Hold or exit: how the previous crisis affected holding periods
The slow period of economic recovery after the GFC resulted in prolonged holding periods, increasing gradually and reaching a peak in 2013
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 €300m, backed by the European Fund for Strategic Investments