Southern Europe
Secondaries sea change: Backing your winners
What was once the preserve of the underperformer is now shifting towards the prized asset
Arcano Capital XII fund-of-funds raises €200m
GP expects to hold a final close on target by the end of June 2020
Arcano launches €300m impact investing fund-of-funds
Arcano Impact Private Equity Fund will target European and US funds with a focus on impact investing
Alantra launches €150m energy transition fund
Clima Energy Transition Fund will acquire minority stakes in European energy transition companies
The Deals Pipeline
A fortnightly highlight of deal processes underway and involving PE, either on the buy- or sell-side, across Europe
Private equity seeks solutions to uncertainty as coronavirus derails buyouts
Dealmakers are trying to keep the buyout show on the road as the coronavirus crisis overtakes the European market
Alvarez & Marsal appoints González as managing director
González will lead the firm's private equity performance improvement team in Spain
Coronavirus outbreak could lead to fundraising logjam, PE players warn
Industry participants contacted by Unquote expect negative ramifications for fundraising as well as deal-making activity
GED’s Envases Soplados buys Espaçoplas
Company intends to consolidate its presence in Iberia and create a platform in the PET bottle market
Investindustrial appoints Deutsche Bank’s Guan as chair of Asia
Guan will be based in Shanghai and will focus on further expanding the firm’s presence across Asia
ICG-backed Nadella carves out Ipiranga, Shuton from IAZ Group
Following these acquisitions, Nadella will reach turnover of €90m
AS Equity Partners carves out QDQ Media from Solocal
GP intends to support QDQ Media in further consolidating its market position and boosting its expansion
PAI, Pamplona and Partners in final stage for €1bn Rovensa sale - report
Sale will end a four-year holding period for Bridgepoint, which carved out Rovensa from Sapec Group
Khosla leads $9m series-A extension for Sword Health
Vesalius Biocapital, Green Innovations, Founders Fund and Faber Ventures also take part in the round
Secondaries deal volume up 7% in 2019 – research
Setter Capital's latest research reveals continued momentum in private equity secondaries, with 2020 set to be another record year
Bain, NBRP-backed Engineering bolts on FDL Servizi
FDL Servizi founder and CEO Fausto Romelli retains a minority stake
ProA Capital buys Solitium
Third deal made by ProA Capital Iberian Buyout Fund III, which closed on €475m in February 2019
PE still hungry for retirement homes, but infra funds loom
Eight deals were completed in the retirement homes sector across Europe in 2019, above the annual average of five since 2014
Aurica backs STI Norland
GP invests via Aurica III, dedicated to growth capital investments in Spanish mid-cap companies
2020 Outlook: Southern Europe finishes 2010s on record high
Deal volume was the highest on record in 2019 with 174 buyouts, though aggregate value decreased to €25bn from €30bn
Aksia-backed Primo invests in L Catterton's CareDent
Combined group will operate a network of 155 dental clinics and generate revenues of around €100m
Oaktree Capital backs Mail Boxes Etc
GP acquires a stake of up to 40% in the company via a capital increase of up to €120m
Mandarin's Coffee Holding bolts on Yespresso
Deal is part of the buy-and-build strategy pursued by the GP to create a coffee production platform
Italian family offices join forces to invest in VC
Cube3 is intended to help Italian investors gain exposure to international investments strategies