Southern Europe
Abac Capital targets €350m for second fund
Fundraising activity is expected to flourish in 2020, with numerous GPs wrapping up their funds
Eureka Venture launches maiden €50m VC fund
Fund follows several recent launches of early-stage-focused vehicles across southern Europe
Inveready holds €55m first close for private equity fund
Gaea Inversion has a €110m target and expects to hold a final close by the end of March 2020
Alto Partners exits Artebianca to trade
Alto is currently investing its fourth fund, which closed on its €210m hard-cap in April 2018
Mandarin's Neronobile acquires Daroma
Mandarin intends to further expand the business and create a platform across the Italian coffee sector
Argos Wityu's Fabbri bolts on Caveco
Fabbri intends to strengthen its market position in the tray sealing machinery segment
Ambienta's Aromata buys Nactis, creates flavourings group
New group will be rebranded as Nactarome and will further expand across the European food flavours market
Corporate divestments fuel European buyouts
Carve-outs and spin-outs represented around 14% of all buyouts in 2019, up from 11.5% in 2018 and 10% in 2017, according to Unquote Data
K Fund et al. in €3m round for Bob.io
Company plans to expand internationally and develop new services for passengers' needs
Unquote Private Equity Podcast: Craving carve-outs
Listen to the latest episode of the Unquote Private Equity Podcast, where the team discusses corporate carve-outs
A decade to remember
The Unquote team wishes you a restful holiday break, and will be back for our regular news coverage on 3 January
Tikehau carves out biomass unit from Acek in €81m deal
GP deploys from Tikehau Capital Energy Transition Fund, which is dedicated to energy transition
Meridia Capital to launch €150m second fund
Fund will target majority and minority stakes in Spanish companies generating revenues of €15-150m
TA Associates, Meridia exit Kipenzi
Sale ends a three-year holding period for TA Associates, which bought an 89.4% stake in Kipenzi from Corpfin
Alantra buys three genomics businesses
Combined group operates four centres across Spain, employs 160 staff and generates revenues of €25m
Italian PE: Strength in numbers
First three quarters shaped up well in terms of volume, with total deal numbers marginally higher than those for the same period in 2018
Mubadala leads €150m series-E for delivery platform Glovo
Previous investors Drake Enterprises, Idinvest and Lakestar also take part in the round
Magnum back on the road for third fund
GP is looking to raise €400-450m from institutional investors for Magnum Capital III
NB Aurora backs pharma logistics specialist PHSE
With NB Aurora's support, PHSE intends to boost its growth both organically and via new acquisitions
Mandarin holds €173m interim close for third fund
MCP III has a €250m target and invests in export-orientated companies with EVs of €30-70m
DeA Capital exits Cartiere Pigna to trade
Sale ends a two-year holding period for the GP, which bought a stake in the company via Idea CCR I fund
Portobello Capital carves out BT's Spanish business
Deal includes the Spanish ICT services and the local network infrastructure managed by BT
Clessidra appoints L Catterton's Ottaviano as head of PE
Prior to joining Clessidra, Ottaviano worked at Mediobanca, Merrill Lynch and L Catterton Europe
Unigrains's FAI holds €55m final close
Fund is the first Italian vehicle launched by the French GP and is dedicated to the agri-food sector