Southern Europe
CDP acquires 70% of Invitalia Ventures to manage FNI
Invitalia will be appointed as fund manager of FNI, which is expected to raise around €1bn
Palamon carves out Business School24 from Il Sole
GP already owns a 51% stake in the company and is buying the remaining 49% for €21.5m
Nordic region sees highest entry multiples for sixth quarter running
Q2 edition of the Clearwater International Multiples Heatmap finds a slight cooldown across Europe, though the average multiple still exceeds 10x
NB Renaissance acquires leather producer Rino Mastrotto
Founding Mastrotto family will retain a significant stake and continue to lead the company
CVC buys online universities Pegaso and Mercatorum
GP deploys capital from its CVC Fund VII, which held a final close on its €15.5bn hard-cap in 2017
GPF Capital backs beer cooler producer Golderos
GP invests via its GPF Fund II, which held a final close on €150m in October 2017
Progressio backs lemon juice producer Polenghi
GP invests from its Progressio Investimenti III fund, which recently closed on its €250m hard-cap
Ergon buys baked goods specialist Dolciaria Acquaviva
GP invests via its Ergon Capital Partners IV fund, which held a final close in March on €580m
DeA Capital acquires stake in asset manager Quaestio
DeA Capital Alternative Funds also buys the Quaestio NPL unit, which manages the Atlante funds
BlueGem, Value Italy reduce stake in DigitalGo
Partial exit for the two GPs, which acquired the company in 2009 via MPS Venture II and BlueGem I
Quadrivio buys moulding specialist Rototech
Second deal made by the GP via its Industry 4.0 fund, launched in 2018 with a €300m target
GPF Capital buys Quimi Romar from Realza Capital
GP also buys soap producer Envasado Xiomara to build a platform in the personal care products sector
BlueGem buys Italian hair care specialist Pool Service
GP plans to boost the company's growth organically and by pursuing a buy-and-build strategy
Tikehau Capital invests €29m in DoveVivo
Company raises a total of around €72m, including €22.5m of debt financing provided by Illimity Bank
Alcedo acquires ready-meal specialist Eurochef
GP deploys capital from Alcedo IV Fund, which held a final close in May 2016 on €195m
Corpfin backs Spanish gloves manufacturer Sanicen
GP plans to boost the company's growth and strengthen its position with a buy-and-build strategy
Progressio buys spreads and dried fruits maker Damiano
GP invests from its Progressio Investimenti III fund, which held a final close on €250m in July 2019
Ibla Capital buys bed manufacturer Assio
Company's management team, led by founders Giuliano and Graziano Coden, will stay on with the business
Tamburi buys minority stake in Milan-listed Elica
Following the deal, Tamburi CEO Giovanni Tamburi will become a member of the company's board
Aksìa holds €100m first close for fifth fund
Fund targets businesses with potential for high growth, and expansion and buy-and-build opportunities
KKR, Artá back kitchen panels specialist Alvic
Company plans to further expand internationally and open new manufacturing facilities
Kibo Ventures targets €100m for third fund
Kibo's second fund has recently finished its investment period after closing on €71m in 2016
Keensight carves out 3P Biopharmaceuticals
GP backs biologics production service 3P Biopharmaceuticals via Keensight Capital V
Wise closes fifth fund on €260m after two months
Italian investor has held a final close on the vehicle's hard-cap, having launched in June