Southern Europe
Towerbrook exits Metallo in €380m deal
Sale ends a six-year holding period for the GP, which bought the company from Groupe Alpha
Assietta backs cosmetics specialist Effegilab
GP invests in the company by deploying capital from its APE III fund, closed on €48m in 2015
Entry multiples heating up further in Q1 – research
Average value for PE-backed transactions increased by nearly 15% versus Q4 2018, says Clearwater
Charme Capital exits Atop in €380m deal
Sale ends a two-year holding period for Charme, which acquired the company via its third fund
Zouk Capital invests in PE-backed Be Power
As part of the deal, the GP appoints Paolo Amato as president and Paolo Martini as CEO of Be Power
Unquote Private Equity Podcast: Sector selectors
Listen to the latest episode of the Unquote Private Equity Podcast, in which the team discusses sector specialisation strategies
Impact investment demand outstripping supply – research
LP demand is high but met with a lack of high-quality offerings, according to a Rede survey
Black Toro in talks for clothing brand Trucco
GP is currently investing via its second fund, which held a final close on €235m in February 2017
Black Toro raises €150m for third fund
Black Toro Capital III has a €350m target and held a first close on €100m in July 2018
Wise-backed Tapì buys Les Bouchages Delage
Management led by CEO Delage will continue to run the company, which will operate independently
Oakley set to close fourth fund on €1.4bn hard-cap
Vehicle was registered in Luxembourg in September 2018 and held a first close earlier in the year
LGT closes Crown Co-investment Opportunities II on $1.3bn
Closed-ended vehicle that focuses on co-investments in Europe, the US and Asia, was oversubscribed
Sella Venture Partners to launch €150m VC fund-of-funds
Vehicle will make around 20 investments and will target Europe, the US and Israel
Reus exits Spanish videogames specialist LVP in €22m deal
Mediapro, which already controls around 50% in the company, acquires the stake owned by Ticnova
Indaco Ventures leads $6m series-B for Mainstreaming
Existing investor United Ventures also takes part in the round, alongside Sony Innovation Fund
All eyes on venture as corporates and PE swoop in
Up to 17% of venture investments in 2018 saw the backing of an investor based outside Europe
Consilium to launch €200m fourth buyout fund
Fund IV will acquire majority stakes in Italian companies operating in a wide range of sectors
Q1 Barometer: Price mismatch knocks dealflow
European buyout activity fell to its lowest point since Q1 2016 in the first quarter of 2019, but a large-cap rebound bolstered aggregate value
KKR acquires controlling stake in Telepizza in €604m deal
GP, which already owns a 28.57% stake, will reach 56.29% and will be able to de-list the company
Crane Venture leads $3m funding round for Stratio
Company intends to use the fresh capital to further expand across Europe and the US
LeadX Capital leads $20.4m series-B for 360Imprimir
Omnes Capital, Pathena and Fundo 200M (managed by PME Investimentos) also take part in the round
Alto Partners backs Olimpia Splendid
GP invests via its Alto Capital IV fund, which closed on its €210m hard-cap in April 2018
Gradiente exits Coldline
Sale ends a holding period of only one year for Gradiente, which bought the company via its second fund
Alkemia exits Taplast to trade
US-based Trimas also acquires the majority stake owned by Taplast CEO Paolo Santagiuliana