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Southern Europe

Spanish fund closes and launches
Spanish private equity flourishes as Italian market cools

Southern Europe's leading PE markets responded drastically differently to the challenges of a turbulent 2017

  • Investments
  • 12 December 2017
Mobile sales app
Axa Strategic Ventures leads $12m series-B for ForceManager

Other participants in the round include Nauta Capital, Sabadell, SIE and Histemi

  • Expansion
  • 07 December 2017
Waste disposal service Contenur
Miura, Demeter sell Contenur to US PE firm Acon

Acon Investments takes over with management retaining a significant stake in the business

  • Exits
  • 06 December 2017
Slot machines and gaming cabinets
Trilantic's Gamenet sets IPO price

Offering price is €7.50 per share, equating to a market capitalisation of around €225m

  • Exits
  • 05 December 2017
Betty Blue is a clothes designer based in Italy
Trilantic sells Betty Blue

Transaction sees premium womenswear brand Elisabetta Franchi wholly acquire Betty Blue

  • Exits
  • 05 December 2017
Targetti Sankey designs and produces lighting systems
DeA sells Targetti to trade

Having completed a restructuring, DeA sells the light fixtures manufacturer to corporate 3F Filippi

  • Exits
  • 05 December 2017
Fundraising in euros
United Ventures holds €75m first close for sophomore fund

Venture capital fund will make early-stage investments in software, ICT and digital tech companies

  • Funds
  • 05 December 2017
Gyms and dance classes
Portobello acquires gym group Supera

Deal marks second investment from the GP's latest fund, Portobello Capital Fondo IV

  • Southern Europe
  • 04 December 2017
Portfolio management and direct secondaries
Neuberger Berman acquires FII's portfolio

Portfolio of 21 companies has a combined turnover of €2.3bn and EBITDA of €282m

  • Secondaries
  • 01 December 2017
Aspirin and other pharmaceutical products
BC portfolio company Pharmathen sells Greek operations

Pharmathen will retain name, while the sold operations will be subsequently rebranded

  • Exits
  • 30 November 2017
Cardboard trays for fruit and vegetables
Aurelius acquires Abelan Board Industrial

Packaging business will be merged with the GP's Netherlands-based portfolio company Solidus

  • Buyouts
  • 30 November 2017
Funds have raised billions in January
Gradiente II holds first close on €60m

Gradiente's second fund holds a first close on €60m, half of the fund’s target

  • Funds
  • 30 November 2017
Fundraising in euros
Mediterrania holds €103m first close for third fund

Fund has a €250m target, more than double the size of its 2013-vintage predecessor

  • Funds
  • 29 November 2017
Fund close for Italian fund
Banca IMI and DeA Capital launch SPAC

Ideami will target non-listed medium-sized Italian companies

  • Buyouts
  • 28 November 2017
Car mechanics and auto parts
GPF-owned Anjana Investments buys Motortown

Anjana Investments distributes and retails automotive spare parts and accessories

  • Portfolio management
  • 24 November 2017
Turris is a bakery chain in Spain
Suma Capital backs Turris

Company will still be led by its CEOs, while Suma will appoint two new board members

  • Expansion
  • 24 November 2017
Marine networks and remote internet access
Apax-backed Marlink buys OmniAccess

Transaction is expected to close in the first half of 2018, subject to regulatory approval

  • Expansion
  • 24 November 2017
Student revision resources
Providence-backed Galileo completes €225m carve-out from Laureate

European division of Laureate reported a $54.8m EBITDA from revenues of $148.6m for 2016

  • Expansion
  • 23 November 2017
Board room deals and discussions
Green Arrow acquires Quadrivio

Acquirer was on a shortlist of four buyers for the GP, which was reportedly valued at around €20m

  • GPs
  • 22 November 2017
Pet food and associated care products
Permira-backed Arcaplanet buys Fortesan

Combined group will operate 280 stores across Italy and employ more than 1,000 people

  • Portfolio management
  • 21 November 2017
Using smartphones for retail and marketing
Fondo II Tech Growth in €9m funding round for BeMyEye

Fondo Italiano d'Investimento's tech growth fund contributes €6.3m to the round

  • Expansion
  • 21 November 2017
Cleaning products and detergents
Motion-backed Altaïr acquires Quimicas Oro

Deal follows the acquisition of Altaïr's Belgian distributor Enteco in February 2017

  • Portfolio management
  • 17 November 2017
Engines and auto parts
Wise's Tatuus acquires Autotecnica Motori

GP acquired Italian racing cars chassis producer Tatuus Racing in February 2017

  • Portfolio management
  • 16 November 2017
Charles Daulon du Laurens of Idinvest
Idinvest hires Daulon du Laurens as new IR head

Daulon du Laurens will be responsible for the firm's fundraising in his new role

  • People
  • 16 November 2017
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