Industrials
Permira to acquire majority stake in Gruppo Florence
Existing shareholders including VAM Investments and management of the Italian fashion group will reinvest, while Italmobiliare will exit
Mimir Group ramps up global origination effort with London office and focus on life science carve-outs
Stockholm-based investor is considering divestments, although challenging market remains a barrier
The Bolt-Ons Digest - 26 May 2023
Unquote’s selection of the latest add-ons with H&F's TeamSystem, Nordic Capital's Regnology, 3'i's Dutch Bakery and more
GP Profile: Investindustrial eyes near-shoring opportunities as third growth fund closes
GP closed its latest fund within a 12-month period on the road with strong support from European LPs
Emerging manager Px3 makes first acquisition with carve-out buyout
Rhône Group spin-out makes inaugural acquisition with Celeros Flow Technology’s filtration unit buyout
Palatine launches growth credit strategy for UK’s underserved regions
New fund will aim to support VC-backed companies’ growth while extending their cash runway, Will Chappel told Unquote
CEIP eyes industrials and services targets with EUR 70m vehicle, aims for year-end fund close
Czech Republic-headquartered GP is open to co-investments from LPs and fellow sponsors; one further deal expected this year
Pantheon bullish on consolidation opportunities with fresh USD 2.4bn co-investment vehicle
Taking a cautious approach to valuation expectations, the sponsor is deploying its latest fund across small-, mid-cap and growth opportunities
Wise Equity closes sixth fund on EUR 400m, eyes Italian family-owned B2B targets
Italian GP reached its hard-cap, raising its biggest fund to date four months after launching
Private markets investors combine forces to form Urban Partners
New platform with EUR 20bn AUM will look to address decarbonisation of cities via its real estate, venture capital, private equity and credit arms
GP Profile: Ardian Expansion doubles down on generalist approach, eyes EUR 3bn Q2 fundraise launch
With its current EUR 1.5bn fifth fund almost at full deployment, Ardian’s Expansion strategy expects to benefit from LP appetite for its strategy ahead of EUR 3bn fundraise
InvestIndustrial closes third lower mid-market fund on EUR 1.1bn
Strategy will target businesses in Italy, Spain, Portugal and Switzerland with internationalisation potential
Sullivan Street carves out Tracerco from Johnson Matthey for GBP 55m
Fourth exit attempt for oil diagnostics arm garners 6.8x EBITDA sale multiple, family office Souter joins ticket
Carbon Equity open to commitments for new impact fund with EUR 125m hard-cap
Netherlands-based fund-of-funds manager will broaden its strategy to incorporate co-investments for its second fund
VC Profile: Klima lines up green energy deals from EUR 210m debut fund
Franco-Spanish Alantra and Enagás-backed VC initiative expects to lay the foundations for its second fund in 2024
Gimv acquires majority stake in Witec
Belgium-based Gimv set to support Netherlands-headquartered contract design manufacturer’s growth
Exponent reaps more than 3x on Enva exit to I Squared Capital
GP sells Irish recycling group to infrastructure sponsor for over GBP 600m
Odewald's Langer & Laumann hits market in Lincoln-led auction
German sponsor bought a majority stake in the smart doors for machines and lifts producer more than five years ago
Polaris acquires majority stake in Sealing System
GP currently deploying capital in its 2021-vintage Polaris Private Equity V with EUR 690m in commitments
The Bolt-Ons Digest – 17 April 2023
Unquote’s selection of the latest add-ons with Triton's BFC Group, Seven2's Groupe Crystal, Palatine's FourNet and more
Charterhouse transfers Sagemcom to AlpInvest-backed continuation fund - filings
GP will make a return of over 5x MOIC on the deal for French telecoms business
Procuritas raises EUR 407m for PCI VII
Swedish GP's seventh fund is 28% larger than predecessor and will invest in Nordic buyouts
Spending bottom dollar: Valuation gaps take Q1 buyout levels back to 2009
Sponsors make just 95 buyouts in Europe in the first quarter - a figure not seen since Sony sold 12m floppy discs in one year
Quadrivio reaps 40%-plus IRR, 2.2x cash-on-cash from EPI sale
Trade sale of Italy-based sports merchandising specialist marks Industry 4.0 fund’s first exit