Industrials
Nordic Capital sells SEK 1.1bn share block in Munters
Divestment reduces Nordic's holding to 36.5% of the total share capital in Munters
Haspa BGM acquires Braase
Small-cap investor Haspa BGM invests in Germany-headquartered companies with revenues of €10-300m
NB Aurora buys Dierre from Gradiente
NB Aurora bought a 46.1% stake from Gradiente and the remaining 3.8% from Rubbiani for €30.2m
Triton backs Royal Reesink SBO
Equipment distributor Reesink was marketed based on €55-60m EBITDA, according to reports
CIC backs Mega Gossau
CIC Capital has acquired a minority stake with the management team retaining a majority
Arkéa backs Groupe Vert, bolts on Netvime
Arkéa finances the merger of the France-based eco-friendly cleaning services providers
Andera exits Erget in management buy-back
Erget is the 11th divestment from Andera's Cabestan vehicle, which closed on €113m in 2011
Legalisation of e-scooters gives German startups green light
Germany is the last of 11 European countries to legalise e-scooters, even though it has already seen the largest number of funding rounds in Europe
INVL invests €30m in Grigeo carve-out
Subsidiary of the fund will acquire 49.99% of the division's shares in a two-part transaction
Steadfast Capital backs BUK and UHB
Steadfast Capital invests in lower-mid-market companies with enterprise values of between €20-150m
Galiena Capital acquires Cameo Energy stake
GP backs the primary buyout of Cameo Energy, a specialist in energy transition services
Triton exits steel waste recycling company Befesa
Sale ends a six-year holding period for the GP, which bought Befesa from recycling company Abengoa
IBB and E.On invest in Nuventura
Consortium of IBB, E.On, Apex Energy Teterow and business angels have invested €3-7m in Nuventura
Wineus Capital acquires Zurrfix
Wineus typically provides investments of between CHF 5-30m for SMEs in Switzerland
GPs sell public transport operator Hansea to DWS
Belgium-based Hansea acquired four peers based in Flanders and Wallonia since 2014
Triton-backed AVS bolts on Fero
Triton bought AVS from Steadfast Capital in 2017, drawing equity from its €3.3bn vehicle Triton IV
Avallon-backed Fiten files for bankruptcy
Fiten posted a loss of PLN 9.5m from sales of PLN 227.8m in 2018, according to company records
Riello holds €50m first close for Italian Strategy
Fund targets Italian SMEs operating in the fashion, food, automotive, furniture and cosmetic sectors
DPE to exit First Sensor for approximately €117m
DPE, Teslin Capital Management and other shareholders have agreed to sell their shares
EQVenture invests $10m in USound
EQVenture owns 70% of USound and the co-founders have retained a 30% stake in the company
Alpha-backed Remazel buys Italian crane specialist Concrane
GP plans to consolidate Remazel's market position across Europe and further boost its expansion
Quantum-backed Gianetti Ruote carves out Fad Wheels from GKN
GP plans to strengthen Gianetti's position in the European steel wheel production market
Carlyle Cardinal Ireland Invests in The City Bin Co
The City Bin Co is the 11th investment from the Carlyle Cardinal Ireland fund
DACH manufacturing slump puts strain on deal-doing
With confidence hitting a low point in DACH's manufacturing sector, PE investors have to navigate a winding road to find opportunities