Sector
TA Associates takes minority stake in Foncia
TA secures a 25% stake, while Partners Group remains the controlling shareholder
Social concerns increasingly important in European consumer M&A
Ethical supply chains, modern slavery, diversity and inclusion, wage gaps, and health and safety are all "potential liabilities" for M&A sponsors
Burger King UK owners mull GBP 600m listing – report
IPO plans are thought likely to be formalised within days, dual-track process could be explored too
DPE's Calvias hits DACH auction pipeline
DPE has built Calvias through a string of acquisitions since its 2015 buyout
RGI sale by Corsair Capital draws CVC, Nextalia interest
Carlyle, Investindustrial and TA Associates are also among the sponsors showing initial interest
VC-backed Truecaller lists on Nasdaq Stockholm
Caller identification software is backed by VCs including Sequoia Capital and Atomico
H&F matches EQT's EUR 3.36bn Zooplus offer
H&F has increased its EUR 460 per share offer for the pet products retailer to EUR 470 per share
Summa sells Lakers for 5x money
GP acquired the waste and wastewater pump service provider in 2018 via its debut fund
Accent Equity Partners to launch Inteno Group sale
Auction is expected to kick off in the early part of Q4 2021, sources say
ECI sells CPOMS to PE-backed Raptor
ECI bought the educational safeguarding software in 2018, investing via its GBP 500m ECI 10 fund
LDC sells Mandata to Tenzing
LDC acquired the transport and logistics software developer in a GBP 20m SBO from Synova in 2018
HealthCap makes raft of senior appointments
Nordic-headquartered life sciences and healthcare VC is deploying equity via HealthCap VIII
Comdata sponsor Carlyle Group taps Citi to prepare auction
Carlyle acquired Comdata from Altair in December 2015, in a deal valuing Comdata at 4x EBITDA
CFC Underwriting attracts Blackstone Group and OTPP
A deal could value CFC at an EBITDA multiple in the high teens or north of 20x
Main Capital raises EUR 1.2bn across two funds
Of the capital raised, Main Foundation I has raised EUR 210m to back smaller software companies
HKA owner Bridgepoint prepares exit
JP Morgan is in pole position to secure the sell-side mandate, sources say
ArchiMed invests in Xpress Biologics
Plasmid DNA and protein therapy developer is an investment from the GP's Med II fund
San Giorgio in sale talks with Ergon, reviews valuation expectations
Owning family is looking to sell a minority stake in San Giorgio via a capital increase
Advent's Williams Lea in advanced sale process
Williams Lea is expected to generate EBITDA of EUR 39.5m in 2021
Weinberg's Alliance Marine joins French mid-market pipeline
Since being acquired by Weinberg in 2016, Alliance Marine went on a bolt-on spree
Bregal buys Safety21, marking first deal in Italy
GP plans to assist the traffic monitoring software with its international expansion
Kyma Partners holds EUR 100m first close for debut fund
Italy-headquartered GP focuses on the digitalisation of Italian SMEs and is targeting EUR 130m
GP Bullhound closes Fund V on EUR 300m
Technology-focused firm's predecessor vehicle held a final close in June 2019 on EUR 113m
AFB holds EUR 86m first close for second fund
Advent France Biotechnology held a EUR 64.75m final close for its predecessor fund in 2017