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Sector

Transactions in recurring-revenue driven sectors as a proportion of total buyouts
Quantifying PE's appetite for recurring revenue models

Buyouts in sectors where recurring revenue models are predominant went from 8% of European volume in 2010 to 22% in 2021 to date

  • Data Snapshot
  • 08 March 2021
3D printing machines for industrial clients
AM Ventures holds first close for 3D printing venture fund

Additive manufacturing-focused venture capital firm has a target of €100m for the vehicle

  • Venture
  • 05 March 2021
Cameramen and media broadcast services
LDC buys Sohonet from FPE Capital

With LDC's support, the company intends to boost its international growth and explore complementary acquisitions

  • Buyouts
  • 05 March 2021
Enterprise software
Goldman Sachs, Kennet sell Nuxeo to Hyland Software 

Goldman Sachs and Kennet Partners are expected to make a 5x return on their investment in Nuxeo

  • Exits
  • 05 March 2021
Digital identification software and cybersecurity
BGF-backed TIG bolts on ThirdSpace

Acquisition of the cybersecurity and identity firm is backed by BGF and Santander Growth Capital

  • Expansion
  • 05 March 2021
Laboratory testing services
BlackRock joins $100m series-C funding for Exscientia

Company plans to use the financing to expand its portfolio of drugs and grow its artificial intelligence capabilities

  • Expansion
  • 05 March 2021
Tech investing remotely
Consortium in $400m series-C for Hopin

Virtual event software was valued at $2.1bn at the time of its $125m round in November 2020

  • Expansion
  • 05 March 2021
Copenhagen 17th century waterfront Nyhawn
BlackFin acquires Fokus Asset Management

Acquisition will enable Fokus to strengthen its service globally and become the main point-of-contact for foreign investors wanting to access the Nordic real estate market

  • Buyouts
  • 05 March 2021
Selling clothes online
Korelya leads €157m round for Wallapop at €690m valuation

Previous backers Accel, Insight Partners, 14W, GP Bullhound and Northzone take part in the funding round

  • Expansion
  • 05 March 2021
Loyalty cards
Sharp focus on top assets boosts average multiple in consumer sector

Covid-resilient assets are the only ones coming to market, with suitably hefty price tags, says Clearwater's O'Donnell

  • Consumer
  • 05 March 2021
Blood samples and other clinical trial materials
Pride Capital sells stake in Kairos to trade

Direct lender invested in Kairos in 2018 and was part of Main Capital until its spin-out in 2019

  • Exits
  • 04 March 2021
Circuit boards and electronic components
One Equity Partners buys stake in Cicor Group

GP is to acquire a stake in the Switzerland-based circuit board producer from HEB Swiss Investment

  • PIPEs
  • 04 March 2021
Biotech drug discovery companies
KKR invests $100m in Nordic Bioscience

GP is investing from Health Care Strategic Growth Fund, which held a final close in November 2017 on $1.2bn

  • Expansion
  • 04 March 2021
Servers and data storage
Beyond Capital Partners sells Sysob to trade

GP invested in the IT equipment distributor in 2016 via BCP Fund I; it is on the road for Fund II

  • Exits
  • 04 March 2021
Aluminium components
SICI backs Italian foundry 3M

Company plans to boost its technological development and bolster its international expansion

  • Expansion
  • 04 March 2021
Enterprise software
Pinova invests in Raynet

GP is investing in the IT service via Pinova II and plans to make two more deals from the fund

  • Buyouts
  • 04 March 2021
Hiking holidays and adventure tours
Riello buys Garmont International

GP invests in the company via Italian Strategy Private Equity Fund, which deploys tickets in the €5-30m range

  • Buyouts
  • 04 March 2021
Biotech drug discovery companies
Summa-backed Olink files for US IPO

Olink has been backed by Summa Equity since March 2019 and increased its revenues by 16.7% in 2020

  • Exits
  • 04 March 2021
Equipe Ceramicas produces tiles
Miura sells Equipe Cerámicas to Mandarin's Italcer

Miura reinvests in the deal alongside Mandarin and retains a minority stake in the combined group

  • Exits
  • 04 March 2021
Volocopter makes urban airborne transport vehicles
VCs in €200m round for Volocopter

New investors in the urban air mobility company include BlackRock and Avala Capital

  • Expansion
  • 03 March 2021
Support services for entrepreneurs
Pinova sells Human Solutions, Avalution to Bridgepoint's Humanetics

Deal is a partial exit for Pinova; the GP will retain fashion design software platform Assist

  • Exits
  • 03 March 2021
Lawyers and corporate attorneys
Phoenix invests in Setfords Law; BGF exits

Phoenix will acquire a majority stake in the legal network; BGF invested £3.75m in Setfords in 2016

  • Buyouts
  • 03 March 2021
Shampoo and conditioner
Equistone acquires Franke Water Systems

Carve-out comprises kitchen and bathroom fittings businesses Water Systems Commercial Group and KWC

  • Buyouts
  • 03 March 2021
Pet crematoriums
August Equity sells PCS to BC Partners' VetPartners

Sale ends a six-year holding period for August, which invested in the company via its £200m August Equity Partners III fund

  • Exits
  • 03 March 2021
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