Sector
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
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
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
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
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
SICI backs Italian foundry 3M
Company plans to boost its technological development and bolster its international expansion
Pinova invests in Raynet
GP is investing in the IT service via Pinova II and plans to make two more deals from the fund
Riello buys Garmont International
GP invests in the company via Italian Strategy Private Equity Fund, which deploys tickets in the €5-30m range
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
Miura sells Equipe Cerámicas to Mandarin's Italcer
Miura reinvests in the deal alongside Mandarin and retains a minority stake in the combined group
VCs in €200m round for Volocopter
New investors in the urban air mobility company include BlackRock and Avala Capital
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
Phoenix invests in Setfords Law; BGF exits
Phoenix will acquire a majority stake in the legal network; BGF invested ТЃ3.75m in Setfords in 2016
Equistone acquires Franke Water Systems
Carve-out comprises kitchen and bathroom fittings businesses Water Systems Commercial Group and KWC
August Equity sells PCS to BC Partners' VetPartners
Sale ends a six-year holding period for August, which invested in the company via its ТЃ200m August Equity Partners III fund
Bowmark, LDC sell Node4 to Providence
IT business was expected to fetch a valuation in excess of ТЃ300m, based on a 15x multiple
OTPP, KKR to buy Caruna from First Sentier Investors, Omers
Following deal completion, KKR and Ontario Teachers' will each own 40% in the company, followed by AMF Pension with 12.5%, and Elo Mutual Pension Insurance Company with 7.5%.
Biotech market provides dose of optimism
In the past year, the biotech market has seen buoyant activity, reaching record levels of investments
Synova sells Tonic Games to Epic, nets 200% IRR
Exit closely follows that of Fairstone Group to TA, which resulted in a 4.5x return
CBPE invests in Mindera
Software systems developer is the GP's first investment from its ТЃ561m CBPE X vehicle
Tikehau to become majority shareholder in Cruiseline
Following the deal, Montefiore retains a minority stake and a seat on the company's board
Beyond Black holds first close for Pledge Fund I
Following the тЌ20m first close, the Berlin-based VC aims to launch a larger cleantech-focused fund
Inflexion invests in DR&P Group
GP is acquiring a majority stake in the insurance broker via Inflexion Enterprise Fund V
Tiger Global et al. in €178m round for Vestiaire Collective
Previous backers Eurazeo, BPI France and Vitruvian Partners also take part in the investment