Technology
Raise heads for second close for debut impact VC fund
French sponsor seeks to attract state-backed LPs for new strategy targeting ESG-focused startups
Ufenau acquires EinzelNet in first deal with Fund VII
Management and founders will retain a 25% stake in the Spanish IT services group; bolt-ons planned under new owner
Advent raises USD 25bn for GPE X
Around 40% larger than its predecessor, the new fund was raised in less than six months, managing director Johanna Barr tells Unquote
Monterro collects first round bids in Outpost24 auction
Swedish cybersecurity company could fetch around EUR 400m based off 8x-12x ARR
Verdane scores 5x MOIC in partial exit of Inriver to THL
Majority investment from THL Partners sees Verdane retain a minority stake in the Swedish company
IK to sell 2Connect in SBO to Rivean
Management of the Dutch cable and connectors manufacturer will reinvest in the transaction
Horizon picks Moelis to advise on Sabio auction
Sale of UK digital customer experience transformation company is likely to launch in Q4 2022
Portobello Structured Partnership holds EUR 250m final close
Vehicle is the GP's first dedicated fund for minority stakes in Southern European mid-market companies
Hg to sell Itm8 to Axcel, Chr. Augustinus Fabrikker
Danish IT services company will merge with Axcel-backed AddPro to form a new group with DKK 2.6bn revenues
Earlybird holds EUR 350m final close for Digital West VII
Fund is double the size of its predecessor to keep pace with the market, Earlybird's Hendrik Brandis said
Podcast: In conversation with... Mark Corbidge, Sun European Partners
Sun European Partners' Mark Corbidge tells Unquote about the GP's strategy and current market view
FPE holds GBP 185m final close for third fund
B2B software and services-focused GP plans to seize bolt-on opportunities amidst strong dealflow
Horizon Capital readies Digital Space for sale
Auction of the UK IT services company is expected to launch in the second half of the year
Civica owner Partners Group expected to retry sale this year
Sponsor has kept an open mind about options for the IT services group after calling off a Goldman Sachs-led auction last summer
EMH buys minority stake in Genui-backed Acrolinx
Genui remains the majority owner of the German AI-enabled intelligence software business
Endeit Capital extends third fund to EUR 303m
Fund's EUR 250m 2021 final close has been extended by commitments from the KfW and existing LPs
AIB, Foresight launch SME Impact Fund with EUR 75m target
Fund has a EUR 30m commitment from AIB and expects to back its first Irish SMEs in Q3 2022
Hg-backed Visma weighs sale of Custom Solutions division
Sale could be part of the Norway-based software and IT group's streamlining efforts ahead a potential IPO
Warburg Pincus hires SAP exec to advise on tech
Irfan Khan joins from president of SAP HANA Database and Analytics; will help the GP identify new investment opportunities
Seaya launches EUR 300m sustainable venture capital fund
Seaya Andromeda held first close on EUR 130m backed by Iberdrola, Nortia and Fond-ICO Next Tech
Teachers' Venture Growth leads Alan's EUR 183m Series E
Temasek, Index, Coatue, Ribbit Capital, Exor, Dragoneer, and Lakestar also joined the round which values Alan at EUR 2.7bn
Force Over Mass gears up for Fund V
UK-based VC to start fundraising for new EUR 150m vehicle in the summer, following full deployment of its fourth vehicle
Cipio holds EUR 202m final close for Fund VIII
Technology growth capital and primary buyout vehicle plans to make four to six deals per year
Nordic Capital readies Signicat for dual-track exit process
Morgan Stanley appointed to guide on options for Norwegian digital identity and signature solutions provider
