Technology
Battery exits Forterro to Partners Group for EUR 1bn
New owner to expand London-based ERP provider with organic growth initiatives and acquisitions in adjacent geographies, sub-verticals
Hg explores ITM8 exit advised by Raymond James
Sale of Danish IT services asset is expected to kick before the end of this quarter
PSG eyes second European fund
PSG Europe II has a EUR 2.5bn target; its predecessor closed on its EUR 1.25bn hard-cap in 2021
WestBridge exits bChannels to trade for 4.2x money
WestBridge acquired the UK-based technology marketing firm in a GBP 3.5m SBO in 2014
Battery Ventures launches Forterro sale via Arma Partners
Information memoranda for the GBP 50m EBITDA ERP software group have already been distributed to prospective bidders
Evoco makes three-company Austrian portfolio deal
Deal sees the GP acquire companies from AWS Mittelstandsfonds including medical technology firm AMI
Digital Horizon set for USD 200m Fund II first close in Q2 2022
VC started marketing the fund in December 2021 and has USD 100m in soft commitments to date
SoftBank leads USD 230m secondary placement for Gousto
Fidelity International, Grosvenor Food & AgTech, Railpen join the UK recipe box company's share register
Equistone buys Eperi, VC backers exit
BtoV and Evolution Equity Partners had previously provided funding for the data cybersecurity firm
Backed VC raises EUR 150m across two new funds
Core 2 will make seed deals; Encore 1 will back later-stage rounds for the VC's existing portfolio
Vaaka invests in digital staffing company Bolt.Works
GP will aim to support Finnish digital staffing company in global expansion
Blackstone Growth leads EUR 500m round for Relex Solutions
Finland-based software company was valued at EUR 5bn in latest fundraise
Apax France promotes Capelle to partner in tech, telecoms team
Private equity firm's 14th partner heads a team of 12 to cover the technology and telecoms sectors in Europe
Tiger Global leads USD 200m Series C round for Genesis Global
New funding will accelerate the company's buy-and-build model
HV Capital forms EUR 430m continuation vehicle for 2010-2015 funds
Investments from HV IV, HV V and HV Coinvestment Fund, including FlixMobility, will be transferred
DBAG registers latest Expansion Capital Fund
GP's expansion capital strategy invests in DACH-based media, telecoms and technology companies
Star Capital hires Jefferies for Datacenter One exit
The German co-location and datacentre services provider is likely to be marketed based on EUR 15m EBITDA
Astorg closes Mid-Cap Fund on EUR 1.3bn
Fund will target EUR 150m-500m EV deals, expanding on Astorgтs current flagship strategy
Aleph Capital leads EUR 100m Series D for InterCloud
The fundraise comes three years after a EUR 22m Series C
SD Worx minority stake sale process attracts PE interest
Morgan Stanley is in pole position to secure the sellside mandate for the Belgian HR and payroll software group
Motive, CPP Investments in USD 1.4bn equity raise for FNZ
The deal values the London-based wealth management platform at more than USD 20bn
Peach sponsor Inflexion preps exit via Raymond James
Auction of UK video advertising company is scheduled to commence shortly
Warburg Pincus leads USD 150m round for Scandit
Switzerland-headquartered barcode scanning software is valued at more than USD 1bn
Permira, Blackrock lead USD 312m round for GoCardless
Europe's new tech unicorn reaches a valuation of USD 2.1bn following latest funding round