Technology
Odin Groep awards exclusivity to Apax Partners
Fortino Capital-backed Odin Groep is being marketed based on annual EBITDA of EUR 30m-33m
Goldman Sachs, 83North et al. in USD 335m round for Exotec
France's New Unicorn, Exotec, reaches valuation of USD 2bn following investment round
Verdane closes debut impact growth fund on EUR 300m
Verdane Idun I will deploy tickets in a sweet spot of EUR 10m-15m, making 20-25 deals in total
Mayfair acquires 60% stake in LoopMe
LoopMe had revenues of USD 100m in 2021, after growth of around 50% per annum for the past three years
Altimeter, Dragoneer et al. in USD 1bn round for Checkout.com
UK-based payments processor reaches a valuation of USD 40bn following the Series D
Highland, HPE Growth's WeTransfer announces intention to float
WeTransfer's offer contains a private placement of newly issued shares of around EUR 160m
Sequoia, Fidelity in EUR 628m investment round for Bolt
Ride-hailing service reaches a valuation of EUR 7.4bn, up from EUR 4bn at its last funding round in August 2021
Nordic Capital invests in PE-backed RLDatix
Existing investors TA Associates and Five Arrows will retain their majority stake in the business
Bregal invests in Redstor; Beech Tree exits
Bregal Milestone intends to support the data management software with its US expansion
TA, LEA to merge Enscape, Chaos
LEA bought Enscape in 2020
Tiger Global, TCV et al. in EUR 486m Series D for Qonto
Tiger Global and TCV led a Series D round alongside eight new investors
Getir to raise more than USD 1bn at USD 12bn pre-money valuation
Getir raised a total of USD 1.1bn in three consecutive rounds in 2021
Tikehau Ace Capital buys PCB manufacturer Elvia
Elvia is the largest printed circuit board manufacturer in France, according to the acquiring GP
Tikehau, Abénex in exclusivity for Proprietes-privees
Sparring Capital first acquired the France-based real estate selling platform in 2016
General Atlantic leads EUR 254m round for PayFit
HR and payroll software developer is valued at EUR 1.82bn; its existing backers include Eurazeo and Accel
Axcel buys Picca Automation
Company sells industrial automation and software packages to the public and private sector in Denmark
Verdane reaps 4x in USD 360m Brightpearl exit
Shareholders including Cipio Partners and Notion Capital are also selling their stakes to Sage Group
Livingbridge buys Quorum; Maven reaps 6.5x
Maven invested in the cybersecurity company in June 2020 via its venture capital trusts
Ergon acquires telecoms company Satlink from Artá
Ergon Capital Partners acquires a majority stake in Satlink from Artá Capital
Permira closes second growth fund on USD 4bn
Luxembourg-registered Permira Growth Opportunities II has made four investments so far, all in the US
Nordic Capital exits Vizrt; reinvests via secondary vehicle
Vizrt's revenues doubled during Nordic Capital's six-year tenure, driven partly by the 2019 acquisition of US peer NewTek
Clessidra acquires Impresoft
Impresoft was expected to have an enterprise value between 9x-11x its 2021 EBITDA
Cegid sponsor could pursue IPO among mid-term exit options
Mandates could be awarded in the first half of next year, one source says
Livingbridge sells Southern Communications
GP appointed Oakley Advisory to launch the sale over the summer