Technology
Verdane steps up DACH activity with four new investments
GP has made a growth investment in Meister and majority investments in PremiumXL and Remember
Permira makes EUR 1.9bn investment in Adevinta
Deal will see eBay decrease its stake in Adevinta as part of the acquisition of eBay Classifieds
Ufenau sells Swiss IT Security to Triton for 12x money
GP also netted 150% IRR on the sale, having acquired the company in 2017, and following 17 add-ons
Bain Capital, Thrive lead €126m round for Pleo
Company was founded six years ago and has since raised nearly тЌ200m over three funding rounds
True holds £275m final close for third fund
Consumer-focused GP raised the fund in a six-month virtual process and surpassed its ТЃ250m target
Ashridge scores 1,439% IRR on Marclay after four-month hold
Ashridge invested in the UK-based cybersecurity and incident response firm in February
Bid Equity sells Myneva to Summa
Bid Equity had reportedly mandated GCA Altium to consider sale options at the beginning of the year
Unigestion holds €611m final close for second Direct fund
Fund surpasses its тЌ600m target and is more than 40% deployed
Polaris sells ProData Consult to Axcel
Axcel reportedly pays nearly DKK 2bn (тЌ269m) for the company, suggesting a 13.3x EBITDA multiple
Carlyle injects €60m into Inova
GP invests via Carlyle Europe Technology Partners IV, a €1.4bn fund closed in 2019
Livingbridge buys majority stake in VC-backed Semafone
Octopus Ventures and BGF exit the data security and compliance software developer
Five Arrows invests £120m in Causeway Technologies
Deal follows the GP's ТЃ300m SBO of Sygnature Discovery from Phoenix Equity Partners
Altor buys Palette Software from Monterro
Monterro's exit comes six years after it acquired a minority stake in the company
Hg, Vista Equity Partners to sell Allocate to trade
Sources told Mergermarket in May that the company could fetch a valuation of around ТЃ1bn
Riverside buys Danish cybersecurity firm Cryptomathic
GP was supported by its institutional co-investors on the deal and plans to carry out add-ons in the cryptography space
Cross Equity, Pinova sell Rademacher to trade
GPs acquired the Germany-based smart home systems business in 2014 from Nord Holding
Perwyn buys majority stake in JT's IoT division
Jersey Telecom will retain a minority stake in the company, which is valued at ТЃ200m
Argand, Genui-backed Cherry to float in €778m IPO
Computer hardware firm was valued at around €200m when Argand took a majority stake in 2020
Leta launches $100m fund to back Russian-speaking founders
GP will focus on eastern European and Russian-speaking founders who it believes are undervalued and overlooked for funding
High-Tech Gründerfonds to launch fourth seed fund
Fund expects to launch its official fundraising process in September 2021, subject to BaFin approval
Emeram sells Meona to Trill Impact
GP bought the clinical software platform in 2017, investing via its €400m debut fund
Blackstone leads €665m round for software developer Mollie
Company will use the funding to scale up its team, expand globally, and further develop its technology
ABN Amro launches €425m Sustainable Impact Fund
Fund will make PE and VC investments in the Netherlands and neighbouring countries
Oakley Capital acquires Primavera for Ekon merger
GP invests via Oakley Capital III fund, will combine the asset with existing portfolio company Ekon