Technology
Capza Growth Tech Fund eyes €250-300m target
Fund invests in tech companies across continental Europe, with the aim of boosting their expansion
Ferd acquires IT firm Norkart
Mergermarket reported in December 2020 that Norkart was being marketed based on EBITDA of around NOK 83m (тЌ7.8m)
Main Capital acquires Foconis
GP plans to support add-ons for the financial services software platform as part of its growth
Emeram, Gimv acquire Sofatutor; VC backers exit
Previous investors in the online learning platform include Acton Capital, Frog Capital and IBB
Ethos invests in People Value
In addition to the equity deployed by Ethos, Harwood Private Capital provides senior debt to support the deal
VCs in $170m round for trading platform Bitpanda
According to Unquote Data, the round is the largest ever recorded for an Austrian company
BC Partners acquires Davies
Existing investors, US-based PE firm HGGC and Canadian firm AimCo, will remain invested with minority stakes
Apax buys Lutech from One Equity
Sale ends a four-year holding period for One Equity, which acquired a majority stake in Lutech via One Equity Partners VI
Activa Capital buys Cityzen
This is the first deal made by Activa Fund IV, which recently held a first close on more than €100m
DBAG's FLS merges with Impactit, Städtler Logistik
All three route-planning and logistics software companies will now operate as Solvares Group
CBPE sells Xceptor to Astorg for 10.8x return
Sale ends a four-year holding period for CBPE, which bought a majority stake in Xceptor from SVG Capital
HIG sells Infinigate to Bridgepoint
HIG invested in the cybersecurity service in 2017 and supported its European expansion
OpenOcean and Spintop lead €3.6m series-A for Cambri
Lynda Clarizio, former president of Nielsen US Media, joins the board of directors
ByFounders leads $4.6m seed round for Proper
Other investors include PreSeed Ventures, Prehype, Vaekstfonden and Bjarke Ingels
FPE sells Masstech to Genstar's Telestream
This is the second exit made by FPE Fund II, following the sale of intelligence provider IWSR to Bowmark
Epidemic Sound raises $450m from EQT, Blackstone
Deal values the Swedish royalty-free music platform at $1.4bn
Owl Ventures, Full in Partners lead $35m round for Preply
Round includes participation from Point Nine Capital, Hoxton Ventures, EduCapital, Diligent Capital, Evli Growth Partners and All Iron Ventures
Bridgepoint Development Capital backs IDHL
GP is investing via Bridgepoint Development Capital IV (BDC IV), which closed on ТЃ1.5bn in September 2020
FPE Capital backs Codestone
This is the ninth investment made by FPE Fund II, which held a ТЃ100m final close in October 2017
Nordic Capital partly acquires Boost.ai
Shareholders Finstart Nordic and Alliance Venture will continue as investors alongside Nordic Capital
Bid Equity's Myneva bolts on Patronis, TTS
Social care and healthcare software platform is following a buy-and-build strategy
FSI et al. sell Cedacri to Ion for €1.5bn
FSI intends to reinvest in Cedacri as a minority shareholder, doubling the capital deployed in 2017
Inflexion buys minority stake in Systal
Investment in the managed IT network service is the GP's third deal to be announced in March 2021
Quantifying PE's appetite for recurring revenue models
Buyouts in sectors where recurring revenue models are predominant went from 8% of European volume in 2010 to 22% in 2021 to date