New York-headquartered Valar Ventures has led a $28m series-B funding round for digital car subscription service Cluno, which is based in Munich.
Carve-out transaction sees special situation investor Mutares buy France-based TrefilUnion
Orlando drew capital from the €320m vehicle European Special Situations Venture Partners IV
Italian GP Alto Partners buys a majority stake in dermo-cosmetic business via its fourth fund
Predecessor fund held a €255m final close in 2017 after 21 months on the road