DACH unquote
DACH manufacturing slump puts strain on deal-doing
With confidence hitting a low point in DACH's manufacturing sector, PE investors have to navigate a winding road to find opportunities
KKR in talks to acquire minority stake in Axel Springer
Axel Springer's largest shareholder, Friede Springer, and CEO Mathias Döpfner will not sell their stakes
Mutares acquires Keeeper
Keeeper generated revenues of €65m in 2018, mainly from German and Polish customers
Riverside backs Actineo
Riverside is currently investing from Riverside Europe Fund V, which closed on $340m in 2017
Gimv acquires Smart Battery Solutions
Gimv typically invests between €5-50m in companies with enterprise values of up to €200m
New investor Fond Of contributes to HTGF III
HGTF's third vehicle, High-Tech Gründerfonds III, held its final close on €316.5m in May 2018
Ekkio backs Mediliant
Mediliant is the fourth investment completed via Ekkio Capital IV, closed in May 2018
Ardian acquires Sintetica
In 2018, Sintetica reported revenues of CHF 75m, up from approximately CHF 60m in 2017
BM-T exits Hasec in trade sale
Scanfil has wholly acquired Hasec for €10.25m worth of Scanfil shares and liquid assets
DMH acquires WT Systems
WT Systems filed for insolvency in February 2019 and Scultze & Braun was appointed administrator
One Peak Partners et al. invest €15m in Quentic
One Peak Partners and Morgan Stanley Expansion Capital invested €22m in Quentic in 2017
Consortium invests in seed round for Kiutra
High-Tech Gründerfonds writes equity tickets of €500,000-3m and Apex Ventures invests €500,000
SoftBank leads $484m series-E for GetYourGuide
Temasek, Lakestar, Korelya Capital, Heartcore Capital and Highland Europe also participate
Auctus buys QuinScape with new fund
QuinScape plans to implement a buy-and-build strategy and will geographically expand
Capvis acquires Xovis from Emeram
Emeram and the management team invested in Xovis in 2016, with Emeram taking a majority stake
EQT, ADIA to acquire Nestlé Skin Health in CHF 10.2bn deal
Auction process saw KKR, a consortium of Advent International and Cinven, and Unilever as bidders
MIG in $25m series-C for Cynora
Investors include family office Wecken & Cie, SBI, Dboled and SRF Partners Group
H&F, Blackstone's offer for Scout24 rejected by shareholders
Scout24's management and supervisory boards supported the consortium's offer of €46 per share
SHS invests in Betterguards
Betterguards is SHS's third investment from SHS V, which held its first close in 2018 on €90m
VCs exit Greenergetic
Innogy's owner, RWE, first became invested in the company in 2015 and invested again in 2016
Yabeo-backed CommitMed merges with Prosenio
Prosenio, the merged company, will generate more than €16m in sales and will employ 60 people
Arcus Capital, BE acquire Sendmoments
Management has retained a 35% stake, BE has taken a minority stake and Arcus has taken the majority
Buy-and-build drives consolidation in DACH
Last year saw the second highest volume of bolt-on deals in the DACH region in the post-2008 era
VCs sell Therachon to Pfizer for $810m
Pfizer will acquire Therachon for $340m with $470m in additional, conditional payments