France had not been home to a private equity transaction worth more than €1bn since the summer of 2011 – a dry spell broken in February, when Ardian entered exclusive talks with construction and concessions firm Vinci to back the buyout of its Vinci Park division for an enterprise value of €1.96bn (around 9x EBITDA).
Merchant Banking Division of Goldman Sachs to buy a majority in the French budget hotel chain
GP is currently investing via its second fund, which held a final close on €235m in February 2017
Fresh capital will be used to accelerate Modulr's growth in the UK and expand in Europe
Wagestream has raised a total of £40m in the latest round, including a £25m credit facility