GP BC Partners, Canadian pension fund PSP Investments and other minority co-investors have sold their stakes in France-based Antelliq (formerly Allflex), a devices provider for animal identification and traceability, to US-based Merck in a deal valued at more than €3bn.
New firm will target lower-mid-market enterprise and financial technology businesses in Europe
Previous round for France-based fintech startup PayFit was a €14m series-B in 2017
ECM will use equity from its German Equity Partners V fund, which closed on €325m in June 2018
GP invests from its €2bn fund Investindustrial VI, which targets European mid-market companies