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The Bolt-Ons Digest – 1 April 2022
NorthEdge's Correla; LDC's Omniplex; QPE's Encore; Cinven's Barentz, Tenzing's Jeffreys Henry, and more
AP Moller, Biogroup among final bidders for Waypoint's Affidea
Final offers for the pan-European outpatient group are expected in a couple of weeks
Lightrock announces promotions, board appointments
Impact investor expects to turn its focus to new deals in 2022 and grew its team by 30% in 2021
Azalea holds USD 100m first close for sustainability fund-of-funds
Fund-of-funds will invest in managers focused on ESG and positive environmental and social impact
CVC's Amsterdam IPO move adds impetus to calls for LSE reform
CVC Capital Partnersт reported preference for Amsterdam as a potential home for its shares shows that Londonтs regulatory regime still needs to be far more flexible, several sources said.
CD&R appoints European portfolio procurement director
Marta Benedek joins Clayton, Dubilier & Rice following a 20-year stint at General Electric
Turning to powder: European take-privates take pause
Public to private transactions are off to a slow start this year but lower prices on stock markets could encourage dealmaking again
The Bolt-ons Digest – 18 March 2022
KKRтS Biosynth Carbosynth, Agilitasт Cibicom, Apaxтs Graitec, Cairngorm's Verso, Altor's Trioworld, and more
KKR hires Workday co-CEO as tech advisor
Chano Fernandez will focus on the enterprise application software segment in Europe and the US
Gilde Healthcare closes fourth buyout fund on EUR 517m
Double the size of its predecessor, the new vehicle was oversubscribed and saw nearly all Gildeтs existing LPs investing
I Asset Management, BaltCap acquire Dr Vet
IAM has a specialist Petcare Growth Fund
ESG from 'nice to have' to prerequisite for almost all LPs – survey
Adams Street Partnersт 2022 Global Investor Survey gauged LPsт views of 118 LPs globally
Sponsors kick off 2022 with buyout volume down 13% year-on-year
Energy costs, inflation and war in Ukraine cloud deal activity but value holds up with average deal size on the rise
Cinven buys Bayer's Environmental Science Professional for EUR 2.4bn
It is the third industrial carve out by the GP since 2020
EQT invests in SNFL and IFG in second deal via Future fund
The fund launched in October 2021 with a target of EUR 4bn
HarbourVest closes ninth fund-of-funds on USD 1.6bn
New Europe and Asia Pacific vehicle will also allow secondary transactions and direct co-investments
Pantheon poaches Amyn Hassanally from Coller Capital
Hassanally will join as global head of private equity secondaries
GP Profile: BC Partners looks to steady deployment ahead of next fundraise
Head of IR Alexis Maskell details the GP's plans to lay strong foundations for when it next hits the road, possibly in H2 2023
Large-cap sponsors join philanthropic fund-of-funds
Advent, Bain, Cinven, Hg, Nautic and Permira join the scheme
BlackRock eyes new Secondaries & Liquidity Solutions fund
Strategy makes global mid-market secondaries deals and provides liquidity at GP level
ECI announces hires at IR, origination and investment teams
Adam Whitfield joins the mid-market firm as investor relations manager after close to five years at Rede Partners
Onex eyes fundraise for sixth fund
Predecessor vehicle was expected to be 78% deployed in December 2021 after acquiring TES Global
Pictet holds first close for healthcare fund-of-funds
Around 40% of the target USD 400m will be allocated to co- and direct investments
Lightrock gears up for Climate Impact Fund
Impact investing GP raised USD 900m for its Lightrock Growth Fund I vehicle in 2021