Unquote
Multiples Heatmap: average entry multiple hits 10.5x as dealflow recovers
The UK and Ireland was the hottest region for multiples in Q3, also seeing the largest increase in valuations of any region
Aberdeen secondaries fund on track for early 2021 final close
Secondary Opportunities Fund IV has raised more than half of its $500m target
Covid-19, oversubscribed funds fuel interest in early secondaries
Early secondaries are tipped to become more plentiful in the coming months, but market observers urge caution to mitigate potential pitfalls
ICG launches new secondaries fund ahead of schedule
Strategic Equity IV is the firm's fourth vehicle dedicated to GP-led secondaries
Unquote Private Equity Podcast: LP perspectives
Elias Korosis from Hermes GPE joins the Podcast to discuss co-investments, fund financing and the outlook for 2021
The Deals Pipeline
A highlight of deal processes underway and involving PE, either on the buy- or sell-side, across Europe
TA Associates appoints new head of IR
Andrew Harris served in investor-focused roles at Advent International for more than eight years
Värde Dislocation Fund closes on $1.6bn
Fund has a global mandate to pursue a mispriced, stressed and distressed credit
Private equity ramps up divestment efforts
Exit activity jumped by 50% in October, back to pre-pandemic levels, according to Unquote Data
Buyout rankings: who has invested most across Europe since April?
EQT, Ardian and KKR remained very active and struck sizeable deals amid the coronavirus turmoil
Fountain Healthcare Partners III closes on €125m
Fund is dedicated to investments across the life sciences sector, with a focus on therapeutics and medical devices
Mutares carves out two units from Gea Group
Deal includes the companies' sites located in France and the Netherlands, with a total of 230 employees
MCH sets up continuation fund to retain Europastry stake – report
Spanish GP rules out an exit of the patisserie business via either a stake sale or an IPO
Preparing for the turnarounds wave
The much-anticipated wave of distressed opportunities has failed to materialise so far, but market participants are still readying for an uptick
Sponsor-lender relationship faces stiff Covid-19 test
GPs' relationships with their existing banks and debt funds will remain key to managing the ongoing consequences of the crisis
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Claret Capital takes over Harbert European Growth Capital
Claret secures the GP and its funds, and hires the entire HEGC investment team
Secondaries update: Unigestion's David Swanson
Secondaries activity is recovering from the initial coronavirus-related shock, with good prospects for GP-led secondaries deals
The Deals Pipeline
A highlight of deal processes underway and involving PE, either on the buy- or sell-side, across Europe
Ardian bolsters buyout team with five new MDs
Scarlett Omar Broca and Heiko Geissler join in Paris and Frankfurt, respectively
Blackstone Core Equity Partners II closes on $8bn
BCEP II follows a long-hold private equity strategy, with an investment period of 15 years
Digital doctors here to stay as telemedicine deals surge
Rise in demand for telemedicine т and promising returns for investors that have been targeting the space т looks set to continue
Pantheon appoints Cashion as co-investment partner
Matt Cashion joined Pantheon's New York office earlier in October
Unquote Private Equity Podcast: Partnering for portfolio management
Oliver Jones and David Wardrop discuss the potential for new investment opportunities in a post Covid-19 environment