Southern Europe unquote
Alcedo could launch Agrimaster sale in late 2022
Italian GP bought the agricultural machinery producer in 2017 via a EUR 30m SBO from B4 Investimenti
Gemba Private Equity heads for EUR 25m close for debut fund
Spanish GP is looking to attract further LPs interested in the local mid-cap space
B4 Investimenti on track for new fund launch in late 2023
Italian GP plans to hit the road for Fund III after the end of its current vehicle’s investment period
Alcedo heads for June final close for Fund V
Italian GP has received EUR 230m in commitments to date for Fund V against a EUR 250m hard-cap
Ergon et al. sell Indo to PE-backed Rodenstock
Sherpa Capital and Oquendo Capital are also selling their stakes in the ophthalmic lenses producer
Portobello Structured Partnership holds EUR 250m final close
Vehicle is the GP's first dedicated fund for minority stakes in Southern European mid-market companies
Bravo Invest reaps 3x, 4.5x MM apiece in Arbo and MTW exits
With sales of Italian portfolio companies to NB Renaissance and DBAG, respectively, Bravo’s debut fund has now conducted four exits
Permira exits Althea to F2i and DWS
Deal will see the Italian group broken into two, with DWS owning the UK arm and F2i the Italian assets
Bregal Unternehmerkapital acquires Italgel
Specialty gelatine and collagen-based ingredients producer is the GP's second deal in Italy
Seaya launches EUR 300m sustainable venture capital fund
Seaya Andromeda held first close on EUR 130m backed by Iberdrola, Nortia and Fond-ICO Next Tech
Aksia and Alcedo in race for ready-meal producer Richetti
Italian company admitted a total of three parties to the second round of its KPMG-led auction
Alcedo exits Duplomatic in trade sale to Daikin Industries
Japanese group will pay EUR 220m for Italian valves and pumps maker, which saw revenues more than double since sponsor’s entry in 2017
Chequers weighs sale of textile chemicals maker Bozzetto
Sponsor will be advised by Lazard on the upcoming auction for the Italian producer of polymers and resins
Progressio exits Save the Duck to L’Occitane bosses
New owners pre-empted sale process for the Italian animal-free clothing brand; deals marks the second exit by Progressio’s Fund III
GBL acquires Affidea from B-Flexion
Formerly known as Waypoint, vendor is fulling exiting the pan-European outpatient group; new owner will invest EUR 1bn in equity
EQT pauses LimaCorporate auction
Sponsor is expected to reassess options for the Italian orthopaedic prosthetics producer after new CEO appointment
Advent buys IRCA in SBO from Carlyle
Bakery ingredients firm has a reported EV of EUR 1bn and is expected to post 2022 EBITDA of EUR 75m
Investcorp exits Agromillora to Edify
GP invested EUR 30m in growth initiatives since entry in 2016; founders of the Spanish plant propagation services group are reinvesting
Ardian readies Dedalus for controlling stake sale
Morgan Stanley and UBS are preparing an auction for the Italy-based hospital software group
Permira's Golden Goose in talks with banks over potential New York IPO
Italian high-end sneakers maker started discussing listing with advisers that helped it with a senior secured bond issuance last year
Corsair exits RGI to CVC
Financial services-focused sponsor Corsair acquired the insurance software firm from Ardian in 2018
Investcorp sells Dainese to Carlyle in EUR 630m SBO
The motorcycling protective clothing producer's revenues doubled during the investment period
Design Holding aims for pre-summer Milan IPO
Owners Carlyle and Investindustrial have appointed advisers for potential listing of the Italian furniture and lighting group
GED completes Vitro exit in single asset vehicle deal
GP reaps gross return of 4.0x invested capital and 38% IRR; deal follows sale of Vitro subsidiary to trade in January