Southern Europe unquote
SPACs offer flotation alternative for Italian GPs
Special purpose acquisition companies are gaining traction in Italy, offering an alternative exit route for GPs
United Venture's Moneyfarm buys Ernest
Bolt-on follows Moneyfarm's series-B round led by Allianz SE Ventures in September 2016
Kartesia leads €52m round for Aten Oil
Funding round includes a €45m unitranche loan and an additional €7m convertible loan
Amundi buys minority stake in RCF Group
Deal is the first acquisition in the Italian market for the French fund manager
GP Bullhound opens Madrid office
Adviser says the opening is in response to a growing need for tech advisory services in Spain
Italian borrowers open up to private debt
Alternative lending is gaining momentum in Italy, with the leveraged finance market more lender-friendly than in neighbouring mature markets
Rakuten, Cathay lead €30m series-B for Glovo
Backers include existing investors Seaya Ventures, Entrée Capital, Caixa CR and Bonsai Venture
Wise sells 2.43% stake in Openjobmetis
Two years after the IPO, the GP will retain a 0.12% stake in the Italian recruitment business
Argos Soditic backs Fabbri Vignola SBO
French GP acquires the business from its peers Lincolnshire Management and Igi
Springwater sells Delion four years after carve-out
GP acquired the business from multinational information technology business Indra in July 2013
KKR-backed Selecta buys Argenta
Motion Equity Partners exits, having originally backed the business in 2007
Alchemy exits Endeka via trade sale
UK-based special situations investor sells the ceramic business three years after a debt-for-equity swap
Alcedo backs Agrimaster SBO
Deal sees Italian buyout house B4 Investimenti fully exit the business after three years
Black Toro acquires majority stake in Amichi
Deal follows the completion of the company's restructuring and reorganisation process
Sherpa's Galloplast bolts on NCA
GP is aiming to consolidate the Spanish plastic colourants and additives sector
Kibo Ventures leads €2.5m round for Bipi
Backers include business angels and existing investors B4Motion and Stella Maris
F2i, Marguerite buy KPNQWest Italia
Investors aim to integrate the asset and two other portfolio companies into a single platform
Alpha exits Pavan via trade sale
Deal sees the private equity sponsor fully exit its controlling stake after two and a half years
Providence's Nace buys majority stake in KC School
Deal is the second acquisition for the GP in the Italian market since 2011
FII holds first closes for PE and VC vehicles
Italian sovereign fund Cassa Depositi e Prestiti acted as anchor investor for the two vehicles
Oquendo buys Demeter and Axis's Suaval
Vendors have fully exited the isolation material business after a three-year holding period
Investindustrial merges Emeru with ProA's Ambuibérica
GPs merge portfolio companies to create consolidated medical transportation business
HIG sells Tres60 via trade sale to Mediapro
GP fully exits the Spanish audio visual business after a five-year holding period
PEP's IDB bolts on Cenacchi International
Deal is the second bolt-on since the design-dedicated group's foundation in May 2015