Acquisition finance
Avedon's SLF acquires STI Bearings
Acquisition of the industrial ball bearings producer aims to grow SLF's client base
Waterland's Netgo bolts on CSM MeinSystemhaus
IT service Netgo is pursuing a buy-and-build strategy and acquired Commehr and Workbees in July 2020
Waterland's Enreach bolts on HeroBase
Prior to the add-on, Enreach reported revenues of €50m following several bolt-ons completed in 2019
Borromin-, Kempen-backed Wilvo acquires GFM
Borromin (then Steadfast) and Kempen acquired the Netherlands-based metal parts producer in 2019
GP-backed SSI Diagnostica acquires CTK Biotech
Deal comes four years after the GP carved out SSI Diagnostica from the Danish government for DKK 250m
Waterland's Beck Et Al buys InfoWan
IT cloud service group now comprises four businesses and was formed by Waterland in May 2020
Gilde's Raak Metals buys Stolwerk Metaal
Add-on is the first since GIlde Equity Management bought a majority stake in Raak in February 2020
Bolster Investments buys minority stake in Infoplaza
Weather data provider uses the proceeds to fund the acquisition of market peer Weeronline
Verium-backed Tavola acquires Frische und Service
Tavola already owns Frische und Service's Swiss market peer Ceposa, which it acquired in 2018
IK sells Aposan to Ardian-backed Santé Cie
Sale ends an investment period of almost four years, during which revenues and EBITDA doubled
Waterland's Netgo makes two bolt-ons
Berlin-based Commehr and Workbees mark the third and fourth bolt-ons for the IT service
Auctus-backed PharmaLex buys Regulis Consulting
Deal is the consultancy's second bolt-on in 2020; it expects to generate 2020 revenues of €120m
Ufenau's Swiss IT Security buys Keyon
IT security firm has made 13 add-on acquisitions since Ufenau's investment in November 2017
Emeram's Matrix24 acquires FireScope
Acquisition of the US-based company is Matrix24's second bolt-on during the investment period
Mutares-backed Plati bolts on Nexans Metallurgie
Add-on acquisition comes via a carve-out from cable producer Nexans
Silver Investment Partners-backed Alvara bolts on IT Kompetenz
GP also supported the bolt-on of cash management software company Zeiser Group in May 2019
Trilantic's Doppel bolts on Dietopack
Trilantic Europe said in a statement that its healthcare companies have made seven bolt-ons in 2020
Waterland makes two bolt-ons for Athera
Physiotherapy provider was formerly known as Rehacon, but has announced the launch of new branding
Waterland's Coeo Inkasso bolts on Netherlands-based CIB
Deal marks Coeo's Benelux market entry and was financed with equity from the GP and both companies
Russmedia-backed Erento buys Campanda
Online camper van rental company's venture backers, including Accel and BtoV, sell their stakes
PE-backed Eight Fifty Food Group buys M&M Walshe
Post-acquisition, Eight Fifty's revenues are expected to increase to approximately £1.4bn.
Main Capital-backed GBTec buys Avedos
Deal is the first add-on for the Germany-based process management software company
Triton-backed Univativ buys majority stake in Opus One
GP invested in the Germany-based recruitment firm via its Smaller Mid-Cap Fund in June 2017
VR Equitypartner-backed Kälte Eckert buys Gartner Keil & Co
Deal is the second add-on for the Germany-based cooling systems and cold storage specialist