Acquisition finance
FSN's Fellowmind bolts on ProActive
Add-on follows the GP's acquisition of the IT consultancy in November 2019 via FSN Capital V
Halder buys Sirag, Univer and Uniprod
Add-ons to the portfolio companies and Drumag and EPH will expand the buy-and-build Valeta Group
Cross Equity-backed WDM buys Midrahtec Drahtwaren
Cross Equity Partners acquired a majority stake in WDM in January 2018
Waterland-backed Netgo acquires Mehrwerk
Acquisition of the business software platform is the second add-on in Netgo's buy-and-build strategy
Tenzing-backed Ticketer buys Fara
UK-based bus ticketing company Ticketer was acquired in 2018 and will now expand to the Nordic region
VR Equitypartner-backed Kälte Eckert acquires Günther Kältetechnik
VR Equity Partner is following a buy-and-build strategy with the cooling systems company
Waterland-backed Enreach buys Masvoz
Masvoz acquisition is the fifth bolt-on since the GP acquired Enreach in July 2018
Waterland-backed Netgo acquires ComNet
Transaction is the first in the GP's buy-and-build strategy for Netgo
Nordic Capital's Acino acquires Takeda's primary care portfolio
Coller Capital and Goldman Sachs acquired a stake in Acino in 2018 in a GP-led secondary transaction
Main Capital-backed Assessio buys HFM Talent Index
Sweden-based Assessio Group adds on HFM Talent Index to improve its product offering
Capvis-backed Felss Group acquires HMP
In 2017, Capvis purchased a majority stake in Felss using its 2013-vintage Capvis Equity IV
Waterland-backed Rehacon bolts on Anita Brüche
Waterland acquired a majority stake in Rehacon, a physiotherapy provider, in January 2019
Clyde Blowers sells Hydreco to Alcedo-backed Duplomatic
Hydreco was acquired in 2008 by Clyde Bowers' £250m second fund, which made six investments in total
AnaCap-backed Heidelpay bolts on Alpha-Cash
Alpha-Cash is Heidelpay's second acquisition in 2019 and its fifth since Anacap's first investment
Main Capital-backed GoConnectIT bolts on Swiss Knife
Main Capital's portfolio company makes second acquisition since the firm bought GoConnectIT in 2017
LBO France-backed My Media Group bolts on Peak Ace
My Media Group has been considering targets in France, Germany and the UK since July 2018
AnaCap-backed Heidelpay bolts on Universum
Acquisition of Universum is the fifth bolt-on for the Germany-based payments service provider
Omers-backed Trescal makes two overseas bolt-ons
French calibration services specialist buys Texas-based MATSolutions and Asia-based NorthLab
GPF-backed Grupo Malasa bolts on Grupo Noa
Grupo Malasa expects to expand further and reach combined revenues of approximately €130m in 2018
Tenzing's Smoothwall makes first bolt-on with Future Digital
Lower-mid-market investor bought the Leeds-based web filtering technology provider last year
Keensight-backed Pixid buys Carerix
Keensight invested in Pixid, a French online management system for temporary work, in 2015
Adiuva Capital-backed AC Dental buys NT Dental
Adiuva generally makes investments between €5-40m for majority and minority positions
Egeria's Ilionx bolts on QNH
Following the deal, Ilionx and QNH will create a large ICT service provider with revenues of €100m
Bridges-backed Viva Gym acquires Fitness Hut
Bridges made a further investment from Fund III to finance the bolt-on acquisition