Belgium
Vendis closes third fund on €300m
Third-generation fund significantly surpasses Vendis II, which closed on €180m in 2016
Down 2 Earth Capital backs Bluecrux
GP invests in Belgian software developer Bluecrux via its Down2Earth Capital II fund
Investors complete €17m series-B round for Unifly
Series-B, started in Q4 2018, closes on €17m thanks to Belgian sovereign wealth fund
VCs invest €7m in CryoTherapeutics
Existing investors Creathor Ventures and Peppermint Venture Partners participate in the round
Integra holds second close on €75m for maiden fund
Fund held a first close on €21.5m in Q4 2018 with the backing of a number of entrepreneurs
LSP et al. back Imcyse in €35m series-B
New and historical backers invest in Belgium-based Imcyse, a developer of immunotherapies
Gimv backs Alro Group
Gimv takes over the majority stake in Belgium-based Alro Group from the Thijs family
GPs sell public transport operator Hansea to DWS
Belgium-based Hansea acquired four peers based in Flanders and Wallonia since 2014
Triton-backed AVS bolts on Fero
Triton bought AVS from Steadfast Capital in 2017, drawing equity from its €3.3bn vehicle Triton IV
Towerbrook exits Metallo in €380m deal
Sale ends a six-year holding period for the GP, which bought the company from Groupe Alpha
VCs invest $18m in Icometrix
In 2016, Capricorn Ventures, along with other private investors, provided a €2m round of funding
Pamplona hires Benelux head
Tensen will be responsible for driving new investment opportunities and value creation in the region
Fortino hires De Leeuw
Prior to joining Fortino, De Leeuw was an investment manager at Ackermans & van Haaren
Gilde Equity Management sells Chemogas to trade
GP backed Belgium-based specialty gases specialist Chemogas via GEM Benelux III in 2014
CVC to sell Continental Foods to trade
Transaction would value Belgium-based Continental Foods at around €900m, according to a report
Bencis-backed Abriso eyes Airpack
Abriso plans to buy at least 50% of Italian peer Airpack according to a regulatory filing
M80 buys Theuma
M80 backs Theuma, a doors and frames specialist, investing for the first time in Belgium
PE success despite political headwinds in Belgium
Despite concerns related to political instability in the UK and at home, Belgium’s buyout market was in rude health last year
Waterland sells Infra Group to Andera
Andera backs Belgium-based infrastructure company via its €445m Winch Capital 4 vehicle
Consortium raises €21m for AgomAb
Representatives from V-Bio, Advent Biotechnology, BIVF, Omnes and Pontifax have joined the board
VCs exit Newtec in €250m trade sale
Transaction value equates to 14.6x Newtec's EBITDA and 2.7x revenue for the 2018 financial year
Ergon closes Ergon Capital Partners IV on €580m
Fund is smaller than predecessor Ergon Capital Partners III, which closed in 2010 on €775m
Hydralis appoints JP Morgan for alternatives
Pension fund is seeking a target net return of 4.5-7% per year from the mandate
Benelux trade deals surged in 2018
Exits to strategic buyers accounted for 56% of all divestments, with the volume of such deals increasing by 68% year-on-year
