Buy-and-build
Ardian-backed Celli buys MF Refrigeration
Following this acquisition, Celli expects to reach revenues of around €130m in 2019
TDR-backed Algeco acquires Buko businesses
TDR Capital acquired Algeco in 2004 and has since bolted on a number of companies
Nordic Capital-backed Conscia buys XevIT
Conscia intends to boost its expansion across the DACH region and further consolidate its market position
PEP-backed IDB bolts on Flexalighting
Company's founder and CEO, Roberto Mantovani, reinvests in the company and retains a minority stake
Kings Park acquires Otter Falls and Clawford Lakes
Kings Park Capital has acquired the two holiday parks to form Lakeshore Leisure Group
Waterland-backed Schönes Leben acquires Mediko
Waterland began its care home buy-and-build strategy in 2017 with the acquisition of Compassio
Exponent-backed SHL to acquire Aspiring Minds
Exponent acquired psychometric testing and interviewing services company SHL in 2018
Aksìa-backed CRM bolts on Gastone
GP expects to consolidate CRM's position in the baked goods market and enhance its product offering
HGGC-backed Davies acquires ASC
AIMC recently co-invested in operations management company Davies, which is headquartered in the UK
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
Eurazeo's Efeso Consulting acquires FibonacciLab
Swiss FibonacciLab represents Efeso Consulting's second bolt-on under Eurazeo ownership
CPPIB, TCV-backed Sportradar buys Optima Gaming
With this acquisition, Sportradar plans to expand its portfolio of gaming and betting services
Cairngorm acquired Chandlers
Cairngorm Capital will merge this latest acquisition with three other portfolio companies
Exponent-backed Meadow Foods acquires Nimbus Foods
Exponent acquired Meadow Foods in 2018 drawing equity from its third-generation fund
Vitruvian-backed CFC bolts on Solis Security
Solis security will expand CFC's in-house cyber claims and incident response team
EQT-backed IFS buys Astea International
Astea International has a market cap of $18m and operates from seven locations globally
Waterland launches buy-and-build with acquisition of Netgo
Founders Patrick Kruse and Benedikt Kisner will remain in their positons at the helm of the business
ArchiMed-backed Micromed bolts on OSG
MicroMed has now made three acquisitions in the neurology diagnostics market with this acquisition
Alpha-backed Calligaris bolts on Luceplan
GP intends to support both firms in maximising their synergies and consolidating their market positions
Ardian-backed Riemser buys Zaltan
Zaltan will be fully integrated in the Riemser group and operate under the name Riemser Iberia
KKR-backed KnowBe4 acquires Twist and Shout
KKR's KnowBe4 generates more than $100m in revenue and is valued at $1bn
Bain’s Italmatch invests in FRX Polymers
Italmatch expects to further strengthen its position in the flame retardant additives segment
Charterhouse's Optima carves out Pernigotti's ice-cream unit
Third bolt-on made by the company, following its acquisitions of Modecor and Giuso Guido
Battery-backed PST to acquire SST
Battery Ventures-backed PST has made more than seven bolt-on acquisitions since 2017