Buy-and-build
Steadfast Capital backs BUK and UHB
Steadfast Capital invests in lower-mid-market companies with enterprise values of between €20-150m
Ardian-backed Jakala acquires marketing specialist Volponi
Following Volponi’s acquisition, Jakala expects to further expand and reach revenues of €250m
Investindustrial-backed Lifebrain buys clinical lab Galeno
Galeno will be integrated within the Lifebrain business and will consolidate its market position
Auctus-backed Magellan Netzwerke acquires Solit Systems
Magellan Netzwerke was acquired by Auctus in 2016 and became part of Fernao Networks
Waterland-backed Rehacon bolts on Fysioconcept
Waterland acquired a majority stake in physiotherapy provider Rehacon in January 2019
Triton-backed AVS bolts on Fero
Triton bought AVS from Steadfast Capital in 2017, drawing equity from its €3.3bn vehicle Triton IV
Alpha-backed Remazel buys Italian crane specialist Concrane
GP plans to consolidate Remazel's market position across Europe and further boost its expansion
Quantum-backed Gianetti Ruote carves out Fad Wheels from GKN
GP plans to strengthen Gianetti's position in the European steel wheel production market
Mutares acquires Keeeper
Keeeper generated revenues of €65m in 2018, mainly from German and Polish customers
One Equity-backed Lutech buys software provider Disc
Fourth bolt-on made by Lutech following the acquisitions of Tecla.it, CDM and Sinergy
Triton-backed Unica buys Brainpact
Triton acquired industrial technology and process management group Unica in 2017
IK-backed Questel acquires Brandstock
Following the transaction, the combined company will have sales of €150m and will employ 700 people
Wise-backed Tapì buys Les Bouchages Delage
Management led by CEO Delage will continue to run the company, which will operate independently
Auctus buys QuinScape with new fund
QuinScape plans to implement a buy-and-build strategy and will geographically expand
Buy-and-build drives consolidation in DACH
Last year saw the second highest volume of bolt-on deals in the DACH region in the post-2008 era
Afinum exits Sinnex in trade sale
Afinum has already realised two investments from its Fünfte vehicle: CaseKing and D&B
IK-backed Schema acquires Tid Informatik
As a new wholly-owned subsidiary of Schema, the company will operate as an independent business
Blackstone-backed Cirsa carves out Giga Games
Blackstone acquired Cirsa from its founder, Manuel Lao Hernández, in April last year
Buy-and-build opportunities thrive in Italian market
In addition to the strong activity recorded on the buyout side, 2018 was also a busy year for Italy in the consolidation space
Vista Equity Partners-backed ACS buys Modern Systems
ACS plans to develop its offering in the application modernisation market and expand in the US
Afinum-backed Garz & Fricke acquires E-Gits
Garz & Fricke acquired E-Gits to expand the company's product and service portfolio
Vitruvian-backed Technogroup bolts on CPU Service
Vitruvian acquired Technogroup from Caldec Holding and the company's founding shareholders in 2017
August Equity-backed PCS bolts on Norfolk Pet Crematorium
Shareholders of Norfolk Pet Crematorium are retiring from management of the business
Bowmark-backed Aston Lark acquires Jobson James
Transaction is Aston Lark's third in 2019 following the acquisition of two other brokers