coronavirus
How the crisis could affect fund T&Cs
In a tough funrdriasing and deal market, GPs will be looking for all the incentives they can possibly provide
Marcol invests in Fernarzt, launches new HealthHero platform
Seed investor Heartbeat Labs will retain a 10% stake in Fernarzt
Finland’s VC industry remains buoyant despite pandemic
Dealflow in the Finnish VC market remained strong in the peak months of the coronavirus outbreak, with local players cautiously optimistic
EQT closes acquisition of Schülke
Deal values the hygiene products producer at €925-1bn, subject to an earn-out provision
Programma 102 closes on €100m
VC will launch a new vehicle by the end of the year, with a €100m target, to focus on complementary asset classes
Fashion victims: GPs face a tough year in the clothing & accessories sector
Unquote explores dealflow expectations and potential silver linings for the segment, which has been one of the hardest hit by the pandemic
PE exits hit decade low in Q2
Volume of exits by PE players across Europe fell by 43% year-on-year in Q2 2020 as the coronavirus crisis took hold, according to Unquote Data
GP Profile: Emeram Capital Partners
DACH-focused GP anticipates the launch of its second fund following a portfolio assessment and digital AGM
QIA et al. invest $162m in CureVac
mRNA vaccine developer is valued at $1.6bn and also secured backing from the KfW and GlaxoSmithKline
Apax VIII and Apax IX post higher valuations than Q4 2019
Both funds have valuations of more than 14% higher compared with valuations in March 2020
BGF-backed Xercise4Less prepares for administration
Gym chain recorded losses of £10.4m on £40m revenues in the most recently available accounting year
UK fundraising update: pausing for breath
A number of GPs that closed more than three years ago have delayed fresh fundraises, or have altogether decided to explore new options
Market sentiment improving but dealflow likely to remain bifurcated – Baird
Baird MDs Vinay Ghai and Paul Bail discuss deal-making amid the pandemic and emerging trends for the months ahead
Mercia invested £17.5m in 2019/20
Mercia's NVM VCTs raised £38.2m in new capital, while the BBB also allocated an additional £54.3m
LDC’s makes 18 investments in H1 2020
In a half-year update, the firm announced the majority of the deals were completed since March
Moira invests in logistics operator Goi
Moira intends to support the company's growth and expansion both in Spain and internationally
Nauta Tech Invest V holds €120m first close
Fund deploys tickets of €1-5m in seed and series-A rounds to support European B2B SaaS startups
Wise Equity buys Fimo from IGI
This is the first deal inked by the GP via Wisequity V, which closed on its €260m hard-cap in July 2019
B Capital closes second fund on $820m
Fund invests in series-B, -C and -D rounds to support B2B and B2C startups based across Asia, Europe and the US
Antares launches €300m UTP fund for fashion sector
Fondo Lusso & Lifestyle is dedicated to bank credits, with a special focus on UTP exposures
Lockdown impact derails French buyout momentum
Even as France is now moving on, the uncertain road ahead is threatening to undo months of improving activity and market sentiment
Aldea Ventures launches €150m fund-of-funds
VC house expects to hold a €35-45m first close by the end of July and a final close in around one year
Alcedo to launch €230m fifth fund
Alcedo V will target Italian companies with high-growth potential and an export-orientated approach
Most German PE firms say 75% of portfolio unimpaired by Covid-19 – survey
Survey was conducted in June 2020 by Finance Magazine on behalf of Deutsche Beteiligungs AG