coronavirus
Patrimonium holds €100m first close for debut fund
GP aims for final close within 12 months, despite the ongoing impact of Covid-19
Inflexion donates £2.5m to support Coronavirus relief
GP launched its foundation in 2018 and donates 1% of its profits from funds to the organisation
Insight Partners XI closes on $9.5bn
Fund deploys equity tickets in the $10-350m range in startups operating across the software industry
YFM closes Buyout Fund II on £80m
GP plans to make investments this year and expects prices to drop "somewhat" in the current environment
Advent International announces $25m Covid-19 relief fund
Senior members of the private equity firm personally contributed to the fund
The Deals Pipeline
A fortnightly highlight of deal processes underway and involving PE, either on the buy- or sell-side, across Europe
Welcome aboard: PE recruitment amid coronavirus
PE-focused recruiters and some GPs themselves are figuring out ways to progress recruitment processes, but challenges remain
Main Capital buys majority stake in health software firm Alfa
Netherlands-based GP paid тЌ15-20m for its stake in the company
VC, growth activity collapses in March amid Covid-19 outbreak
European VC and growth capital dealflow was no more sheltered than its buyout counterpart
Unquote Private Equity Podcast: Covid-19 special
The team gathers for its first remote podcast, discussing how the early stages of the outbreak have disrupted the European PE landscape
Tech, business services power through amid Covid-19 rout
Of the 53 deals seen in March, 28 came from technology and business services
Debut managers to face daunting fundraising market in 2020
Debut managers out to market are unlikely to hold closes in 2020, and very few new teams are likely to launch funds
Several funds seeking to close in H1 face delays, says Cebile
LPs' reluctance to commit is likely to lead to a number of delays come Q2
Gilde Healthcare V close on $450m hard-cap
Legal advice was provided by a team from Jones Day led by partner Quirine Eenhorst
Turnaround funds eye European companies hit by Covid-19
Turnaround players have raised at least $5bn overall in Europe in recent years
PE examines portfolio liquidity options as coronavirus halts dealflow
Managing financial and liquidity risk is front of mind as managers fret over the potential impact of a severe downturn
UK Covid-19 liquidity support snubs leveraged and mid-market companies
CCFF initiative seems designed with traditional corporate issuers in mind instead of leveraged finance issuers
Secondaries: opportunistic buyers ready for fund stakes to hit market
With more sellers coming to market, prices are unlikely to stay at pre-Covid-19 heights, which could in turn encourage more opportunistic buyers
Main Capital launches restructuring fund for Covid-19 crisis
Fund is dedicated to UTP exposures and is composed of a credit section and a finance unit
Revo Capital Fund II holds first close on €40m
Domiciled in the Netherlands and structured as a BV, the fund has a 2% management fee
German VCs call for more Covid-19 startup support
Concerns centre around the profitability criteria, as well as local banks' lack of familiarity with startups' risk profile
Generalitat Valenciana to launch €200m coronavirus fund
A private equity firm will be selected by the Institut Valencià de Finançes to manage the new vehicle
Nordic buyout market has silver linings, despite low volume
Nordic region sees the lowest quarterly deal volume since Q4 2013, with just 17 buyouts in Q1 2020
UK holiday parks advised to close: Portfolios affected
British Holiday and Home Parks Association has advised its members to close all holiday parks