France
LocalGlobe leads €4m round for Libeo
Funding round also sees participation from existing investor Breega and several business angels
Nord Capital exits Stadline to trade
Sale ends a five-year holding period for Nord Capital, which controlled a minority stake in the company
Perwyn backs Hea Expertise; IDI reaps 35% IRR
Deal ends a three-year holding period for IDI, which owned a 40% stake in the company
Ardian buys minority stake in Euro 4x4 Parts
Auto parts retailer also announced the bolt-on of B2B-focused market peer Japocat
Kartesia buys International Cookware from Aurora Resurgence
Sale ends a six-year holding period for Aurora, which acquired the company from Arc International Group
Audacia exits burger restaurant chain PNY
French PE firm Audacia invested in burger restaurants operator Paris New York in 2013
Chequers Capital carves out EBC from Econocom
GP is currently investing its Chequers Capital XVII fund, which closed on €1.1bn in May 2017
Oaktree backs Asacha Media, creates TV production group
With support from Oaktree, Asacha is currently in negotiations to acquire additional production companies
Parquest, BPI France back JVS in OBO; Apax exits
Apax Partners, UI Gestion and the company's founders exit the investment
Bridgepoint buys 28% stake in French asset manager Cyrus
GP invests via its lower-mid-cap fund Bridgepoint Development Capital III, which raised around £600m
A/O Proptech leads series-B round for Qarnot Computing
Caisse des Dépôts, Engie and Groupe Casino also participate in the round
Essling-backed SPVIE bolts on Assurances de l'Adour
GP is investing from Essling Expansion Fund, a vehicle dedicated to the French lower-mid-market
Argos-backed Factum buys AGL Services
Deal is part of Factum's aggregation strategy and follows two bolt-ons inked in January 2019
Siparex et al. exit Kiwatch to trade
Management team led by co-founders Williamson and Blanchard will stay on with the business
Milestone's Dehaen bolts on Max Plus; Sodero exits
Senior debt to finance the deal is provided by CIC Ouest, Banque Populaire Grand Ouest and Caisse d'Epargne
Tikehau sets sights on €35bn AUM, plans to launch new funds
GP intends to launch a direct lending fund, a private debt secondary fund and a private debt impact fund
Dentons appoints Orrick's Kessler as partner
Kessler specialises in public and private mergers and acquisitions, private equity and restructuring
Activa's Alliance Etiquettes buys 5 Sept Etiquette
Deal marks the eighth add-on acquisition for the France-based wine and spirits label producer
BlackFin, MTech in €8m series-A for Akur8
Round for the French insurance technology business brings Akur8's total funding to date to €10m
BNP Paribas Developpement backs Cinto
Deal ends a seven-year holding period for Rhône-Alpes PME, part of the Siparex group
Turenne backs Banook MBO
GP invests from its Capital Sante 2 fund, which held a first close on €100m in March 2019
FundRock launches French arm dedicated to PE, real estate
Based in Paris, the new entity is an alternative investment fund manager
PE-backed Tinubu acquires eSurety
Long Arc Capital and BPI France inject an additional €15m to finance the transaction
Providence sells Galileo to CPP-led consortium
Consortium also comprises Montagu, alongside existing shareholders Téthys Invest and BPI France