France
21 Invest France et al. inject €8m in DGF
French food distributor DGF plans to continue its buy-and-build strategy with fresh capital
Cathay et al. in $38m series-B for ride-hailing app Heetch
Existing shareholders Idinvest, Alven, Felix, InnovAllianz and Via-ID also take part in the round
Global LPs boost French mid-market fundraising
Country's macroeconomic outlook has played a vital role in boosting investor confidence in France since 2016
Bain's Autodistribution bolts-on AD Bosch
France-based Autodistribution buys a 75% stake in Spanish family-owned AD Bosch
LFPI sells CMG Sports Club to trade – reports
GP acquired asset in 2016 to help face competition from low-cost fitness club chains
DC promotes six to managing director
Promotions include two members of the Paris-based team and four in DC's London office
Nord Capital sells Expert Habitat & Industrie to trade
Minority investor Nord Capital exits French construction company Expert Habitat in trade sale
Abénex sells Cisbio Bioassays to trade
Abénex exits France-based biotechnology company Cisbio after three years of ownership
3i's Valorem bolts on Force Hydraulique Antillaise
PE-backed Valorem will support the conversion of FHA's pipeline into operational plants
Elaia et al. invest €25m in Fretlink series-B
Fresh capital will help Fretlink open new offices in Europe and pursue recruitment efforts
NextStage, MI3 invest €17.7m in Bagatelle
Bagatelle currently operates 10 restaurants, plans to open 15 more in the next five years
21 Invest France acquires FMA Assurances
21 Invest France invests in French companies providing tickets in the €20-50m range
Capzanine to sell Pierre Guérin to trade
GP bought a stake in Pierre Guérin in 2017, after being a shareholder from 2006-2012
VCs sell Drivy to Getaround in $300m deal
Combined company now spans 300 cities in the US and Europe and serves five million users
French education deals offer a valuable lesson
Investment activity in the French education sector continues to look strong after a bumper 2018, with multiples heating up accordingly
PAI's Stella Group buys CRH S&A
Stella Group expects to double revenues, of which 45% would be generated outside France
PAI to buy Elior's Areas in €1.54bn deal
Proceeds of the Areas division sale will be used to reduce Elior's leverage ratio
Mutares to buy TrefilUnion from ArcelorMittal
Carve-out transaction sees special situation investor Mutares buy France-based TrefilUnion
Apollo buys 32 supermarkets from The Casino Group for €484m
Deal includes 12 Casino hypermarkets and 20 Monoprix and Casino supermarket properties
Sparring, Socadif buy Cesa-cap in SBO
Management team retains a minority stake in electrical engineering company Cesa-cap
Apicap backs T&T Consulting MBO
Founder and CEO Christophe Janin retains a majority of the engineering and consulting firm
PAI's Ethypharm bolts on Pharmy II Laboratory
Ethypharm acquires pharmaceutical laboratory specialising in the treatment of pain
Isai et al. in $41m series-B for 360Learning
France-based e-training courses specialist 360Learning is expanding in the US and UK
Raise Investissement exits Nature & Découvertes to trade
In addition to Raise's holding, trade buyer Fnac Darty will also buy the majority stake from the Lemarchand family