France
Hi Inov holds first close for Hi Inov 2 on €90m
Series-A specialist also partners with Axeleo Capital for expansion into seed transactions
Siparex Investimenti 3 to be launched in 2019
Fund is managed by Insec Equity Partners, which is based in Milan and led by Barbini and Gianola
Chequers, TCR sell Thermocoax to trade in €158m deal
TCR has been an investor in heating technology specialist Thermocoax since 2000
Index in €40m series-B for Alan
Latest round for the French digital health insurance firm comes 10 months after its €23m series-A
Idinvest et al. inject €25m in Malt series-B
VCs Serena and Isai re-up, having previously backed the €5m series-A in 2016
Ardian’s Revima completes two bolt-ons
Ardian bought a majority stake in France-based Revima from Argos Wityu last month
OpenGate carves out SMAC from Colas
US-based OpenGate also carved out the silicon carbide division of Saint-Gobain last month
Astorg inks first US deal with Anaqua
GP uses Astorg VII, closed last month on €4bn, to acquire a stake in software developer Anaqua
Idinvest holds €340m final close for second growth fund
Fund was launched with a €300m target and held a first close on €250m in November 2016
CM-CIC, BPI France back Hardis Group MBO
Up to 30 managers, led by Nicolas Odet and Yvan Coutaz, acquire stakes in Hardis
BluGem sells DMC Group to Lion Capital
Sale ends a three-year holding period for BlueGem, which bought the company via its €370m second fund
Ardian sells Citoxlab to trade in €448m deal
Sale price implies a 13.8x pro forma EBITDA multiple, based on Citoxlab’s latest results
GP Profile: Astorg
Managing partner Thierry Timsit discusses investment strategy, competition, ESG and political instability
Sofinnova et al. invest €20m in Afyren
France-based biotech business Afyren plans to commercialise its products in 2020
Tikehau IM holds €2.1bn close across funds
Tikehau IM's four vehicles, focusing on direct lending, were launched around a year ago
Iris leads €20m series-B for Virtuo
Balderton and Raise also take part in the round, which will fund the car rental firm's UK expansion
Hi Inov leads $6.2m series-A for Deepomatic
Previous investor Alven Capital and entrepreneur Bertrand Diard also take part in the round
Azulis buys Helios Group in SBO
GP invests in Helios, a construction and road marking specialist, via Middle Market Fund V
UI Gestion closes Cap 6 on €105m
Mid-market focused Cap 6 is larger than its predecessor, M.I5, closed on €93.5m in 2011
Ardian, BPI France sell Ouvêo
Ardian had owned the France-based manufacturer of windows and other joinery since 2012
Experienced Capital to launch second fund in 2019
Experienced Capital's maiden fund held a final close on €78m in 2016 and is now fully deployed
Experienced Capital backs NV Gallery
NV Gallery founders Natalie Hanczewski and Thibaut Saguet retain a majority stake
Index Ventures leads €30m series-B for Lunchr
Daphni and Idinvest previously invested €11m in the France-based startup in Q2 2018
Alven, Blackfin lead €8m series-A for Pretto
Pretto previously raised €1.3m in a seed round led by angel investor Pierre Kosciusko-Morizet