France
Eurazeo sells stake in Capzanine to Axa in €82m deal
Axa France recommits having backed Capzanine since 2015; Axa IM is a new backer
AVP holds $150m first closing for second early-stage fund
AVP Early Stage II will focus on technology businesses based in North America, Europe and Israel
Ardian backs Optimind
Company plans to use the fresh capital to accelerate its expansion and external growth
Natixis et al. invest €72m in Wynd
Fresh capital will be used to hire staff, pursue Wynd's expansion abroad and invest in R&D
Capzanine backs Intescia in SBO
Exiting GPs Andera and BNP Paribas Development supported Intescia's spin-out in 2013
Naxicap exits Jaguar Network to trade in €100m deal
GP sells minority stake in France-based Jaguar Network after five years' ownership
Amundi buys remaining stake in Anatec
Following the acquisition, Anatec will maintain its operational and business independence
Charterhouse's Siaci Saint Honore bolts on Driesassur
SSH, backed by Charterhouse since 2018, bolts on jewellery insurance specialist Driesassur
Equistone makes new hire and seven promotions
Promotions and appointments take place across offices in France, Germany, Switzerland and the UK
BEX collects $280m for third fund
BEX III should hold a first and final close by Q2 2019 near its $350m hard-cap
US Venture, Andera lead €32m series-B for HighLife
Previous backer Sofinnova Partners and new investor Sectoral Asset Management also take part
PE-backed Groupe Rougnon bolts on Reolian
Winch Capital 3 portfolio business Rougnon bolts on construction service Reolian
Tilt Capital Partners to launch Clean Energy Fund
Currently in the pre-marketing phase, the fund is expected to hold a first close in Q2
Siparex et al. back Missler Software
GPs back France-based software publisher Missler Software, investing alongside management
Ixo PE closes fourth fund on €200m
Ixo 4, backing small and medium-sized businesses in southern France, hits its €200m hard-cap
Ardian buys Revima in SBO
Argos Wityu, which owned a majority stake in the business since 2017, becomes a minority stakeholder
Idia et al. back Le Groupe Bioclinic in SBO
GPs invest in medical analysis laboratory Bioclinic while founder Dabi retains majority
Turenne et al. back Groupe Sources MBO
GPs will help the water treatment plants specialist to expand in France and abroad
Isatis backs Parnasse Education MBO
GP acquires a majority stake in France-based Parnasse Education, merging two businesses
Keensight Capital hires de Tinguy and Kinsky
Senior director de Tinguy joins from BNP Paribas CIB’ s TMT investment banking team
Ring Capital et al. invest €30m in B-Network
GP and a group of banks invest in France-based B-Network to support expansion abroad and recruitment
PE-backed Rafaut bolts on AEDS
Ace Management and Étoile ID-backed Rafaut buys France-based AEDS, doubling group turnover
Activa sells stake in Sport 2000 to its cooperative
After discussions, Activa sells retail chain to co-investor Sport 2000 Coopérative
Astorg holds €4bn final close for seventh fund
Three months after launch, Astorg's seventh fund exceeds €3.2bn target and nears hard-cap