France
Tikehau appoints Cirenza as London office head
Peter Cirenza leaves his teaching role at the London School of Economics to join Tikehau
EdRip backs group Bacacier
EdRip invests from venture fund Winch Capital 3, closed on €300m in 2014
Macron’s proposed tax reforms: what impact on French PE?
With independent candidate Emmanuel Macron currently heavily favoured to win the French presidential election in two weeks, Alice Tchernookova examines how his proposed flat capital gains tax rate could impact private equity
AnaCap buys Ellisphere
Ellisphere was hitherto a subsidiary of Natixis, which had managed the group since 2014
Advent France Biotechnology holds €64.75m first close
Firm was launched in 2016 and targets early-stage companies in the life sciences sector
Ardian strikes $2.5bn secondary/primary transaction with Mubadala
Ardian takes majority stake in an existing PE portfolio and becomes lead investor in a new $1.5bn fund
Azulis Capital closes MMF V on €215m
Azulis also reshuffles its team in parallel with the fundraise, with certain partners retiring
Ixo backs Noeva's MBO
Ixo becomes the new majority shareholder of Noeva, with the balance going to management
Keensight promotes Svensson to partner
Magdalena Svensson becomes partner at Keensight after three years with the company
Pamplona sells further 33% of OGF to Teachers' Private Capital
Pamplona, which first acquired the group in 2013, had already sold a 41% stake to OTTP in 2015
Idinvest et al. in $75m series-D round for Actility
Expansion will focus on developing industrial internet of things solutions in additional sectors
Capitem Partenaires exits Planett
Capitem Partenaires acquired a majority stake in Planett in 2015 through an MBO
ArchiMed makes 400% IRR on HIS exit
Transaction marks the first exit for ArchiMed's maiden fund Med 1, closed on €350m in 2015
Naxicap buys Findis from Activa et al.
Naxicap’s takeover marks the third LBO for Findis, with previous owners including Activa and Abénex
Abénex backs LP Promotion MBO
GP is acquiring its stake from company founder Lucien Ponsot, allowing him to retire
Tikehau Capital sells Ecotel Chomette Favor stake to Naxicap Partners
Naxicap Partners took over from Weinberg Capital Partners as majority shareholder in ECF last year
IK-backed Exxelia in €160m refinancing
Deal sees the firm refinance its senior-mezzanine debt structure after three years
Activa, Ardian and SocGen back HR Path OBO
Ardian and SGCP had already contributed a joint €5m expansion round in 2015
FCDE supports Christian Bernard takeover with €15m
Previously France's largest jewellery brand, Christian Bernard was placed into receivership last year
Ardian’s Hypred acquires Paragon Partners' Anti-Germ
Transaction represents the first bolt-on completed by Hypred since Ardian acquired the company last year
Ardian's Trescal acquires Gebhardt
Trescal has completed around 20 bolt-ons in total since Ardian became majority owner in 2013
CM-CIC in €10m round for Phenix
CM-CIC Investissement joins Phenix's existing pool of investors, including Audacia
French dealflow hit record high in 2016
After years of failing to exceed UK dealflow, the country finally clinched the top spot of the European league table in buyout volume
BNP Paribas takes majority stake in Compte-Nickel
Transaction enables the exit of Partech Ventures, which had been the group's main backer since 2015