Germany
E-Capital sells Rips Technologies to trade
Buyer is code quality management company SonarSourced, backed by Insight Venture Partners
Silver Investment Partners buys Lucien Ortscheit
GP plans to make add-ons for the pharmaceutical wholesaler, screening targets in Germany and abroad
KKR buys 5.2% stake in ProSieben
TV network is valued at less than half of its 2006 value when KKR and Permira first invested
Ardian buys majority stake in Swissbit
Investment comes from the GP's Expansion fund strategy and follows a competitive auction process
Deutsche Beteiligungs AG closes eighth fund; announces half-year results
Final close on €1.109bn comes after the fund's first close in December 2019 on €1bn
Axa Venture-backed Cognism acquires Mailtastic
In March 2020, Cognism raised $12m in a funding round led by Axa Venture Partners
Bain Capital-backed Fintyre sells two businesses
Fintyre filed for insolvency for many of its Germany-based subsidiaries in February 2020
Triton-backed Univativ buys majority stake in Opus One
GP invested in the Germany-based recruitment firm via its Smaller Mid-Cap Fund in June 2017
Capital Management Partners acquires Geti Wilba
Sale of the poultry and game specialist began in February 2020 via insolvency proceedings
Weber family in asset deal for Ardian-backed Weber Automotive
Shareholder structure is unchanged and the automotive supplier's self administration continues
Mandarin backs cosmetic specialist Klapp
GP invests via Mandarin Capital III, which has a €250m target and has raised €175m so far
Vintage Investment Partners leads €27m Zeitgold series-B
Existing backers including Battery Ventures, Saban Ventures, BtoV, and HV Holtzbrinck also take part
YielCo hires new director
Volker van Rüth joins from his role as CEO of BayerInvest and has prior experience at Warburg Invest
DC Advisory promotes five in UK and Germany teams
Promotions are across the infrastructure, debt, Asia access, and consumer, leisure and retail teams
EQT-backed Galderma sells Bübchen
Sale of the baby's skincare brand is the first spin-out since EQT bought the company from Nestlé
Investors participate in N26 $100m series-D extension
N26 will continue to invest in growing its presence across 24 European markets and the US
Thyssenkrupp Elevator consortium seeks additional equity investors – report
Advent, Cinven and RAG Stiftung agreed to buy the company in February in a deal valued at €17.2bn
Paragon Partners to acquire Weka
Acquisition of the specialised publishing company will be the third from the GP's third fund
RBB buys stake in Wurst- und Fleischwaren Bautzen
Sausage and meat products company filed for insolvency in November 2019 and was seeking new investors
Lincoln International appoints two managing directors
Christian Schwarzmueller will join the DACH team while Florus Plantenga joins the London office
DBAG announces 20% fall in portfolio NAV
Portolio NAV has fallen by around 20%, but the GP's telecoms companies are largely unaffected
Novum Capital closes second fund on €150m
Final close includes all investors from the GP's debut fund plus €40m in commitments from new LPs
BPE 4 holds final close on €135m
Vehicle held a first close on €122m in December 2019 and the vehicle has made its first investment
BPE backs Dätwyler Sealing Technologies MBO
MBO is the first investment from BPE 4, which held a final close in March 2020 on €135m