Mergermarket
The Deals Pipeline
A highlight of deal processes underway and involving PE, either on the buy- or sell-side, across Europe
Anaveo sale pulled despite late-stage talks with 3i
Competitive process stalls as vendor Bridgepoint's price expectations were not met, sources say
AutoForm sees Permira join bidder pool ahead of NBOs next week
Carlyle, KKR, EQT, Hellman & Friedman and Francisco Partners were previously reported as potential bidders
Will private equity bank on rising interest rates?
Sponsors want in on banking businesses before greater confidence in asset quality and interest-rate hikes increase valuations
Ambienta launches Nactarome sale, teasers out
Auction for the Italian ingredients producer was initally expected to be launched in early 2022
Leveraged loans issuance sets new record
High-yield bonds backing LBOs followed a different route, with volume decreasing 67% from Q2
IK hires Lazard to advise on Linxis sale
IK acquired Linxis Group (then Breteche) from Cerea Partenaire, Capza and Equistone in July 2015
IK Partners likely Conet buyer as HIG Europe concludes sale
Sponsor submitted a 15x EBITDA offer to acquire Conet, two sources say
Garnica sponsor ICG targets November for sale launch
Vendor has delayed the process in order to build up visibility on its 2021 results, one source says
Idea Taste of Italy contemplates Gelato d'Italia sale
Idea Taste of Italy acquired a stake in Gelato d'Italia – then trading as Indian – in May 2016
Asmodee already attracting PE interest ahead of November launch
Silver Lake, CVC, Advent and KKR are already set to join the race, sources say
Saverglass sale hits snag with remaining bidder Lone Star
future capex spend is a worry for bidders and lenders, sources say
Silverfleet puts Prefere Resins sale in motion
A process could launch with the circulation of a teaser towards the end of the quarter
EQT launches LimaCorporate sale
Teasers for the Italian orthopaedic prosthetics producer were dispatched recently, sources say
Argos could revisit Fabbri Vignola sale in 12-18 months
Sponsor was met with unsatisfactory offers for the business in a sale process launched in May, sources say
Unilever tea auction set to close second round in November
Advent is in a strong position, while Cinven, CVC and Carlyle have ESG concerns, sources say
PAI leans towards US listing in dual-track for Refresco
Paris-headquartered PAI is close to appointing Rothschild to advise it on options
Schenck Process owner Blackstone launches sale process
Sale could potentially generate as much as EUR 1.5bn in proceeds, sources say
Lampa attracts interest from L Catterton, Chequers
Milan-based firm adviser Vitale is assisting owner Cronos Capital Partners on a potential exit
Vendis puts Sylphar on the market
Private equity firms are looking with interest at the asset, one source says
Axcel explores dual-track process for Aidian
Rothschild and Carnegie have been mandated as sale and IPO advisers, respectively
VC firm 212 to deploy EUR 32m in two years, gears up for exits
Sponsor has already deployed EUR 17m in 13 investments from its EUR 49m second fund
BB Capital, Vortex explore KidsKonnect sale
First bids in the Baird-run process are scheduled for this month, sources say
Social concerns increasingly important in European consumer M&A
Ethical supply chains, modern slavery, diversity and inclusion, wage gaps, and health and safety are all "potential liabilities" for M&A sponsors