News
The Bolt-Ons Digest – 26 January 2023
Unquote’s selection of the latest add-ons, with ICG's Circet, Five Arrows' Mintec, Carlyle's Jagex, and more
Travers Smith names new head of PE and financial sponsors group
Lucie Cawood's appointment follows poaching of Ian Shawyer by Cleary Gottlieb earlier this month
Ardian plans North American drive with tech, services deals on radar
French sponsor looks to more than double exposure to US and Canada when next flagship buyout fund launches
Koinos Capital explores return to fundraising trail in 12-18 months
Italian SME-focused GP could seek EUR 200m for new vehicle; Fund I set to reach 70% of deployment by year-end
InnovaFonds gears up for first close of new SME fund
French GP’s mezzanine and small equity tickets vehicle aims to attract institutional investors and has a EUR 100m target
IK readies Swedish biotech group Mabtech for exit
Jefferies hired as sellside advisor; dual-track process for potential sale or IPO considered
Presto Ventures targets EUR 100m for new early-stage fund
Czech VC seeks to attract larger institutional investors from Western Europe and US for its third vehicle
Merito Partners targets EUR 50m for debut growth equity fund
Sponsor plans to build a portfolio of 12-18 companies, with EUR 12m in fund commitments secured to date
Accel-KKR weighs strategic options for Kerridge Commercial Systems
ERP software provider could seek a sale or bring in additional PE investor; Arma advises
DBAG turns focus to proprietary dealflow as auctions slowdown
Valuations could cool off as debt availability tightens, German GP's partner Thilo-Anyas Koenig tells Unquote
EQT on track for 2023 final close for Fund X
GP has so far raised more than EUR 16bn for the vehicle against EUR 20bn target
Inflexion hires new head of financial services from Cinven
Andrea Bertolini to lead sector origination; Daan Gankema and Rob Dunnett join as directors in Benelux and Yorkshire
Aper Ventures explores EUR 30m-plus fund launch in 2024
Polish VC’s third vehicle will seek capital from local state development fund and business angels
Tikehau-backed Euro Group Laminations to hold vote on IPO plans
Italian producer of steel components for electric motors seeks EUR 1bn-plus valuation
Partners Group sets fundraising guidance at USD 17bn-22bn
Private markets investor finished 2022 at the bottom of USD 22bn-26bn target for new commitments
KBW bolsters European investment banking team
Financial services bank promotes Alistair McKay to head; hires Alex Smith from Santander and Gonzalo Smolders from HSBC
IK launches mini-cap strategy in UK and Benelux with robust pipeline
With a focus on deals of up to EUR 50m EV, the GP's Development Capital team is in advanced negotiations with several potential targets in the new markets
Bridgepoint appoints advisers for Qualitest sale
JPMorgan and Jefferies will advise on an auction for the software testing group
EQT weighs options for Open Systems including partial sale
Bank of America to prepare sale of the group's secure access service edge network division
Cleary Gottlieb hires Travers Smith's Shawyer for M&A practice
Ian Shawyer spent 17 years with Travers Smith and has worked on mandates for GPs including Bridgepoint
Tenzing launches Munich office; hires KPMG exec as DACH head
Christian Ramme to lead local team as UK-based GP takes another step in European expansion
Zero One Hundred targets EUR 15m for new fund's first close
Slovakian GP seeks institutional investors, corporates and sovereign funds for EUR 60m vehicle
Blue Owl poised to revive Dyal IPO plan in H2 2023
Listing of GP stakes specialist could take place in London as early as September
GLP Capital Partners taps Kirkland & Ellis PE partner
Michael Steele to join investment manager in secondment likely to lead to permanent role, sources say
