News
Bain Capital, FSI to bid for Serie A – report
Bain Capital makes a €3.4bn preliminary offer for a 25% stake in Serie A, while FSI shows interest
Guernsey Finance launches fast-track applications for managers
Scheme aims to allow fund managers with funds not registered in whitelisted jurisdictions to migrate
Ubi Banca buys stake in Green Arrow Capital
This is the first financial investor that has entered the capital of the firm, owned by its founding partners
Vast majority of LPs satisfied with GP transparency – survey
Coller Capital's PE Barometer also reported LP concerns about forward-looking EBITDA add-backs
The Deals Pipeline
A fortnightly highlight of deal processes underway and involving PE, either on the buy- or sell-side, across Europe
Francisco Partners to acquire Consignor – report
Shipping software company was reportedly marketed based on an EBITDA of тЌ7.5m
Bure launches share issue to raise up to SEK 1bn
Proposed share issue is subject to adoption and authorisation by existing shareholders and the board
Third of LPs put fund commitments on hold – survey
Brackendale Consulting survey also revealed that 62% would commit to a fund without a personal visit
BBB appoints Lewis La Torre as interim CEO
In October 2019, Keith Morgan announced that he would be standing down from the role of CEO
EQT signs "largest ever" ESG-linked credit facility
Facility is linked to portfolio companies' commitment to gender equality and renewable energy
DC Advisory hires Bijoor as managing director
Bijoor joins DC Advisory from Guggenheim Securities, where he was a managing director
EQT opens office in Paris
EQT partner Nicolas Brugère will take up the role of head of EQT France
Keyhaven Capital hires two
Anne Niederstaetter and Alma Lawrie will bolster the firm's investment and investor relations teams
Silverfleet's Ashton leaves position as partner
Ashton will continue to act as a consultant to Silverfleet and as a non-executive director for Sigma
Emeram appoints new investment manager
Marzio Bondolfi joins the Munich-based Mittelstand-focused GP from Montana Capital Partners
Pillarstone Italy launches €600m turnaround fund
Responsible & Sustainable Corporate Turnaround Fund intends to support the recovery of Italian companies
Panoramic delays fundraising to H1 2021
Panoramic Growth Fund 2, which closed on ТЃ65m in May 2016, is around 60% deployed currently
Spectrum appoints Patey
Patey was a director at BDO before taking this position as lead advisory director
Capza acquires Time for Growth
Acquisition aims to boost Capza's growth capital offering ahead of the launch of its growth fund
BMO appoints Baxter and Burnet to board
Listed private equity investor is currently valued at £315 per share, at the time of publication
BCP heads for Fund II close, plans two more deals in 2020
Following the acquisition of optician chain Ounda, BCP is screening IT and business services deals
Two thirds of PE professionals expect reduction in carry – survey
More than half of the private equity partners and directors surveyed also expect bonuses to reduce
Sequoia-backed Charlotte Tilbury close to $1bn sale – report
Makeup producer and distributor generated around ТЃ200m in revenues for 2019
Keensight hires two operating partners
Edwin Moses will be based in Belgium while José Luis Martín will be located in Spain