News
Alantra appoints three as managing partners in Italy
Bellavita, Moccagatta and Rizzo will lead the Italian investment banking activity of Alantra
Alantra strengthens credit portfolio advisory team with two hires
Firm also opens two new credit portfolio advisory offices in Brazil and China
LGPS appoints Ross as CIO
Ross was previously deputy CIO and joined the company two years ago
Maguar Capital in exclusive talks to buy HR Works – report
Newly established Germany-based GP focuses on software investments, according to Mergermarket
Gimv confirms dividend but reports negative portfolio return
Gimv invested €205m in six new platform investments and additional bolt-ons in 2019/2020
EQT to acquire Bosch Energy and Building Solutions Italy - report
Parties are expected to sign a deal imminently, with no formal auction process in place
Bencis to launch sixth buyout fund
GP is currently investing via Bencis Buyout Fund V, which closed on €425m in July 2016
Tikehau hires three in Milan office
Paglia and Girelli join the Italian private equity division, while Pedergnani focuses on fundraising
Dutch court orders Nordian to proceed with J-Club acquisition
Court documents show that the company has an EV of €100m and the GP was seeking financing of €40-45m
Eurazeo increases stake in Idinvest to 80%
Eurazeo acquired 70% of the French asset manager in early 2018
Miura promotes two
Jordi Alegre and Fernando Clúa have led several investments in Spain and international consolidation projects
Eurazeo portfolio's revenues dragged down by travel & leisure assets in Q1
Rest of portfolio revenue remained stable, with updated NAVs not due until mid-year
Unigestion gears up to invest in small and mid-market PE
Unigestion partners expect investment opportunities to emerge in the small-cap market
McDermott hires two in debt advisory team
Mark Fine and Aymen Mahmoud join the London office from Willkie Farr & Gallagher
Palatine appoints new partner to Impact Fund team
Palatine held a final close for its debut impact fund on £100m in September 2017
JTC appoints Dublin leadership team
Appointments follow JTC's recent acquisition of the corporate services business Cornerstone
The Deals Pipeline
A fortnightly highlight of deal processes underway and involving PE, either on the buy- or sell-side, across Europe
Mutares' Q1 2020 portfolio review: two exits and three acquisitions
Two of the acquisitions were platform investments and the GP expects to complete two more in Q2 2020
Graybella Capital pushes back first close for new fund to Q3
VC is using an SPV to still invest in companies and plans to merge it with the fund later
17Capital hires Sklar as senior adviser
Preferred equity provider is looking to bank on increased appetite for portfolio support products
Sun Capital's Flabeg Germany files for insolvency
Coronavirus lockdown and its impact on the automotive industry were the trigger for the filing
3i posts 6% gross return for PE, down from 20% for FY 2019
3i made three new investments in the financial year for a total of £413m and completed 13 bolt-ons
UK CFOs anticipate 1-2 year's slip in exit timetables - survey
Of the 144 CFOs surveyed by Unquoted Advisory, 52% say investors have been "very supportive"
Acquisition prices for SMEs decline in Q1 2020 – research
Prices paid to acquire SMEs declined significantly to 9.3x EBITDA in the first quarter of 2020