Official Record
LGT sells Batisanté to IK Partners
New owner investing via Fund IX; looks to grow the company organically
MassMutual Ventures starts European deployment with USD 300m Fund III
New vehicle will focus on leading Series A rounds in digital health, fintech, enterprise SaaS, and cybersecurity
Main sells LOCATIQS to PE-backed Sogelink
Owned by Keensight, the combined group will have around EUR 120m revenues and will seek further acquisitions
Circularity Capital closes Fund II on extended EUR 215m hard-cap
New circular economy vehicle is 3x the size of predecessor with 80% of commitments from institutional investors
Ufenau closes Continuation III on EUR 563m
Swiss GP's new fund is backed by blue-chip secondary investors including StepStone and Five Arrows Secondary Opportunities
Cambridge Innovation Capital raises GBP 225m for Fund II
The VC firm's first closed-end fund will invest in Series A rounds of deep-tech and life science companies connected to Cambridge
Oaktree exits Ascot Lloyd to Nordic Capital
New owner is acquiring the UK-based independent financial advisor via Nordic X
Progressio exits Save the Duck to L’Occitane bosses
New owners pre-empted sale process for the Italian animal-free clothing brand; deals marks the second exit by Progressio’s Fund III
Inflexion acquires CDMO Upperton
The GP has invested in the British CDMO via its Enterprise Fund V
Volpi exits Version 1 to Partners Group
The Jefferies-led auction also saw Apax, OTTP, Cinven and Bain compete for the Irish IT solutions group
Verdane leads USD 190m growth round for Instabox
Sponsor will roll its stake in Porterbuddy, which was recently acquired by Instabox, and invest new capital in the Swedish e-commerce shipping group
Lonsdale buys infrastructure consultancy Infrata
Deal for London-based firm marks the second investment made outside the GP’s buyout fund, which closed investment period last year
17Capital closes debut Credit Fund on EUR 2.6bn
Fund is the GP's first to focus on NAV financing in the form of credit, rather than preferred equity
GBL bags second healthcare asset this week with SBO of Sanoptis
Vendor Telemos to fully exit DACH eye clinics operator following auction that also saw ICG and Ares compete for the asset
Bowmark buys workflow automation provider WSD
GP will seek to expand London-based company’s product development and grow in North America, Europe and Asia
Main sells Obi4wan to PE-backed Spotler
Exit to CNBB portfolio company Spotler Group ends a holding period of almost six years
GBL acquires Affidea from B-Flexion
Formerly known as Waypoint, vendor is fulling exiting the pan-European outpatient group; new owner will invest EUR 1bn in equity
Investindustrial sells Neolith to CVC VIII
During Investindustrial tenure Neolith posted EUR 145m in revenues in 2021 and an EBITDA CAGR of approximately 20%
Tilt Capital holds first close for debut energy transition fund
Co-founder Nicolas Piau speaks to Unquote about the GP's Siparex partnership. fundraise and strategy
IK Partners sells Recocash to Qualium Investissement
Deal marks the third exit from IK Small Cap II, which is at least 93% deployed
EMZ exits Ankerkraut to Nestlé for 2x money
Deal marks the first full exit for EMZ Fund 9 and ends a holding period of less than two years
Convent Capital holds first close for Agri Food Growth Fund
Growth capital vehicle will invest EUR 5m-EUR 20m per deal and has made its first investment
Getir backer Re-Pie launches EUR 70m VC fund
Re-Pie Ventures 1 plans to hold a first close by the end of 2022, general partner Mehmet Ali Ergin said
Melior Equity Partners holds EUR 160m final close for debut fund
Irish SME-focused GP is led by former Carlyle managing directors Jonathan Cosgrave and Peter Garvey