CVC, Carlyle, Permira, Brigepoint, Apax Partners and Blackstone are reported to be preparing offers of around EUR 1.5bn for Applus+. The likeliest buyer, however, is Blackstone; rumour has it that the the US giant is set to launch a pre-emptive bid for its first deal in Spain.
GP also announced the refinancing of online gardening retailer YouGardem, scoring a 60% cost return
CDP Venture and Tim Ventures take part in the round, alongside Club Digital and Club Italia Investimenti 2
Deal is the second from Bid Equity II, which held a close in November 2019 and targets B2B software
Early-stage investor Italian Angels for Growth and Swiss holding company Brahma also take part in the round