A syndicate led by state-backed CDC and including industrial company Séché Environnement and AXA Investment Managers (AXA IM) has won exclusivity in an auction for water business Saur. According to reports in the French press, the price obtained by vendor PAI partners is EUR 2.3bn.
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