European PE deal multiples declined to 9.9x in the first quarter of 2018, according to the recently released Clearwater Multiples Heatmap Q1 2018 Update, the first time the average multiple has fallen to single digits since Q1 2016.
Valar, Alven Capital and the European Investment Bank (EIB) back digital bank Qonto
Blackstone sells 20% stake in high-end, Milan-based fashion brand Versace to Michael Kors
Other participants in the funding round include GV, Boldstart Ventures and Heavybit
Insurance data software company will invest in product development as it scales internationally