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Germany has unblocked €500bn for defence spending, which could catalyse the economy and pull it out of recession. Private equity has its eye on the investment potential but the road is not going to be easy, finds Shivani Khandekar

Categories: Insights Data Insights Sectors Other Geographies DACH

TAGS: Bc Partners Defence Deutsche Beteiligungs Germany Golding Capital Partners Mckinsey Mckinsey & Company Pantheon Sidley Austin The Riverside Company Yielco

Categories: Deals Exits Sectors TMT Geographies DACH

TAGS: Ac Christes Baird Carlyle Group Deloitte Lupp+partner Maguar Capital Partners Oc&c Valantic

Categories: Deals Exits Sectors Healthcare & Education Geographies Nordics

TAGS: Capman Finland Verso Capital

Categories: Deals Exits Sectors Business Services Geographies UK & Ireland

TAGS: Continuation Funds Quilvest Capital Partners Trimountain Partners Vorsprung Partners

Categories: Deals Exits Sectors Business Services TMT Geographies UK & Ireland Southern Europe

TAGS: Alma Corporate Partners Alvarez & Marsal Bain & Company Bonelli Erede Deloitte Eversheds Sutherland Fineurop Gatti Pavesi Bianchi Ludovici Icg Italy Pedersoligattai Rothschild & Co

Categories: Deals Sectors TMT Geographies Southern Europe

TAGS: Advent International Alvarez & Marsal Chiomenti Gatti Pavesi Bianchi Ludovici Kpmg Lazard Legance Nextalia Pedersoligattai Rothschild & Co

Categories: Deals €500m or more Exits Sectors Business Services TMT Geographies UK & Ireland

TAGS: Accel-kkr Baird Cinven Clifford Chance Exits Tmt Uk

Categories: Deals €500m or more Exits Sectors Retail, Consumer & Leisure Geographies UK & Ireland

TAGS: Apollo Cd&r Uk

With alternative deal structures increasingly in play due to challenging macroeconomic conditions, Real Deals brings together an expert panel of GPs, LPs and key advisers to discuss the options available to dealmakers

Categories: Insights Roundtables Sectors Business Services TMT Retail, Consumer & Leisure Healthcare & Education Energy & Environment Real Estate Finance & Insurance Construction & Infrastructure Engineering Manufacturing Other Geographies UK & Ireland France & Benelux DACH Nordics Southern Europe Central & Eastern Europe ROW

TAGS: Addleshaw Goddard All Seas Capital Connection Capital Dc Advisory Roundtable Soho Square Capital Three Hills Capital Partners

Anjana Haines speaks to this year’s inductee into the Real Deals Hall of Fame, Garry Wilson, about his vocation for turning companies around but also for telling the story of private equity’s successes, in our latest 25th anniversary VIP interview

Categories: Insights Videos & Podcasts Podcasts Video interviews & webinars Geographies UK & Ireland

TAGS: Bvca Endless Real Deals 25 Real Deals 25 Interviews Turnaround

Categories: Deals €200m or less Sectors Business Services Retail, Consumer & Leisure Geographies France & Benelux

TAGS: Clairfield International Gilde Equity Management Netherlands

Categories: Deals Exits Sectors Business Services Geographies UK & Ireland

TAGS: Alvarez & Marsal Cil Perwyn Pwc Total Capital Walker Morris Ward Hadaway

Categories: Deals Exits Sectors TMT Retail, Consumer & Leisure Geographies France & Benelux

TAGS: Adit Arcmont Deloitte Equistone Equistone Partners Europe France Goodwin Jeantet Kpmg Mayer Brown Natixis Partners Roland Berger Rothschild & Co Travel Weil Gotshal & Manges

Categories: Deals Sectors Manufacturing Geographies Southern Europe ROW

TAGS: Advant Aon Aurelius Bcg Bonelli Erede Dc Advisory Erm Ey Houlihan Lokey Nishimura

Amid stalled exits and anxious investors, hybrid equity vehicles are proving to be better adapted to today’s deal structuring environment. Some firms are testing more flexible structured equity options, reports Stephanie Ball

Categories: Insights Deals Exits Geographies UK & Ireland France & Benelux DACH Nordics Southern Europe Central & Eastern Europe ROW

TAGS: Apollo Capza Ey Houlihan Lokey Proskauer Rose Tikehau Capital Travers Smith

Categories: Deals Sectors Business Services TMT Retail, Consumer & Leisure Geographies Southern Europe

TAGS: B2b Keensight Capital Spain

Categories: Deals €200m or less Exits Sectors Retail, Consumer & Leisure Geographies Central & Eastern Europe

TAGS: Czechia Drv Legal Food Jet Investment

Categories: Deals €200m or less Sectors Healthcare & Education Geographies UK & Ireland

TAGS: Bdo Brm Claritas Tax Crowe Milestone Financial Planning Rockpool Investments Taylor Wessing The Continuum

The brisk pace of private equity investment activity seen in the second half of 2024 now seems a distant memory as deal numbers continue to dwindle, as Julian Longhurst reports

Categories: Insights Data Insights Geographies UK & Ireland France & Benelux DACH Nordics Southern Europe Central & Eastern Europe

TAGS: Data Market Tracker

Categories: Deals €200m - €500m Sectors Healthcare & Education Geographies UK & Ireland

TAGS: Warburg Pincus

The firm has entered into exclusive negotiations with non-profit pharmaceutical group Servier to acquire the French generic drug company, with an EV between €800m and €1bn

Categories: Deals €200m or less Sectors Healthcare & Education Geographies France & Benelux

TAGS: Bc Partners Dentons Eight Advisory France Gide Loyrette Nouel Kirkland & Ellis Lazard Pharma Rothschild&cie;

Categories: Insights Funds Mid-sized funds [€200M - €1B] Geographies UK & Ireland

TAGS: Exclusive Fpe Capital Macfarlanes Rede Partners

Categories: Deals €200m or less Sectors Business Services TMT Healthcare & Education Geographies UK & Ireland

TAGS: Addleshaw Goddard Bdo Dla Piper Ey Parthenon Fairmount Kpmg Lek Phoenix Equity Partners

Categories: Deals €200m or less Exits Sectors Manufacturing Geographies Southern Europe

TAGS: Deloitte Ey Gpf Capital Nomura Perez Llorca Portugal Secondary Buyouts Spain Uria Menendez

Categories: People Advisory moves Geographies UK & Ireland

TAGS: Cross-border Deals Dechert Dla Piper Kirkland & Ellis London Slaughter & May

Categories: Deals €200m - €500m Sectors Business Services Finance & Insurance Geographies DACH

TAGS: Bms Group Bridgepoint Exits Ey Kirkland & Ellis Lek Macquarie Mckinsey & Company Nomura Ommax Preservation Capital Partners Pwc Rothschild & Co Schuberg Philis Secondary Buyouts Sidley Austin

Categories: Deals €200m or less Geographies UK & Ireland

TAGS: Clearwater International Lockton Northcote Oliver Wyman Pwc Ringstone Rsm Squire Patton Boggs

Categories: Deals Sectors Healthcare & Education Geographies UK & Ireland

TAGS: Education Uk

Categories: Deals €200m or less Sectors Healthcare & Education Geographies DACH

TAGS: Bdo Beyond Capital Partners Isp Healthcare

Categories: Deals €200m - €500m Sectors Retail, Consumer & Leisure Manufacturing Geographies DACH

TAGS: Egeria Food Germany Manufacturing Retail

Categories: Deals €500m or more Exits Sectors TMT Geographies France & Benelux DACH ROW

TAGS: Ai Artificial Intelligence Dn Capital Dtcp Eurazeo

Categories: Deals €500m or more Exits Sectors TMT Geographies France & Benelux

TAGS: Alvarez & Marsal Ardian Cinven Kpmg Latham & Watkins Mckinsey

Categories: Deals €200m or less Sectors Engineering Manufacturing Other Geographies UK & Ireland DACH Central & Eastern Europe

TAGS: Alvarez & Marsal Carve-outs Cms Deloitte Germany Hypax London Poland Switzerland

Categories: Deals Exits Sectors Healthcare & Education Geographies DACH

TAGS: Ardian Axa Climate Deloitte Lek Lincoln International Marsh Unigestion

W&I insurance is becoming essential in PE deals of all sizes, driven by seller demand for clean exits and insurer appetite for new business

Categories: Insights Geographies UK & Ireland Nordics Southern Europe Central & Eastern Europe

TAGS: Insurance Lockton Mayer Brown Soho Square Capital

Categories: Deals €200m or less Sectors TMT Retail, Consumer & Leisure Geographies Southern Europe

TAGS: Athena Professionisti E Consulenti Associati Chiomenti Giovannelli Studio Legale Harcos Capital Partners Italy Oc&c Proactiva Studio Dell’apa Zonca E Associati

Categories: Deals Sectors Healthcare & Education Geographies Southern Europe

TAGS: 21 Invest Italy

Categories: Funds Large funds [€1bn+] Sectors Business Services Retail, Consumer & Leisure Healthcare & Education Other Geographies UK & Ireland

TAGS: Ik Partners Kirkland & Ellis Luxembourg

GPs are increasingly working on dual-track deals where they bring in a co-investor while launching a continuation vehicle as they push for increased liquidity. But can two chefs work well together in one kitchen?

Categories: Insights

TAGS: Ardian Co-investments Eqt Harbourvest Partners Hg Capital Lincoln International Mayer Brown Neuberger Berman Triton Partners

Categories: Deals Sectors Business Services TMT Geographies Southern Europe

TAGS: Aon Chiomenti Cybersecurity Debevoise Erm Fondo Italiano D’investimento Intermonte Kitra Kpmg Lazard Legance Pwc Px3 Partners Saxecap Studio Legale Tributario Bc&

Categories: Deals Sectors Business Services Real Estate Geographies France & Benelux DACH

TAGS: B2b Gimv Netherlands Oaklins Pontex Investment Partners Sustainability

Categories: Funds Mid-sized funds [€200M - €1B] Geographies Southern Europe

TAGS: Di Tanno Associati Fundraising Italy Legance Progressio

Documaster's revenues increased more than 15x during Summa's holding period. Shivani Khandekar speaks to partner Gisle Glück Evensen about how they achieved growth

Categories: Deals Deals in Focus Sectors Business Services TMT Geographies Nordics

TAGS: Summa Equity

Categories: People LP & GP moves Geographies UK & Ireland

TAGS: Endless

Cybersecurity has evolved into a primary value creation lever. Security posture has become a product differentiator, enabling premium pricing and market expansion. Anjana Haines investigates why it’s arguably more important than the financial statements

Categories: Insights

TAGS: Cybersecurity Due Diligence Mayfair Equity Partners Patria Investments

Categories: Deals Exits Sectors Business Services Finance & Insurance Geographies ROW

TAGS: Bc Partners Blackstone Blackstone Group Exits Goldman Sachs Goldman Sachs Alternatives Simpson Thacher & Bartlett Us Weil Gotshal & Manges

Categories: Deals Exits Sectors Energy & Environment Geographies Southern Europe

TAGS: Alantra Ambienta Kpmg Latham & Watkins Magnum Industrial Partners Roland Berger Spain

Categories: Deals €500m or more Exits Sectors Retail, Consumer & Leisure Geographies UK & Ireland France & Benelux

TAGS: Bridgepoint Clifford Chance Compass Group Goldman Sachs Kpmg Netherlands Partners Group Rabobank Ropes & Gray Rothschild & Co Smbc

Categories: Deals €200m or less Sectors TMT Geographies Southern Europe

TAGS: Agnia Capital Garrigues Grant Thornton Kpmg Nazca Capital Oliver Wyman Private Equity Uria Menendez

Categories: Deals €200m or less Buy-and-build Sectors Business Services Geographies France & Benelux

TAGS: Alvarez & Marsal Arma Partners Arsene Taxand Ey Parthenon France Franklin Kpmg Mcdermott Will & Emery Oderis Perwyn Saas Singulier Skadden Stifel

Categories: Funds Debt funds Deals Sectors Finance & Insurance

TAGS: British Columbia Investment Management Corporation Campbell Lutyens Latham & Watkins Three Hills Capital Partners Travers Smith

Categories: Sectors Business Services TMT Retail, Consumer & Leisure Geographies Southern Europe

TAGS: Carve-outs Clifford Chance Eqt Ey Spain

Categories: Deals €500m or more Exits Sectors Healthcare & Education Geographies UK & Ireland

TAGS: Bridgepoint Ey Parthenon Latham & Watkins Morgan Stanley Palamon Capital Partners Pwc Rothschild & Co Slaughter & May

Categories: Deals Exits Sectors Healthcare & Education Geographies France & Benelux

TAGS: Ampersand Capital Partners Bencis Capital Partners Netherlands

Categories: Deals Buy-and-build Sectors Business Services TMT Geographies Nordics

TAGS: Buy-and-build Main Capital Partners Norway Saas

COO Olivier Thoral (pictured) takes up role of CEO as predecessor Maxence Radix leaves the firm

Categories: People LP & GP moves Geographies France & Benelux

TAGS: Axa Investment Managers Capza

Categories: People Advisory moves Geographies UK & Ireland

TAGS: Dechert Herbert Smith Freehills London Uk

Large buyout firms are increasingly looking to the European market for investment opportunities, but insiders argue that it’s not as simple as flashing the cash to win deals

Categories: Insights Geographies UK & Ireland France & Benelux DACH Nordics Southern Europe Central & Eastern Europe ROW

TAGS: Apollo Blackstone Charles Russell Speechlys Federated Hermes Federated Hermes Private Equity Inflexion Kkr Us

Zeina Bain speaks to Real Deals about how the transaction was structured and originated, as well as the firm’s plans for the business post-acquisition

Categories: Deals Deals in Focus €200m or less Sectors Engineering Geographies UK & Ireland

TAGS: Aon Chartwell Eos Hilco Mayer Brown Pwc Steen Associates Stifel Sullivan Street Partners Uk

Ambienta sold its majority stake in Namirial to Bain Capital, which became the controlling shareholder of the digital transaction business. Shivani Khandekar speaks to Ambienta's Giancarlo Beraudo about how they achieved growth

Categories: Deals Deals in Focus Sectors TMT Geographies Southern Europe

TAGS: Ambienta Bain Capital Italy

Categories: Deals €200m - €500m Exits Sectors Finance & Insurance Geographies DACH Southern Europe

TAGS: Citi Goldman Sachs Kpmg Waterland Private Equity White & Case

Categories: Deals €500m or more Sectors Retail, Consumer & Leisure Geographies UK & Ireland

TAGS: Advent International Carve-outs Consumer Goldman Sachs Morgan Stanley Robey Warshaw Slaughter & May

Against a backdrop of macroeconomic uncertainty and elevated interest rates, many UK managers are recognising the value of their lower midmarket roots. James Salmon considers the challenges PE managers are facing and how specialist lenders can help

Categories: Insights Expert Commentaries

TAGS: Lower Mid-market Midmarket Shawbrook

Categories: Deals Sectors Business Services TMT Geographies France & Benelux

TAGS: Alvarez & Marsal Bdo Crosslake Edmond De Rothschild Hogan Lovells Jeausserand Audouard Keensight Capital Lamy Lexel

Categories: Funds Mid-sized funds [€200M - €1B] Sectors TMT Geographies France & Benelux

TAGS: Artificial Intelligence Eurazeo First Close

Categories: Deals Exits Sectors Retail, Consumer & Leisure Geographies Central & Eastern Europe

TAGS: Cms Croatia Deloitte Enterprise Investors Poland Trade Sale Unicredit

Transitioning portfolio companies from on-premise perpetual licences to cloud product subscription models remains key to value creation, but requires meticulous planning, Xhulio Ismalaj reports

Categories: Insights Sectors Business Services TMT

TAGS: August Equity Cloud Hg Capital Soho Square Capital

Categories: Deals €200m or less Sectors Healthcare & Education

TAGS: Healthtech Lauxera Capital Partners Mantle Sweden

Categories: Deals Deals in Focus Sectors Healthcare & Education Geographies Southern Europe

TAGS: Apheon Garrigues Kpmg Lek Spain

Categories: Deals Exits Sectors Retail, Consumer & Leisure Geographies Nordics

TAGS: Capman Sweden Verdane

Categories: Deals €200m or less Sectors Business Services Retail, Consumer & Leisure Construction & Infrastructure Geographies UK & Ireland

TAGS: Business Services Carve-outs Consumer Ey Hogan Lovells Mml Capital Partners Uk

From ensuring performance is front and centre to toning down ESG talk, European GPs have a lot of hurdles to jump over when pitching to North American LPs

Categories: Insights Funds Geographies UK & Ireland France & Benelux DACH Nordics Southern Europe Central & Eastern Europe ROW

TAGS: Aurelius Monument Group Reach Capital Rede Partners Us

Categories: People Advisory moves Geographies UK & Ireland

TAGS: Dechert Kirkland & Ellis Latham & Watkins London White & Case

Categories: Deals €200m or less Exits Sectors Manufacturing Geographies UK & Ireland Nordics

TAGS: Carnegie Holding Fsn Capital Haavind Pwc Trade Sale

Categories: Deals €500m or more Exits Sectors Healthcare & Education Manufacturing Geographies UK & Ireland DACH ROW

TAGS: Bain Capital Bank Of America Citi Jefferies Kirkland & Ellis Kohlberg & Company Morgan Stanley Mubadala Investment Company Partners Group Paul Weiss Rifkind Wharton & Garrison Pharma Ropes & Gray Skadden Switzerland

Categories: People LP & GP moves Geographies DACH

TAGS: Germany Golding Capital Partners

There were 10 bidders in the first round and three in the second, Quadrivio Group's CEO Walter Ricciotti told Real Deals

Categories: Deals Deals in Focus €200m or less Exits Sectors Retail, Consumer & Leisure Geographies Southern Europe

TAGS: Carnelutti Ethica Fivers Studio Legale Italy Pedersoligattai Quadrivio & Pambianco Trade Sale

Head of investor relations William Clegg told Real Deals how the firm brought in investors from Latin America, Canada, the Middle East, and Central and Eastern Europe

Categories: Funds Funds in Focus Large funds [€1bn+] Geographies UK & Ireland DACH

TAGS: Arendt & Medernach Fund Close Switzerland Ufenau Capital Partners

Categories: Deals €200m - €500m Exits Sectors Retail, Consumer & Leisure

TAGS: Eurazeo France Oc&c Us

Categories: Funds Small funds [€200m or less] Sectors Retail, Consumer & Leisure Energy & Environment

TAGS: Clessidra Private Equity Italy

Categories: Deals €200m or less Sectors TMT Geographies UK & Ireland

TAGS: Acp Altenburg Advisory Cinven Claritas Tax Deal-by-deal Equiteq Fairgrove Partners Livingbridge Mazars Silverlake Stephenson Harwood Triple Point

Categories: Deals Sectors Retail, Consumer & Leisure Geographies Southern Europe

TAGS: Food Mutares Spain

PE firms are focusing on sector specialisms and smarter value creation to grow software-as-a-service portfolio companies. Stephanie Ball explores how PE is navigating an increasingly saturated and conflicted SaaS market to unearth fresh opportunities

Categories: Insights Data Insights Sectors Business Services TMT Other

TAGS: Analysys Mason Astorg Clearwater International Dc Advisory Goodwin Great Hill Partners Jman Keensight Capital Lincoln International Technology

Categories: Deals €200m or less Sectors Business Services TMT Geographies UK & Ireland

TAGS: Aurelius Carve-outs Eversheds Sutherland Interpath Advisory Kearney Kpmg Rothschild & Co

Co-heads of investments at MML Ireland, Neil McGowan and Rory Quirke, speak to Real Deals on reaching their largest raise with an almost 100% re-up and two new LPs

Categories: Funds Funds in Focus Mid-sized funds [€200M - €1B] Sectors Business Services TMT Healthcare & Education Engineering Manufacturing Geographies UK & Ireland

TAGS: Aib British Business Bank Cigna European Investment Fund Final Close Goodbody Capital Partners Ireland Ireland Strategic Investment Fund Irish Investment Limited Partnership Mml Ireland Proskauer Rose Qualitas Funds Symetra

Categories: Deals Exits Sectors TMT Geographies France & Benelux Nordics

TAGS: Main Capital Partners Nordic Capital

Categories: Deals €200m or less Sectors Business Services TMT Geographies France & Benelux

TAGS: Axio Capital Bnp Paribas Eurvad Lamartine Conseil Management Buyout Mazars Oderis

Categories: People Advisory moves Geographies UK & Ireland France & Benelux

TAGS: Calista Direct Investors London Luxembourg Uk

Many PE professionals are expecting public-to-private investments to take off in the second half of 2025 despite a muted start to the year

Categories: Insights Deals Buy-and-build

TAGS: Alvarez & Marsal Brookfield Capital Dynamics Charles Russell Speechlys Mayer Brown P2p Take-private

Categories: Deals Sectors Retail, Consumer & Leisure Real Estate Construction & Infrastructure Manufacturing Geographies UK & Ireland

TAGS: Bgf Claritas Tax Howes Percival Menzies Mills & Reeve Trowers & Hamlins Uk Waypoint Change

Categories: Funds Mid-sized funds [€200M - €1B] Deals €200m - €500m Exits Sectors TMT Geographies Southern Europe

TAGS: Cybersecurity Investcorp Italy Secondaries

Categories: Sectors TMT Retail, Consumer & Leisure People Advisory moves Geographies UK & Ireland

TAGS: Alvarez & Marsal Bdo Ey Manchester Transaction Uk

Categories: Sectors Retail, Consumer & Leisure Geographies France & Benelux

TAGS: Consumer France Vendis Capital

Categories: Deals €200m or less Sectors Business Services TMT Energy & Environment Real Estate Geographies DACH

TAGS: B2b Germany Real Estate Sustainability Switzerland White Peaks Capital

The pressure is on the deal teams to get the pitch right, or risk a rejection, say IC members

Categories: Insights

TAGS: Bridgepoint Conference Cvc Capital Partners Endless Events Investment Team Real Deals Summit

Categories: Funds Mid-sized funds [€200M - €1B] Geographies UK & Ireland

TAGS: Debevoise Exponent Fundraising Ireland Rede Partners

Categories: Deals €200m or less Sectors Business Services TMT Finance & Insurance Geographies France & Benelux

TAGS: Ai Cape Investment Partners Deal-by-deal Fintech Netherlands

Categories: Deals €200m or less Sectors Healthcare & Education Manufacturing Geographies DACH

TAGS: Germany Shs Capital

Categories: Deals Sectors Business Services TMT Geographies DACH

TAGS: Carlsquare Carve-outs Fortino Germany Waterland Private Equity

The independent sponsor model is gaining traction as an alternative to the conventional fund structure. Shivani Khandekar investigates the emerging trends that are creating the building blocks of this lesser-known area of private equity fundraising

Categories: Insights

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