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Thoma Bravo scoops up cybersecurity company Darktrace

The take-private values the company at £4.3bn

Goldman Sachs Jefferies Kirkland & Ellis Latham & Watkins Qatalyst Partners Thoma Bravo

3i exits eyecare provider Nexeye to KKR

The buyer is acquiring the business primarily through its $8bn European Fund VI

3i Clifford Chance Harris Williams Ing Jefferies Kirkland & Ellis Kkr Ubs

Goodwin hires Travers Smith duo

Partners Ian Keefe and George Weavil join the UK private equity practice

Goodwin Procter Travers Smith

Synova backs Synectics Solutions

The GP typically invests £15-150m into companies valued between £20m and £250m

Synova Uk

IK Partners raises maiden continuation fund

The vehicle will allow the firm to extend its hold of Yellow Hive

Ik Partners

BC Partners partially exits pharma CDMO Aenova Group in trade sale

BC Partners acquired the company from Bridgepoint in 2012

Allen & Overy Bc Partners Jefferies Kirkland & Ellis

BGF backs UK-based human risk management platform with £3.25m

Yorkshire and Northeast investor Rob Johnson, who led on the deal, will join the portco's board

Bgf Kpmg Squire Patton Boggs Tax Advisory Partnership Uk Walker Morris

Nexxus Iberia marks debut investment from second fund

The Spanish GP has acquired a majority stake in retail equipment manufacturer Creaciones Marsanz

Alanza Dte Aon Ey Garrido Pinsent Masons Spain

Mutares acquires majority stake in Sofinter

The investor expects synergies between Sofinter and its other engineering and technology portfolio companies

Italy Mutares

Neqst exits Swedish data management provider to GRO

Neqst first backed DigitalRoute in 2008, and most recently had a 94% ownership stake in the portco

Neqst Software Sweden

British Patient Capital commits $50.8m to Evolution Technology Fund III

Evolution Equity Partners has raised $1.1bn for its latest vehicle

British Patient Capital Evolution Equity Partners Uk

Mayfair Equity promotes two to partner

Managing directors Nick Keegan and Yusuf Hoballah have been inducted into partnership

Mayfair Equity Partners

Exclusive: Apiary Capital closes oversubscribed fund

Managing partner Mark Salter reveals the factors that helped the firm win LP commitments and his advice on fundraising

Apiary Capital Proskauer Rose Rede Partners

Raymond James bolsters private capital advisory business

Senior bankers Callie Kourniotis, Guy Hume, Michael Henningsen and Ash Rajah have joined the team in New York and London

London New York City Raymond James Uk Us

Triton exits specialty installation company EQOS in trade sale

The sale to Eiffage Énergie Systèmes comes after a 10-year holding period

Luxembourg Triton Partners

Trill Impact backs Austria-based TT medic

The portfolio company was established through the combination of three DACH family-owned businesses

Austria Medtech Sweden Trill Impact

Palatine exits UK specialist vehicle provider to Astatine Investment Partners

Palatine originally acquired a majority stake in NRG Group in October 2020

Astatine Investment Partners Deloitte Gateley Palatine Pwc

CapMan exits Havator to construction joint venture

The seller first invested in the portfolio company in 2010

Capman Finland

Deal in Focus: EMH Partners eyeing up geographic expansion for newest portco

Speaking to Real Deals off the back of the firm's recent investment in Stonebranch, partner Jens Zuber says engagement with the company intensified towards the beginning of 2023

Code & Co Elvaston Capital Emh Partners Milbank

Fund in Focus: INVL’s Baltic vehicle with wider ambitions

Fund "will be the top choice for local and foreign investors who understand our region" says INVL's Deimante Korsakaite

Baltics Invl Asset Management

Main exits healthtech firm Evolution in trade sale

The exit is the largest in the firm's 20-year history in terms of enterprise value

Main Capital Partners

Ardian partially exits Audiotonix to PAI

The sound engineering company was acquired by Ardian in March 2020

Allen & Overy Alvarez & Marsal Ardian Goldman Sachs Liberty Corporate Finance Macfarlanes Mckinsey Pai Partners Weil Gotshal & Manges

IK Partners invests in A-Safe

The Yorkshire-based company produces polymer-based products for factories and warehouses

Hsbc Ik Partners

KKR invests in Impilo-backed Immedica Pharma

Existing owner Impilo will reinvest to become an equal owner alongside KKR

Alvarez & Marsal Bank Of America Bcg Clearview Healthcare Partners Cooley Gibson, Dunn & Crutcher Impilo Kkr Latham & Watkins Mannheimer Swartling Morgan Stanley Pwc Setterwalls

Staying competitive

MUFG’s David Rochford explains why Ireland is taking a greater role as an operational centre in the alternatives industry

Eurazeo acquires Eres Group

IK Partners has exited the French company after five years

Eurazeo France Ik Partners Mcdermott

Alternative asset classes set to see biggest increase in fundraising in 2024

Some 71% of wealth managers and institutional investors surveyed by Carne Group expect to increase their allocation to private equity by 10% or more this year

Asset Management Carne Group

Epiris appoints Mike Ebeling as partner

He joins Epiris having spent 15 years at Goldman Sachs Private Equity

Epiris Goldman Sachs

Genesis Capital’s HP TRONIC Group buys back shares from GP

The Central European investor first backed HP TRONIC in 2017

Czechia Genesis Capital Slovakia

Mutares acquires Greenview Group from Cordovan Capital and CEO

The platform investment is Mutares' fourth acquisition in 2024

Cordovan Capital Management Mutares Northern Ireland Uk

RSM UK announces head of private equity

Stuart Clowser succeeds Charlie Jolly who now joins the consulting leadership team

Rsm

CVC invests in HR company platform World of Talents

The deal follows an exit by Belgian investment firm Baltisse

Allen & Overy Belgium Clifford Chance Cvc Capital Partners Freshfields Lincoln International Netherlands

DB AG reaps more than 3x on In-tech sale to Infosys

The German GP invested in the company in 2022

Dbag Germany

Greenpeak Partners closes inaugural continuation fund on €350m

The vehicle was led by HarbourVest Partners

Fmdh Rechtsanwälte Harbourvest Partners Isp Healthcare Kirkland & Ellis Mcdermott Pjt Park Hill Roedl & Partner Stephenson Harwood

Deal in Focus: Progressio’s Archiva deal reflects focus on IT, but some sub-sectors ‘too fragmented’

Beatrice Capretti, partner at Milan-based Progressio, speaks to Real Deals about the "caution" required when shopping around for tech deals

Bonelli Erede Clearwater International Deloitte Ey Progressio Pwc Roland Berger Russo De Rosa Associati

Battery Ventures-backed Proemion expands industrial asset analytics platform

The German company has acquired TrendMiner for €47m

Battery Ventures Belgium Germany Proemion Holding

bValue raises €90m to back tech scaleups in CEE

The announcement comes a year after bValue’s first close

Bvalue European Investment Fund Poland

Unigestion strengthens secondaries practice

The asset manager has appointed Jordan Dimmock

Unigestion

Ardian-backed Planisware launches IPO

The software company postponed its intention to float in October last year

Ardian Bnp Paribas Hogan Lovells Rothschild & Co White & Case

Apax-backed Palex Medical forms European medtech platform with new add-on

Apax first invested in Palex in July 2023

Apax Apax Partners Belgium Freeman Capital Spain

Magnesium Capital raises €135m for energy-transition investments

The maiden vehicle kicked off fundraising last year

Pwc Simpson Thacher & Bartlett Triago

All Seas Capital invests in Reducate EdTech Group 

The deal marks the GP's first investment in the Netherlands

All Seas Capital De Brauw Blackstone Westbroek Deloitte Ey Lincoln International Rsm Strategy&

Equistone sells work-platform lifts company Acces Industrie

During Equistone’s four-year hold the company’s headcount grew from 445 to 650 people, while revenue grew from €90m to €140m

8 Advisory Clearwater International Delmas Investissements & Participations Deloitte Duroc Partners Equistone Partners Europe Ey Goodwin Procter Hogan Lovells Natixis Partners Roland Berger

FairCap carves out Swedish agricultural manufacturer

Transaction was "complex", involving several offices, according to FairCap

Carve-outs Faircap Sweden

FCDE acquires French textile-fibre designer

Kermel’s management team, led by CEO Philippe Declerck, has also invested in the firm

Accuracy Dc Advisory Dla Piper Duroc Partners Erm Ey Fcde Gibson, Dunn & Crutcher Gramond & Associés Indefi Kartesia Lek Natixis Investment Managers Qualium Investissement Ramboll

Cairngorm Capital sells industrial specialist distributor

During the GP's holding period the business completed one acquisition

Arrowpoint Advisory Bdo Browne Jacobson Cairngorm Capital Partners Continuum Deloitte Fairgrove Partners H2glenfern Johnston Carmichael Lockton Nvm Private Equity Rothschild & Co

Genesis Capital acquires Hungarian automotive-distribution IT specialist

The GP aims to capitalise on the ongoing digital transformation in vehicle distribution chains

Amplify Consulting Digital Transformation Ecovis Ey Genesis Capital Kinstellar Oppenheim

Lincoln International bolsters business services practice

The investment bank has appointed Lewis Gray as managing director

Lincoln International London Uk

Apax acquires Zellis Group from Bain Capital

The payroll provider counts Harrods, Iceland and Jaguar among its clients

Apax Partners Arma Partners Bain Capital Evercore Kirkland & Ellis Morgan Stanley Ropes & Gray Weil Gotshal & Manges

BGF pumps £6.25m into energy utility consultant Skewb 

The funding will support expansion of the company’s suite of products and services

Bgf Browne Jacobson Claritas Tax Clearwater International Freeths

Venture Views: Two Magnolias on a mission to embrace diversity every step of the way

Real Deals' Shivani Khandekar catches up with co-founders Jessica Rasmussen and Marie Korde to understand the importance of diversity in venture capital and what makes their firm stand out

Diversity And Inclusion Two Magnolias Venture Capital

Apheon exits Italian luxury brand Visionnaire

Leopoldo and Eleonore Cavalli will reinvest in the company and continue in their positions of CEO and creative director respectively

Apheon Gop Lazard Pwc

Bowmark Capital sells UK-based digital specialist

Bowmark acquired a stake in Focus Group in 2020

Arma Partners Bowmark Capital Hg Capital Houlihan Lokey Linklaters Osborne Clarke

Buyout behemoth CVC unveils plans for long-awaited IPO

The sponsor has announced its intention to launch an offering and list on Euronext Amsterdam in what would be one of Europe's largest IPOs

Abn Amro Barclays Bnp Paribas Citigroup Cvc Capital Partners Deutsche Bank Ing Ipo Luxembourg Merrill Lynch Ubs

Genesis Capital’s first growth equity fund marks inaugural exit

The GP first invested in Homecare Holding in 2020

Czechia Genesis Capital

Jolt Capital appoints IR director

Zineb Semlali joins from Cathay Capital, where she supported fundraising since 2021

France Jolt Capital

Beyond Capital Partners closes third fund on €180m hard-cap

The new fund will continue to acquire majority stakes in profitable DACH companies

Beyond Capital Partners Clifford Chance Triago

Deal in Focus: Triton’s Norstat exit preparation started on ‘day one’

"Identify likely buyers early" is the firm's approach, Triton partner Daniel Björklund tells Real Deals

Norway Triton Partners William Blair

Karmijn Kapitaal invests in tree-conservation company

InvesTree is the latest addition to the firm's Dutch SME portfolio, which includes companies active in biogas, art and culture, clothing and beer

Karmijin Kapitaal Netherlands

Mentha acquires majority stake in Belgian metal-coatings company SPC Group

The portco's founders, Anthony Demaerel and Yves de Mild, and broader management team will remain shareholders

Belgium Mentha Netherlands

Armen appoints Christine Panier as senior executive adviser

The private equity specialist completed a 16-year stint at the European Investment Fund

Ardian Armen European Investment Fund

MML Capital-backed Zanders expands consultancy expertise with Dutch bolt-on

The deal represents Zanders' third bolt-on since MML first invested in 2021

Abn Amro Dc Advisory Grant Thornton Mml Capital Partners Pinsent Masons

NRDC Equity Partners and BB Kapital SA snap up German department store out of insolvency

The German-US investor consortium is expected to take over more than 70 shops in Germany

Bb Kapital, Nrdc Equity Partners Germany

Ufenau expands to the UK

The Swiss sponsor has appointed Peter Eckersley to head its London office

Ufenau Capital Partners Uk

ICG backs travel insurance specialist Staysure

The UK-based company operates a portfolio of insurance brands and products including Avanti Travel Insurance and Rock

Icg Uk

STG Partners takes London fintech private

The Californian sponsor has delisted London-based fintech Gresham Technologies

London Stock Exchange Paul Hastings Stg Partners

Mutares powers up Polish high-voltage services business

The carve-out is the third transaction by Mutares in 2024

Carve-outs Mutares Poland

Bridgepoint in exclusive negotiations for Forward Global minority stake

The GP's mid=cap investment vehicle will join the portco's management and historical investors, RAISE Invest and Rives Croissance

Arsene Taxand Axipiter Bcg Bridgepoint Callisto Clearwater International Dla Piper Hogan Lovells Indefi Kpmg Lek Natixis Investment Managers Oderis Proskauer Rose Pwc Schoups Sheppard Mullin

Maxburg Capital’s Fund IV holds €450m final close

The GP's latest vehicle is 50% larger than its predecessor

Maxburg Capital Partners Poellath

Fund in Focus: Manulife Strategic Secondaries Fund closes on more than €550m

The fund focuses on GP-led secondaries and has already commenced its deployment phase, global head of co-secondaries Jeff Hammer tells Real Deals

Continuation Funds Manulife Secondaries

Juuri Partners creates the largest online pet health store in the Nordics

The Finnish GP has backed Alvar Pet and concurrently inked its first bolt-on

Borenius Dotir Finland Juuri Partners Kpmg

French VC Quantonation raises €70m

The fund is dedicated to investing in quantum technologies

Bpi France France Quantonation Ventures Venture Capital

EQT sells data manager Rimes to Five Arrows

EQT initially invested in the data management business in 2020

Eqt Evercore Five Arrows Jefferies Latham & Watkins Rothschild & Co Shoosmiths

MVI Equity-backed Nordic Drives Group bolsters Danish portfolio with new acquisition

The deal further strengthens the business's capabilities in Northern Europe

Denmark Mvi Equity Sweden

Sobro backs Swedish building consultancy

All existing owners will remain as "significant" shareholders

Sobro Sweden

Verdane backs Corlytics

Fresh funds to support organic growth, M&A activity and investments in “intelligent offering”

Baird Deloitte Ireland Mckinsey Pwc Verdane

Equistone sells German sports-turf specialist to US-based GP

During Equistone's holding period, the business more than doubled its revenues

Bcg Crescendo Deloitte Equistone Partners Europe Ey Germany Goodwin Houlihan Lokey Kps Capital Partners Latham & Watkins Pwc William Blair

Freshstream’s Bella Figura Music secures consortium funding

The business plans to continue expanding its portfolio, adding to hits written for the likes of Adele, Robbie Williams and the Human League

Freshstream Investment Partners Uk

Ares and Farallon back Cairngorm Capital’s builders’ merchant group

Cairngorm Capital initially acquired the portco in 2018

Cairngorm Capital Partners Uk

Aksia-backed Italian food group Ifex buys Savi Alimentare

The deal was completed via Aksia's Fund V

De Luca & Partners Ey Giliberti Triscornia And Associates Italy Luigi Attardo Parrinello Russo De Rosa Associati

AnaCap acquires majority stake in property management platform

The GP will look to help Yard Reaas accelerate its international expansion strategy in Southern Europe

Allen & Overy Anacap Italy Vitale

Ardian sells logistics company Staci for €1.3bn EV

During Ardian's holding period Staci completed two acquisitions

Ardian Belgium

Triton carves out multi-utility service provider V&N Group

The company is indirectly owned by Koninklijke VolkerWessels

Abn Amro Clifford Chance De Brauw Ing

Stanley Capital Partners hires principal

During the past year the firm has seen its team double in size

Stanley Capital Partners

Kennet Partners backs Fluid Topics with €15m

Cillian Hilliard, director, and Hillel Zidel, managing director at Kennet, will join the portfolio company's board of directors

France Kennet Partners

Siparex Intermezzo structures Ecritel MBO

The operation sees Ecritel’s directors, Audrey and Thierry Louail, take back 100% of the group's capital

France Isatis Capital Lbo France Management Buyout Mbo

Miura Partners extends holding of dental business Proclinic Group

The Spanish GP has raised a single-asset continuation vehicle

Miura Partners

Sofindev acquires coffee-machine distributor Hillewaert

The deal represents the third investment of Sofindev VI

Acquisitions Benelux The Netherlands

Expect fundraising to slow following ‘record’ quarter: PitchBook 

European funds have already amassed more than half the capital raised in 2023, according to PitchBook’s Q1 2024 Global Private Equity First Look report

CBPE merges BKL with Wilson Wright 

The combined business will have a turnover of £46m

Cbpe Capital

PSG Equity sells Nalanda Global to Once For All

PSG will retain a minority stake in the combined business

Exits Psg Saas Spain

CapMan Growth completes first investment from Equity Fund III

The Finnish GP has picked up a minority stake in waste-equipment company Tana as part of an investor consortium

Capman Circular Economy Finland Recycling

Helix Kapital closes Fund III on €135.9m hard cap

Helix Kapital Fund III will continue the strategy of Helix’s previous funds, focusing on growth buyout investments in small-cap Nordic companies.

Helix Kapital Sweden

Deal in Focus: Literacy Capital picks up minority stake in Live Business Group

Literacy CEO Richard Pindar tells Real Deals that the opportunity came through its advisory network

Literacy Capital London Uk

Brera Partners acquires 70% of GBSapri

The deal value is confirmed to be below €100m

Kpmg Pwc

SEP exits Intelligent Reach

The Scottish firm acquired the business in 2014

Exits Retail Saas Scottish Equity Partners Uk

Accel-KKR invests in Aico

With the deal, the firm will support Aico's expansion in the DACH region

Acquisitions Finland

Main Capital banks €2.44bn across two vehicles 

The oversubscribed funds take the GP’s AuM to €6bn

Loyens & Loeff Main Capital Partners

Gyrus Capital exits Intellera Consulting

Following a three-year holding period, the Swiss sponsor has sold the business to Accenture 

Allen & Overy Oc&c

Roycian backs McAndrew Martin £7m MBO

A deal-by-deal investor, Roycian has about 35 LPs involved in this transaction

Mbo Uk