Southern Europe
Nexxus Iberia marks debut investment from second fund
The Spanish GP has acquired a majority stake in retail equipment manufacturer Creaciones Marsanz
Mutares acquires majority stake in Sofinter
The investor expects synergies between Sofinter and its other engineering and technology portfolio companies
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
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
Apax-backed Palex Medical forms European medtech platform with new add-on
Apax first invested in Palex in July 2023
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
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
French VC Quantonation raises €70m
The fund is dedicated to investing in quantum technologies
Aksia-backed Italian food group Ifex buys Savi Alimentare
The deal was completed via Aksia's Fund V
AnaCap acquires majority stake in property management platform
The GP will look to help Yard Reaas accelerate its international expansion strategy in Southern Europe
Miura Partners extends holding of dental business Proclinic Group
The Spanish GP has raised a single-asset continuation vehicle
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
PSG Equity sells Nalanda Global to Once For All
PSG will retain a minority stake in the combined business
Brera Partners acquires 70% of GBSapri
The deal value is confirmed to be below €100m
Gyrus Capital exits Intellera Consulting
Following a three-year holding period, the Swiss sponsor has sold the business to Accenture
Eight Advisory expands into Spain
The firm has also recently launched its first North American hub
Nexxus Iberia PE II holds final closing on €241m
Iberian SMEs and sustainability are in the fund’s sights
One Equity Partners acquires CBM
The GP seeks to support the internationalisation of the business
Stellum Capital and Inveready acquire minority stake in LEV 2050
It is the seventh investment from the Stellum Food&Tech I fund, while Inveready invested from its Inveready Biotech IV vehicle
CVC acquires frozen bakery producer
Ardian, Alantra and Artá Capital have exited their stake in Monbake
Vallis Capital Partners exits Castelbel to Bourn Rock Investments Group
The seller first acquired a majority stake in Castelbel in 2016
IVP banks $1.6bn for 18th VC fund
The vehicle is 12% smaller than its predecessor
Bluegem exits Beautynova to PAI
The seller will maintain a stake in the portco
Sherpa sells Horizons Optical
Sherpa acquired the business in 2017 through its Fund II
Bravo Capital Partners-backed In Group bolts on Tecno In
The deal represents In Group’s second bolt-on, after it acquired Insitu in December 2023
Unigrains Italia acquires La Prensa
The GP aims to support the business’s development through organic and external growth
Talde Private Equity acquires Plymouth Group
The deal represents the fourth investment of Talde Capital Crecimiento II FCR fund
Asabys Partners exits Cara Care in trade sale
San Francisco-based Mahana Therapeutics, which has bought the business, provides digital chronic condition management programmes
Private equity’s exit logjam hits $3.2trn
GPs are sitting on a record 28,000 unsold companies, According to Bain & Co’s annual global PE report
EOS IM sells EF Group
The London-based GP first invested in the Italian business in 2018
Quadrivio & Pambianco exit Autry
The sale to Style Capital has generated a 4x return
Exclusive: Tresmares to close third PE fund in March
The Spanish firm also plans to open new offices and launch additional funds, partner Ignacio Calderón tells Real Deals
Hg-backed Septeo acquires ACIGrup
The GP first invested in the business in 2020 through its Hg Genesis 9 fund
Cinven invests in Alter Domus
GP to acquire half of the founders’ and Permira’s stakes in the fund admin; aims to grow company in key markets and customer verticals
Exclusive: Quilvest acquires Acuiti Labs
Thomas Vatier, partner and co-head of buyout, tells Real Deals that the investor plans on leveraging its transatlantic expertise to grow the business
Hamilton Lane closes eighth credit fund on $700m
The fund’s predecessor closed on more than $950m in September 2022
Coller Capital invests in Permira’s continuation fund
The vehicle will include assets from Permira’s funds IV and V
Exclusive: Unigestion closes Emerging Manager Choice II Fund
In parallel, the fund has also notched its first exit
Exclusive: Capvis pivots its investment strategy after calling off fundraise
The Swiss GP is transitioning to a deal-by-deal model to exclusively pursue succession-oriented transactions, managing partner Daniel Flaig tells Real Deals
B & Capital exits Steliau to Astorg
The deal marks the buyer’s fifth investment from its Astorg VIII fund
GP Profile: Arca Space Capital
CEO Ugo Loeser tells Real Deals the PE fund is currently assessing two new deals
GP Profile: Perwyn
Managing partner Andrew Wynn speaks to Real Deals about what makes the perfect deal and the firm's new office in Milan
Mutares acquires Temakinho restaurants
Temakinho offers Japanese-Brazilian cuisine
Sherpa Capital acquires Logistica Carosan
The GP will support the firm’s expansion with a focus on fleet increase
Miura Partners sells Terrats Medical to Avista Capital
Terrats sells to 50-plus countries
Deal in Focus: Investindustrial forms Sammontana Group with €1bn revenue
The GP's founder Andrea Bonomi tells Real Deals that the GP is already looking at three US-based bolt-ons to expand the firm’s offering
Deal in Focus: Ambienta acquires Officine Maccaferri
Ambienta’s Mauro Roversi tells Real Deals the GP plans to support the firm via organic and inorganic growth
Trilantic Europe bolsters Italy and Germany teams
The pan-European investor has appointed Eugenio Preve and Yasir Piracha as partners
HAT holds first close of Technology Fund 5
The new fund has a target size of €200m
Bregal Milestone-backed Anywhere365 bolts on Deepdesk
The business plans to open new offices overseas
Auctus exits Profiltubi Group
The GP first invested a majority stake in the business in 2020
Bregal-backed Italgel Group bolts on Protein
It is the first acquisition by Italgel since Bregal first invested in 2022
Fund in Focus: Fondo Italiano d’Investimento’s co-investment fund hits first close on €82m
Roberto Travaglino tells Real Deals that the investor hopes to reach its final close within 12 months
BNP Paribas Asset Management launches second co-investment fund
The fund will be invested in various opportunities, such as co-investments, equity flexing and GP-led transactions
H.I.G. Realty creates €1bn resort hotel platform
Ella Hotels & Resorts in Greece will comprise 13 hotels and 4,500 rooms
BC Partners exits Forno d’Asolo Group
The GP supported the business to record a fourfold increase in its Ebitda
AnaCap-backed PFS acquires AIS Group
The GP invested in the Spanish company in July 2022
Keensight Capital exits Vision-Box in trade sale
The GP first invested in the business in 2015
3TS Capital Partners holds final close of European tech fund on €111m
The GP received commitments from the EIF among others
Fund in Focus: Indigo Capital holds first close of third fund on €120m
CEO Monique Deloire tells Real Deals the firm aims to hold the final close of the vehicle by December 2024
Progressio Investimenti IV holds first closing on €182m
Commitments from its existing investor base made up more than 75% of the fundraising, the GP said
Lanza Capital closes second parking-focused fund on €550m
Anchor investors include Brookfield Asset Management and Partners Group
Fondo Italiano D’Investimento FIAF fund holds second close on €225m
EIF, Intesa San Paolo and Eurizon Capital have supported as cornerstone investors
BDO appoints Jamie Austin as head of global private equity
Austin joined the Belgium-headquartered business advisory firm in 2008
Exclusive: Arcano Partners eyes Q1 first close for second impact fund
The firms aims to secure commitments from its existing backers before expanding its outreach to international investors, Ricardo Miró-Quesada tells Real Deals
Investindustrial backs Italian engineering company
Fassi Group manufactures lifting equipment and was established in 1965
Capza-backed Wifirst acquires Hotsplots
The acquisition further strengthens Wifirst’s presence across Europe
Kennet Partners sells Eloomi
The deal will generate a return of more than three times the GP’s investment
Italy’s Alto Partners closes fifth fund
The vehicle is 30% larger than its predecessor
Committed Advisors reaps €2.6bn for fifth secondary fund
The vehicle is 65% larger than its predecessor fund
Permira sells Italian restaurants chain
The business was sold to CVC Capital Partners
ISAI Expansion III holds first close on €190m
Caisse Des Dépôts, EIF and BNP Paribas Developpement among the LPs that supported the fund
Bluegem exits luxury home fragrance business
The consumer investor acquired a majority stake in the business in 2017
Deal in Focus: GED Capital sells Procubitos Europe to Magnum
The blend of organic and inorganic growth saw the firm quadruple its revenues, Enrique Centelles Satrústegui, GED Capital tells Real Deals
GP Profile: Three Hills
Managing partner Mauro Moretti tells Real Deals there are no coincidences in the PE world
PAI Partners exits diagnostics manufacturer
ELITech was sold to Bunker Corporations
Apheon acquires Salpa
Founders the Cherubini family will retain a minority stake in the company
Deal in Focus: Argos Wityu eyes creation of green logistics player via new acquisition
Argos Climate Action fund will aim to halve Bracchi’s CO2 emissions over five years across Scopes 1, 2, and 3 in, senior partner Sandra Lagumina tells Real Deals
Verdane invests €95m in Urban Sports Club
The investment will bolster the business’s activity within European markets
Ara Partners closes third vintage on $2.8bn
The oversubscribed private equity fund closed on its hard-cap
TA and Warburg acquire Epassi and Exercite
The GPs have merged the two firms to create a European digital multi-benefit provider
AnaCap closes maiden continuation fund on c.€300m
The close represents the fourth and fifth full exits from AnaCap’s Fund III
SK Capital-backed Ecopol bolts on JRF Technology
Following the deal, president James Rossman will continue at the helm
Carbon fund to begin selling carbon credits in three years – Portobello Capital
Real Deals catches up with the investment team’s Isabel Bordás to get an update on the green carbon fund
Nexxus Iberia’s second vintage begins deployment
While the GP is sector-agnostic, it favours healthcare opportunities in Iberia, co-founder Pablo Gallo reveals to Real Deals
Bravo Capital-backed Lodestar swoops for Italian SME duo
The GP is halfway through its deployment run, according to a spokesperson
Fremman acquires HT Médica
The deal is the GP’s sixth overall platform investment
Ardian checks in with 15% stake in Heathrow Airport
The French sponsor previously invested in London’s Luton Airport
Tresmares acquires minority stake in Exam Papers Plus
Tresmares will become the lead institutional investor in the business, Miguel Sanchez, investment director, told Real Deals
Nexxus Iberia holds first close of second vintage on €230m
Nexxus II seeks SMEs opportunities across a large range of sectors
GP Profile: Intriva Capital
Simon Finn, managing partner at Intriva Capital, reflects on setting up the firm, navigating the deals market post-pandemic and developing the team
Fondo Italiano D’Investimento acquires stake in Skynet Technology
The GP will support the firm’s expansion plans internationally
Wise Equity-backed FIMO Group bolts on Wanho
The Italian firm acquired the portfolio company from IGI Private Equity in 2020
Apposite Capital-backed Kelso Pharma initiates European expansion
The company has acquired Italy-based Velit Biopharma
Spanish GP backs Rafa Nadal Academy
GPF Partners will enable the international expansion of the academy
Wise Equity-backed Special Flanges acquires Hertecant Flanges
The Italian GP first backed the portfolio company in October 2021
Cerea Partners-backed Axium acquires Italian packaging company
The bolt-on of Silte will allow Axium to strengthen its geographical coverage
Adams Street closes 2023 global fund program on $820m
The recent fund fell short of its predecessor by 25%
GED Capital acquires Eugin’s European and LatAm businesses
The deal marks the GP’s seventh investment from its GED VI España buyout fund
Deal in Focus: Mindful Capital’s fourth fund completes debut investment
Managing partner Alberto Camaggi tells Real Deals that he expects the fund’s next close from December at the earliest