Allocations
Idinvest Partners has strengthened its commitment to financing unlisted European businesses with the initial closing of its second capital growth fund at EUR250 million.
The strategy of Idinvest Growth Fund II follows in the footsteps of the firm’s previous investments in the growth sector which financially supports European SMEs, transforming them into global leaders.
The fund targets digital, health, and energies and cities sectors. Idinvest is aiming for a final closing of between EUR350 million and EUR400 million in the first quarter of 2017.
Christophe Bavière, founding partner of Idinvest Partners, says: “We recognise and appreciate the trust
Clayton, Dubilier & Rice (CD&R) has completed the acquisition of BUT, the largest furniture retailer network in France, in a 50:50 partnership with WM Holding, a company related to XXXLutz Group.
Sir Terry Leahy, senior adviser to CD&R funds and former CEO of Tesco, has assumed the role of chairman of the board.
BUT operates through a network of 303 stores. The company offers furniture, appliances and decorative products, complemented by financing and extended warranty services.
In FY2016, BUT generated revenue of EUR1.5 billion.
Tully & Holland has acted exclusive financial adviser to Undaunted Holdings, d/b/a Intrepid Powerboats, in its sale to JDG Undaunted, a newly formed company of JDG Capital.
Intrepid Powerboats, a portfolio company of Boston, MA-based private equity firm, Fulham & Co, is a designer, manufacturer and marketer of high performance, luxury outboard powerboats.
JDG Capital, a Texas-based private investment firm, targets controlling interest investments in middle-market enterprises.
Intrepid Powerboats’ customer base includes wealthy individuals, professional athletes, Middle Eastern royalty, and well-known entertainment figures.
Intrepid Powerboats will continue to be led by the existing management team.
"Fulham
The European technology industry has come of age in 2016, according to analysis by tech M&A advisory firm Magister Advisors, with unprecedented M&A interest from Asian buyers and a strong IPO market for the best European tech businesses, driving a surge in “blockbuster” deals.
Magister Advisors also sees the next wave of USD5 billion-plus companies already emerging in Europe, underpinned by comparatively strong growth and revenue performance by European unicorns and a climate of innovation in some of the hottest technology sectors.
The six blockbuster deals so far this year are NXP’s USD45 billion sale to Qualcomm, Softbank’s
Australian venture capital funds raised a record USD568 million in 2016 with investment jumping 50 per cent to AUD347 million, according to the latest Australian Private Equity and Venture Capital Association (AVCAL) and EY Yearbook.
Collectively private equity and venture capital raised AUD2.74 billion in FY2016, slightly down from AUD2.87 billion in FY2015.
While private equity fundraising was lower than the previous year (AUD2.55b) at AUD2.17 billion, AUD628million of this is earmarked for growth/expansion deals.
Investments made by the industry in the past financial year grew 5 per cent with AUD3 billion of the total AUD3.7 billion spent
Omnes Capital is selling its stake in Nomios to Infradata Group, a network and security integrator in the Benelux region owned by Waterland Private Equity.
The deal involves founding director Sébastien Kher, the company’s managers and the funds managed by Odysée Venture.
Omnes acquired a stake in Nomios in January 2013.
Founded in 2004, Nomios is an IT services company specialising in IT security and business network performance optimisation. The company offers a range of services combining integration and maintenance of IT solutions and audit and consulting services.
The company has developed considerably over the last three
Noerr has advised the Gegenbauer Group on the acquisition of a majority stake in RGM from Georgsmarienhütte.
The takeover, which spanned five European jurisdictions, was coordinated and supported by a Noerr team led by partners Tibor Fedke and Christian Pleister.
The Gegenbauer Group and Georgsmarienhütte agreed on the acquisition of 90 per cent of the shares in RGM retroactively as of 1 January 2016.
The activities of the RGM Group will be continued in future under the umbrella of the Gegenbauer Group, which is among Germany’s leading providers of facility management services, with a workforce of 15,000 and
Diversified alternative investment managers (IMs) are unlikely to see soaring private equity deal activity in 2017 even with record available dry powder, as they take a more cautious approach to new transactions amid elevated market valuations.
This is according to a US Diversified Alternative Investment Managers: 2016 Update report from Fitch Ratings.
Industrywide uncalled capital, or dry powder, is at near-record levels, with Fitch-rated diversified alternative IMs holding USD273.5 billion in aggregate dry powder across private equity, credit and real estate strategies as of 30 September 2016, which was up 7.5 per cent year over year.
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Private equity-backed materials handling firm FPE Global has acquired mixing technology specialists JW Process Equipment.
Founded in 2016 by engineering entrepreneur James Winkworth, JWP provides mixing technology and processing solutions to customers across a range of process industries.
Based in Surrey, the company has a team of industry experts all of whom will be transferred to FPE Global as part of the deal.
Headquartered in Manchester and employing more than 60 staff, FPE Global focuses on the design, manufacture and servicing of materials handling solutions into numerous industry sectors around the world. The company was backed by private
EOS Investment Management has launched and raised EUR55 million for EOS Private Equity, its new Luxembourg fund that will invest in growing small and medium sized enterprises (SMEs) based in Europe, with a focus on Italy.
The fund continues to target a final close of EUR150 million from qualified investors and has just completed its first acquisition Poplast.
EOS Private Equity has acquired 86.5 per cent of Poplast, an Italian manufacturing company based in Castel San Giovanni (Piacenza), in Northern Italy, which specialises in the creation of flexible packaging, focussed on the food, pharmaceutical and industrial sectors.
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