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Given the economic instability generated by the ongoing Covid-19 pandemic, European private equity deal activity showed remarkable resilience last year, according to Pitchbook’s 2020 European PE Breakdown.
The report found that private equity deal volume rose to a new quarterly peak in Q4 last year, closing more than 1,200 deals for the first time.
Both deal value and volume recorded third- and fourth-quarter decade-raging records, respectively, during what proved to be the worst economic climate since the Great Depression in Q2 2020, with 4,179 deals closing for a total of EUR449.1 billion.
The European private equity industry held back
- 27/01/2021
Sentinel Capital Partners, a private equity firm that invests in promising lower mid-market companies, is to sell Pet Supplies Plus (PSP), the third largest pet specialty chain in the US, to Franchise Group. The deal is valued at USD700 million.
- 26/01/2021
The total value of UK listed companies taken private by private equity firms increased from GBP2.3 billion to GBP21.1 billion in the last 12 months, shows new research from accountancy and business advisory firm BDO LLP.
- 26/01/2021
Sproud, the Swedish maker of a range of plant-based milks announces today that it has raised GBP4.8 million from growth capital investor, VGC Partners.
The investment will be used to grow Sproud’s team, accelerate the brand’’s distribution and brand building activities in the company’s core markets – including the UK, US and Canada – and for further development of its plant-based and 100% vegan product offering.
Sproud launched in Sweden in 2018, and has expanded to 15 markets in just two years. It is available across the UK via supermarkets and online retailers such as Waitrose, Ocado, and Amazon, in
- 26/01/2021
TA Associates, a global growth private equity firm, has appointed Chris An as a Senior Vice President in the firm’s Hong Kong office. An will focus on investments in companies in the Asia-Pacific region.
“We are very pleased to welcome Chris to TA Associates,” says Edward F Sippel, head of TA Associates Asia Pacific Ltd. and a Managing Director and Co-head of Asia operations for TA Associates. “With his deal sourcing, due diligence, financial modeling and deal structuring experience, we are confident Chris will prove a valuable addition to our team. We will leverage his deep knowledge of the Korean
- 26/01/2021
- 26/01/2021
Dutch-German investment manager Primevest Capital Partners and communications group Vodafone Germany are to roll-out a state-of-the-art fibre optic network in the city of Hadamar in the Hessian district of Limburg-Weilburg.
Primevest will finance and build the infrastructure for around EUR20 million and lease it back to operator Vodafone, which will market and provide ultra-high-speed internet services over the new network.
Bas van Dongen, Communication Infrastructure Partner at Primevest Capital Partners, says: “Germany is one of the world’s leading economies but lags behind other markets in the provision of superfast broadband connectivity, which acts as a drag on productivity, both
- 26/01/2021
Global private equity firm OpenGate Capital’s portfolio company, SMAC, is to sell its skylights division to Kingspan Light + Air, a division of Kingspan Group.
The agreement includes the sale of Skydôme, a subsidiary focused on the production of daylighting, ventilation, smoke evacuation, and roofing access systems, and Essemes Services, a division of Skydôme, specialising in the installation of skylights and the maintenance of fire safety equipment.
Terms of the agreement have not been disclosed, and the final sale is subject to closing conditions and works council consultation.
The pending sale of Skydôme and Essemes enables SMAC to focus
- 26/01/2021
Memery Crystal, a London-based law firm, has entered into an exclusive agreement with Parisian law firm, Fides Partners to offer UK clients a comprehensive and independent management advisory offering for private-equity backed deals.
This tie-up will allow Memery Crystal to provide a unique advisory service to management teams that includes financial, alongside traditional legal and tax advice. Offering a complete advisory service stops the need for multiple advisors, ensuring simplicity and efficacy throughout the process.
Memery Crystal has a record of acting for motivated individuals, whether management teams, owner managers or entrepreneurs, on a variety of transactions. The firm
- 26/01/2021
Lonsdale Capital Partners (Lonsdale), a private equity firm focused on the lower mid-market, has exites its investment in GYG Plc (GYG), a superyacht painting, supply and maintenance company.
The sale produces a return of 3x to Lonsdale and an IRR of 75 per cent. Lonsdale invested in the business in 2016 and then made a partial exit in 2017 via an IPO on AIM. Lonsdale has now sold its remaining stake in GYG by way of a placing on AIM.
Based in Palma, Mallorca, GYG has operations across the Mediterranean, Northern Europe and the USA. The Group primarily trades
- 26/01/2021
- 26/01/2021
Imaweb, an independent developer and provider of automotive and dealership digital software solutions in Europe, has acquired Procar, an automotive digital software solutions provider in the DACH market.
Founded in 1998, Procar is one of the leading automotive digital software solutions providers in Germany, with around 1,000 clients. It provides solutions to dealers across globally renowned automotive brands including Toyota, BMW, Volkswagen, Audi, Ford and Renault.
Imaweb provides dealerships and original equipment manufacturers (OEMs) with a full suite of digital software solutions, helping them digitalise the entire customer journey. Imaweb, which is backed by funds advised by PSG, a
- 26/01/2021
- 26/01/2021
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