Digital Transformation
Elevat3 Capital leads funding round for Neodigital

Elevat3 Capital leads funding round for Neodigital

Elevat3 Capital has led a series-B funding round for Germany-based insurance technology company Neodigital.

High Net Worth
PAI carves out EEF from Ardian's Grand Frais

PAI carves out EEF from Ardian's Grand Frais

PAI Partners has acquired a majority stake in Euro Ethnic Foods (EEF), the grocery business of Ardian-backed Grand Frais.

Apollo Global
Private equity majors said to circle Hitachi Metals, bidding could exceed $6.4bn

Private equity majors said to circle Hitachi Metals, bidding could exceed $6.4bn

A slew of private equity majors are reportedly in the running for Hitachi Metals in a deal which could exceed $6.4bn.

General Partners
Apax scores over 4x return from sale of ECI Software to LGP

Apax scores over 4x return from sale of ECI Software to LGP

The exit of the Texas-based software company generated an IRR of 55%

Portfolio Company News
Alder to exit Finnish company Aidon in Q1 2021 – report

Alder to exit Finnish company Aidon in Q1 2021 – report

Swedish private equity firm Alder is preparing to exit Finnish portfolio company Aidon in Q1 next year, sources told Unquote sister publication Mergermarket.

Angel / Venture
VCs in €100m round for SellerX

VCs in €100m round for SellerX

Cherry Ventures, Felix Capital and Triple Point Capital have backed a €100m round for Germany-based SellerX, a company that aims to acquire and grow businesses selling products on Amazon.

Angel / Venture
CVC, Advent, FSI to buy Serie A in €1.7bn deal

CVC, Advent, FSI to buy Serie A in €1.7bn deal

Italian football league Serie A has voted unanimously in favour of an offer put forward by a consortium that comprises CVC Capital Partners, Advent International and FSI.

Buyout
Telecoms giant Orange invests in LBO France digital health fund

Telecoms giant Orange invests in LBO France digital health fund

Telecoms giant Orange has agreed to back LBO France's Digital Health 2 fund, which plans to invest €200m in e-health SMEs in France and Western Europe.

IPO
Mercia-backed Abingdon Health files for IPO

Mercia-backed Abingdon Health files for IPO

Mercia Asset Management-backed coronavirus antibody company Abingdon Health has filed for an initial public offering.

Angel / Venture
GSK spinout SR One closes $500m debut fund

GSK spinout SR One closes $500m debut fund

Biotechnology venture capital investor SR One, a spinout from GlaxoSmithKline (GSK), has announced the final close of its debut fund on its hard-cap of $500m.

Ampersand Capital Partners
Ampersand Capital Partners raises $670m fund to buy out trio of assets from existing PE vehicles

Ampersand Capital Partners raises $670m fund to buy out trio of assets from existing PE vehicles

Healthcare-focused Ampersand Capital Partners has raised $670m for a continuation vehicle to buy up a trio of portfolio businesses from its mature private equity funds.

Angel / Venture
Astanor Ventures I closes on $325m

Astanor Ventures I closes on $325m

Astanor Ventures has closed its debut venture capital fund on its hard-cap of $325m.

Angel / Venture
CVC and Advent move in on €1.7bn deal with Italy’s Serie A

CVC and Advent move in on €1.7bn deal with Italy’s Serie A

Deal would see PE firms acquire 10% of league’s TV rights division

Europe
Multiples Heatmap: average entry multiple hits 10.5x as dealflow recovers

Multiples Heatmap: average entry multiple hits 10.5x as dealflow recovers

In Q3 2020, average multiples paid in private-equity-backed transactions throughout Europe increased slightly when compared with the previous quarter, with deal volume increasing 58%, according to the latest Clearwater Heatmap.

Buyout
Pike Street Capital pulls past target to strike $237m for debut fund close

Pike Street Capital pulls past target to strike $237m for debut fund close

A new industrial tech-focused private equity firm launched by former Evergreen Pacific veterans has beaten its target for its debut fund.

Angel / Venture
Qiming Venture Capital strikes $1.2bn final for Fund VII, thought to be China’s biggest VC raise this year

Qiming Venture Capital strikes $1.2bn final for Fund VII, thought to be China’s biggest VC raise this year

Qiming Venture Capital has scored what is thought to be the biggest VC fund close in China this year through a $1.2bn final close of its seventh flagship US dollar investment vehicle.

Event
EQT launches second fund subscription line tied to ESG

EQT launches second fund subscription line tied to ESG

The Swedish firm’s new infrastructure fund subscription line of up to €5bn ties credit terms to environmental, social and governance goals

Amazon
Jeff Bezos venture capital fund joins $30m Chipper Cash investment round

Jeff Bezos venture capital fund joins $30m Chipper Cash investment round

Just a few months after its latest raise, Chipper Cash has now added another $30m to its coffers in a raise backed by Jeff Bezos’ private VC fund Bezos Expeditions.

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