Portfolio Company News
DBAG’s Vitronet bolts on CR Clemens Reuschenbach

DBAG’s Vitronet bolts on CR Clemens Reuschenbach

Broadband network construction company Vitronet, a portfolio company of Deutsche Beteiligungs AG (DBAG), has acquired civil engineering company CR Clemens Reuschenbach.

Event
Alcedo to launch €230m fifth fund

Alcedo to launch €230m fifth fund

Italian private equity firm Alcedo plans to launch a fifth buyout fund in the coming months, with a €215m target and €230m hard-cap, Unquote understands.

Politics
Axcel acquires AddPro from Adelis

Axcel acquires AddPro from Adelis

Adelis Equity Partners Fund I has sold its majority stake in AddPro to Axcel, three years after investing in the company.

Buyout
Kennet Partners raises €223m for biggest ever fund in tie-up with Edmond de Rothschild

Kennet Partners raises €223m for biggest ever fund in tie-up with Edmond de Rothschild

Tech-focused European growth equity investor Kennet Partners has raised $250m for the final close of its fifth flagship fund.

Europe
Carlyle tech fund acquires stake in Czech language translation software provider

Carlyle tech fund acquires stake in Czech language translation software provider

The €1.35bn Carlyle Europe Technology Partners IV fund typically invests €30m to €80m in lower mid-market companies

Portfolio Company News
Palamon-backed Simplify acquires Cook Taylor

Palamon-backed Simplify acquires Cook Taylor

Palamon Capital Partners portfolio company Simplify has acquired Cook Taylor Woodhouse Solicitors.

Distressed
Most German PE firms say 75% of portfolio unimpaired by Covid-19 – survey

Most German PE firms say 75% of portfolio unimpaired by Covid-19 – survey

In a survey conducted by Finance Magazine on behalf of Deutsche Beteiligungs AG, 60% of German private equity investment managers said that less than one quarter of their portfolio companies had been severely impaired by

Backcast Partners
Backcast Partners passes $775m of assets under management thanks to debut private credit fund close

Backcast Partners passes $775m of assets under management thanks to debut private credit fund close

Debt and equity investor Backcast Partners Management has closed its debut private credit fund to bring its assets under management to more than $775m.

Portfolio Company News
NB Renaissance’s Rino Mastrotto buys Nuova Osba

NB Renaissance’s Rino Mastrotto buys Nuova Osba

Italian leather producer Rino Mastrotto, a portfolio company of NB Renaissance Partners, has acquired Nuova Osba Italia from the founding Famiglietti family.

Manufacturing and Industrial
Jet Investments fully acquires Tedom

Jet Investments fully acquires Tedom

Jet Investment has acquired remaining 45% stake in Czech electricity co-generation manufacturer Tedom from Cypriot company Moufleco Holding, becoming the sole owner of the company.

Angel / Venture
Creas leads €3.6m round for Qida

Creas leads €3.6m round for Qida

Spanish venture capital house Creas has led a €3.6m round for Qida, a startup specialising in homecare services.

19
‘More realism’ needed in private equity as coronavirus crisis looks set to change industry

‘More realism’ needed in private equity as coronavirus crisis looks set to change industry

More realism, longer holding periods and an advantage for investors with long-term focus are all structural changes expected to impact the private equity industry in the wake of the coronavirus crisis, a new survey suggests.

Software and Hi-Tech
Priveq holds first and final close for sixth fund

Priveq holds first and final close for sixth fund

Swedish private equity firm Priveq has held a first and final close for its sixth fund on SEK 2.5bn.

Buyout
Most institutional investors in real estate expect higher returns thanks to ESG – but much implementation still to be done

Most institutional investors in real estate expect higher returns thanks to ESG – but much implementation still to be done

Most institutional investors expect higher long-term returns on real estate if ESG criteria are taken into account when making investment decisions, new research from Warburg-HIH shows.

Africa
CDC, Finnfund anchor $202m Africinvest Fund IV first close

CDC, Finnfund anchor $202m Africinvest Fund IV first close

CDC Group and Finnfund have anchored the $202m first close of Africinvest's latest pan-Africa private equity fundraise.

Buyout
Czech-based Jet Investment to take full ownership of combined heat and power player Tedom

Czech-based Jet Investment to take full ownership of combined heat and power player Tedom

Czech private equity firm Jet Investment is set to take complete ownership of electricity, heat and cooling production efficiency equipment exporter Tedom.

Software and Hi-Tech
What Private Equity Reveals About the Myth of Free Markets

What Private Equity Reveals About the Myth of Free Markets

The industry has led to more than 1.3 million job losses in the last decade. Neoliberal ideology is to blame.

Event
TPG’s Rise Fund launches energy platform Matrix Renewables

TPG’s Rise Fund launches energy platform Matrix Renewables

The platform has acquired roughly one gigawatt of solar photovoltaic projects from China’s Trina Solar

Appointments
Kennet Partners hauls in €223m for latest fund

Kennet Partners hauls in €223m for latest fund

The London firm expanded its investor base in Asia through a new partnership with Edmond de Rothschild Group

Appointments
Sole Source Capital brings in new investor relations head after making final Fund I investment

Sole Source Capital brings in new investor relations head after making final Fund I investment

Industrial-focused private equity house Sole Source Capital has hired former Crescent Capital senior exec Sumil Menon as its new head of investor relations.

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