Add-on
First Atlantic Adds to Packaging Platform

First Atlantic Adds to Packaging Platform

C-P Flexible Packaging, a portfolio company of First Atlantic Capital since February 2013, has acquired Genpak Flexible from The Jim Pattison Group. Genpak Flexible’s products include die-cut rollstock and pouches, as well as paper-based laminations

Angel / Venture
CoolSys Closes Fifth Add-On

CoolSys Closes Fifth Add-On

Source Refrigeration Holdings (DBA CoolSys), a portfolio company of Ares Management and the parent company of refrigeration and HVAC companies nationwide, has acquired Eastern Refrigeration. Ares Management acquired CoolSys from Audax Private Equity in March

Politics
ICG takes stake in Irish tech provider valuing it at $1.2bn

ICG takes stake in Irish tech provider valuing it at $1.2bn

Workhuman, founded in 1999, provides cloud-based human capital management software to clients.

Angel / Venture
Amazon to launch $2bn venture capital fund to invest in clean energy

Amazon to launch $2bn venture capital fund to invest in clean energy

Tech giant plans to invest in transportation, energy, food and other industries

Software and Hi-Tech
KKR and XPV Grow Water Quality Platform with Acquisition of Environmental Dynamics International (EDI)

KKR and XPV Grow Water Quality Platform with Acquisition of Environmental Dynamics International (EDI)

Completes First Add-on to Strategic Platform that includes Nexom and EOSi NEW YORK --(BUSINESS WIRE)--Jun. 23, 2020-- A global strategic platform established by KKR and XPV Water Partners to provide end-to-end nutrient management solutions, today

Europe
Former Atlas Merchant Capital executive’s firm strikes first deal

Former Atlas Merchant Capital executive’s firm strikes first deal

Financial Services Capital was founded by Matthew Hansen, previously head of UK and Europe at Atlas Merchant Capital, and Miroslav Boublik, the former deputy chairman of BNP Paribas’ Ukrainian arm.

IPO
Bill Ackman’s Pershing Square files for largest-ever SPAC IPO seeking to raise $3bn

Bill Ackman’s Pershing Square files for largest-ever SPAC IPO seeking to raise $3bn

‘Blank-cheque’ companies are set for a record year in 2020, with a surge in IPOs

Software and Hi-Tech
Left Lane, DN Capital back €8.3m round for GoStudent

Left Lane, DN Capital back €8.3m round for GoStudent

Left Lane Capital and DN Capital have led a €8.3m round for Vienna-based online tutoring platform GoStudent.

2020
European private equity slumps to worst half-year since global financial crash amid coronavirus volatility

European private equity slumps to worst half-year since global financial crash amid coronavirus volatility

The Covid-19 pandemic has pushed European private equity deal volume in the first half of 2020 to its lowest level since the global financial crisis, despite a strong initial start to the year, new research

Appointments
SHS appoints Jacqui as senior adviser

SHS appoints Jacqui as senior adviser

Germany-based healthcare and technology investor SHS has announced the appointment of Heinz Jacqui as a senior adviser, effective 1 June 2020.

Event
Abante, Altamar to manage Mapfre fund-of-funds

Abante, Altamar to manage Mapfre fund-of-funds

Spanish insurance company Mapfre has launched a new private equity fund-of-funds in partnership with Spanish GPs Abante and Altamar Private Equity.

Portfolio Company News
EQT’s Saur buys Nijhuis from Wagram, Egeria

EQT’s Saur buys Nijhuis from Wagram, Egeria

France-based water treatment company Saur, a portfolio company of EQT, has acquired Netherlands-based Nijhuis Industries from Wagram Equity Partners and Egeria Capital Management.

Angel / Venture
Omnes announces eight appointments in Paris

Omnes announces eight appointments in Paris

French private equity firm Omnes Capital has announced eight appointments in its mid-cap, venture capital, infrastructure, co-investment and operations teams in Paris.

Fundraising
Sherpa Capital holds €120m final close for special situations fund

Sherpa Capital holds €120m final close for special situations fund

The Madrid-based firm said fundraising took just a few weeks despite the Covid-19 distress, attracting international investors

Europe
Trilantic’s Doppel bolts on Dietopack

Trilantic’s Doppel bolts on Dietopack

Pharmaceutical research and production business Doppel Farmaceutici, a portfolio company of Trilantic Europe, has acquired a 90% stake in Italy-based nutritional supplements producer Dietopack.

Software and Hi-Tech
Sherpa Special Situations III closes on €120m

Sherpa Special Situations III closes on €120m

Spanish mid-market private equity firm Sherpa Capital has held a final close on €120m for its new fund Sherpa Special Situations III.

Angel / Venture
Coronavirus user surge helps Canva strike $6bn valuation through latest VC investment round

Coronavirus user surge helps Canva strike $6bn valuation through latest VC investment round

Australian design software company Canva has surged to a $6bn valuation thanks to its latest venture capital-backed investment round.

Event
Piper to launch next fund in 2021

Piper to launch next fund in 2021

Piper Private Equity is expected to launch its seventh-generation fund in 2021.

Angel / Venture
VCs in £25m round for Cazoo at valuation of $1bn

VCs in £25m round for Cazoo at valuation of $1bn

Several VCs have invested £25m in online used car retailer Cazoo, giving the company a valuation of $1bn.

Distressed
Buy-and-building though the storm

Buy-and-building though the storm

Given the difficulty of completing platform investments amid the coronavirus crisis, bolt-ons have remained one way of deploying capital and building value, although a tough financing market and pricing expectation mismatches make for a challenging

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