The Bolt-Ons Digest – 14 December 2022

The Bolt-ons Digest is a compilation done by Unquote with the main add-on deals announced by PE-backed companies in Europe over the last few days.

Hg to exit Transporeon in EUR 1.88bn sale to trade

Tech sponsor Hg has agreed to sell Transporeon to US-listed industrial technology group Trimble in a deal that values the German transportation management software provider at EUR 1.88bn.

Kester to reap 4.8x return in Vixio exit to Perwyn

Kester Capital has agreed to sell Vixio Regulatory Intelligence, a UK-based provider of global regulatory intelligence to the payments and gambling markets, to European private equity investor Perwyn.

Speedinvest raises EUR 500m for fourth flagship vehicle; closes climate fund on EUR 80m

Austrian VC firm Speedinvest has raised EUR 500m for its fourth flagship fund and held a EUR 80m final close for its Climate & Industry Opportunity vehicle.

William Blair launches Madrid office, adds investment banking practice in Zurich

William Blair has opened an office in Madrid and added investment banking capabilities to its Zurich office.

Mircap nears first close for debut co-investment fund

France-headquartered private equity asset manager Mircap Partners is aiming to hold a first close for its debut co-investment fund by the end of 2022, founding partner Michele Mezzarobba told Unquote.

Large LPs among most concerned about denominator effect – Coller Capital

Two thirds of large LPs and public pension funds are citing the denominator effect as a factor that is slowing down the pace of their commitments to private equity, Coller Capital’s latest Global Private Equity

ICG plots sale of hedge fund data platform With Intelligence

Intermediate Capital Group is in the early stages of exploring a sale of With Intelligence, the data and intelligence service used by the asset management industry, sources familiar with the matter said.

Move Capital plans 2023 final close for debut European growth fund

Pan-European growth equity fund Move Capital plans to secure a final close for its debut European growth technology fund by H1 2023, co-founders Sophie Sursock and Hervé Malaussena told Unquote.

EQT moves SHL Medical stake into long-term strategy fund

EQT has transferred its minority stake in Swiss drug delivery manufacturer SHL Medical to EQT Future, the GP's new impact-driven, longer-hold investment strategy.

L Catterton to kick off Pinarello sale early next year

Bicycle manufacturer Pinarello will hit the Italian auction pipeline in a process guided by Houlihan Lokey, a source close to and a source familiar with the situation said.

Unigestion’s de Dardel to succeed Frick as CEO

Christophe de Dardel is to take up the role of the CEO at Switzerland-headquartered asset manager Unigestion from 1 January 2023, succeeding Fiona Frick after her 12-year tenure in the role.

Thoma Bravo raises USD 32.4bn across three strategies

US software investor Thoma Bravo has completed fundraising for its buyout funds totaling more than USD 32.4bn in capital commitments.

New York pension giant picks $1.2bn of new alternatives commitments

The $233bn-managing New York State Common Retirement Fund has revealed $1.2bn of new alternatives fund commitments. The post New York pension giant picks $1.2bn of new alternatives commitments first appeared on AltAssets Private Equity News.

LP Profile: Stonehage Fleming anticipates largest ever PE programme in 2023

UK-headquartered multi-family office Stonehage Fleming is expecting to raise its largest ever pool of commitments for private equity fund investments in 2023 as its clients seek to up their exposure to the asset class, private

Ontario Teachers to pay almost $1.5bn for stake in UK electricity transmission network SSEN

The C$242bn-managing Ontario Teachers' Pension Plan has agreed to pay almost $1.5bn for a 25% stake in the electricity transmissin network of Scotland-based energy provider SSE. The post Ontario Teachers to pay almost $1.5bn for

Adelis sells Mobilhouse to consortium led by LEGO’s family office

Adelis Equity Partners has sold its majority stake in Danish modular construction company Mobilhouse to a consortium led by family office Kirk Kapital.

Crypto, fintech investor Fasanara Capital gets $200m Canadian pension giant mandate

UK investor Fasanara Capital has picked up a $200m mandata from one of Canada's biggest pension funds to target fintech deals. The post Crypto, fintech investor Fasanara Capital gets $200m Canadian pension giant mandate first

Wafra hits $1.5bn to close new fund targeting stakes in private equity, alternatives firms

Wafra, the investment house backed by Kuwait’s public pension fund, has hit a $1.5bn final close for its latest fund targeting stakes in private equity firms and other alternatives investors. The post Wafra hits $1.5bn

LA pension major picks Insight Partners among latest alternatives commitments

The $71bn-managing Los Angeles County Employees Retirement Association has picked Insight Partners among its latest string of alternatives investments. The post LA pension major picks Insight Partners among latest alternatives commitments first appeared on AltAssets

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