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.

Truck maker Scania launches second B2B tech-focused growth capital fund

Swedish heavy truck and bus maker Scania has launched its second growth capital fund, to be managed by East Hill Equity. The post Truck maker Scania launches second B2B tech-focused growth capital fund first appeared

Sheridan Capital buys into data-focused healthcare commercialisation specialist ADVI Health

Healthcare-focused buyout house Sheridan Capital Partners has agreed to take an ownership stake in data-informed commercialization, market access and policy expertise specialist ADVI Health. The post Sheridan Capital buys into data-focused healthcare commercialisation specialist ADVI

DBAG sees NAV drop 15% amid market uncertainty

German listed investor Deutsche Beteiligungs AG (DBAG) has seen the valuation of its investments drop by 15.1% over the current financial year amid “unexpected influences” from geopolitical and macroeconomic uncertainties, according to its annual result

LGT Capital expands to San Francisco with new office launch, Heitmann to helm

The $80bn-managing LGT Capital Partners has launched a San Francisco office to expand its long-time coverage of North America. The post LGT Capital expands to San Francisco with new office launch, Heitmann to helm first

Capstreet ends seven-year OnPoint ownership with exit to MML Capital

Texas-based buyout house Capstreet has sold refining and petrochemical maintenance project planner OnPoint Industrial Services after seven years in its portfolio. The post Capstreet ends seven-year OnPoint ownership with exit to MML Capital first appeared

YFM doubles down on Wooshii investment as video services agency continues US expansion

UK private equity investor YFM has completed a follow-on investment into UK-based video services agency Wooshii, which provides video content and software tools for businesses including Amazon. The post YFM doubles down on Wooshii investment as

Strategics pull back from PE sales as macro uncertainty bites

Sponsors exiting portfolio companies in Europe this year have been unable to count so much on the appetite of strategic players.

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