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Category: Portfolio Company News

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.

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

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.

Women in PE: Triton’s Meier-Kirner on deploying in times of crisis and resisting herd mentality

Triton is seeking niche buying opportunities to take advantage of market dislocation, while aiming to protect its existing portfolio and take forward the lessons that the firm has learnt from previous crises, partner Nadia Meier-Kirner

3i plans over GBP1bn in exits with ‘better’ 2023 in sight

3i is predicting a good exit window for its portfolio companies next year with hopes that the current volatile economic environment will subside, CEO Simon Borrows said during the UK-listed sponsor’s half-year financial results update

KKR BRINGS TOGETHER BETTCHER INDUSTRIES AND FRONTMATEC TO BUILD A GLOBAL LEADER IN PROTEIN PROCESSING AUTOMATION

NEW YORK – November 10, 2022 – KKR, a leading global investment firm, and Bettcher Industries (“Bettcher”), a KKR portfolio company, today announced that Bettcher has completed the acquisition of Frontmatec, a global manufacturer of

Windjammer sells Hermetic Solutions Group to Arcline portfolio company Qnnect

Windjammer Capital has sold harsh environment electronics protection specialist Hermetic Solutions Group to Arcline Investment portfolio business Qnnect. The post Windjammer sells Hermetic Solutions Group to Arcline portfolio company Qnnect first appeared on AltAssets Private

Sentinel Capital sells specialist paper, film manufacturer Nekoosa

Sentinel Capital Partners has sold specialty paper and film manufacturer Nekoosa after five years in its portfolio. The post Sentinel Capital sells specialist paper, film manufacturer Nekoosa first appeared on AltAssets Private Equity News.

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