Riverside raises largest European fund to date

The Riverside Company, a global private equity firm focused on the smaller end of the middle market, has completed fundraising for its Riverside Europe Fund VI (REF VI). The firm’s latest buyout vehicle closed on €465 million of capital commitments, nearly 40 per cent more than its predecessor, making it the largest fund the firm […]

PAI Partners raises €920 million for inaugural mid-market fund, above original hard cap

PAI Partners has closed its inaugural PAI Mid-Market Fund (“PAI MMF”) with a total of circa €920 million of commitments. The Fund was raised entirely virtually and is above its EUR700 million target and original €800 million hard cap, which was increased following significant investor interest. Richard Howell, a Managing Partner and Head of the […]

JPMorgan Says PE Deals to Spur Junk-Bond Craze in Europe

JPMorgan Chase & Co. says the leveraged-debt markets in the EMEA region will get a boost this year from a spate of private-equity deals and investors’ clamor for higher yields. Ben Thompson and Daniel Rudnicki Schlumberger, co-heads of the leveraged-finance team for Europe, Middle East and Africa, point to 300 billion euros ($364 billion) of […]

Free-Spending Private Equity Firms Set a Record Pace in Europe

A year of pandemic prudence is giving way to jumbo dealmaking in Europe for deep-pocketed private equity houses. Buyout firms have announced $29 billion of takeovers involving European companies this year, up 60% year-on-year and the most for this period on record. That’s after months in which many large buyers, including Blackstone Group Inc. and […]

European IPOs mark best start to year since 2015 with €8bn haul

A flurry of tech and ecommerce listings have given Europe’s market for initial public offerings its best start to the year since 2015, as extended pandemic lockdowns fuel investor enthusiasm for digital companies. So far this year, companies listing on European stock exchanges including London’s have sold €8.4bn in equity through 16 deals, according to […]

European PE deal activity showed resilience in 2020

Given the economic instability generated by the ongoing Covid-19 pandemic, European private equity deal activity showed remarkable resilience last year, according to Pitchbook’s 2020 European PE Breakdown. The report found that private equity deal volume rose to a new quarterly peak in Q4 last year, closing more than 1,200 deals for the first time. Both […]

EQT Expects ‘Significantly’ More Exits in Healthy Deals Market

EQT AB, one of Europe’s biggest private equity firms, plans to exit “significantly” more companies this year than in 2020 if the market remains healthy. Christian Sinding, chief executive officer of the Stockholm-based company, said companies high up on his list include SUSE, a German enterprise software developer, and Anticimex, a Swedish pest control business. […]

Private equity: The booming biotech sector

Investment in biotech is booming. In Europe, the biotechnology and healthcare sector accounted for 20% of overall private equity investment in the first half of 2020, according to data from funds trade body Invest Europe. Investors in the field are faced not only with financial and ethical dilemmas, but the risks posed by the presence […]

Ares Raises USD 11bn for its Largest-ever Europe Credit Fund

As a direct lending fund, the Fund has a mandate to provide debt capital to European middle-market companies. Ares Management Corp, a Los Angeles, California-based global alternative asset manager, has raised USD 11bn in total capital commitments for its fifth Europe credit fund, Ares Capital Europe V (the Fund), according to a filing with the […]

Britain Budges on Derivatives in Last-Minute Brexit Relief

(Bloomberg) – Britain’s market watchdog eased restrictions on cross-border derivatives trading in a move to calm fears of market turbulence just hours before the Brexit transition period ends. The Financial Conduct Authority said Thursday it acted to resolve conflicting European Union and U.K. laws that threatened a $200 billion-a-day market in London for interest-rate swap […]