Deals

The firm has teamed up with CDPQ and CIC to acquire French property management services provider Foncia in a €1.8bn deal.

Nordic firm Norvestor has agreed to acquire the Scandinavian energy services supplier for an undisclosed sum.

Thoma Bravo will pay around C$1.6 billion for the Canadian auto marketplace.

Malaysia-based private equity firm Navis Capital Partners has acquired a stake in Tawada Healthcare, one of the largest medical device distributors in Indonesia.

Depressed exit activity could be exacerbated by the industry’s reliance on secondary sales, the industry body says.

The €310 million sale was unaffected by ‘Brexit’, but there will be a lasting slowdown in the wider M&A market, the firm said.

London-headquartered Altius will be combined with LP Capital Advisers and rebranded Pavilion Alternatives Group.

The sale of the health and safety software business follows the close of two Inflexion funds last month after just 8 weeks on the road.

Values halved from H2 2015 to €25.6bn as the market ‘normalises’ and mega deals slow, according to research from CMBOR.

The firm exceeded its $3bn target and committed 5% to the fund.