Europe Private Equity News

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• December 2023: Apax Partners LLP, a prominent private equity firm, completed the acquisition of OCS from Charme Capital Partners and Finwave from the Lutech Group. This strategic move solidifies Apax's position as a leading player in the European financial software market.
• February 2023: Oakley Capital raised a record EUR 2.85 billion (USD 3.13 billion) for its fifth flagship fund. Oakley continues to invest in long-term trends that have driven growth and profits during various economic cycles, such as the migration of businesses to the cloud, the shift of consumers toward online shopping, and the increasing global demand for quality and affordable education.

• January 2023: NEA (New Enterprise Associates) announced it closed on approximately USD 6.2 billion across two funds, bringing the firm's assets under management to over USD 25 billion as of December 31, 2022. The new pair of funds marks a first for NEA, with one dedicated to early-stage investing and the other to venture growth-stage opportunities. It reflects the 45-year-old firm's continuous evolution of its model over decades.
• March 2022: Intel Corporation announced an agreement to acquire Granulate Cloud Solutions Ltd, an Israel-based developer of real-time continuous optimization software. The Granulate acquisition will help cloud and data center customers maximize compute workload performance and reduce infrastructure and cloud costs.

• In Jan 2022, Colliers, a services and investment management firm, improved its footprint in the Middle East and North Africa (MENA) with Eltizam Asset Management Group's (Eltizam) acquisition of Falcon Investments LLC, an associate partner that has been doing business in the region as Colliers since 1995. Colliers benefits from the competence in core real estate transactions and advisory services offered by Eltizam and the asset management services.
• In Jan 2022, BluePeak Private Capital an asset management firm announced its investment in Grit Real Estate Income Group Limited (Grit), a breakthrough pan-African real estate company. The investment o Grit's development plan to boost industrial and health facilities in East Africa improving access to essential goods and quality healthcare.

• June 2022: Fund Corporation for the Overseas Development of Japan's ICT and Postal Services Inc. announced an investment in Sony Innovation Fund 3, which was a new investment fund targeting venture companies in industry sectors with high growth potential, including ICT services such as health tech and fintech, as a limited partner. This fund was expected to support business growth and Investment in Startups in the United States, Canada, and other countries.
• May 2023: AXA Venture Partners, a global venture capital firm specializing in high-growth, technology-enabled companies, announced the launch of a new strategy, targeting late-stage tech companies with a EUR 1.5 Billion fund with plans to bring new talents into its team in North America in order to efficiently execute its strategy.

• December 2023: Apax Partners LLP, a prominent private equity firm, completed the acquisition of OCS from Charme Capital Partners and Finwave from the Lutech Group. This strategic move solidifies Apax's position as a leading player in the European financial software market.
• February 2023: Oakley Capital raised a record EUR 2.85 billion (USD 3.13 billion) for its fifth flagship fund. Oakley continues to invest in long-term trends that have driven growth and profits during various economic cycles, such as the migration of businesses to the cloud, the shift of consumers toward online shopping, and the increasing global demand for quality and affordable education.

• May 2023: XPENG Motors, a prominent Chinese intelligent electric vehicle company, announced strategic partnerships with eight top insurance companies in China. The collaboration aims to introduce a revolutionary, innovative insurance service program and related products, offering enhanced insurance coverage for car owners.
• June 2022: China launched the first car insurance policies that use the digital renminbi. The launch of vehicle insurance policies marks the steady acceleration of digital renminbi usage to an increasing range of financial scenarios, including residual housing public funds, home rental subsidies, and tax.

• December 2023: Ubank and designer Jordan Gogos collaborated to launch custom fashion pieces and introduce the Feel-Good Fashion Fund initiative for emerging designers. Jordan Gogos is known for his innovative and boundary-pushing work.
• May 2022: Australia’s first digital bank, UBank, revealed a new look and feel after merging with smart bank, 86400. Representing the perfect pairing of an established customer base and name (UBank) with the visual identity, technology, and innovation capability.

• In January 2024, Corsair Capital acquired a majority stake in independent commercial insurance broker MJM. Property and liability (P&C), commercial auto, and reinsurance are among the services offered by MJM.
• In February 2023, Talanx partnered with Bank Millennium to strengthen its business in the core market of Poland through a ten-year bancassurance agreement. Talanx is a German insurance group operating as a multi-brand provider focusing on B2B insurance.

• August 2023: Spring EQ, a provider of home equity financing solutions, has entered into a definitive agreement to be acquired by an affiliate of Cerberus Capital Management, L.P., a global leader in alternative investing. The main aim of the partnership is to support Spring EQ's mission to deliver offerings and expand its leadership in the home equity financing market.
• June 2023: VIU by HUB, a digital insurance brokerage platform subsidiary of Hub International Limited, has entered into a new partnership with Unison, a home equity-sharing company. The collaboration will allow homeowners to compare insurance coverage quotes from various carriers and receive expert advice throughout the process.

• March 2023: Gallagher acquired Brim, a specialty insurance and reinsurance broker that provides property/casualty insurance, credit and political risk, and affinity insurance products and services to its Scandinavian and international clients. Its credit and political risk practice provides financing support for major infrastructure projects, while its construction practice supports residential and commercial building development.
• September 2022: Trygg Hansa launched animal insurance. Pet insurance is a new product area under the Trygg-Hansa brand. The insurance company can now offer the entire family in the household, including the dog and cat, complete insurance coverage.