Don’t miss our weekly selection of the Private Equity deals in Europe and North America from the Week 35, extracted from the Arx Database.
Subscribe to our tailored newsletters for industry professionals to follow market trends based on your preferred areas and access all relevant sector news.
For more in-depth information on fund activities in Europe and North America, be sure to sign up.
Groupe Idi, Waterland Private Equity, Incline Equity Partners, Montefiore Investment .
Table of Contents
Add-on: Groupe Idi
CDS Groupe Acquires the Hotel Reservation Portal for Business Travel CRC
Backed by Groupe IDI, CDS Groupe (Île-de-France / FRA), a hotel reservation platform dedicated to customers of major accounts and travel agencies specializing in business travel, acquires Corporate Rates Club (CRC) (Mecklenburg-Vorpommern -Occidentale / DEU), a hotel reservation portal for business travel that offers its customers and partners optimized hotel services, ranging from booking to payment, by passing through the issuance and control of invoices in its finest details. This acquisition further strengthens CDS Groupe’s leadership position in the European business travel market.
Acquisition: Waterland Private Equity
Waterland Invests in Electronic Manufacturing Services Provider Montronic
Waterland Private Equity announces that it has invested in Montronic (Catalonia / ESP), an electronic manufacturing services (EMS) provider offering design, manufacturing and maintenance services of complex electronic products for customers in the healthcare, telecommunications, mobility, renewable energy, lighting and industrial sectors. Alongside shareholder and CEO David Ortega, Waterland intends to leverage its experience in the EMS sector and buy-and-build strategy to help Montronic become the leading electronics manufacturing group in Spain.
Exit: Incline Equity Partners
Incline Equity Sells Foundation Administration Services Provider Foundation Source to GTCR
Incline Equity Partners has announced the sale of its stake in Foundation Source (Connecticut / USA), a provider of administration, compliance, tax and advisory services and technology solutions for charitable organizations and family, corporate and independent foundations. The company was acquired by GTCR, which had teamed up with wealth management expert, Joseph Mrak III, to support Foundation Source in expanding its offering and products. As a reminder, Incline Equity Partners acquired Foundation Source in 2020.
Fundraising: Montefiore Investment
Montefiore Investment Raises €1.4 Billion at the Interim closing of its Two New Funds
Montefiore Investment announces the interim closing of Montefiore Investment VI at €1 billion and Montefiore Investment Expansion at €450 million. Montefiore Investment VI aims to reach a hard cap of €1.4 billion in the upcoming months, while Montefiore Investment Expansion has already surpassed its €400 million target. These funds were subscribed by historical investors, but also by new French and international investors. True to its historical strategy, Montefiore Investment will deploy these funds in investments intended to support the growth and development projects of mid-sized companies and SMEs evolving in the mid-market and operating mainly in the services sector. To achieve this, these funds will provide equity tickets ranging from €20 to €200 million.
