DACH deal recap | Week 16 2024

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M&A

• Clayton, Dubilier & Rice, KKR and CVC in discussions for Stada Arzneimittel, valued at €8bn (PEH)
• Partners Group said to mull Techem options after TPG’s €6bn bid (BBG)
• High-Tech Gründerfonds selling natif.ai to DocuWare (MAJ)
• Finrech Teylor among potential buyers for insolvent Creditshelf (FWD)
• Partners Group said to mull sale of Taiwanese solar firm Formosa (BBG)
• DFL stops auction of TV rights (MM)
• Construction supplier Arbonia selling climate products division to Chinese Midea Group for €760m (FuW)
• German watchdog approves Novo Nordisk's acquisition of Cardior Pharmaceuticals (REU)
• Battery Ventures-backed Proemion expands industrial asset analytics platform with acquisition of TrendMiner (RD)
• Deutsche Beteiligungs agrees to exit stake in In-tech to Infosys (PEH)
• Esprit shares gain on deal for possible private equity injection (WSJ)
• Deutsche Beteiligungs partially exits Solvares to Five Arrows (PEH)
• Thurgauer Kantonalbank acquiring mortgage broker Valuu (TP)
• Grocery app Flink raises $106m and explores sale to Getir, Just Eat Takeaway (BBG)
• Covestro: no deadline to conclude ADNOC talks, will take the necessary time (REU)
• Uniper to help 'green' Deutsche Bahn's electricity supply (REU)
• Certares taking over travel group FTI for €1 (FM)
• Permira said to consider sale of German chemicals firm CABB (BBG)
• Emmi acquiring majority stake in Brazilian dairy company Verde Campo from Coca-Cola (FuW)
• Swiss Prime Site completes purchase of Fundamenta's real estate division (FuW)
• Equistone to sell majority stake in Acces Industrie to Delmas Investissements (PEH)
• Shipping company Hapag-Lloyd to grow with investments in port terminals in strategically important locations (HB)
• Exyte, a Stuttgart-based company specializing in high-tech facilities, acquired Kinetics Group, a US-based facility management provider (FS)
• MFE got bank support for potential €4bn ProSieben bid (REU)
• Hotel investor Trinity sells minority stake to Partners Group (BBG)
• Deutsche Bahn no longer ruling out partial sale of its rail freight company DB Cargo (HB)
• Bregal-backed Laird Thermal Systems, joins forces with American pumps and cooling systems manufacturer Tark (MJU)
• Lufthansa offers concessions to gain EU nod on ITA takeover (REU)
• Capital Group is back as a big Deutsche Bank shareholder (HB)
• Italy's MFE welcomes ProSieben's decision to divest non-core businesses (REU)
• Sycor backed by Ottobock-owner selling subsidiary IQ Solutions to newly founded IT group Cohemi (WiWo)
• KaDeWe taken over by Central Group backed by billionaire Chirathivat family (WiWo)

IPO

• Autodoc, a Berlin-based online retailer of car parts, preparing for another IPO after a failed first attempt (IW)
• Bonus: CVC set to launch IPO, seeks valuation of up to $16bn (WSJ)

Venture Capital

• Langdock, a Berlin-based provider of a platform empowering companies to leverage large language models, raised $3m in seed funding, led by General Catalyst and La Famiglia (FS)
• Würzburg-based Aipera closed a Series A financing round of €7.5m, led by ETF Partners and LBBW Venture Capital (FSC)
• Austrian EdTech mytalents.ai completed pre-seed extension and raised more than €600k (TT)
• Berlin-based credit card specialist Pliant increased financing round to €50m, €18m come from Paypal Ventures (HB)
• Crypto Valley Exchange, a Swiss decentralized crypto startup, raised $7m in funding led by Fabric Ventures and Kyber Capital Crypto Fund (BLK)
• Munich-based startup Truckoo, which operates a digital platform for trading commercial vehicles such as trucks and construction vehicles, closed a financing round of €1.5m (BK)
• Bcomp, a Swiss supplier of flax-based textiles to BMW and Volvo, raised CHF36m in Series C funding led by?EGS Beteiligungen (ST)
• Finmid, a German embedded fintech startup, raised €23m in Series A funding from?Blossom Capital, Earlybird VC, and others (TC)
• Isospec Analytics raises $1.9m for its technology to identify molecules at scale, led by Founderful (ST)
• Berlin-based climate tech software developer Cozero raised €6.5m in Series A financing round, led by Kvanted Ventures and EnBW New Ventures (LH)
• Munich-based space tech Vyoma secured €5m in financing from the European Investment Fund (MS)
• Fotokite secures CHF10m in Series B financing round, led by Carbyne Equity Partners (ST)

Fundraising & Financing

• Fashion company Esprit urgently seeks new investor (FM)
• Swiss venture firm Spicehaus Partners announcing first round for its second fund, aiming to reach CHF60m to invest in 25 Swiss technology startups (ST)
• Douglas completed post-IPO financing of €1.6bn (FM)
• Evolution Equity Partners, a US, UK and Swiss-based investment firm, closed Evolution Technology Fund III at $1.1bn (FS)
• Beyond Capital Partners closes third fund on €180m hard-cap (MJU)
• F1 world champion Nico Rosberg launching fund of funds Rosberg Ventures (WiWo)
• Online asset manager Liqid raised €130m for new venture capital fund which invests in other VC funds (HB)

Bankruptcies

• Aldi supplier Stute files for insolvency for several subsidiaries (MM)
• Several investors showing interest in Creditshelf, currently undergoing insolvency proceedings (FM)
• Spexis receives extension of debt-restructuring moratorium (FuW)
• Swiss baby food startup Yamo filed for insolvency (HB)

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