DACH deal recap | Week 29 2024

?? Welcome to the weekly DACH deal recap! Let's jump in!

M&A

• Bosch poised to become leading candidate to acquire heating and ventilation assets from Johnson Controls (BBG)
• Apax Partners, Bain Capital, and CVC reportedly evaluating bids for SoftwareOne - discussions ongoing (TP)
• DPE acquired IMPAG Group, an international Swiss-based chemicals distribution company (PR)
• Waterland announced investment into Beyond Law Group, which includes the brands Beyond Corporate, McAlister Family Law and Home Property Law (LSG)
• Equistone relinquished its stake in Heras to European perimeter and technical security company Garda Group for an undisclosed sum (RD)
• Equistone sold their majority stake in OTTO Life Science Engineering to the listed SPIE Group (PEH)
• For more, subscribe to Cracking the Vault. You can find a full recap of last week here.

Venture Capital

• Controlling shareholder of Wegovy maker Novo Nordisk backing Swiss biotech company Asceneuron with $100m to support clinical development of its Alzheimer's disease drug (REU)
• Berlin-based company Grover completed bridge financing round, raising €50m to accelerate transformation into circular economy (EUS)
• One Data, a data management software provider based in Passau, secured €32m in Series B funding round led by Vsquared Ventures, Molten Ventures, and HV Capital (TEU)
• For more, subscribe to Cracking the Vault. You can find a full recap of last week here.

Fundraising & Financing

• EnBW issued two green bonds totaling €1.2bn to help finance energy transition (FM)
• Swiss Life Asset Managers completed a capital raise of around CHF610m for its Swiss Life ESG Swiss Properties real estate fund (CW)
• For more, subscribe to Cracking the Vault. You can find a full recap of last week here.

Bankruptcies

• Porsche reportedly contemplating larger role in helping Varta as troubled battery producer considers debt restructuring options (BBG)
• Deco retailer Depot aims to restructure through self-administration (FM)
• For more, subscribe to Cracking the Vault. You can find a full recap of last week here.

Until next week, stay curious!