Europe Private Equity News

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• 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 February 2023, Oakley Capital raises a record Euro 2.85 Billion (USD 3.13 Billion) for its fifth flagship fund. Oakley will continue to invest behind the long-term megatrends that have underpinned growth and returns across economic cycles, including the consumer shift to online, business migration to the Cloud, and the growing global demand for quality, accessible education.
• In February 2023, Apax is looking to acquire up to 40% stake primarily from the two existing investors, Advent International and Bain Capital, valuing the company at USD 2.1 billion. This will give the company a better hold of the market and better plan its investment strategies.

• 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.

• June 2023: Chubb, the publicly traded property and casualty insurance company, has launched an aviation hub in Singapore. This strategic move serves to bolster the company's general aviation and aerospace business, demonstrating its commitment to growth and innovation in the sector.
• In January 2022, AXA Insurance introduced an AI-powered financial planning tool to help customers keep track of their financial health and discover solutions that can address their needs and goals. The "My FinScore" program calculates a personal financial satisfaction score based on an individual's financial goals, existing savings, and protection coverage and compares it to simulated personal and market risks that affect one's future financial health.

• September 2022: Poland's largest insurance company, PZU, and the Insurtech company Upptec signed an agreement to digitize PZU's contents claims via Upptecs' SaaS solution for claims management. With this partnership, PZU will automate its home content claims to accelerate customer experience and optimize claims processing through its digital content claim solution for Polish policyholders.
• 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.

• September 2022: Germany-based SWK Bank teamed with cloud Banking-as-a-Service platform Mambu to offer new banking services to the DACH market. SWK Bank was to contribute its modular banking services in the personal loan and deposit business, while Mambu will contribute its cloud-native banking platform.
• May 2022: Deutsche Bank, a leading German financial services provider, confirmed that it had partnered with the fintech platform, FinLync. The collaboration was likely to assist corporations through instant access to real-time treasury.

• On September 06, 2021, Volt, an Australian neo-bank, collaborated with BTC Markets (BTCM) to give the crypto-currency exchange with integrated banking capabilities a first-of-its-kind partnership in the country.
• On March 02, 2022, Zeller, an Australian neobank for small businesses, raised an AUD 100 million Series B round (about 72.7 million USD), bringing its total valuation to over 1 billion AUD (about 727 million USD). Headline spearheaded the funding, with Hostplus, an Australian superannuation firm, joining in. Square Peg, Addition, and Spark Capital were among the returning investors.

• 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.