Morning all, Craig McGlashan here with the Europe Wire from the London newsroom.
We’re looking north this morning with a deal in the Nordics, where GTO Partners has bought a majority stake in a Danish IT company.
Next, Main Capital Partners has made its first platform investment in France, not long after opening a Paris office in February.
Finally, we’ve got news that Pollen Street Capital is interested in listed global payment and currency risk management company Argentex Group – although the private equity firm has competition.
In the cloud
Earlier this morning we broke the news that GTO Partners has acquired a majority stake in Danish IT company Complea.
Read more about the target and GTO's plans for the business in the premium version of the Wire.
‘Strong momentum’
Main Capital Partners has acquired Trace One, a SaaS provider in product lifecycle management and compliance software, from STG Partners.
This transaction is Hague-headquartered Main’s inaugural platform investment in France, following the opening of its Paris office in February.
Read about Main's buy-and-build plans for the business in the premium version of the Wire.
Private equity firms benefitting from opening local offices was a topic we looked at in depth at the tail end of last year.
Competition
Pollen Street Capital has made a non-binding indicative proposal for Argentex Group, a global payment and currency risk management company listed on the London Stock Exchange, with offices in the UK, the Netherlands, Australia and the UAE.
The private equity firm has competition, however. One proposal comes from IFX Payments and another from Terry Clune and Harry Adams. Adamsis the former CEO and founder of Argentex.
Find out which bid is leading the race in the premium version of the Wire.
That’s all from me today. Rafael Canton is on US duty later today and I’ll be back with you from Europe tomorrow as Nina Lindholm is on holiday.
Cheers,
Craig
Read the full Wire commentary on PE Hub ...
