Kenny Wastell
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Articles by Kenny Wastell
Synova holds £365m first and final close for fourth fund
Vehicle surpassed its £300m target and closed with 46% more in commitments than its predecessor
Blackstone et al. agree £4.77bn Merlin take-private
Proposed transaction also includes co-investment from CPPIB and the investment arm of Lego
H2 invests in Siderise
Manufacturer of insulating materials used in construction made an operating profit of £2.6m in 2017
Elysian acquires Aspirations Care from August
Deal for the residential care provider brings to an end a seven-year holding period for the vendor
TDR to de-list BCA Marketplace in £1.9bn deal
Price gives the car auction business an enterprise value multiple of 12.5x its adjusted EBITDA
CVC Credit holds $1.42bn final close for GSS II
Special situations fund had a target of $1bn and was closed after eight months on the road
Y Combinator Continuity leads £113m round for Monzo
Deal reportedly values the online bank at double its October 2018 valuation of £1bn
BGF invests further £6.5m in Kids Planet
Nursery school group has expanded from 17 sites to 38 since the GP's initial investment in 2016
France Invest appoints Dupont as managing director
New recruit leaves his role as France's attaché in charge of financial services at the EU
NorthEdge backs MBO of Phoebus Software
GP is currently deploying capital from SME Fund I, which writes equity cheques of £2-10m
CVC pulls sale of D&G; reports
Decision to suspend the exit is reportedly due to a lukewarm response from potential investors
Invest Europe appoints Mid Europa's Baudon as chairperson
New chairperson takes over from DN Capital's Marovac and will serve a one-year term
GP Bullhound holds €113m final close for Fund IV
Vehicle will predominantly focus on later-stage rounds for European technology businesses
Ardenton acquires Food Innovations Baking Group
Buyout of the baking product company is the GP's fifth UK deal since opening a Manchester office
Target Global leads $42m round for Zego
Gig-economy- and mobility-related insurance provider will look to expand across Europe
Endless holds £30m final close for Enact Fund II
Development comes 14 months after Fund I made its final exit with the sale of Stirling Dynamics
Management due diligence: getting under the bonnet
Almost half of PE investors believe external assessments are the most important method for evaluating a management team
August-backed PCS acquires Essex Pet Crematorium
Deal is the eighth acquisition made by the pet crematorium group under the GP's tenure
Corsair's Zedra bolts on Interben Trustees
Acquisition of the pension administration business will give the group entry into the Nordic market
Rockpool backs MBO of Datum Alloys
GP has acquired a majority stake in the UK-headquartered steel stencil foil manufacturer
Aliter acquires Bolt Learning
Software and online training firm is the first instalment in a corporate training buy-and-build
CIC and Amadeus lead £3.25m round for Riverlane
Scientific research software firm will develop its products for quantum computing hardware platforms
Playfair appoints Avonmore's Blakey as non-exec
Angel investor will also become a member of the seed capital firm's investment committee
Eurazeo leads $227m funding round for Adjust
Firm contributes €60m towards the funding round for the German data analysis software developer