Deals
Spotify starts listing process with SEC filing
Spotify's direct listing lets the market find a price and cuts out the usual underwriting process
Advent receives board approval for £1bn Laird take-private
GP has also received irrevocable undertakings and letters of intent from 27% of Laird's shareholders
CM-CIC invests €9.5m in Index Education
OBO sees CM-CIC acquire a minority stake in the French education software publisher
Vaaka Partners acquires Framery
Vaaka invested in the firm via its latest vehicle, Vaaka Partners Buyout Fund III
Arcadia buys Chiorino Technology
Following the deal, Arcadia manager Marco Toscano will take up the role of CEO at Chiorino
Innova partially exits Profim to Triton-backed Flokk
Deal comes less than a year after Innova bought a 75% stake in Profim in May 2017
BGF invests £6.3m in Dianomi as Beringea exits
Online advertising content management platform will expand into the US, Germany and Asia-Pacific region
Rutland's Maplin enters into administration
Talks to sell the consumer electronics retailer to Edinburgh Woollen Mill collapse
Cerberus- and JC Flowers-led consortium acquires HSH Nordbank
Non-performing loans valued at approximately €7bn will be acquired by the consortium separately
KKR backs Qui! Group
Fresh capital will be used to support the company's growth and boost its global expansion
Haspa BGM, Schulz Systemtechnik buy Keil Anlagenbau
Haspa invests in buyouts and growth capital transactions for German mid-market companies
Catalyst acquires investment management consultancy Knadel
Five months after Livingbridge's investment, market consultancy Catalyst acquires Knadel
Balderton leads $22m funding round for Peakon
Round is backed by EQT Ventures, Idinvest Partners and Sunstone Capital
Aleph and Crestview exit Interoute in €1.9bn sale to GTT
Deal values the fibre network and data management provider at 11.5x adjusted EBITDA
Partech invests $2.5m in QuasarDB
Funding will be used to expand to the US market and finance research and development
Nauta leads $1.6m funding round for Holded
GP is deploying capital from its Nauta IV fund, which held a final close in 2017 on €155m
ECI-backed ATG buys Lot-tissimo
Combined group will host 18,000 auctions a year, with more than £2bn under the hammer
Priveq, SEB exit Crem International in SEK 1.8bn trade sale
Both PE firms are wholly exiting Crem after acquiring the business from Accent Equity in 2012
Hg completes take-private of Dada
Transaction follows Hg's initial acquisition of a 69.4% stake in Dada made in October 2017
Enterprise Investors-backed Novaturas readies for IPO
Offered shares represent 50% of the company's total capital, with Enterprise intending to retain a stake
Holland Ventures-backed Avensus buys ICT Visions
Security services and cloud technology service Avensus bolts-on Dutch ICT Visions
LocalGlobe et al. lead $3.9m round for StatusToday
Funding will enable the HR-related AI firm to build out its team and invest in product development
VC firms invest €4m in Kaliti
VC firms invest €4m in French construction and real estate software developer Kaliti
CIC leads $6.6m series-A expansion for GeoSpock
Deal brings the total value of series-A funding for the data analytics company to $13.3m