Deals
Preservation Capital backs Ascent Underwriting
New financial-services-focused firm Preservation Capital Partners inks its first deal
Enterprise Investors buys CBA Slovakia
GP intends to provide €16m in additional equity funding to deleverage the business
Equistone-backed Caseking bolts on Trigono
Acquisition is intended to support Caseking's expansion in the Scandinavian market
Rocket Internet floats HelloFresh in €1.7bn IPO
HelloFresh will raise €318m in expansion capital to fund continued growth and further acquisitions
PE-backed Trintech acquires Adra Software
Backed by Sprectrum and Vista, the combined group will operate under the name Trintech
Nordic region dominates Europe's IPO activity
IPO activity has rippled across Europe this year, but the Nordic region stands out, accounting for 30% of European listings
Triton exits Infratek Group
GP sells its shares to French concessions and construction company Vinci Group
Vorwerk, Earlybird lead €5m round for Crossengage
Project A, IBB, Cavalry, 42 Capital, Capnamic, Ventech and TA Ventures also take part
Smedvig sells PPC to SDI Media
Sale of film marketing company brings to an end a seven-year tenure for the vendor
Stage Capital exits Mermeren in €73m trade sale
Added to previous value realisations, the exit delivers a 5x return on investment for the GP
NVM invests £4m in Hello Soda
Deal sees the VCT manager acquire a minority stake in the data analytics software company
IK buys Debitor Inkasso
GP draws equity from IK Small Cap I Fund, a €277m vehicle that held a final close in 2016
Rhone Alpes PME backs Groupe Structa MBO
GP buys French wooden and aluminium joinery manufacturer Groupe Structa
Permira acquires Duff & Phelps for $1.75bn
Selling shareholders include Carlyle, Neuberger Berman, University of California and Pictet & Cie
Mid Europa acquires Hortex
GP is currently deploying Mid Europa IV fund, which held a final close in 2014
Credo acquires Villa Paradiso Group
Founders will retain a minority stake along with key employees in the business
Breyer and Index in $28m series-B for Kano
Fresh capital will fund the launch of the company's products in the North American market
Ardian's Italmatch buys Sudamfos do Brasil
Deal follows Italmatch's acquisition of Compass Chemical International in North America
Caledonia sells Sloane Club to Queensway and Clearbell
Deal ends a 26-year tenure and gives the private members club an enterprise value of £80.6m
LDC sells Mini-Cam to Halma for £85m
Sale of the pipeline inspection systems producer is the vendor's eighth exit in five months
Axcel acquires majority stake in Mountain Top Industries
Transaction is the second investment for the Axcel V fund, and awaits regulatory approval
Alantra buys MD Moldes
MD Moldes founder Manuel Domingues retains a 30% stake and remains CEO
FSN Capital in partial exit from Fitness World
FSN aims to continue expanding the health club in Denmark and abroad following the Kirkbi investment
Consortium backs €40m round for Ada Health
Cumberland VC, the June Fund and Access Industries all take part in the funding round