Deals
TriSpan buys Pho, Gresham House Ventures exits
Pho generated revenues of around GBP 40m in the year to February 2020
PAI acquires Scrigno from Clessidra
Deal is the fourth inked by PAI's new Mid-Market Fund, closed on EUR 920m in March
TA buys Smiths Medical from parent Smiths Group
Deal gives the medical subsidiary a USD 2.3bn enterprise value
Bolt closes EUR 600m funding round
Investors include Sequoia, Tekne, Ghisallo, G Squared, D1 Capital and Naya
Ambienta sells Calucem to Cementos Molins in EUR 150m deal
Calucem reports a turnover of EUR 58m, with an EBITDA of EUR 16m
Sanne board to recommend Apex offer
Should Apex make a firm offer, Cinven would have to significantly up its own bid for the fund administrator
Lonsdale sells Charles Cameron to Penta's Socium Group
Third exit announced by Lonsdale this year, and the second from its 2016 fund
PAI explores Refresco exit
Paris-based private equity firm is exploring options around a dual-track process
Mayfair backs Tangle Teezer MBO
Report by The Times values the business at more than GBP 200m
HIG buys Quick Restaurants for EUR 240m
Restaurants reported EUR 227m in sales and EUR 21m in EBITDA in 2019
Livingbridge acquires IT service North from Aliter Capital
Aliter Capital formed North via a buy-and-build strategy for portfolio company Boston Networks
Three Hills sells ACT stake to Bridgepoint in USD 1bn deal
GP invested EUR 60m for a minority stake in the environmental commodities trading platform in 2018
Alto Partners exits Ro Mar in trade sale
Alto Capital III fund secured a majority stake in the food products manufacturer in 2017
Wm Morrison shareholder JO Hambro to decline Fortress takeover offer
JO Hambro say the offer is below the 270p level that would be worthy of consideration
Qualium sells La Foir'Fouille stake to manager and funds - report
Deal values the French discount retailer at between EUR 150m and EUR 200m
Tiger Global leads USD 175m round for Contentful
Berlin-headquartered mobile application and digital content developer is valued at USD 3bn
Belgian unicorn Odoo raises USD 215m from Summit
Sofinnova Partners sells shares, with the latest valuation being a 149x jump on its 2010 investment
Cinven buys Restaurant Brands Iberia in EUR 1bn-plus deal
RB is the master franchisee for the Burger King brand in Iberia
Bridgepoint explores Anaveo exit, initial bids due imminently
Financial sponsors showing preliminary interest include 3i, PAI and Motion Equity Partners
Allego to go public via merger with Apollo-sponsored Spac
Transaction values Allego at a pro forma equity value of USD 3.14bn, including a USD 150m PIPE
Afinum, SHS sell Evitria to trade
Exit values the Switzerland-based antibody expression specialist at more than EUR 200m
Equistone sells Bruneau to Towerbrook
Earlier media report put the EV of the French online office supplies retailer at EUR 475m
Mandarin Capital mandates advisers for Italcer sale
Sale will kick off later in the year, targeting both private equity firms and industry players
Bregal acquires Advent-backed Laird Thermal Systems
Advent acquired LTS's parent company Laird in a GBP 1.2bn take-private in 2018