Deals
Cinven's Partnership Assurance to float on LSE
Partnership Assurance Group (PAG), a financial advisory company owned by Cinven, has announced plans to float in London in June, in an IPO that could reportedly value the business at up to £1bn.
Verdane Capital exits KSD to Descartes
Direct secondaries specialist Verdane Capital has sold KSD Software Norway AS to The Descartes Systems Group for NOK 190m.
Caixa Capital Risc leads €1.1m round for iMicroQ
Caixa Capital Risc has led a €1.1m funding round for Spanish biotech firm iMicroQ.
Key Capital’s Templine acquires A&A Recruitment
Templine Employment Agency Ltd, a recruitment company backed by Key Capital Partners (KCP), has acquired UK-based A&A Recruitment Ltd.
A vintage year for the secondaries market
Secondaries
Mercia backs Ventive in series-A round
Birmingham-based venture capital firm Mercia Fund Management has backed low-carbon ventilation product developer Ventive in a £900,000 series-A funding round.
Nordic Capital’s Britax to acquire Brio Care
Nordic Capital-backed Britax has agreed to acquire Swedish toy maker Brio Holding AB’s push chairs, car seats and furniture business Brio Care.
Q1 Barometer: Deal value hits four-year low
Q1 Barometer
Large-cap market awakens after tepid Q1
European buyouts valued in excess of €500m have been conspicuous in their absence in the first quarter following a flurry at the tail-end of 2012 – but recent weeks have shown signs of a revival.
Calao invests in Contrejour
French GP Calao Finance has provided shutters manufacturer Contrejour with fresh equity.
Cardio3 raises €19m in new funding round
Belgian biopharmaceutical company Cardio3 Biosciences has completed a funding round that saw previous investors inject €7m in new equity alongside the conversion of €12m in existing convertible loans.
Investment AB Kinnevik et al. invest $20m in Foodpanda
Investment AB Kinnevik and Phenomen Ventures have led a funding round in excess of $20m for Foodpanda, a global food delivery service.
Calculus invests £1.1m in Benito's Hat chain
Calculus Capital has invested £1.1m, alongside a further £300,000 from existing investors, in London-based Mexican food chain Benito’s Hat.
Omega Funds leads $10m round for SpineVision
Omega Funds has led a $10m funding round for French medical devices provider SpineVision, which also included investments from two other new backers.
Darby exits Sirma to Danone
Darby Private Equity is set to sell its holding in Sirma, a Turkish bottled water and beverages manufacturer.
FTBPro raises $5.8m from VC duo
Battery Ventures and Gemini Israel Ventures have provided $5.8m to FTBPro, a fan-generated football content platform based in London.
Octopus leads £2m TrialReach round
Octopus Investments and Amadeus Capital Partners have provided UK-based clinical trials search business TrialReach with a £2m round of funding.
3i sells Civica to Omers Private Equity
3i has sold specialist IT systems and services firm Civica to Omers Private Equity for an enterprise value of £390m.
Nordic Capital and Cidron mull partial Cloetta exit
Nordic Capital and Cidron are considering selling part of their stake in Swedish confectionery company Cloetta, according to reports.
CCMP acquires Pure Gym
CCMP Capital Advisers has backed Pure Gym's management in a secondary buyout of the UK-based company, which previously received funding from Magenta Partners.
Vertis buys minority stake in Arav
Italian VC investor Vertis has agreed to commit €9m to Naples-based clothing producer Arav in exchange for a minority stake.
Foresight backs Procam MBO
Foresight Group has backed the MBO of Procam TV, a UK broadcast hire company.
ECM acquires MediFox Group
ECM Equity Capital Management has acquired MediFox Group, a German software provider for the care industry, alongside management as part of a succession solution.
Isis backs MBO of Red Box
Isis Equity Partners has invested £14m in digital recording specialist Red Box Recorders as part of a management buyout.