Deals
VC-backed Cazoo acquires Target Global-backed Drover
Cazoo generates revenue of ТЃ150m and has a valuation of more than ТЃ2bn
TCV leads $130m round for Spryker
Series-C round values the Germany-headquartered e-commerce software platform at more than $500m
Arcus buys majority stake in BitterLiebe
Founders of the bitter dietary supplements producer are to retain a minority stake in the company
Draper Esprit leads $30m round for CoachHub
Round is also backed by HV Capital, Partech, Speedinvest, Signals Venture Capital and RTP Global
Ardian buys AD Education
BC Partners and CVC were also reportedly among suitors mulling a bid for AD Education
Toscafund, Penta to acquire TalkTalk for £1.1bn
Consortium offered 97 pence per share, a premium of 16.4% on the unaffected share price of 83.3 pence
Bolster invests in Oceanwide Expeditions
Investment in the Arctic and Antarctic cruise company is Bolster's third deal of 2020
SHS buys minority stake in Develco Pharma
Growth capital deal is the ninth investment from the healthcare-focused GP's fifth fund
Omnes buys minority stake in Tennaxia
Company will use investment to step up cross-selling strategy, strengthen sales teams, and attract new customers
LDC exits Texthelp, Five Arrows invests
LDC was seeking around five potential sponsors in October 2020, one of which was ECI Partners
D1 leads €150m round for Bolt
Bolt will use the funds to enhance the safety and quality of its products as it grows in Europe and Africa
Sanofi et al. back €47m series-B for MinervaX
MinervaX has so far raised a total of $81.5m in funding, including grants
Mutares to acquire Primetals Technologies France
Deal will see the business carved out from its parent company on expected completion in February 2021
Auctus acquires Energiekonzepte Mitteldeutschland
Solar panel installation business intends to pursue a buy-and-build strategy in the German market
Equinox buys pesto specialist Clas
Equinox invests in the business via its Equinox III fund, which closed on €360m in July 2020
Procuritas buys and merges Medpro and Omtanken
GP is deploying equity from Procuritas VI, which held a final close on тЌ318m in May 2017
Accel leads $21m round for Taxdoo
Series-A for the online retail VAT software is also backed by Visionaries Club, 20VC and HTGF
Mobeus backs £9.5m ABL1Touch buyout
Management team will be joined by Bill Duffy, previously of Nationwide Autocentres
Providence buys La Centrale
Following the deal, which is expected to close in Q1 2021, Axel Springer will retain a minority stake
Gyrus completes recap for DuPont Sustainable Solutions
First realisation since the GP's establishment in 2018 sees a 60% return on invested capital for investors
FSN to acquire 45% stake in Obton
GP is reportedly paying тЌ403m for its stake, corresponding to a valuation of 25x profit for 2019
EQT Ventures, Creandum lead €1.5m seed round for Kive
AI startup will use the funding for product development and to strengthen its team in Europe
Main-backed Hype buys HPL
Acquisition of the corporate idea management software is Hype's first since Main invested in 2019
AnaCap acquires Novia
Total equity in the business was worth ТЃ26.7m as of April 2020, according to Companies House