Deals
BGF invests £8m in UK Flooring Direct
Keith Pacey is currently chair at UK Flooring Direct and will continue in this role
Onex, GIC lead investment in $1bn Convex
GIC has made several investments in 2020, including in Klarna and Thyssenkrupp Elevator
Covid-19, oversubscribed funds fuel interest in early secondaries
Early secondaries are tipped to become more plentiful in the coming months, but market observers urge caution to mitigate potential pitfalls
VCs in $20m series-C extension for Tourlane
Tourism booking platform is backed by investors including Sequoia Capital and Spark Capital
M Ventures, Imec Xpand lead $20m round for Ferroelectric Memory
SK Hynix, Robert Bosch Venture Capital, TEL Venture Capital and eCapital also backed the round
Sale of EQT-owned Fertin Pharma to launch in Q1 2021
GP is aiming to close the deal before the second half of 2021
Bregal leads $53m series-C for Paack
Previous investors Unbound, RPS Ventures, Rider Global and Fuse Ventures also take part in the round
Inven Capital leads $50m round for Forto
Also participating in the round for the freight software platform were VCs including Iris Capital
Omers considers sale of ERM for £2.5bn – report
Omers Private Equity acquired ERM from Charterhouse for an enterprise value of $1.7bn in June 2015
Eurazeo exits Iberchem in €820m deal
Sale generates a cash-on-cash multiple of 2.1x and a 25% IRR for Eurazeo Capital
VC-backed Spacemaker sold to Autodesk for $240m
Deal comes a year and a half after the startup raised a $25m series-A round co-led by Northzone and Atomico in June 2019
Permira hires Goldman Sachs, Morgan Stanley for Dr Martens' IPO – report
Permira acquired the brand in 2013 for ТЃ300m, with debt provided by Barclays
EQT-backed HusCompagniet prices IPO
Company's IPO had reportedly been covered on the first day of the bookbuild
Mutares exits Nexive in €60m deal
Mutares and Dutch mail company Postnl sell the entire share capital of Nexive to Poste Italiane
Bridgepoint-backed Diaverum to launch IPO
Planned IPO could reportedly value at the renal care clinics group at more than тЌ2bn
Quadriga's Scio bolts on MFI
Industrial automation group Scio has made a series of four add-ons in 2020
Palamon-backed FairConnect buys DriveQuant
Palamon bought a majority stake in the connected insurance service provider in a €100m deal in 2018
Aksia buys Nappi
This is the fourth acquisition made by Aksia Capital V, following its investments in Primo, Valpizza and Vomm
LDC mandates Rothschild to sell Adey - report
LDC acquired the company in June 2016, using a тЌ60m unitranche provided by Alcentra
KKR backs CMC Machinery
GP invests in the company via KKR Global Impact Fund, which held a final close on $1.3bn in February 2020
Dawn, Tiger Global lead $38.5m series-A in Harbr
Tiger Global is investing from its 12th-generation fund, which closed on $3.75bn in January 2020
Eight Roads, Balderton lead $30m series-B round for Tibber
Alongside equity, the company secured $35m in debt financing from Nordea
Montagu to acquire ISI from Citic
Completion of the sale is expected next month, subject to customary closing requirements
Nordic Capital-backed Nordnet prices IPO
Offer amounts to roughly 38% of the total number of shares being offered in the company