Deals
CVC provides £37.5m financing for Sovereign-backed Nurse Plus
Sovereign Capital purchased Nurse Plus from previous sponsor Key Capital Partners in 2015
Elevat3 Capital leads funding round for Neodigital
Germany-based digital insurance company is also backed by existing investors Coparion and Alstin
PAI buys Grand Frais grocery business EEF
PAI intends to support EEF in accelerating its growth plans, both organically and via external acquisitions
Edge invests in Blast
Investment manager Niall Santamaria led the investment for Edge and has been appointed to the board
Alder to exit Finnish company Aidon in Q1 2021 – report
GP acquired a majority stake in the company in 2013, alongside 2VK Invest, Tesi and key employees
VCs in €100m round for SellerX
Cherry Ventures, Felix Capital and Triple Point Capital have backed the seed round
Mercia-backed Abingdon Health files for IPO
Abingdon Health was in discussions with potential investors for an IPO to raise around £100m
Voima Ventures leads €2m round for Betolar
Startup will use the proceeds to start the commercialisation of its product to global markets
Equistone sells Eschenbach to trade
UK-based Inspecs Group is to pay €94.85m for the eyewear business, according to a statement
Livingbridge sells Giacom to trade
Bidders for the company included Hg among a number of other trade and private equity bidders
Knight Capital leads €10m series-B for Smart Protection
Swanlaab Venture Factory and CDTI also take part in the round, alongside previous backers including Nauta Capital
Eurazeo buys Altaïr from Motion Equity for €115m
Sale ends a four-year holding period for Motion Equity, which bought the company from Azulis, Gimv and co-investors
Viking, General Atlantic lead $80m round for Pharvaris
Foresite, Bain Life Sciences, VenBio Partners and Venroc also back the biotechnology company
NorthEdge invests in Lights4fun
In a competitive process run by Sentio, NorthEdge was chosen as the preferred partner due to cultural fit
Hg acquires Septeo Group
Deal sees Hg investing via Genesis 9 and reportedly values the legal tech business at more than €1bn
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