UK / Ireland
3i supports Infinis's bolt-on of Alkane with £125m
Acquisition of methane-capturing company comes 16 months after 3i's initial investment in Infinis
LP direct investment: straight to the source
Limited partners are striking out on their own to source their investments directly, with numeorus new strategies emerging
Horizons co-leads $15m funding round for Owlstone
Aviva Ventures co-led the round, which also saw investment from existing investors
TPG's Prezzo to close 94 restaurants following CVA
Casual dining chain suffered an 8.1% drop in like-for-like sales in 2017 and owes ТЃ220m to creditors
NorthEdge makes 3.1x on sale of Jigsaw24 to Alcuin
Sale of the IT business brings to an end a five-year holding period for the vendor
Macquarie hires Intel Capital's Jorgensen
Jorgensen will support Macquarie's infrastructure technology and growth capital initiatives
Searchlight sells Ocean Outdoor to Ocelot for £200m
Deal brings to an end a three-year holding period for the vendor, having previously acquired it from LDC
Privet's Aeromet bolts on Stone Foundries
Acquisition comes two and half years after the GP acquired Aeromet from Black Diamond Capital Management
Tenzing makes third deal from debut fund with CitNow
Automotive video software company will pursue product development and international expansion
Advent receives board approval for £1bn Laird take-private
GP has also received irrevocable undertakings and letters of intent from 27% of Laird's shareholders
BGF invests £6.3m in Dianomi as Beringea exits
Online advertising content management platform will expand into the US, Germany and Asia-Pacific region
Rutland's Maplin enters into administration
Talks to sell the consumer electronics retailer to Edinburgh Woollen Mill collapse
Catalyst acquires investment management consultancy Knadel
Five months after Livingbridge's investment, market consultancy Catalyst acquires Knadel
Large-cap deals drive strong start to 2018 for European PE
GPs deploy an extra тЌ7bn in aggregate value across European buyouts in the first two months of the year compared to 2017
Balderton leads $22m funding round for Peakon
Round is backed by EQT Ventures, Idinvest Partners and Sunstone Capital
Aleph and Crestview exit Interoute in €1.9bn sale to GTT
Deal values the fibre network and data management provider at 11.5x adjusted EBITDA
Pantheon aims for FTSE 250 as NAV per share rises
Pantheon also announces a share restructuring and the issue of a ТЃ200m asset-linked note
Casual dining: overbooked and undercooked
British PE owners are facing challenges as the sector shows signs of strain due to oversupply and macroeconomic headwinds
Draper Esprit invests in five seed funds
Managers include Berlin-based Join Capital and Helsinki-based Icebreaker
Livingbridge appoints Jones
Jones joins the firm's value strategy group and will focus on insight and analytics
LocalGlobe et al. lead $3.9m round for StatusToday
Funding will enable the HR-related AI firm to build out its team and invest in product development
Cairngorm promotes two
Bayliss and Naylor-Leyland are both founding members of Cairngorm's investment team
CIC leads $6.6m series-A expansion for GeoSpock
Deal brings the total value of series-A funding for the data analytics company to $13.3m
Hg launches Saturn fund
Naming convention follows Hg's Mercury series, which targeted the small-cap space