UK / Ireland
Soho Square launches auction for Technical Fire Safety Group
Sellside adviser Rothschild has distributed information memoranda to prospective buyers
Inflexion acquires CDMO Upperton
The GP has invested in the British CDMO via its Enterprise Fund V
Volpi exits Version 1 to Partners Group
The Jefferies-led auction also saw Apax, OTTP, Cinven and Bain compete for the Irish IT solutions group
Lonsdale buys infrastructure consultancy Infrata
Deal for London-based firm marks the second investment made outside the GPтs buyout fund, which closed investment period last year
17Capital closes debut Credit Fund on EUR 2.6bn
Fund is the GP's first to focus on NAV financing in the form of credit, rather than preferred equity
EQT sets Fund X hard-cap at EUR 21.5bn
GP is also on the road for funds including its EUR 4bn, impact-focused EQT Future Fund
Bowmark buys workflow automation provider WSD
GP will seek to expand London-based companyтs product development and grow in North America, Europe and Asia
The Bolt-Ons Digest – 19 April 2022
Triton's All4Labels; Committed's MR Marine; Goldman Sach's Advania; Main Capital's Perbility; and more
Hg bolsters team with promotions and new hires
GP has promoted three to partner and fills newly created role, head of talen
Melior Equity Partners holds EUR 160m final close for debut fund
Irish SME-focused GP is led by former Carlyle managing directors Jonathan Cosgrave and Peter Garvey
Briar Chemicals owner Aurelius launches sale process
Aurelius had previously gauged interest for the chemicals producer in 2019, Mergermarket reported
Carlyle acquires life sciences investor Abingworth
Deal follows EQT's acquisition of LSP in November 2021 as asset managers look for greater specialisation
European PE fundraising forges ahead amidst macro uncertainty
Unquote explores LP preferences, GP behaviour and the challenges ahead in what many expect to be a record fundraising year
Volpi hires Fairlie from Synova
Tech specialist closed its second fund in January 2021 and has made three hires this year
European Q1 deal value drops amid market volatility
Buyouts in the first quarter fell to EUR 62bn, the lowest level since the recovery from the pandemic started
MPEP holds EUR 215m interim close for fourth PE fund
GP expects to reach its EUR 300m target for Munich Private Equity Partners IV by summer 2022
Novo-backed ReViral acquired by Pfizer
The British biotech company is also backed by CR-CP, New Leaf, Andera Partners, and OrbiMed, among others
Phoenix exits Forest Holidays for 3x money
Buyer is Sykes Holiday Cottages, a portfolio company of Vitruvian Partners and Livingbridge
H2 Equity exits premium logistics group Cadogan Tate to TSG
US sponsor plans to use acquisitions to expand the London-headquartered company abroad; management will retain minority stake
Clearwater Multiples Heatmap: UK and Ireland deals pass 14x mark in Q4
With PE buyouts in Europe shattering records again in 2021, average multiples continued to move up in Q4
Inflexion sells Marley for 3.5x, 58% IRR
Sale to listed construction firm Marshalls values the roofing tile specialist at GBP 535m
Kempen reaches EUR 245m final close for second PE fund
Fund has made two co-investments and five partnership deals so far, Kempen's Sven Smeets told Unquote
Dental Directory sees Exponent, Equistone bare teeth in sale second round
DC Advisory is expected to review final bids for the carve-out from Palamon-backed IDH Group in about a month
JamJar closes second fund on GBP 100m
JamJar Fund II is the consumer technology-focused first fund with institutional investor backing