UK / Ireland
MML, 57 Stars invest GBP 20m in Natural World Products
MML Growth is backing the waste recycling and compost production firm via its EUR 135m second fund
Q2 Barometer: Robust Q2 performance bodes well for H2
The latest Unquote Private Equity Barometer, produced in association with Aberdeen Standard Investments, is now available to download
Multiples Heatmap: PE continues to pay ever more for assets
Deal multiples record a fifth consecutive quarterly increases to reach 11.8x in the second quarter of 2021
Waterland buys fire safety business Writech
Following the deal, Waterland will have six portfolio companies with a presence in Ireland
VCs in USD 292m round for WorldRemit
Series E from Farallon, Leapfrog, TCV and Accel sees the firm rebrand as Zepz at a USD 5bn valuation
MML sells Sonas Bathrooms to management
MML Growth acquired a minority stake in the Ireland-based bathroom products supplier in 2017
The Deals Pipeline
A highlight of deal processes underway and involving PE, either on the buy- or sell-side, across Europe
Bridges exits The Vet in trade sale
Exit is the firm's third since July 2021, following SBOs of Wholebaker and World of Books
Wm Morrison board accepts GBP 7bn CD&R offer
Deal would be the largest PE-backed take-private in the UK since Boots' GBP 11.1bn delisting in 2007
No sign of summer holiday for PE as dealflow beats records
In June and July 2021, deal volume surpassed 2019's record by 13%, with aggregate value up by 33%
Inflexion to acquire Sunovion Pharmaceuticals Europe
Inflexion's previous pharmaceutical sector investments include Rosemont Pharmaceuticals
Hamilton Lane raises USD 475m across two Large Buyout Club funds
Hamilton Lane now intends to launch a Venture Capital-focused fund as an extension of the strategy
Charme, Livingbridge sell Witherslack to Mubadala Capital
Both Charme and Livingbridge are to retain minority stakes in the school and care home operator
Montagu hires Woehl as ESG manager
Kim Woehl joins following four years as a manager in PwC's sustainability and climate change team
Rutland acquires Southgate Global
Acquisition of the packaging company is the 11th platform deal from Rutland Fund III
Exponent to exit publisher Dennis in GBP 300m trade sale
Deal ends a three-year holding period and nets returns of more than 3x money and 40% IRR for the GP
Apiary invests in MediaSense
Apiary is currently deploying its debut fund, which closed on GBP 200m in 2018
Rockpool nets 12.7x on sale of Outright Games to EMK
Rockpool took a majority stake in Outright in 2016, providing growth capital to the team
Cairngorm raises GBP 200m for fund III
Fund was oversubscribed and has already made five investments following its 2019 launch
Synova's Mintec buys Kairos
Synova acquired its stake in Mintec from the Peksa family in early 2018
LDC backs GBP 65m MBO of Texecom
LDC buys the provider of intruder alarm systems from its listed parent Halma
The Deals Pipeline
A highlight of deal processes underway and involving PE, either on the buy- or sell-side, across Europe
Video: Q&A with Rutland Partners' David Wardrop
David Wardrop joins Unquote editor Greg Gille to discuss how the firm is approaching the post-Covid investment landscape
Morrisons adjourns shareholders' meeting, CD&R still looking at offer
Clayton Dubilier & Rice has asked that it be provided with more time to consider its options