UK / Ireland
Ashridge scores 1,439% IRR on Marclay after four-month hold
Ashridge invested in the UK-based cybersecurity and incident response firm in February
Montagu buys Waystone from MML
Acquisition of the fund advisory firm is Montagu's third SBO of 2021, according to Unquote Data
Investindustrial exits Polynt-Reichhold in buy-back
Asset was expected to fetch around тЌ2.5bn, with Lone Star previously thought to be in exclusivity
Unquote British Private Equity Awards 2021: entries due today
Submit your entry for the 2021 Unquote British Private Equity Awards before 5pm today
Unigestion holds €611m final close for second Direct fund
Fund surpasses its тЌ600m target and is more than 40% deployed
Livingbridge buys majority stake in VC-backed Semafone
Octopus Ventures and BGF exit the data security and compliance software developer
Five Arrows invests £120m in Causeway Technologies
Deal follows the GP's ТЃ300m SBO of Sygnature Discovery from Phoenix Equity Partners
Healthcare buyout value hits new high in first half
Trio of mega-buyouts push the aggregate value of deals to тЌ19.5bn in H1, versus тЌ11bn in H2 last year
Bridgepoint mulls London listing
GP could be valued at ТЃ2bn and is also planning fundraises for its Europe and Growth strategies
Phoenix nets 4.3x return on sale of Rayner Surgical to CVC
CVC will deploy equity from its Fund VIII, which held a final close on ТЃ21.3bn
The Deals Pipeline
A highlight of deal processes underway and involving PE, either on the buy- or sell-side, across Europe
Phoenix confirms Sygnature sale to Five Arrows
Deal is the third strong exit from Phoenix's 2016 fund, following Travel Chapter for 3.6x and Rayner for 4.3x
Hg, Vista Equity Partners to sell Allocate to trade
Sources told Mergermarket in May that the company could fetch a valuation of around ТЃ1bn
SoftBank leads $600m series-D for CMR Surgical
Series-D values the business at around $3bn, according to an FT report
Pandemic sinks dealflow in restaurants & bars to 10-year low
Activity in the sector has not yet returned to previous levels, with four buyouts totalling тЌ285m recorded to date in 2021
Perwyn buys majority stake in JT's IoT division
Jersey Telecom will retain a minority stake in the company, which is valued at ТЃ200m
Graphite Capital sells Performance Timber to trade
Acquisition by Bergs Timber values the company at SEK 140m and ends a 12-year holding period
Epiris sells Saunderson House in £150m trade sale
GP acquired IFG Group in 2019, subsequently splitting it into Saunderson House and James Hay
Queen's Park Equity hires Manning from Livingbridge
Nick Manning spent two years at Livingbridge following stints at Arrowpoint Advisory and KPMG
GP Profile: Palatine looks to B2B, continued ESG value creation
Managing partner Gary Tipper discusses the firm's deal pipeline, its focus on ESG, and how its portfolio has weathered the pandemic
Healthcare valuations heat up as high-profile assets crystallise competition
Healthcare sector saw multiple valuations pick up in Q1 2021 and hit a record high of 13.7x
One Equity Partners acquires Brush Group
OEP has also supported Brush in its acquisition of electrical engineering company Aprenda
Squire Patton Boggs launches new funds practice in London
Steven Ward joins from Paul Hastings as partner in order to lead the new practice
Bridgepoint buys minority stake in Itsu
GP intends to back Itsu's growth plans after a challenging year for the restaurant and bar sector