UK / Ireland
Pandemic success boosts appeal of "misunderstood" gaming sector
PE and VC interest for the sector has picked up in the past few years after a lull, and the pandemic could turn some of these bets into winners
Sun European to sell mattress retailer Dreams for $475m
Exit comes eight years after the GP acquired the company from its administrators at an estimated price of ТЃ35m
Riello launches €80m agri-food venture fund
Linfa Ventures will be dedicated to late-stage and growth capital investments across the agri-food sector
One Peak leads $125m series-B round for Paysend
Fintech company will use the proceeds to expand internationally and speed up product innovation
Multiples Heatmap: hectic Q1 further fuels valuation hike
Deal multiples saw four consecutive quarterly increases to reach 11.5x in the first quarter of 2021
Apposite heads for autumn final close for third fund
Healthcare-focused GP has made its first deal from the fund, acquiring Switzerland-based 1Med
Mobeus scores 3.3x on Ludlow trade sale
GP sells financial advice business Ludlow Wealth Management to Mattioli Woods for ТЃ36m
Mobeus invests £8.2m in architectural visualisation studio The Boundary
Deal is GP's 12th investment from Mobeus Equity Partners Fund IV, which is now 70% invested
Raymond James buys Cebile Capital
With the addition of Cebile to its investment banking division, Raymond James expects to further expand its service offering
Vectura board greenlights £958m Carlyle offer
Vectura Group is a listed, UK-based developer of inhaled drug delivery devices
Bain Capital Ventures Fund 2021 raises $1.3bn
Fund intends to focus on digital commerce, fintech, digital healthcare and cloud infrastructure
Chubb Fire & Security draws Bain-Advent consortium in £2bn sale
Previous process was halted in 2019 after bidders submitted lower than expected offers
Merieux Participations 4 holds €300m first close
MP4 provides equity tickets of тЌ20-80m, with a sweet spot of тЌ40-45m, targeting the health and nutrition sector
LDC sells Magicard to trade for £42m
Sale comes five years after LDC backed a ТЃ22m management buyout of the compan
Omers buys into Partners Group's International Schools Partnership
Deal gives the international group of K-12 schools an enterprise value of тЌ1.9bn
Foresight hits £65m first close for Regional Investment III
Fund has Greater Manchester Pension Fund as its cornerstone investor
HIG buys Travis Perkins' P&H in £325m deal
GP plans to use its experience in specialised distributors to support the plumbing and heating firm
Castik transfers Waterlogic to €700m single-asset fund
Vehicle acquires a majority stake in Waterlogic from Castik's тЌ1bn first fund Epic I
PE-backed IPOs on track for best year since 2017
This year has already seen 26 portfolio companies listing, with a total offering volume approaching тЌ12.7bn
Macquarie buys Wavenet from Beech Tree
Macquarie intends to boost the company's growth and provide a renewed focus on strategic acquisitions
Palatine sells TTC Group to management
TTC had reportedly been affected by the lockdowns caused by the pandemic
LGT raises $6bn across two secondaries funds
LGT's $1.5bn CSSO II and its $4.5bn CGS V vehicles will target a range of secondaries deals
OpenGate heads for third fund launch targeting up to $700m
GP is currently investing its second fund, which held a final close on $585m in November 2019
Neuberger Berman launches ELTIF
Fund focuses on buyout opportunities blended with some growth and structured equity