UK / Ireland
Mobeus hires three in growth team
Investment director Joe Krancki joins from Frog Capital, where he was a partner
Q1 Barometer: Total European deal value reaches new decade high
The latest Unquote Private Equity Barometer, produced in association with Aberdeen Standard Investments, is now available to download
Astorg, Bridgepoint buy Fenergo from Insight Partners
Media report values the business at $1.16bn, with the two GPs buying their stake for $600m
Endless's Enact carves out Jost's Edbro
Hydraulic cylinder producer is the third deal of 2021 from the GP's Enact strategy
Exponent acquires Gü
Exponent said in a statement that the dessert producer has international expansion potential
Top Tier Capital closes European fund on €260m
Fund makes primary and secondary investments in venture capital funds and co-investments in select portfolio companies
Warburg Pincus, Macquarie invest in Premier Technical Services
Macquarie Capital acquired PTSG in a take-private in 2019 and is reinvesting in the new buyout
KKR buys majority stake in ERM from Omers, AIMCo
Omers Private Equity backed the sustainability consultancy in 2015; the exit is valued at $2.85bn
The Deals Pipeline
A highlight of deal processes underway and involving PE, either on the buy- or sell-side, across Europe
Sanne rejects Cinven's £1.3bn offer
Cinven's proposal amounts to 830 pence per share, representing a 37.6% premium to Sanne's shares price of 603 pence
Livingbridge reaches £1.2bn mark for seventh fund
Partner Fiona Dane recaps the fundraising effort, which is double the size of its predecessor, with Harriet Matthews
Apposite Capital announces new appointments
Talent and human capital director and investment manager are among the new appointments at the UK-based GP
Abingworth Clinical Co-Development Fund 2 closes on $582m
ACCD 2 finances the development of late-stage clinical programmes of pharmaceutical and biotechnology companies
Bain Capital buys Valeo from CapVest
Bain intends to further boost the company's growth both organically and through acquisitions
Investec provides ESG-linked NAV facility for Bluewater
Facility is related to the portfolio of Bluewater Energy Fund I, which closed in 2013 on $861m
LDC backs PR firm Headland
LDC has history investing in PR consultancies; the GP backed Blue Rubicon from 2012 to 2015
Debt funds celebrate strong dealflow following Covid stress-test
Direct lenders now see shift away from refinancings and towards new deals, including 2020 processes coming back to life
YielCo holds closes for PE and co-investment funds
YielCo Special Situations Europe II is targeting тЌ300m; YielCo Defensive Investments targets тЌ150m
Sovereign invests in AquaQ Analytics
GP is currently on the road for Sovereign Capital V with a ТЃ450-500m target, as reported by Unquote
Park Square Capital Partners IV closes on €1.8bn
Fund invests in primary and secondary subordinated debt in both performing credit and dislocated debt
NeoGenomics buys VC-backed Inivata for $390m
Inivata will become a separate business division alongside NeoGenomics' clinical, pharma and informatics units
Inflexion sells Reed & Mackay to trade
Sale of the corporate travel business to US-based TripActions is the GP's fifth exit in six months
Perwyn opens Paris office, eyes more investment on the continent
Firm has already made two investments in France: Isla Delice in 2018 and Keobiz in 2020
European PE exits back to historic highs in Q1
Greater visibility on the pandemic's impact, attractive comparables and PE's strong appetite on the buy-side embolden managers