UK / Ireland
Investcorp, LDC exit Kee Safety
Exit sees the UK-based building safety business acquired by management, backed by ICG
Silverfleet promotes two to partner
Knight is based in London while Sommer is based in Silverfleet's Munich office
GCP invests in Hippo Digital for minority stake
Deal is the second investment for GCP's fifth fund, which was registered in Q3 last year
Q&A: do not give up on the lower-mid-market, says Monument's Karl Adam
Monument partner Karl Adam tells Greg Gille how an opportunity to break through still exists for lower-mid-market managers in a very top-heavy market
NorthEdge acquires Correla
Acquisition of the energy data company is the first platform investment from the GP's ТЃ250m Fund III
Unquote Private Equity Podcast: Ravenous for recurring revenue
The Unquote Private Equity Podcast is back to its regular format this week, with the team looking at PE's appetite for recurring revenue models
TDR Capital to take Arrow private in £563m deal
Offer price represents a premium of 33.4% to the closing price of 230.5 pence per share on 5 February 2021
Aurelius acquires AutoRestore
Acquisition is intended to complement Aurelius's other portfolio companies in the vehicle fleet services sector
Q4 Barometer: How European activity returned to pre-pandemic level
European PE deal value staged an impressive recovery over the course of 2020, capped by a busy Q4
MTIP holds first close for second fund
Digital-health-focused growth investor has a hard-cap of тЌ250m and target of тЌ200m for MTIP Fund II
Endless exits Carpet & Flooring in trade sale
GP acquired the carpet and flooring division of listed building products company SIG in early 2017
Parsley Box floats in £84m IPO, Mobeus reaps 4.2x return
Mobeus sells one third of its holding, while remaining as the largest institutional shareholder in the business with a 14% stake
Kartesia Senior Opportunities I holds €1bn final close
Fund provides senior financing to European small and medium-sized companies with strong credit profiles
UV T-Growth Fund holds €100m first closing
Fund targets late-stage companies, primarily across the 5G, AI, cybersecurity, cloud and Internet-of-Things sectors
L Catterton gears up for fifth European fund
Vehicle makes majority investments in companies operating across the consumer industry in Europe
CapVest sells Eight Fifty to Sofina Foods
Combined group is expected to employ 13,000 staff across 44 sites and generate $6bn in annual revenues
European GPs get top ESG marks, but diversity remains sore point - survey
Only 23% of Aberdeen Standard Investments' GPs have clear diversity targets in their portfolio companies
Back to school: education dealflow heats up as pandemic settles
Digital opportunities and long-term growth drivers have resulted in an influx of deals in recent weeks, with more in the pipeline
Industry Ventures Secondary IX closes on $850m
Fund focuses on investments in direct secondaries, LP interests, direct portfolios and tail-end funds
Gyroscope Therapeutics raises $148m in Forbion-led series C
Series-C round for the gene therapy company is led by Forbionтs Growth Opportunities Fund
Lonsdale backs Horseware Ireland
This is the ninth investment made by the GP via Lonsdale Capital Partners Fund I, which closed on ТЃ110m in 2016
Cairngorm eyes £200m final close in July
Fund's predecessor, Cairngorm Capital Partners II, reached a final close on ТЃ107.5m in April 2017
TDR Capital acquires BPP from Apollo's Vanta Education
Vocational course provider BPP was acquired by Vanta Education in 2009, prior to Apollo's investment
Graphite Capital invests in Higher Ed International
GP is acquiring a minority stake in the online education provider via Graphite Capital Partners IX