UK / Ireland
PAI acquires LDC's Addo Food and Equistone's Winterbotham Darby
Both management teams have reinvested and operations will continue to be run separately
Värde Dislocation Fund closes on $1.6bn
Fund has a global mandate to pursue a mispriced, stressed and distressed credit
Private equity ramps up divestment efforts
Exit activity jumped by 50% in October, back to pre-pandemic levels, according to Unquote Data
LDC sells Babble to Graphite for £90m
LDC retains a minority stake in Babble, while the management team is reinvesting some of its proceeds
Agilitas sells Exemplar to Ares Management
Sale ends a four-year holding period for Agilitas, which backed the company via its Agilitas 2015 Private Equity Fund
Apiary invests in Radiant
Radiant's management team will be led by Peter Mann as chairman and CEO Simon Cogman-Hellier
ECI sells MPM to 3i for £170m
Other sponsors involved in the process included Livingbridge and Graphite Capital
Apse buys TerraQuest for £72m
Apse Capital typically backs European tech-enabled SMEs with an enterprise value of тЌ50-200m
Graphite promotes new investment director, hires two
UK mid-cap GP Graphite Capital makes one promotion and two new appointments in its investment team
Finatal launches dedicated PE recruitment practice
New practice complements Finatal Portfolio, which focuses on sourcing talent for PE-backed businesses
Aleph, Crestview back Framestore's acquisition of C3M
The two GPs in 2014 formed a тЌ1.2bn strategic alliance to invest in companies based in the UK and Europe
Endless buys Hovis from Gores, Premier Foods
Endless invests in the business via its Endless Fund IV, which closed on ТЃ525m in December 2014
Chiltern backs Inciner8 buyout
Chiltern is an evergreen investor that provides equity cheques of ТЃ3-15m
GHO, co-investors complete Envision deal
Ardian and GHO started exploring options for the sale of Envision in May, with a deal struck in July
Buyout rankings: who has invested most across Europe since April?
EQT, Ardian and KKR remained very active and struck sizeable deals amid the coronavirus turmoil
LionRock rescues Clarks in £100m deal
Asian GP will acquire a majority stake in Clarks as it enters a company voluntary agreement
Preparing for the turnarounds wave
The much-anticipated wave of distressed opportunities has failed to materialise so far, but market participants are still readying for an uptick
Grant Thornton appoints new head of UK corporate finance
Woodley has been with Grant Thornton for 15 years in the M&A practice, having joined from 3i in 2005
Epidarex sells Sirakoss to VC-backed OssDsign
Epidarex Capital initially backed the ТЃ3.1m series-A for the bone graft substitutes developer in 2014
Maven, Par Equity sell Symphonic stakes to trade
US-based Ping Identity acquires the Edinburgh-headquartered identity and authorisation software
Eurazeo exits Farfetch with €90.4m proceeds
Sale ends a four-year holding period for Eurazeo, which led a $110m series-F funding round for the company
Sponsor-lender relationship faces stiff Covid-19 test
GPs' relationships with their existing banks and debt funds will remain key to managing the ongoing consequences of the crisis
RCapital carves out TPG Engineering from TP Group
Acquisition complements other investments in the GP's portfolio
Inflexion buys minority stake in Phenna
GP deploys capital from its dedicated minority investment fund, Partnership Capital II, which closed on ТЃ1bn in 2018