UK / Ireland
BGF, Perwyn et al. in £25m round for unicorn Gousto
Latest funding will be used for the development of Gousto's two new fulfilment centres and accelerate investment in automation
LDC backs Rhino Products MBO
Deal is led by the firm's Manchester team, and values the business at ТЃ36m
Key Capital Partners exits Hallam Medical
Sale ends a six-year holding period for KCP, which backed the company with a ТЃ3.3m investment
G4S rejects offer from BC's Gardaworld
Company says Gardaworld's offer is "nowhere near a full and fair price"
Claret Capital takes over Harbert European Growth Capital
Claret secures the GP and its funds, and hires the entire HEGC investment team
Secondaries update: Unigestion's David Swanson
Secondaries activity is recovering from the initial coronavirus-related shock, with good prospects for GP-led secondaries deals
LDC exits Ellis Whittam to Marlowe in £59m deal
Sale ends a four-year holding period for LDC, which owned a minority stake in the company
Castik closes Epic II on €1.25bn
Fund will follow the same strategy as the GP's debut fund, which held a final close in 2015 on тЌ1bn
Blackstone Core Equity Partners II closes on $8bn
BCEP II follows a long-hold private equity strategy, with an investment period of 15 years
TVM Capital closes LSI II on $478m
Vehicle is TVM's largest ever fund and the second in its exclusively life-sciences-focused strategy
Grafton Capital secures majority stake in Third Financial
VC firm has so far invested ТЃ7m in Third Financial, which will use the latest funding to accelerate the growth of its platform
Digital doctors here to stay as telemedicine deals surge
Rise in demand for telemedicine т and promising returns for investors that have been targeting the space т looks set to continue
Investindustrial exits Aston Martin
Investindustrial sells its remaining stake of 4.12% in the company, fully exiting the investment
Rutland exits Armitage in £140m deal
Exit from Rutland Fund III realises a return of 5.7x on the original cost of the investment
Palatine invests in Back2Work
Deal is GP's sixth investment from its ТЃ100m Impact Fund, which targets profitable businesses making a positive impact
BGF sells stake in Chase Distillery
BGF bought a minority stake in the gin and vodka producer in 2017
Tenzing backs MBO of VIPR
Deal is the ninth investment from Tenzing's debut fund, with its successor yet to deploy
Bowmark acquires Totalmobile from Horizon
Bowmark will provide additional funding of ТЃ100m to fund the company's add-ons acquisitions
Carlyle buys Calastone from Accel, Octopus
Exit represents an 18x return on Octopus's initial investment and a 9x return on its total investment
Unquote Private Equity Podcast: Partnering for portfolio management
Oliver Jones and David Wardrop discuss the potential for new investment opportunities in a post Covid-19 environment
Amplify raises $375m across two funds
Amplify IV targets seed and series-A rounds, while Amplify Select makes follow-on investments in existing portfolio companies
Evolution Technology Fund II eyes $250m final close
British Patient Capital commits $35m, while the European Investment Fund also contributes
BGF appoints Dornan in central Scotland and Northern Ireland team
A chartered accountant, Fiona Dornan has previousy held positions at PwC and Standard Life
Vista-backed Finastra acquires Doorr
Vista formed Finastra through the merger of its portfolio company Misys with D+H, a Canadian fintech group