UK / Ireland
UK Fundraising Pipeline - Q4 2020
Unquote rounds up the most notable fundraises currently ongoing in the French market across the buyout, venture and secondaries spaces
Capdesia Structured Equity targets £100m; aims to close in Q1 2021
European food-service-focused fund was registered and launched in May 2018 with a target of тЌ200m
Inflexion acquires Sparta Global; KCP to reap 7x return
Inflexion has previously invested in other businesses in the sector, including FDM
FPE invests in MaxContact
Lars Pedersen т CEO of another FPE investment, Questionmark т has joined the board as NEC
Felix hires Chou and Pizzolato as investors
Felix is currently investing from Felix Capital Fund III, which closed on $300m in January 2020
BVCA summit: fund financing boom necessitates tailoring
Market participants discuss IRR-enhancing tactics, emergency liquidity and negotiations with LPs
Elaghmore I closes £30m extension
Investors in the extension are all US-based institutions, according to a statement
Pictet launches technology-focused fund-of-funds
Vehicle is the GP's first sector-focused fund-of-funds and will also make direct and co-investments
Sovereign V eyes £450-500m fundraise in 2021
Sovereign recently announced changes to its leadership team, with Dalli taking over as managing partner
Insights from the BVCA summit: PE open for business
On general themes, such as fundraising, market participants were positive about the future of the market
GP Profile: Silverfleet eyes fundraising progress, new acquisitions
Firm is currently raising for Silverfleet Capital Partners III, which was registered in July 2019
BC European Capital XI holds first close on €4bn
LPs already invested in the fund include the New York State Teachers Retirement System
Ardian acquires Syclef majority stake from Latour
Since 2015, Syclef has accelerated its buy-and-build strategy with the acquisition of 15 companies
Hometree raises £7m in new round led by Anthemis
Company has reportedly raised ТЃ25m in funding since being founded in 2016
Inspirit backs Lloyds Register Group's energy division
Inspirit writes equity cheques of ТЃ2-10m for UK SMEs with revenues greater than ТЃ20m
Sella holds €30m first close for debut VC fund-of-funds
Vehicle targets European, US and Israeli VC funds that invest primarily in early-stage rounds
Dawn leads $20m series-B for Access Fintech
Existing investors JP Morgan, Citi and Goldman Sachs contribute to the latest round
Co-investment: get out or double down?
While some LPs could be overexposed to troubled sectors, others could up their game and deploy into opportunities arising mid-cycle
ECSO, private investors plan €1bn cybersecurity fund-of-funds
European Cyber Security Organization and eight private investors have approached the EC with a proposal
YFM promotes Clarke
YFM is currently deploying YFM Equity Partners Buyout Fund II, which closed on ТЃ80m in March 2020
TDR, private investors to acquire Asda for £6.8bn
Asda was previously in talks with Sainsbury's, which would have paid ТЃ7.3bn for the asset
White Star holds first close for $30m Digital Asset Fund
Fund invests in blockchain-enabled businesses at each layer of the tech stack, with a focus on Europe and the US
Kennet-, Eight Roads-backed Rimilia sold to trade for up to $150m
Nasdaq-listed BlackLine is an enterprise software company with a market capitalisation of $5.182bn
Inspirit invests in Procam Group
GP is currently investing from its debut vehicle, Inspirit Fund I, which held a final close on its ТЃ50m hard-cap in December 2019