UK / Ireland
Further Global acquires majority stake in AA Ireland for €240m
AA Ireland posted тЌ13.7m in net profits in the year to January 2020 on sales of тЌ62.4m
Global Founders, Rocket et al. in £21m round for Knoma
Knoma says it will initially focus on the UK market, and plans to expand globally in the coming years
Limerston-backed Arch Sciences acquires Apex Scientific
Formerly called Crawford Scientific, Limerston acquired the company in October 2017 from Maven
BC-backed VetPartners acquires Hyperthyroid Cat Centre
BC acquired VetPartners from Ares Management, Credit Group and August Equity for around ТЃ700m
European Circular Bioeconomy Fund holds first close
European Commssion-backed fund is targeting тЌ250m and aims to hold a final close by August 2021
Nordic Capital, Carlyle bid for Octopus-backed Calastone
Trade bidders are also competing in the process, while Motive Partners was bidding, but is no longer involved
Arcano Secondary Fund XIV launches with €300m target
Fund will invest in mid-market buyout and growth capital vehicles across Europe and the US
General Catalyst et al. in £240m round for $2bn+ Cazoo
Online used car marketplace Cazoo has generated ТЃ100m in revenues to date in 2020
Hg closes Saturn 2, Mercury 3 and Genesis 9 on hard-caps
Proskauer provided legal advice and Rede Partners acted as placement agent for the three funds
Mobeus injects $3.8m into Preservica
Mobeus initially supported the spin-out of the original Preservica technology from portfolio company Tessella
Elysian III closes on £325m hard-cap
In conjunction with the fund close, the firm has announced the promotion of Jack Jacovou to partner
Palatine invests in NRG
Following the investment, the company will follow a buy-and-build strategy and develop its services
Providence launches leadership transition plan
Noell and Phillips are appointed as co-heads of North America, while Tabet and Tisdale become co-heads of Europe
Hg invests $1.5bn in Hyperion at $5bn valuation
Hyperion's management team and employees will remain the largest shareholder group in the company
Livingbridge sells Mobysoft to ECI
Livingbridge began preparations to exit the company in July 2020, in a GCA Altium-led auction process
Chiltern-backed Hanmere acquires Plasmech
Hanmere will continue to seek further acquisition opportunities following this transaction
Notion leads $12m series-A for Acin
Fitch Ventures, the venture arm of Fitch Group, has also invested, as well as several angel investors
Inflexion-backed Ocorian acquires Newgate
Newgate Compliance is a London-based compliance consultancy and hosted regulatory service
Mavenir buys VC-backed IP Access
Following the deal, IP Access will operate as a business unit within Mavenir's emerging business group
BC-backed Côte acquired by Partners Group
Former Wagamama CEO Jane Holbrook joins the French-style dining chain's board as chair
Pelican invests £5m in YourParkingSpace
Typical investments from Pelican are in companies with sustainable profits greater than ТЃ1m
BGF invests £6.8m in Appnovation
Both CBGF and BGF made initial investments in Appnovation in July 2019 totalling ТЃ8.8m
Highland Europe launches $706m Technology Growth IV
GP held a final close for Highland Europe Technology Growth III in June 2018 on тЌ463m
Mayfair-, Hoxton-backed SuperAwesome sold to trade
SuperAwesome reported revenues of ТЃ21m in 2018, as well as an operating loss of ТЃ5.5m