UK / Ireland
Phoenix-backed Sygnature acquires XenoGesis
Previously, Sygnature has acquired two in-vivo pharmacology clinical research organisations
Clarks in refinancing provided by LionRock - report
A deal would see Clarks raise an investment in exchange for a dilution of the Clark family's holding
Beech Tree invests in Transparity
Transparity is expected to generate ТЃ13m in revenues in 2020 and plans to grow to ТЃ21m next year
LGPS hires Ian Brown as head of private markets
Ian Brown was previously head of the leveraged finance execution team at UBS
PE firms more bullish than corporates on distressed M&A – survey
Of the PE firms surveyed, t4% cite distressed/turnaround opportunities as a major motivation for acquisitions
Goodwin hires team of five partners
Lawyers were originally part of a team hired from Kirkland & Ellis's London office in April 2016
Tenzing acquires three payroll companies to form PSSG
Tenzing I closed on ТЃ200m in January 2017 and makes investments in companies valued at up to ТЃ75m
VC-backed Snyk acquires BtoV portfolio company DeepCode
Cyber security software Snyk raised $200m at a $2.6bn valuation earlier in September 2020
Mouro leads $26m round for Uncapped
Iron Ventures, Global Founders Capital, Seedcamp and White Star Capital participate in the round
UK deal pipeline: live, expected and pulled sale processes
A round-up of sale processes ongoing or expected to launch in the coming months in the UK, courtesy of Unquote sister publication Mergermarket
Hg reinvests in Citation
Hg sold the compliance software company to KKR in August 2020 in a transaction valued at ТЃ500-600m
Hg sells A-Plan to trade buyer Howden
A-Plan was part of the portfolio of Hg 7, which closed on ТЃ2bn in April 2013
UK exits set to drag in Q3
Early figures from the third quarter suggest that very few GPs will be in sell mode for the rest of the year
Agilitas-backed LCG acquires Acorn
Agilitas acquired LCG in March 2020 for an enterprise value of ТЃ125-150m from MML Capital
IQ Capital et al. in £5.8m series-A for AccelerComm
Existing investors Bloc Ventures and listed technology investor IP Group also participate
Morningside leads £40.6m series-B for Immune Regulation
Morningside's Isaac Cheng will join the company's board of directors
Unquote Private Equity Podcast: Allocate 2020 special
The Pod discusses our upcoming LP/GP conference, Allocate, touching on illiquidity solutions, secondaries, and ESG
BGF invests £3m in 365 Response
BGF's investment will be used to accelerate the development of the technology platform
Rede Partners appoints Ellul as chairman
Firm has also hired associate principals Etiene Ekpo-Utip in the UK and Matthew Zuckerman in the US
Notion IV to close in 2020 above £125m target
LPs in the fund include Nuclear Liabilities Fund, Pentland Group, Pool Reinsurance Company and Pruger
Kindred's second fund closes on £81m
Kindred is currently projecting that around тЌ5.4m will be returned to founders from Kindred I
Peak Rock acquires Halo Foods
Founded in 1980, Halo generated revenues of ТЃ35.2m in the year to 28 December 2019
MML hires Bond and Birkin
MML is currently raising for MML Partnership Capital VII, which held a first close in October 2019
Evolution Equity on the road for second fund – report
New York-headquartered venture capital firm held a final close for its debut fund in 2017 on $125m