UK / Ireland
BGF invests £2.7m in The Paint Shed
Management is planning to create an additional 20 jobs over the next 24 months
Market sentiment improving but dealflow likely to remain bifurcated – Baird
Baird MDs Vinay Ghai and Paul Bail discuss deal-making amid the pandemic and emerging trends for the months ahead
LP platform Titanbay launches
Titanbay has a 1% set up fee for clients and a 0.5% annual maintenance fee
CommerzVentures invests $6m in Concirrus
Company intends to use the funds to expand operations and its business reach
Draper Esprit leads £16.4m in series-C round in Ravelin
Ravelin is a fraud detection technology company that focuses on payment fraud
Milaya in £15m round for Lanistar at £150m valuation
Established in 2019, the London-based company has 45 employees, with plans to triple its headcount
Hony to lose control of PizzaExpress in debt-for-equity swap – report
Many bondholders bought into the restaurant chain in late 2019 as its bonds traded lower
Munich Private Equity closes third buyout fund-of-funds
Mid-cap buyout-focused fund-of-funds closed on тЌ162m and has made 14 of its 20 planned investments
Sandton invests £10m in Nextbase
Sandton's investment will be used to accelerate the implementation of new technologies
Mercia invested £17.5m in 2019/20
Mercia's NVM VCTs raised ТЃ38.2m in new capital, while the BBB also allocated an additional ТЃ54.3m
LDC's makes 18 investments in H1 2020
In a half-year update, the firm announced the majority of the deals were completed since March
Unquote Private Equity Podcast: Fundraising engine stalls
This week, the Unquote Podcast examines the fundraising market amid the challenges of Covid-19
HIG hires Meysson as head of European direct lending
Pascal Meysson joins from Alcentra and has previous experience at Deutsche Bank and Charterhouse
Kester-backed Frontier sells business to HIG-backed Vernacare
HIG invested from its Growth Buyout Equity Fund III to acquire Vernacare from Palatine
Blackstone Life Sciences V closes on $4.6bn
Fund invests in late-stage rounds of established life science companies and emerging businesses
YFM backs £17m GHG buyout
Senior debt and a working capital facility are being provided by Triplepoint
GCP sells Chaucer to Apax-backed Bip
With this add-on, Bip expects to create a global advisory company with 3,300 staff and revenues of тЌ350m
Synova-backed Fairstone acquires Mantle Financial Planning
Synova committed ТЃ25m to the development of Fairstone in 2016, drawing equity from Synova III
ETF closes Environmental Technologies Fund III on £167m
Around 40 existing and new LPs, including British Patient Capital and the EIF, participated
HIG Capital launches HIG European Capital Partners III
Fund will invest in buyouts, recapitalisations and carve-outs of both profitable and underperforming businesses
Mercia sells NAC to PE-backed LGC for £18m
Mercia held a 29.4% stake in NAC at the date of sale and will receive initial cash proceeds of ТЃ4.8m
Nauta Tech Invest V holds €120m first close
Fund deploys tickets of тЌ1-5m in seed and series-A rounds to support European B2B SaaS startups
Highland leads £20m round for Farewill
Highland is currently investing from its Technology Growth III fund, which closed on тЌ463m in 2018
Forbion holds first close for Growth Opportunities Fund
New strategy focuses on pre-IPO capital and capital for undervalued listed life sciences companies