UK / Ireland
Auster Fund I holds first close on $500m
Auster intends to target equity tickets of $50-200m with the ability to commit larger amounts
Summit Europe Growth Equity III closes on €1.1bn
Summit Europe III is structured as a Luxembourg LP, while Summit Partners itself is based in the US
Elysian III holds first close on £270m
Domiciled in the UK as a UK limited partnership, the fund has a target of ТЃ300m
Kartesia backs £26m refinancing for BGF-backed Clearway
Debt has been invested from Kartesia Senior Opportunities I, marking the fundтs first UK investment
CBPE X nears final close towards £525m target
CBPE X is likely to target UK-based companies with enterprise values of ТЃ25-150m
Inflexion-backed Alcumus acquires Banyard and ContractorCheck
Management teams of Banyard and ContractorCheck have not retained stakes in the companies
17Capital hires investor relations director in London
Munte joins from CVC Credit Partners where he worked in a similar role
Equistone-backed FirstPort to merge with Mainstay
Hampshire-based FirstPort recorded a turnover of ТЃ28.9m for the year-ending in December 2018
VentureWave holds first close of Impact Ireland fund
Ireland-based VentureWave both supports buyouts and provides venture investments
The Deals Pipeline
A fortnightly highlight of deal processes underway and involving PE, either on the buy- or sell-side, across Europe
GCP takes minority in CubeLogic
CubeLogic's management team completed a buy back from parent company OpenLink in 2016
Harper to lead HIG's London small-cap buyout team
Prior to joining HIG, John Harper was a partner at Inflexion Private Equity and previously worked at LDC
SEP-backed Dotmatics acquires BioBright
SEP invested in Dotmatics, a provider of data analysis software for laboratories, in October 2017
Carlyle exits Eggplant for $330m
The Carlyle Group acquired Eggplant from venture capital firm Seraphim in January 2016
IVP leads $40m series-A for Hopin
Founded in 2019, the London-based company has hosted thousands of virtual events
BNP Paribas Euro SME Debt Fund II holds €576.5m final close
Investment period for the GP's тЌ500m predecessor debt vehicle ended earlier in 2020
Baudon to remain Invest Europe chair, EBRD's Fossemalle named chair-elect
Fossemalle has been the director in charge of equity funds at the EBRD since 2009
Connect Ventures closes $80m seed fund
Fund deploys capital in companies operating across all B2B and consumer software segments
WestBridge invests £9.6m in BHSC
BHSC reported revenue of ТЃ14.5m and an operating profit of ТЃ2m for the 2019 financial year
BDC invests in Matrix
Equity for the investment was drawn from Bridgepoint Development Capital III, which closed on ТЃ600m
Apiary-backed Conn3ct acquires ICR
Apiary supported the acquisition with fresh equity from its debut fund, which closed on ТЃ200m
Lonsdale-backed CRSG acquires Acclimatise
Lonsdale acquired CRSG in December 2018, drawing equity from Lonsdale Capital Partners
Tenzing closes second fund on £400m
Fund had a target of ТЃ350m with a hard-cap of ТЃ400m and was raised in nine weeks
BGF invests in Bayfields
Founded in 2004, the business now has 19 practices and intends to grow to 40 sites