UK / Ireland
MMC leads $7m series-A for Ably
MMC Ventures invests from its MMC Greater London Fund, which closed on ТЃ52m in May 2019
Welcome aboard: PE recruitment amid coronavirus
PE-focused recruiters and some GPs themselves are figuring out ways to progress recruitment processes, but challenges remain
VC, growth activity collapses in March amid Covid-19 outbreak
European VC and growth capital dealflow was no more sheltered than its buyout counterpart
CVC closes fifth Asia-Pacific fund on $4.5bn
Both new and returning institutional investors participated in the fundraise for the Asia fund
Unquote Private Equity Podcast: Covid-19 special
The team gathers for its first remote podcast, discussing how the early stages of the outbreak have disrupted the European PE landscape
Redmile buys additional 12.67% of Redx
Upon completion of the transaction, Redmile will own a total of 110.6 million Redx shares
Searchlight appoints Crowston as special adviser
Searchlight is currently raising for its third fund, which held a close on $2.75bn in July 2019
Clearwater makes eight hires in the UK
Dyke and Grassby have been promoted to the position of partner and director, respectively
August promotes Muckle to investment director
Muckle joined August Equity in 2017 and most recently co-led their investment in AirIT
Tech, business services power through amid Covid-19 rout
Of the 53 deals seen in March, 28 came from technology and business services
Debut managers to face daunting fundraising market in 2020
Debut managers out to market are unlikely to hold closes in 2020, and very few new teams are likely to launch funds
TPA appoints Williams as investment associate
UK-based TPA Capital is an equity investor that provides equity cheques of ТЃ5-50m
TIIN invests in Oddity.AI
TIIN is currently drawing from its Dutch Security Fund, which was launched in December 2018
Several funds seeking to close in H1 face delays, says Cebile
LPs' reluctance to commit is likely to lead to a number of delays come Q2
Limerston supports AdviserPlus in acquisition of Halborns
Limerston acquired HR consultancy AdviserPlus in November 2016, drawing equity from its debut fund
Gilde Healthcare V close on $450m hard-cap
Legal advice was provided by a team from Jones Day led by partner Quirine Eenhorst
Turnaround funds eye European companies hit by Covid-19
Turnaround players have raised at least $5bn overall in Europe in recent years
Synova promotes Tsai to partner
In addition to the new partner, the firm has also promoted Matthew Charman to investment director
Arbor's Steelite acquires Homer Laughlin food subsidiaries
Arbor acquired Steelite International drawing from Arbor Investments IV in December
Tenzing hires Elliott
Elliott will continue to lead Tenzing's Entrepreneurs Panel, which he has been doing since 2017
PE examines portfolio liquidity options as coronavirus halts dealflow
Managing financial and liquidity risk is front of mind as managers fret over the potential impact of a severe downturn
UK Covid-19 liquidity support snubs leveraged and mid-market companies
CCFF initiative seems designed with traditional corporate issuers in mind instead of leveraged finance issuers
Secondaries: opportunistic buyers ready for fund stakes to hit market
With more sellers coming to market, prices are unlikely to stay at pre-Covid-19 heights, which could in turn encourage more opportunistic buyers
Investors participate in $34m series-B for SoftIron
Founded in 2012, SoftIron designs and builds purpose-built data-centre appliances