UK / Ireland
Ethos acquires Pet Mate
Unquote understands the entry multiple for the company was 4-8x the company's ТЃ2m EBITDA
EQT sets €14.75bn target for new flagship fund
EQT registered several vehicles in Luxembourg in November last year ahead of the launch
Felix closes third fund on $300m
In conjunction with the fund close, the firm has also hired two advisers and a new CFO
G Square closes third fund on €500m
Investors in the fund include Adams Street Partners, Banca March, Cresta and Goodgrower
Montagu acquires RTI OEM business for $490m
Headquartered in Florida, the business has four manufacturing sites in the US and in Germany
Bowmark hires two, including new partner
Both Mani and McRae have joined from the small-cap investment team at CapVest, where Mani was head
Horizon supports three bolt-ons for DMC
Horizon is currently investing from its Horizon Capital I fund, which closed on ТЃ200m in 2018
YFM reaps 2.25x money on Eikon, retains minority stake
YFM has retained a minority investment in the company, comprising equity and loan notes
Balderton leads €12.7m round for Jolt
Existing investor Octopus Ventures' Titan VCT also participated in the funding round
Rede appoints Goodlad as head of transactions
Magnus Goodlad will replace Yaron Zafir, who has stepped down from his role and will act as senior adviser
Stephane Etroy joins Ares as head of European PE
Former executive vice-president and head of private equity at CDPQ will join from 6 February
Corporate divestments fuel European buyouts
Carve-outs and spin-outs represented around 14% of all buyouts in 2019, up from 11.5% in 2018 and 10% in 2017, according to Unquote Data
Accel-KKR leads $50m round for Partnerize
Accel-KKR principal Joe Porten will join the Partnerize board of directors as a part of the deal
Livingbridge reinvests in Vitruvian's Sykes
GP secures a minority stake in the cottage rental firm, a few months after selling to Vitruvian
ICG raises €1bn for Mid-Market fund, appoints two MDs
Peter Kirtley and Robin Molvin will support the deployment of ICGтs maiden Mid-Market fund
New merchant bank Umbra Capital Partners launches in UK
Umbra will also act as an investor itself, in addition to offering advisory services
Platinum closes fifth fund on $10bn hard-cap
Platinum Equity Capital Partners V draws $10bn in commitments from more than 250 LPs in 30 countries
Synova returns to life sciences with Charnwood investment
Second investment for Synova's latest vehicle, following Preventx last October
Hollyport closes Secondary Opportunities Fund VII on $1bn
New vehicle has already acquired stakes in an Equistone legacy fund and in Indigo V
ECI promotes Pike to partner
Suzanna Pike joined ECI in 2011 to work on deal origination, and was promoted to director in 2017
Abry Partners makes investment in Options Technology
This is the second round of investment for the firm, and substantially exceeds the first round of >$100m
Horizon Capital backs Sapphire Systems
Deal is the fourth from the Horizon Capital I fund, which closed on ТЃ200m in Q4 2018
Unquote Private Equity Podcast: Craving carve-outs
Listen to the latest episode of the Unquote Private Equity Podcast, where the team discusses corporate carve-outs
Comhar backs TaperedPlus
Flat-roof design and insulation specialist TaperedPlus is Leeds-based Comhar's third investment