UK / Ireland
Seedcamp holds first close on £41m for fourth fund
Fund is backed by around sixty global corporates, venture capitalists and funds-of-funds
Livingbridge opens US office
New Boston location will support portfolio companies' expansion plans in the US market
GCP invests in DMW Group
Deal for the IT consultancy is the fifth investment from the GP's £205m fourth fund
Francisco Partners closes fifth fund on $3.98bn
Francisco's latest fund beats its $3.25bn target after less than six months on the road
Clearwater hires two for debt advisory team
Grassby and Rattan will join the debt advisory teams in Manchester and Birmingham respectively
BC Partners to close 10th buyout fund in coming weeks
GP is understood to be anticipating a handful of commitments before holding a final close in January
BGF acquires minority stake in Cornwall Insight
BGF is having a quieter year with 23 deals completed so far in 2017
AIB backs TransferMate with €30m investment
Firms have agreed a strategic partnership to help AIB business customers
Inflexion backs MBO of PCMS Group
Acquisition of the POS software business comes a week after the GP acquired Atcore
Livingbridge acquires LDC-backed Giacom
Vendor has reinvested for a minority stake in the cloud-based IT marketplace
Mayfair-backed Yo! Sushi acquires Bento for CAD 100m
Acquisition of the Canadian sushi brand will expand the group's North American presence
GP Profile: Tenzing Private Equity
GP was founded in 2015 by former Bluebird partners Gillon and Jones, who were later joined by former Inflexion partner Hamilton as co-managing partner
Mercia in £5m series-A for Aston EyeTech
VC invested £1.8m in the round for the Birmingham-based eyecare diagnostics startup
Magenta Partners backs Trustpay from new fund
Magenta will make growth equity investments between £5-20m from its latest vehicle
Gee leaves ECI to co-launch new firm Hillwood
New business will invest in UK business services and TMT companies valued at up to £10m
Rubicon and Grovepoint support buyout of John Lawrie
Oilfield decommissioning and metal recycling company will look to expand across the UK and US
Equistone acquires BFT Mastclimbing
Mast-climbing platforms provider will invest in its fleet and expand nationwide
ISIF invests €19m in €38m round for Kaseya
Irish IT management software business will increase its Irish headcount from 30 to 160
JC Flowers- and Encore-backed Cabot pulls IPO
Company says the current IPO and broader market conditions are not conducive to a flotation
Bridgepoint acquires Burger King franchise
GP also secures a 20-year master franchise agreement for the Burger King brand in the UK
Axa Strategic Ventures launches $175m fund-of-funds
VC firm aims to deploy capital in a global portfolio of "top-tier" venture capital funds
3i reports 8% NAV per share increase in H1 results
GP generated gross investment return of £715m, with £374m generated from divestments
Idinvest hires Daulon du Laurens as new IR head
Daulon du Laurens will be responsible for the firm's fundraising in his new role
Bridges invests £10m in Shaw Healthcare
GP drew its investment for the elderly care provider from its permanenent capital fund