UK / Ireland
Exponent sells Pattonair stake to Platinum Equity
Sale of aerospace and defence components supplier brings to an end a six-year holding period
Index leads $40m series-C for Prodigy Finance
Postgraduate student loans company also secured a $200m debt facility as part of the deal
UK fundraising remains on the up despite Brexit jitters
Fundraising figures from unquote" data point towards a record year for UK-based managers, following the post-crisis peak reached in 2016
YFM divests Harvey Jones to AIB
Sale of stake in kitchen designer and retailer generates around 2x money multiple for the vendor
Five Arrows acquires minority stake in Opus 2
GP is currently investing from its second fund, which writes equity cheques of €20-70m
TDR sells ICWG to Roark Capital
Deal for automated carwash business brings to an end a three-year holding period for the GP
Watermill Group acquires UK-based Cooper & Turner
Acquisition of the high-strength fasteners manufacturer adds to the US-based GP's presence in the UK
Bregal Sagemount invests in Options
Deal worth almost $100m will see the cloud-focused financial IT company invest in product development
NorthEdge invests in Bridge Farm Nurseries MBO
Deal is the first investment for the GP's recently opened Midlands office
Maven Capital appoints Hopwood as investment director
Craig Hopwood joins the GP's northern team from HSBC, where he was a director
Lexington, BC Partners agree $1bn stapled secondary deal
Lexington was previously reported to be considering acquiring up to €1.2bn in secondary commitments
Investec appoints James Goût as originator
Goût joins to help boost Investec's presence in the UK mid-market
Calculus injects £2.5m into Axol Bioscience
Investment will be used to attract clients and grow the business organically
BGF's Solid Solutions acquires New Technology CadCam
3D design software reseller, backed by BGF since 2016, expands in the UK market
European holding periods continue return to five-year mark
Offloading of pre-crisis baggage and more quick flips are bringing investment periods down, according to unquote" statistics
Onex raises $5.72bn for fifth fund after four months
Canadian-based GP is targeting $6.5bn for the vehicle, which launched in April 2017
Endless backs Sewtec Automation MBO
Endless is currently investing from Endless Fund IV, which closed on £525m in 2014
Core Capital invests in Avonside Group Services
Deal will support the roofing company's acquisition of competitor Bracknell Roofing
Oak Hill-backed Pulsant bolts on LayerV
Development comes a year after the UK-based IT business bolted on competitor Onyx Group
Bray Capital leads funding round for Glint
Funding will be used to complete development of Glint’s currency and app-based technology
Active sells Rapha to RZC Investments
Deal reportedly values the UK-based cycling clothing and accessories business at £200m
Blackstone et al. buy stake in Rothesay Life from Goldman Sachs
Deal comes four years after the consortium of investors acquired a majority stake
Livingbridge leads £3.5m series-A for Symphony Ventures
GP injected capital into the robotic automation business from its Baronsmead Venture Trust
MML invests £36m in CSI
Buyout is the eighth deal completed by MML Capital Partners Fund VI