UK / Ireland
LPeC appoints Botwood Smith as CEO
UK-based Listed Private Capital (LPeC) has appointed Deborah Botwood Smith as its chief executive
LDC launches Newcastle office
Gareth Marshall has been promoted to head of Newcastle to lead the new office
Palatine sells Vernacare to HIG
HIG is currently investing from Growth Buyout Equity Fund III, which closed on $970m
Atomico closes fifth-generation fund on $820m
Atomico V is the largest of any Europe-based venture fund in 2020, according to Unquote Data
KCP invest £5m in Commhoist
Commhoist is a specialist mobile telecoms logistics provider based in Warrington and founded in 1996
TA exits Merian to Jupiter for £370m
Merian had AUM of £22.4bn as at 31 December 2019 and reported EBITDA of £92.8m for 2018
TCV leads $500m round for Revolut at $6bn valuation
TCV is currently investing from its TCV X fund, which closed on $3bn and invests $75-150m
Wells Fargo in $28m series-B for Elliptic
WFSC joins a group of existing investors that committed to the round in September 2019
CVC et al. re-up in Pension Insurance Corp via £750m capital raise
CVC Strategic Opportunities I deploys £130.6m for a 17.4% shareholding
ECI scores 3.7x on ATG sale to TA
Mobeus also fully realises its investment, having backed ATG since 2008
Connection backs £24m MBO for Cargostore
Debt facilities of £14.5m for the transaction and for expansion capital were provided by DunPort
AnaCap to acquire Wealthtime
Mill will join as CEO, with Denning and Easton installed as chief operating officer and finance director respectively
ABN Amro Ventures in $80m round for Fenergo at $800m valuation
ABN Amro Ventures and strategic investor DXC take a 10% stake in the company
Q4 Barometer: Continued buyout bonanza tops record-breaking year
Private equity investors completed 807 deals in Q4 2019, tipping the year into record-breaking territory
KKR closes Global Impact Fund on $1.3bn
Fund targets lower-mid-market companies in the Americas, Europe and Asia, which contribute to sustainable development
August Equity Partners V closes on £300m, acquires Air IT
Fund held a first close in December 2019 on almost £200m and closed on its hard-cap of £300m
ICG mid-market fund makes first investment with Pageant deal
Sale price discussed in negotiations was £100-150m, according to a report by Betaville
Simpson joins Campbell Lutyens as general counsel
Kate Simpson has previous experience with Proskauer Rose and was also a partner at Kirkland & Ellis
Angel CoFund appoints Octopus's Whitehead and Cole
Alliott Cole of Octopus Venture will retain his role as CEO of the venture capital firm
Verdane acquires Eden portfolio
Deal is the first in the UK from Verdane Capital's tenth fund, which closed on SEK 6bn in January 2019
Temasek takes minority stake in FNZ
FNZ expects to benefit from the LP's presence in Asia, as it plans to grow its business there
Lakestar leads $20m for Impala
Founded in 2016, Impala is a London-based company that builds APIs to connect with hotel systems
Mobeus sells Biosite to Assa Abloy
Unquote understands the deal value is £25-50m and that the company is EBITDA positive
Bayside promotes Scotland to co-head of special situations debt
Andrew Scotland will take his position alongside HIG Bayside co-head and managing director Duncan Priston
