UK / Ireland
Cairngorm's Polyframe acquires Customade
New enlarged group has revenues in excess of £100m, following an MBO in August 2016
HgCapital raises £3.1bn in double fund close
GP successfully closes HgCapital 8 and Mercury 2 on £2.5bn and £575m respectively
LDC invests £6.5m in Blue Bay Travel
Deal comes shortly after the GP supported a bolt-on acquisition by another travel business, Away Resorts
Beringea in £2m round for Perfect Channel
Online auction and trading platform will invest in product development and marketing activity
Q4 Barometer: Large-cap deals boost value in a shrinking market
Spike in megadeals boosted aggregate deal value in Q4, though volume was down 20% year-on-year
MMC in £3.75m round for Bloom & Wild
Deal for flower delivery platform comes 19 months after the VC led a £2.5m investment in the company
Connection backs £10.2m ACT Clean MBO
GP invests £5m to support the buyout of the cleaning and kitchen portering business
KKR to acquire Travelopia from TUI in €381m deal
GP has invested from its fourth European fund in a deal that values the specialist travel group at 7.7x underlying EBITDA
Patron, Heineken acquire Punch Taverns in £1.8bn EV deal
Transaction will see the GP acquire 1,300 pubs with the trade investor acquiring the remaining 1,900
Palatine's Verdant bolts on Crosslaw Caravan Park
Deal marks the third acquisition made by the leisure park operator since the GP's initial investment
CVC acquires stake in Pension Insurance Corporation
Deal reportedly values the pensions insurance group at around £2bn and will see the GP take a 10-20% stake
Sovereign backs MBO of Arachas
Irish insurance brokerage will undertake an acquisitive growth strategy under its new ownership model
Advent sells remaining 12.1% stake in DFS for £58.5m
Divestment values shares in the sofa retailer at 24% less than when the GP sold a 14% stake 10 months ago
Bregal Sagemount closes second vintage on $960m
Bregal's second fund is its first private equity vehicle to seek commitments from outside investors
SL Capital hits £516m final close for maiden infrastructure fund
Fund launched in June 2014 with a £400m target and already has four portfolio companies
Lyceum acquires Timico in deal worth more than £50m
Acquisition of the IT business marks the GP's second investment in the sector over the past seven months
G Square holds €350m final close for second fund
Latest vehicle from the healthcare-focused GP is 67% larger than its 2011-vintage predecessor
Great Hill sells Momondo to The Priceline Group for $550m
Transaction values the online travel search business at more than three times its valuation at the time of the GP's initial investment
CPPIB appoints Jackson as MD in London
Derek Jackson joins the North American pension fund as managing director
Endless and GCP sell Excelsior to Mondi for £33m
Deal comes four years after GCP first backed the packaging company and two year after Endless's initial investment
Silicon Valley Bank hires Rees as market manager
Gavin Rees joins the US-based high-tech-focused commercial bank’s UK office
BGF hires Lloyds' Gibson
Fiona Gibson joins the Business Growth Fund as a portfolio specialist
Waterland opens UK office to capitalise on Brexit
Dutch GP will look to expand UK companies into Europe as part of a currency-related investment thesis
Patron, Heineken set for £1.8bn Punch Taverns take-private
Private equity house will join trade investor Heineken to acquire the pub business, which will be divided between the parties