UK / Ireland
Pamplona to liquidate LetterOne-backed funds, to sell LP stakes in cut-off process
GP to begin formal wind down process on three funds after sanctions hit the LP’s Russian backers
Livingbridge buys Nourish Care Systems
GP’s investment will aim to further develop the UK-based provider of digital care planning software to the social care sector
CVC’s Amsterdam IPO move adds impetus to calls for LSE reform
CVC Capital Partners’ reported preference for Amsterdam as a potential home for its shares shows that London’s regulatory regime still needs to be far more flexible, several sources said.
Circularity Capital hires new investment director
Deanna Zhang joins the UK-based circular economy investor from L-Gam
CD&R appoints European portfolio procurement director
Marta Benedek joins Clayton, Dubilier & Rice following a 20-year stint at General Electric
EMK Capital gears up for third fund
European mid-market investor held a final close for its predecessor fund in 2020 on EUR 1.5bn
Exponent sells Enra to Elliot Advisors
Exit reportedly values the UK-based specialist mortgage finance provider at more than GBP 350m
Limerston Capital buys Largo Leisure in first Fund II deal
Deal also marks the new fund’s first closing; GP to seek bolt-ons for the Scotland-based holiday park operator
Aztec Group appoints new chair to board
Kathryn Purves to succeed Patrick Gale as new board chair from 1 April
GP Profile: 17Capital eyes buoyant NAV financing market
Unquote speaks to managing partner Pierre-Antoine de Selancy about the GP's strategy and market view
Turning to powder: European take-privates take pause
Public to private transactions are off to a slow start this year but lower prices on stock markets could encourage dealmaking again
Palatine buys significant minority stake in Cura Terrae
GP becomes the single largest shareholder in the newly created UK-based environmental services group
Apax leads GBP 175m round for ClearBank
Clearing and embedded banking platform is the first deal from the GP’s USD 1.75bn Apax Digital II
Clearlake, Motive to acquire BETA+ from LSEG for USD 1.1bn
GPs will use wealth management processing solutions provider as a buy-and-build platform and enter new high growth markets
GHO to explore Sterling Pharma exit this year
UK pharma manufacturing services asset could be marketed off GBP 50m EBITDA in a sale process in H2 2022
One Peak gears up for fund III
European growth technology firm held a final close for One Peak Growth II in 2020 on EUR 443m
Bowmark explores Lawyers On Demand exit
GP appointed Rothschild to advise on the sale process, which is still in its early stages
The Bolt-ons Digest – 18 March 2022
KKR’S Biosynth Carbosynth, Agilitas’ Cibicom, Apax’s Graitec, Cairngorm's Verso, Altor's Trioworld, and more
WestBridge acquires Smart Capital Technology in MBO
GP invests GBP 17m following competitive auctions for IT services organisation company
Boots sale stumbles against limited financing availability
Asda and sponsors Apollo and Sycamore are said to be circling the auction of the Walgreens Boots Alliance-owned business
BEX Capital raises USD 765m for Fund IV
Secondaries fund-of-funds remains open for no-fee, no-carry investments from NGOs and non-profits
Capital D-led consortium acquires Phrasee
GP is joined by Morgan Stanley Expansion Capital, Keyhaven Capital, family offices in deal for AI-power copywriting group
Motive sells Global Shares to JP Morgan
Deal generates around 10x return on invested capital and values the Irish equity compensation software solutions at USD 750m EV
Gilde Healthcare closes fourth buyout fund on EUR 517m
Double the size of its predecessor, the new vehicle was oversubscribed and saw nearly all Gilde’s existing LPs investing