UK / Ireland
Apax gears up for Fund XI
Apax Partners' USD 11bn predecessor flagship fund was 64% deployed as of September 2021
Inflexion sells Alcumus to Apax for 5.9x money
Inflexion acquired the UK-based risk management and compliance firm for GBP 92m in 2015
Peach sponsor Inflexion preps exit via Raymond James
Auction of UK video advertising company is scheduled to commence shortly
Nuveen closes impact fund on USD 218m
GP could return to market for Fund II in 2022 or early 2023 given current deployment opportunities
PAI hires Citi for upcoming M Group Services exit
Sale of services and infrastructure provider is expected to start later this year
Permira, Blackrock lead USD 312m round for GoCardless
Europe's new tech unicorn reaches a valuation of USD 2.1bn following latest funding round
BC Partners announces EUR 6.9bn fundraise for BC XI
Final close fell below the original target; GP expects to return to market for its next fund in H2 2023
EQT, Verdane exit Forsta to Press Ganey
Forsta was formed through the merger of Confirmit and FocusVision in March 2021
Former UK government minister Gyimah among Lakestar appointments
Besides Sam Gyimah's appointment as venture partner in the UK, promotions include for Akis Bratsos, Mathias Haniel, Enrico Mellis and Aline Vedder
PE impact fundraising surpasses EUR 4bn in 2021
Figures from Unquote Data reflect the increasing prevalence of impact and impact-driven deals
Baird sells Nigel Wright majority stake to management
Baird will retain minority stakes in the recruitment firm, having first acquired it in 2010
SuperSeed launches GBP 50m seed-stage fund
The VC firm has already held a first close at GBP 31m
Access Capital registers ninth growth buyout fund
Fund-of-funds strategy makes primary and secondaries deals, backing funds investing in European SMEs
Coller to close USD 1.4bn debut credit secondaries fund
GP launched its first dedicated secondaries fund in May 2021 and has commitments from around 30 LPs
Nordic Capital bolsters team with seven promotions
Among the appointments, Chris Lodge and Peter Thorninger are promoted to partners
Inspired Education stake sale attracts Blackstone, EQT, H&F, KKR
Information memorandums for the GIC- and TA Associates-backed national schooling company should be circulated next week
Split the difference – corporate divestitures set records
Firms have taken advantage of favourable conditions for M&A, including cash-rich and ever-bolder PE funds
EMEA M&A surges in 2021
More than 10,500 M&A deals were recorded in 2021, worth a combined USD 1.54trn
Limerston buys Wickham Micro, appoints new CEO
Deal is a spin-out from Gosport-based Wickham Laboratories
Synova sells majority stake in Mintec to Five Arrows
Synova reaps 12x invested capital and will reinvest in the company for a minority stake
Tenzing taps Raymond James for CItNow exit
Auction of the car-dealership video communication tool is expected to launch later this year
Permira leads USD 180m round for GWI
London-headquartered market research software-as-a-service platform is valued at more than USD 850m
Primary Capital exits Readypower in trade sale
Readypower was acquired in a management buyout in 2017
Cinven acquires Vitruvian-backed International Financial Group
Isle of Man-based insurance group comprises Ardan International, RL360 and Friends Provident International