UK / Ireland
Caledonia's Duncan Johnson steps down, replaced by Tom Leader
Johnson steps down after 10 years of service, and becomes CEO at Northern Gritstone
Bridgepoint backs PharmaReview
GP is investing via its first Growth fund, which makes investments of up to £15m
Appian weighs fund launch for late 2021
Mining-focused Appian raised $375m for its first fund and $775m for the second vehicle
Bridgepoint confirms intention to list
London-headquartered GP could be valued at around £2bn in its intended LSE listing
Livingbridge buys World of Books from Bridges
Bridges partially exits the company five years after paying £13m for just over 50% of the company.
True holds £275m final close for third fund
Consumer-focused GP raised the fund in a six-month virtual process and surpassed its £250m target
European PE buyout activity sets new record in H1
Hectic first quarter drove an unprecedented spike in deal activity, while aggregate value is just shy of hitting an all-time high
Pemberton hires Graeme Dell as COO
Dell started at the firm on 1 July, and replaced Thomas Lack, who retired at the end of June
Inflexion promotes four to partner
Richard Booth, Sergio Ferrarini, Jon Ma and Sarah Gestetner are all promoted to partner
Park Square IR head Piers Dennison joins Greenbrook
Dennison joins the communications consultancy as an adviser
Apollo confirms interest in Morrisons bid
PE firm would have to top a £9.52bn EV offer from a Fortress-led consortium made over the weekend
Ashridge scores 1,439% IRR on Marclay after four-month hold
Ashridge invested in the UK-based cybersecurity and incident response firm in February
Montagu buys Waystone from MML
Acquisition of the fund advisory firm is Montagu's third SBO of 2021, according to Unquote Data
Investindustrial exits Polynt-Reichhold in buy-back
Asset was expected to fetch around €2.5bn, with Lone Star previously thought to be in exclusivity
Unquote British Private Equity Awards 2021: entries due today
Submit your entry for the 2021 Unquote British Private Equity Awards before 5pm today
Unigestion holds €611m final close for second Direct fund
Fund surpasses its €600m target and is more than 40% deployed
Livingbridge buys majority stake in VC-backed Semafone
Octopus Ventures and BGF exit the data security and compliance software developer
Five Arrows invests £120m in Causeway Technologies
Deal follows the GP's £300m SBO of Sygnature Discovery from Phoenix Equity Partners
Healthcare buyout value hits new high in first half
Trio of mega-buyouts push the aggregate value of deals to €19.5bn in H1, versus €11bn in H2 last year
Bridgepoint mulls London listing
GP could be valued at £2bn and is also planning fundraises for its Europe and Growth strategies
Phoenix nets 4.3x return on sale of Rayner Surgical to CVC
CVC will deploy equity from its Fund VIII, which held a final close on £21.3bn
The Deals Pipeline
A highlight of deal processes underway and involving PE, either on the buy- or sell-side, across Europe
Phoenix confirms Sygnature sale to Five Arrows
Deal is the third strong exit from Phoenix's 2016 fund, following Travel Chapter for 3.6x and Rayner for 4.3x
Hg, Vista Equity Partners to sell Allocate to trade
Sources told Mergermarket in May that the company could fetch a valuation of around £1bn
