UK / Ireland
UK exits on hold in Q1
Exit activity reached its lowest quarterly level since the height of the financial crisis in Q1, according to Unquote Data
Livingbridge exits Create Fertility in management buy-back
Sale ends a six-year holding period for the GP, which invested £5m in the company for a minority
Debevoise promotes Beurrier
Beurrier's promotion is one of six across the firm's New York and London offices
Creandum leads £10m series-A for life insurance app Yulife
MMC Ventures, Notion Capital, LocalGlobe and Anthemis Ventures also take part in the round
Dunedin promotes three
Davidson, Hardy and Chung have worked on the buyouts of Alpha, GPS, CET, CitySprint and EV
Egeria acquires majority stake in MAAS Aviation
Aircraft painting business is growing due to the continuing global growth in demand for air travel
Investcorp acquires Mercury Capital Advisers
Investcorp has been acquiring stakes in companies such as 3i's credit business to reach $50bn in AUM
Charterhouse agrees £668m Tarsus take-private
Deal values shares in the Irish media and events business at 17x its average EBITDA in 2017 and 2018
Stirling Square appoints two to investment team
GP has appointed JP Morgan's Mazurier and Hannam Investments' Bloys to its London-based team
Palatine supports MBO of Lucion Services
Testing, inspection and certification business will undertake an acquisitive growth strategy
Greybull-backed British Steel in liquidation
British Steel reported £1.4bn in revenues and an EBITDA of £68m in 2018, up from losses of £100m
LDC sells Away Resorts to Bregal Freshstream
Deal is the 10th investment made by Freshstream's debut fund, which writes cheques of €30-100m
Tengram sells This Works for £43m to Canopy Growth
Canopy Growth focuses on the production of cannabis products for medical and recreational uses
Horizon sells Eat to Pret a Manger
Sale of UK sandwich shop chain brings to an end an eight-year holding period for the vendor
Baird Capital exits Clearwater in £11m deal
Sale ends a four-year holding period for the GP, which bought the company via its BCPE Fund II
YFM invests $4.5m in Elucidat
Education-focused authoring platform developer will invest in product development and recruitment
Maven invests in WaterBear Education
Maven is currently investing from its Maven UK Regional Buyout Fund, which closed on €100m
Entry multiples heating up further in Q1 – research
Average value for PE-backed transactions increased by nearly 15% versus Q4 2018, says Clearwater
KKR's Trainline announces intention to float
Train and coach ticket booking company expects to be eligible for FTSE inclusion following IPO
Horizon-backed Wireless Innovation bolts on Ground Control
GP provides equity to support the acquisition of the US-based telecommunications firm
VCs invest £14m in Storm Therapeutics
Storm Therapeutics has now raised more than £30m in capital from its new and existing investors
Unquote Private Equity Podcast: Sector selectors
Listen to the latest episode of the Unquote Private Equity Podcast, in which the team discusses sector specialisation strategies
Syncona leads £35m series-A for Quell
UCL Technology Fund also took part in the round for the newly launched cell therapy company
Impact investment demand outstripping supply – research
LP demand is high but met with a lack of high-quality offerings, according to a Rede survey
