UK / Ireland
Polaris sponsor CapVest weighs sale of children’s services giant via PwC
Regulatory scrutiny on children’s services and fostering sector has stepped up since a 2021 CMA report
Mayfair sells stake in YO! Sushi parent company in USD 621m trade sale
Japanese buyer Zensho Holdings will buy four food brands across North America and UK
MPEP launches fifth buyout fund-of-funds with EUR 300m target
Lower mid-market specialist will continue to apply thorough due diligence for new and existing relationships, seeking persistency of returns
European LPs bullish on 2024 PE fund vintages – Coller Capital
LPs remain positive on PE but are considering increasing infra and private credit allocations, latest survey shows
LDC generates 3.9x MM on MSQ sale to One Equity Partners
LDC to become minority investor following a doubling in revenues and tripling in EBITDA over four years
Carve-outs specialist Inspirit gears up for second fund
GP could aim to raise GBP 50m-GBP 100m for its next fund, Unquote reported previously
HSBC raises USD 580m-plus for second UK direct lending vintage
Strategy makes senior secured loans to mid-market private equity backed companies
Just Climate holds final close for debut USD 1.5bn fund
GP will take minority stakes in industrial businesses targeting climate challenges, focusing on greenhouse gas reduction
BlackRock buys growth and venture debt provider Kreos
Global asset manager plans to broaden Global Credit business with fresh acquisition
From slash-and-burn to grow-and-earn: private equity changes tack
Rising cost of capital means value-creation will be vital for next decade of private equity, SuperReturn participants said
Keensight Capital opens US office
New Boston base will allow growth buyout investor to support US expansion of its portfolio companies
Investec acquires majority interest in corporate finance firm Capitalmind
Transaction will see the advisory firms fully integrating their M&A and corporate finance teams
Bridgepoint picks Harris Williams for PEI Group exit
Financial intelligence provider could come to market as early as Q4 2023
GP Profile: Limerston Capital anticipates higher volume but more complex M&A as market steadies
UK-based GP is seeing dealflow driven by carve-outs and buy-and-build in a market where organic multiple arbitrage is no longer a given
AnaCap spin-out Veld makes team changes as it looks to raise its next fund
Hiring of Richard Kirkby and promotion of Konstantin Karchinov and Sebastien Wigdo comes eight months into the firm’s existence as an independent entity
Archimed closes MED II on EUR 3.5bn
Healthcare-focused GP took 17 months to raise its second mid-cap fund, which has already deployed almost EUR 1bn
Adams Street secures USD 3.2bn for newest secondaries programme amid LP stakes dealflow uptick
Private markets investor has seen LP stakes increase as a proportion of its deployment over the past year, partner Jeff Akers said
Pemberton hires head of Sustainable Investing
Alternative credit lender poaches Niamh Whooley from Goldman Sachs, where she led its fixed income ESG integration team
Exponent to return to fundraising trail with fifth buyout vehicle
Fund V comes five years after the GP registered its predecessor vehicle, whose size remains undisclosed
Golding aims to raise EUR 350m for next buyout co-investment fund amid ‘unprecedented’ dealflow
Vehicle expects to make its first deals this year, providing additional equity for deals against a tough fundraising backdrop
Mimir Group ramps up global origination effort with London office and focus on life science carve-outs
Stockholm-based investor is considering divestments, although challenging market remains a barrier
The Bolt-Ons Digest - 26 May 2023
Unquote’s selection of the latest add-ons with H&F's TeamSystem, Nordic Capital's Regnology, 3'i's Dutch Bakery and more
MML Capital sells GP stake to Wafra and Investcorp
Mid-market PE firm's deal comes amid rise of new entrants into the European GP stakes landscape
WestBridge adds two to investment team
Jessica Ledger and Luke Gilbert have joined the UK-based lower mid-market GP as investment executives