UK / Ireland
Healthcare valuations heat up as high-profile assets crystallise competition
Healthcare sector saw multiple valuations pick up in Q1 2021 and hit a record high of 13.7x
One Equity Partners acquires Brush Group
OEP has also supported Brush in its acquisition of electrical engineering company Aprenda
Squire Patton Boggs launches new funds practice in London
Steven Ward joins from Paul Hastings as partner in order to lead the new practice
Bridgepoint buys minority stake in Itsu
GP intends to back Itsu's growth plans after a challenging year for the restaurant and bar sector
August Equity invests in Integrity360
GP intends to support the cybersecurity firm's management with acquisitions across Europe
UK universities team up to launch Impact 12 fund
Fund will launch later this year with an initial fundraising target of £8m
Unquote Private Equity Podcast: Fundraising full steam ahead
With record amounts of capital raised in 2020 and a roaring start to 2021, it seems not even a pandemic could slow the momentum of PE fundraising
KKR appoints new senior adviser for Europe
Ajay Kavan most recently served as CEO of Matches Fashion, following several roles at Amazon
Palatine buys majority stake in KCP-backed Routes Healthcare
Key Capital Partners will retain a minority stake in the company, which it first backed in 2016
Palatine holds £220m final close for fourth fund
Vehicle is similar in size to Palatine III and has made four investments as of its final close
Inflexion buys ANS
Inflexion took a minority stake in IT service UKFast in 2018, increasing this to a majority in 2020
Patient Square leads $145m round for Apollo Therapeutics
Biotech company will use the funding to advance its lead therapeutic programmes into clinical development
OTPP's Innovation Platform leads $138m round for Beamery
UK-based recruitment software platform Beamery has raised a $138m funding round led by Ontario Teachers' Pension Plan Board (OTPP) via its Teachers' Innovation Platform (TIP).
Mayfair-backed Seraphine announces IPO intention
Mayfair Equity Partners acquired Seraphine from Bridgepoint Growth in December 2020
PE deal-making surge of 2021 could break one more record
Recent trends in the mega-deal segment indicate that the Alliance Boots buyout of 2007 is a record that is close to being broken
FPE sells Questionmark to trade, nets 3.5x money
FPE acquired the assessment software in 2016 and has sold it to Battery Ventures' Learnosity
EQT buys Parcel2Go from Mayfair
Mayfair Equity Partners acquired Parcel2Go in December 2019 and will retain a minority stake
VC fundraising enjoys strong 2020 vintage, sunny prospects
With record amounts of capital raised for the strategy, venture capital fundraising does not appear to have been slowed by the pandemic
Isomer Capital launches €100m co-investment fund
Vehicle will co-invest in European tech scale-ups alongside the venture capital funds in which it is invested
VC-backed Made.com lists in £775m IPO
ProFounders Capital scores 25x money on the listing; other investors include Partech
YFM scores 6.5x on Deep Secure exit
Deal shortly follows the 6x exit of YFM's FourNet stake to Palatine Private Equity
Synova invests in NorthEdge-backed Orbis Protect
NorthEdge bought the building security company in 2018 and will retain a minority stake in the firm
Exponent sells BBI Group to Novo Holdings in £400m deal
Exponent acquired the diagnostics products and services business in 2015 for £75m
CVC fully exits Wireless Logic
Montagu Private Equity and management buy out CVC's minority stake