UK / Ireland
NeoGenomics buys VC-backed Inivata for $390m
Inivata will become a separate business division alongside NeoGenomics' clinical, pharma and informatics units
Inflexion sells Reed & Mackay to trade
Sale of the corporate travel business to US-based TripActions is the GP's fifth exit in six months
Perwyn opens Paris office, eyes more investment on the continent
Firm has already made two investments in France: Isla Delice in 2018 and Keobiz in 2020
European PE exits back to historic highs in Q1
Greater visibility on the pandemic's impact, attractive comparables and PE's strong appetite on the buy-side embolden managers
Gyrus holds close for Gyrus Investment Program
Program comprises Gyrus Principal Fund and its co-investment Cortex fund; it has a €400m hard-cap
Amadeus V Technology Fund closes on £110m
Fund invests in seed and series-A startups specialised in science and engineering-led innovation
Founders Circle closes third fund on $355m
Fund deploys flexible capital to meet the needs of growth-stage companies and support their expansion
Fundraising fortunes: prevailing LP preferences persist
Alessia Argentieri looks at the winning strategies, and gathers insight from placement specialists as to what the rest of 2021 has in store
VC-backed Darktrace lists on LSE
Cybersecurity platform has a market cap of around £1.7bn; it raised its first funding round in 2013
Tikehau's SPAC Pegasus raises €500m
Tikehau, Financière Agache, Jean-Pierre Mustier and Diego De Giorgi commit to invest a total amount in excess of €165m
Ares closes Ares Capital Europe V on €11bn
Ace V is Ares' largest institutional fund yet and is 70% larger than its €6.5bn predecessor
Bain Capital, JC Flowers back Co-operative Bank
Bain Capital and JC Flowers become investors in the bank alongside its five other current financial sponsors
Endeit Capital holds final close for third fund on €250m
Fund II closed on €125m in 2016; Fund III will continue to invest scale-up capital in European startups
Softbank leads $225m series-D round for Exscientia
Japanese investor provided additional $300m equity commitment that can be drawn at the company's discretion
Aurelius announces UK team appointments
Simon Jobson joins the London team as a principal; Shivani Sheth joins as an investment associate
Levine Leichtman backs Prime Global
This is the fifth investment made by Levine Leichtman Capital Partners Europe II, which closed on €463m in 2020
Number of UK club deals reaches three year high – Pinsent Masons
Club deals allow GPs to share risk, buy larger businesses, and reduce the need for high leverage, the law firm said
LeadBlock plans €100m second close for blockchain fund
Fund held a first close on €10m in March this year and will invest at the seed and series-A stages
Bowmark promotes four
Firm promotes Cheong and Elliott to partners, Keen to investment director and McRae to investment manager
Digital Alpha Fund II closes on $1bn
Fund invests in digital assets, with a focus on next-gen networks, cloud computing and "smart cities"
Columbus Life Sciences Fund III closes on €120m
Fund invests in early-stage and high-growth opportunities across the life sciences and pharmaceutical industries
AlpInvest Co-Investment Fund VIII closes on $3.5bn
ACF VIII invests alongside GPs in private equity buyouts and growth capital transactions across a variety of sectors
Endeavour Vision closes Medtech Growth II on $375m
Fund is 30% larger than its predecessor and will continue to focus on medtech growth investments
MusicMagpie lists in £208m IPO, NVM reaps 12x return
NVM generates proceeds of £72.5m from the exit and retains a 16.1% holding worth £33.4m