UK / Ireland
Quantifying PE's appetite for recurring revenue models
Buyouts in sectors where recurring revenue models are predominant went from 8% of European volume in 2010 to 22% in 2021 to date
LDC buys Sohonet from FPE Capital
With LDC's support, the company intends to boost its international growth and explore complementary acquisitions
BGF-backed TIG bolts on ThirdSpace
Acquisition of the cybersecurity and identity firm is backed by BGF and Santander Growth Capital
BGF invests in Leeds company Northern Building Plastics
GP's backing will help the company expand its service, delivery capability, and product range
BlackRock joins $100m series-C funding for Exscientia
Company plans to use the financing to expand its portfolio of drugs and grow its artificial intelligence capabilities
Consortium in $400m series-C for Hopin
Virtual event software was valued at $2.1bn at the time of its $125m round in November 2020
How UK PE buyouts soared ahead of 2021 Budget
Amount of dealflow in the past three months is significantly higher than in previous December-February periods
Phoenix invests in Setfords Law; BGF exits
Phoenix will acquire a majority stake in the legal network; BGF invested £3.75m in Setfords in 2016
Sofinnova Crossover Fund closes on €445m
Fund focuses on investments in later-stage biopharma and medtech companies that need capital to scale up
August Equity sells PCS to BC Partners' VetPartners
Sale ends a six-year holding period for August, which invested in the company via its £200m August Equity Partners III fund
Bowmark, LDC sell Node4 to Providence
IT business was expected to fetch a valuation in excess of £300m, based on a 15x multiple
Biotech market provides dose of optimism
In the past year, the biotech market has seen buoyant activity, reaching record levels of investments
Synova sells Tonic Games to Epic, nets 200% IRR
Exit closely follows that of Fairstone Group to TA, which resulted in a 4.5x return
CBPE invests in Mindera
Software systems developer is the GP's first investment from its £561m CBPE X vehicle
Beyond Black holds first close for Pledge Fund I
Following the €20m first close, the Berlin-based VC aims to launch a larger cleantech-focused fund
NorthEdge invests in Distology
GP is investing from its £120m SME Fund, which held a final close in July 2018
Inflexion invests in DR&P Group
GP is acquiring a majority stake in the insurance broker via Inflexion Enterprise Fund V
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Virgin Wines floats in £110m IPO, Connection reaps 7.6x
Mobeus remains invested in the business, while Connection makes a full exit
LDC backs WCCTV with £30m investment
Company plans to use the fresh capital to further accelerate its international expansion and launch new products
LDC invests in Phoenix Datacom
As part of the transaction, Phoenix Datacom extends its banking facilities with Lloyds Bank
Platinum-backed Cision buys Brandwatch for $450m
Brandwatch raised around $65m over three funding rounds from VCs including Partech and Nauta
Inflexion secures majority stake in Pangaea Laboratories
Beauty product developer owns the Medik8 brand, which generated revenues of £18.9m in 2020
No need to panic about high dry powder as PE market comes roaring back, says Bain
Appetite remains high for deal-making and exits, according to Bain & Company’s 2021 Global Private Equity Report