UK / Ireland
Bestport invests in Playful Promises
Will Hobhouse, previously chairman of Heals, Jack Wills and Sunspel, is joining the board as chairman
Kempen co-invests in £46.5m Eque2 MBO
WestBridge acquired Eque2 in December 2020, marking the firm's sixth investment from its second fund
Oxx leads $21m series-B for Peak
Funding round was oversubscribed and saw participation from MMC Ventures and Praetura Ventures
Secondary pricing flies high for infra funds; venture sees big jump
Across all strategies, highest prices are paid for 2016-2018 vintages, Setter Capital research shows
Passion Capital closes venture secondaries deal
Fund closed in 2011 on £37.5m but now boasts a NAV north of £100m
Five Seasons launches second fund
VC targets the European food technology industry, primarily investing in series-A and -B rounds
Tenzing invests in Jeffreys Henry MBO
Management team at the company will be led by managing partner Justin Randall and partner Jon Isaacs
GCP sells Infinity Works to Accenture
GCP invested in Infinity Works in March 2019 as a minority partner to the founder management team
Sofinnova, Ally Bridge lead $108m Mainstay round
Mainstay intends to use the funds to support the company's commercial launch of ReActiv8 in the US
Ambienta buys Collingwood from Baird
Sale ends a three-year holding period for Baird, which invested in the company via its $310m Baird Capital Global Fund I
ECI-backed Edenhouse sold to trade
Accenture is a listed professional services conglomerate and acquires the IT service to improve its SAP provision capabilities
Piper promotes Stern
Stern led on the recent sale of Proper and on investments such as Neom and Wattbike
YFM invests in Outpost VFX
Investment coincides with the appointment of Robin Shenfield to the board as chair
CVC acquires System C – report
William Blair advised on the sale process, which was marketed based on £80m sales and £15m EBITDA
Tikehau launches SPAC to invest in financial services sector
Tikehau sponsors the vehicle in partnership with Financière Agache, Jean-Pierre Mustier and Diego De Giorgi
JTC acquires Indos Financial
Staff from the depositary advisory firm will join JTC's institutional client services division
Apax to acquire Herjavec Group
Apax is currently investing from its 10th-generation fund, which closed on $9bn in February 2020
LDC-backed Onecom acquires BGF's Olive Communications
BGF invested £10m in Olive in 2016 in a deal that also raised £5.25m in debt provided by Barclays
K1 provides growth equity investment to XTM
XTM International has been bootstrapped up until this investment from K1
Tiger Global leads €40m round for Flipdish
Fresh capital will go towards growing Flipdish's international footprint
Eurazeo Smart City II Venture holds €80m first close
Fund invests in energy, transport, property technology and logistics startups worldwide
BlackRock in talks to buy Aquila Heywood for £350m – report
Aquila Heywood is a pensions administration software company that generates revenues of £32.4m
LDC sells Adey for £210m
LDC acquired Adey in June 2016, with Alcentra providing a €60m unitranche to support the deal
Braavos leads SpyBiotech's $32.5m series-A
Proceeds will advance the clinical development of SpyBiotech's vaccine technology platform