UK / Ireland
LDC exits Mitrefinch
LDC invested £20m in Mitrefinch in 2016 for a minority stake and has supported the company in doubling revenues
Averna acquires ClimateCare
Debt was provided by Bridgepoint Credit, which recently successfully acquired EQT's credit business
Baird, Beechbrook complete Nigel Wright restructuring
Both institutional investors will retain minority positions in the recruitment business
Video: Frog Capital's Mike Reid on growth equity's chance to shine
Reid recaps a busy year for Frog and shares his experience of dealing with the Covid-19 crisis
Video: Alantra's Andy Currie on the outlook for PE
Unquote interviews Andy Currie from Alantra, winner in the Corporate Finance Firm Of The Year category for the 2020 British Private Equity Awards
Levine Leichtman Capital Partners Europe II closes on €463m
Fund has already completed one investment and has two additional deals under contract
BlackRock invests $118m in Arrival at $3.5bn valuation
BlackRock, Hyundai and Kia along with United Parcel Services will hold a minority interest in Arrival
Northpond, Octopus lead $30m series-A for Ori Biotech
Existing investors Amadeus Capital Partners, Delin Ventures and Kindred Capital also join the round
Sofinnova appoints Anderson as partner
Anderson has 25 years of experience in the healthcare and life sciences industries
British Private Equity Awards 2020: winners announced
Unquote unveils the winners of the 2020 British Private Equity Awards, hotly contested despite a most challenging market
UK Fundraising Pipeline - Q4 2020
Unquote rounds up the most notable fundraises currently ongoing in the French market across the buyout, venture and secondaries spaces
Capdesia Structured Equity targets £100m; aims to close in Q1 2021
European food-service-focused fund was registered and launched in May 2018 with a target of €200m
Inflexion acquires Sparta Global; KCP to reap 7x return
Inflexion has previously invested in other businesses in the sector, including FDM
FPE invests in MaxContact
Lars Pedersen – CEO of another FPE investment, Questionmark – has joined the board as NEC
Felix hires Chou and Pizzolato as investors
Felix is currently investing from Felix Capital Fund III, which closed on $300m in January 2020
BVCA summit: fund financing boom necessitates tailoring
Market participants discuss IRR-enhancing tactics, emergency liquidity and negotiations with LPs
Elaghmore I closes £30m extension
Investors in the extension are all US-based institutions, according to a statement
Pictet launches technology-focused fund-of-funds
Vehicle is the GP's first sector-focused fund-of-funds and will also make direct and co-investments
Sovereign V eyes £450-500m fundraise in 2021
Sovereign recently announced changes to its leadership team, with Dalli taking over as managing partner
Insights from the BVCA summit: PE open for business
On general themes, such as fundraising, market participants were positive about the future of the market
GP Profile: Silverfleet eyes fundraising progress, new acquisitions
Firm is currently raising for Silverfleet Capital Partners III, which was registered in July 2019
BC European Capital XI holds first close on €4bn
LPs already invested in the fund include the New York State Teachers Retirement System
Ardian acquires Syclef majority stake from Latour
Since 2015, Syclef has accelerated its buy-and-build strategy with the acquisition of 15 companies
Hometree raises £7m in new round led by Anthemis
Company has reportedly raised £25m in funding since being founded in 2016