UK / Ireland
Inspirit backs Lloyds Register Group's energy division
Inspirit writes equity cheques of £2-10m for UK SMEs with revenues greater than £20m
Sella holds €30m first close for debut VC fund-of-funds
Vehicle targets European, US and Israeli VC funds that invest primarily in early-stage rounds
Dawn leads $20m series-B for Access Fintech
Existing investors JP Morgan, Citi and Goldman Sachs contribute to the latest round
Co-investment: get out or double down?
While some LPs could be overexposed to troubled sectors, others could up their game and deploy into opportunities arising mid-cycle
ECSO, private investors plan €1bn cybersecurity fund-of-funds
European Cyber Security Organization and eight private investors have approached the EC with a proposal
YFM promotes Clarke
YFM is currently deploying YFM Equity Partners Buyout Fund II, which closed on £80m in March 2020
TDR, private investors to acquire Asda for £6.8bn
Asda was previously in talks with Sainsbury's, which would have paid £7.3bn for the asset
White Star holds first close for $30m Digital Asset Fund
Fund invests in blockchain-enabled businesses at each layer of the tech stack, with a focus on Europe and the US
Kennet-, Eight Roads-backed Rimilia sold to trade for up to $150m
Nasdaq-listed BlackLine is an enterprise software company with a market capitalisation of $5.182bn
Inspirit invests in Procam Group
GP is currently investing from its debut vehicle, Inspirit Fund I, which held a final close on its £50m hard-cap in December 2019
Further Global acquires majority stake in AA Ireland for €240m
AA Ireland posted €13.7m in net profits in the year to January 2020 on sales of €62.4m
Global Founders, Rocket et al. in £21m round for Knoma
Knoma says it will initially focus on the UK market, and plans to expand globally in the coming years
Limerston-backed Arch Sciences acquires Apex Scientific
Formerly called Crawford Scientific, Limerston acquired the company in October 2017 from Maven
BC-backed VetPartners acquires Hyperthyroid Cat Centre
BC acquired VetPartners from Ares Management, Credit Group and August Equity for around £700m
European Circular Bioeconomy Fund holds first close
European Commssion-backed fund is targeting €250m and aims to hold a final close by August 2021
Nordic Capital, Carlyle bid for Octopus-backed Calastone
Trade bidders are also competing in the process, while Motive Partners was bidding, but is no longer involved
Arcano Secondary Fund XIV launches with €300m target
Fund will invest in mid-market buyout and growth capital vehicles across Europe and the US
General Catalyst et al. in £240m round for $2bn+ Cazoo
Online used car marketplace Cazoo has generated £100m in revenues to date in 2020
Hg closes Saturn 2, Mercury 3 and Genesis 9 on hard-caps
Proskauer provided legal advice and Rede Partners acted as placement agent for the three funds
Mobeus injects $3.8m into Preservica
Mobeus initially supported the spin-out of the original Preservica technology from portfolio company Tessella
Elysian III closes on £325m hard-cap
In conjunction with the fund close, the firm has announced the promotion of Jack Jacovou to partner
Palatine invests in NRG
Following the investment, the company will follow a buy-and-build strategy and develop its services
Providence launches leadership transition plan
Noell and Phillips are appointed as co-heads of North America, while Tabet and Tisdale become co-heads of Europe
Hg invests $1.5bn in Hyperion at $5bn valuation
Hyperion's management team and employees will remain the largest shareholder group in the company