UK / Ireland
Capita to sell Eclipse to PE-backed Access UK for £56.5m
Access UK was backed by Hg in 2018 in a deal that valued the software developar at £1bn
From PE darling to hard-hit sector: gyms face uncertain post-covid future
As gyms and fitness clubs across Europe gear up to welcome back consumers, Unquote explores their tricky path out of lockdown
BlackRock and ApoBank launch healthcare fund
BlackRock-managed fund aims to give ApoBank's institutional clients access to healthcare investments
Eurazeo-backed Planet acquires 3C Payment
Planet is said to pay between the high millions and low tens-of-millions-of-euros on an acquisition
Inflexion-backed ONP invests £1.5m in Lavatech
Founded in 2013, Lavatech is the developer of legal app InCase and is based in Manchester
SoftBank in $19.5m in Splyt series-B
SoftBank vice-president Daichi Nozaki will join the company's board of directors
EQT sells credit business to Bridgepoint
There were five or six bidders in the early stages of the sale auction, including Schroders
Hoxton closes second fund on almost $100m
Hoxton Ventures II has a 30% carry rate with a 2.5% management fee and no hurdle
Mobeus leads £4m round for MyTutor
Fresh capital will be used to increase the availability of MyTutor's platform
European fund closes slump by 42% amid lockdown
Unquote recorded 44 first or final closes of European PE funds between March and May, a 42% drop on the three-month average seen across 2019
Seventure, Vostok lead $10m round for TransferGo
Venture capital firms Hard Yaka, Revo Capital and Bootstrap Europe also participate
Corten closes debut fund on €392m
Corten began raising in January 2019, thus avoiding potential delays in the current market
Meta Change Capital launches €100m fund
Fund is dedicated to investments in blockchain companies across Europe, Asia, the Middle East and Africa
VCs invest £60m in Monzo for £1.24bn valuation
Online bank's previous £113m funding round valued the company at £2bn in June 2019
Livingbridge invests in Chill Insurance
Financing for the acquisition of the insurance broker has been provider by Pemberton
IQ appoints Hirtzel as general partner
Hirtzel previously served as chief operating officer of Kreos Capital after working at PA Consulting
Zamo invests in SASC
Zamo Capital I, the firm's debut fund, has made its first investment in investment manager SASC
LDC takes minority stake in Connect Health
For the year ending on 30 June 2019, Connect Health reported revenue of £31.2m, up from £25.4m
Foresite et al. in $41.5m series-A for Bit Bio
Foresite is currently investing from its fourth-generation fund, which closed on $668m in 2018
Guernsey Finance launches fast-track applications for managers
Scheme aims to allow fund managers with funds not registered in whitelisted jurisdictions to migrate
NB closes Euro Crossroads 2018 fund on €260m
LPs in previous Crossroads vehicles include the Iowa State University Foundation and WSI Investments
Vast majority of LPs satisfied with GP transparency – survey
Coller Capital's PE Barometer also reported LP concerns about forward-looking EBITDA add-backs
Blackstone Life Sciences invests $337m in Medtronic's diabetes arm
Medtronic, headquartered in Dublin, Ireland, is a medical technology, services and products company
Secondaries players weigh up risk and rewards of "ring-fencing" deals
GP-led transactions isolating assets hardest hit by the Covid-19 crisis could appeal to adventurous secondaries players, but challenges abound