UK / Ireland
Panoramic delays fundraising to H1 2021
Panoramic Growth Fund 2, which closed on £65m in May 2016, is around 60% deployed currently
Temasek leads $28.5m series-B for Tropic Biosciences
New investors include Sumitomo Europe, Genoa Ventures, Agronomics and Skyviews Life Science
OrbiMed leads $70m round for Mereo
Mereo announces plans to advance Etigilimab (Anti-TIGIT) into a phase-Ib study in Q4 2020
Spectrum appoints Patey
Patey was a director at BDO before taking this position as lead advisory director
Francisco Partners raises $9.7bn across three funds
Funds target the technology industry, with a focus on software, financial technology and healthcare IT
Novo Ventures leads $55m series-B round for NodThera
Biotech company has so far raised $95m over two funding rounds
Two thirds of PE professionals expect reduction in carry – survey
More than half of the private equity partners and directors surveyed also expect bonuses to reduce
Existing investors take part in $27m round for Verne
Investors Wellcome Trust, Novator Partners, Stefnir and General Catalyst participate in the round
Eurazeo holds €400m first close for France-China Cooperation Fund
Fund targets European companies with expansion and growth plans in the Chinese market
Alcuin sells AVMI to trade
AVMI reported EBITDA of £6.3m for the year ending on 30 June 2019 from revenues of £81m
Sequoia-backed Charlotte Tilbury close to $1bn sale – report
Makeup producer and distributor generated around £200m in revenues for 2019
Video: Coller's Francois Aguerre on PE's reasons to be cheerful
In the third of Unquote's Lockdown series, Francois Aguerre discusses how long-term secondaries prospects are still strong despite the turmoil
Goldman Sachs and THCP invest £16.5m in Hunter Boots
Wellingtons manufacturer mandated AlixPartners to sell a stake in the business in March 2020
Sovereign backs Acolin MBO
Spencer House provided corporate finance advice on the acquisition of the fund adminstrator
Horizon-backed Juniper bolts on Pupil Asset
Fourth acquisition the education platform has made since Horizon's initial investment
Ardian closes eighth secondaries mega-fund on $19bn
ASF VIII intends to provide the necessary liquidity to investors amid the global Covid-19 pandemic
Q&A: Pemberton's UK head Eric Capp on direct lending's future
Private debt professional Eric Capp discusses his long-term view of the direct lending landscape
RCP sells Zoggs to Head
Zoggs was a Risk Capital Partners II portfolio company; the vehicle held a final close in 2009 on £75m
Guernsey Finance launches green PE principles
Four key principles to mitigate climate change at every investment stage and within GP boards
Inflexion sells Glide to Alinda Capital for 3x money
Inflexion is said to be making a 3x money return on the sale of the fibre networks provider
Warburg Pincus invests >£250m in S&W merger with Permira's Tilney
Despite changes in the capital structure, the merger's £1.8bn price tag will remain the same
IK closes ninth-generation fund on €2.85bn
IK VIII held a final close in November 2016 with €1.85bn and was 87% deployed as of December 2019
Guru buys ETX from JRJ
JRJ began exploring a sale process for CFD brokerage in 2017, when it mandated RBC
Sovereign appoints Rossetti to investment team
Rossetti previously worked at Morgenthaler Private Equity and Incline Equity Partners