UK / Ireland
Video: OTPP's Topley discusses liquidity squeeze, GP discipline
Joe Topley, head of European funds at Ontario Teachers' Pension Plan, shares his LP perspective on the current state of the private equity market
Revenio invests in €39.2m round for Fly Now Pay Later
Fly Now Pay Later allows users to pay for travel plans in instalments of up to a year
BCAP invests in Orka
This is BCAP Launchpad's second investment, following the firm's investment in Scotty Technologies
Unigestion gears up to invest in small and mid-market PE
Unigestion partners expect investment opportunities to emerge in the small-cap market
Unquote Private Equity Podcast: Belt & braces
Rowan Bamford and Gareth Rees from Liberty GTS examine the impact of Covid-19 on W&I insurance, and share their take on where the M&A market is headed
McDermott hires two in debt advisory team
Mark Fine and Aymen Mahmoud join the London office from Willkie Farr & Gallagher
Palatine appoints new partner to Impact Fund team
Palatine held a final close for its debut impact fund on £100m in September 2017
JTC appoints Dublin leadership team
Appointments follow JTC's recent acquisition of the corporate services business Cornerstone
Artemis buys Bridge Farm for $90m
Artemis will assume $45m of debt under the vendor Sundial's existing $115m term debt facility
The Deals Pipeline
A fortnightly highlight of deal processes underway and involving PE, either on the buy- or sell-side, across Europe
Maven invests £1m in Boiler Plan
Founded in 2014, Boiler Plan provides an online platform for the purchase of a new boiler
Travel sector assets: Seeking solutions to long-lasting woes
Unquote explores the challenges ahead, how PE-backed companies are adapting their business models, and how they can bounce back
Graybella Capital pushes back first close for new fund to Q3
VC is using an SPV to still invest in companies and plans to merge it with the fund later
WGAM buys minority stake in Validus
Validus is a financial risk management firm with offices in the UK in London and Eton
Highland Europe leads £18.9m round for Modulr
Existing investors including Frog Capital and Blenheim Chalcot also participate
BDC IV holds first close
To date, the Teachers' Retirement System of Louisiana has invested £50m in BDC IV
Cathay Capital raises €500m for Innovation II fund
Fund targets startups operating in a wide variety of sectors, with a focus on artificial intelligence
Cathay Capital closes Midcap II on €800m
Fund targets companies based in Europe, Asia and North America with high-growth potential and expansion plans
Inflexion-backed Global Reach acquires Encore FX’s Canada operation
On 30 March 2020 Encore FX filed an assignment in bankruptcy in Canada with EY as the trustee
Merian Chrysalis leads £30m in Featurespace
Following completion, IP Group will hold a direct undiluted beneficial stake of 19.7%
3i posts 6% gross return for PE, down from 20% for FY 2019
3i made three new investments in the financial year for a total of £413m and completed 13 bolt-ons
Piper promotes McAlpine to investment manager
McAlpine has previously worked at strategy consultancy Parthenon-EY and at Oakley as an analyst
SCP acquires Bain Credit-backed TM Lewin
SCP acquires the business as a going concern, taking over the entire store network
UK CFOs anticipate 1-2 year's slip in exit timetables - survey
Of the 144 CFOs surveyed by Unquoted Advisory, 52% say investors have been "very supportive"