UK / Ireland
Tech, IT and software valuations remain stable – survey
Report from GCA Altium tracks the effect of the coronavirus crisis on listed technology companies
Omers leads $15m round for Flagstone
Existing investors Kindred Capital and Moneysupermarket Group also participate
Palatine-backed SMP acquires RBC Corporate Services Hong Kong
Palatine acquired financial advisory service SMP in 2019, drawing equity from Palatine III
VGC appoints Read as director
Alex Read joins from Alantra, where he spent three years as an origination associate
Lincoln International appoints two managing directors
Christian Schwarzmueller will join the DACH team while Florus Plantenga joins the London office
Nesta and Downing lead £2m round for Empiribox
Nesta education lead Manish Miglani and Downing portfolio director Mike Kennedy join the board
NB et al. buy minority stake in Castik-backed Waterlogic
In January 2020, BCI acquired a minority stake, which the three new incoming investors will share
IDIA et al. invest €15m in Amarenco
Amarenco also purchases Macquarie Capital's shares in their solar project joint venture
Omers Ventures Fund IV closes on $750m
Fund targets growth-orientated, disruptive technology companies based across North America and Europe
Elysian III eyes first close in June
LPs in Elysian II include Hamilton Lane, Morgan Stanley and West Yorkshire Pension Fund
Stirling Square hires two
Stirling Square is currently investing from its fourth-generation fund, which closed on €950m
Index Ventures raises $2bn across two new funds
Index Ventures Growth V, which targets later-stage companies, raises $1.2bn, while Index Ventures X closes on $800m
VCs in $80m series-B for Compass Pathways
Compass intends to use the funds to expand upon its lead programme in psilocybin therapy
Synova-backed Fairstone acquires domestic IFA firms
Synova committed £25m to the development of Fairstone in 2016, drawing equity from Synova III
IW invests £2m in GPDQ
IW Capital provides equity investments, typically of £1-2.5m, through EIS investments
Maven leads round for Intilery
Founded in 2012 and based in Chester, Intilery offers a real-time omnichannel CRM platform
VCs welcome Future Fund, but seek added clarity
VCs dicuss the use of convertible loan notes and the need for liquidity in the venture ecosystem
Half of GPs prepared to hire based on video interviews - survey
Survey conducted by PER shows that 52% of participants could make offers from video interviews
Hg promotes Sanow to partner
Sanow has been involved in the Hg 6, Hg 7, Hg 8, Saturn, Mercury 1 and Mercury 2 fundraisings
UK government extends lifeline to PE assets, but obstacles remain
Clarification for CBILS is deemed helpful, but concerns linger for the Coronavirus Large Business Interruption Loan Scheme (CLBILS)
Market braces for 12.6% drop in valuations by Q2 – report
NAVs expected to drop for Q1, with a steeper mark-down for Q2 as the crisis take its toll
Mayfair announces five promotions
Mayfair has promoted its portfolio director Paul Reading to the position of managing director
Oakley hires Kienwald on legal team
Kienwald joins Oakley's legal team from his position as associate at Simpson Thacher & Bartlett
Ubon portfolio companies Vaion and Jazz Networks merge
Following the merger, the combined company – now named Ava – will consolidate its offering