UK / Ireland
IPEM TV 2020: Jim Strang, Hamilton Lane talks private market trends
Strang talks performance of private equity versus public markets, capital overhang, and current challenges
Azini Capital sells ClusterSeven to Hg backed-Mitratech
Sale ends a five-year holding period for Azini, which acquired ClusterSeven via its $100m third fund
Smedvig leads $10m series-A for Yumpingo
Company plans to scale its one-minute instant review platform and launch Yumpingo Pay
GreyBella Capital to launch new fund by mid-2020
Fund targets series-A and -B rounds in companies operating in life sciences and complex technologies
Tenzing invests in Activpayroll
Tenzing backs the incumbent senior management team, led by founder CEO Alison Sellar
KKR-backed Calisen to raise $1.87bn via IPO
Calisen indicated it plans to float nearly 25% of the business at a price of 225-265 pence per share
Carlyle writes down Addison Lee investment
Addison Lee, a taxi service and cab hailing app, owes £250m to its lenders, including HSBC
Castik-backed Waterlogic sells stake to BCI
BCI, which is a Canada-based LP direct investor, has made investments in several European companies
MBU acquires Union Bank UK
MBU Capital makes direct and venture capital investments on behalf of high-net-worth individuals
M80 acquires Spantech
M80 Capital I looks to provide equity tickets of €10-40m to companies in Benelux and France
CBPE invests in ETL
ETL Systems' management will stay on with the company to continue to lead it following the deal
FTV leads £32m round for Liberis
Senior investment adviser Jerome Hershey of FTV Capital will join the company's board
Existing investors participate in $80m round for Currencycloud
Existing investors Sapphire Ventures, Notion Capital, GV, Accomplice and Anthemis all participate
Merino-backed Hawkin's Bazaar appoints administrators
Company reported a loss of almost £1m on £15.3m in sales in 2018 and employs 177 people
Foresight invests £16.8m in Signature
Foresight Group will provide an initial £5m revolving credit facility to Signature
Altitude et al. back Nobl series-A
Cannabis data, conference and consulting service was backed by sector-focused investors
CMS's Grimwood joins Goodwin
Goodwin Procter employs around 60 corporate, fund formation and PE-focused tax lawyers in London
Passion Capital leads $1.7m round for Chai
Dynamo Ventures and MMC Ventures also invested in the commodities pricing company
MW&L acquires Chairman Mentors
MW&L invested £66m in oil well decommissioning company Well-Safe Solutions in October 2019
Permira sells Duff & Phelps for $4.2bn
New York-based Duff & Phelps is a business service that employs 3,500 people globally
Active Partners closes third fund on £100m
Active Partners closed its predecessor fund, Active ECF, on $40m in September 2016
Stafford launches €750m infra secondaries fund
Fourth core infrastructure secondaries fund is set to be twice the size of its predecessor
USS opens up DC section to PE investments
Move comes as funds invested in DC have exceeded £1bn, but exposure to private markets assets was already available to DB members
Hamilton Lane announce leadership changes
Before joining Hamilton Lane, Strang was a partner at private equity firm Dunedin