UK / Ireland
Horizon supports three bolt-ons for DMC
Horizon is currently investing from its Horizon Capital I fund, which closed on £200m in 2018
YFM reaps 2.25x money on Eikon, retains minority stake
YFM has retained a minority investment in the company, comprising equity and loan notes
Balderton leads €12.7m round for Jolt
Existing investor Octopus Ventures' Titan VCT also participated in the funding round
Rede appoints Goodlad as head of transactions
Magnus Goodlad will replace Yaron Zafir, who has stepped down from his role and will act as senior adviser
Stephane Etroy joins Ares as head of European PE
Former executive vice-president and head of private equity at CDPQ will join from 6 February
Corporate divestments fuel European buyouts
Carve-outs and spin-outs represented around 14% of all buyouts in 2019, up from 11.5% in 2018 and 10% in 2017, according to Unquote Data
Accel-KKR leads $50m round for Partnerize
Accel-KKR principal Joe Porten will join the Partnerize board of directors as a part of the deal
Livingbridge reinvests in Vitruvian's Sykes
GP secures a minority stake in the cottage rental firm, a few months after selling to Vitruvian
ICG raises €1bn for Mid-Market fund, appoints two MDs
Peter Kirtley and Robin Molvin will support the deployment of ICG’s maiden Mid-Market fund
New merchant bank Umbra Capital Partners launches in UK
Umbra will also act as an investor itself, in addition to offering advisory services
Platinum closes fifth fund on $10bn hard-cap
Platinum Equity Capital Partners V draws $10bn in commitments from more than 250 LPs in 30 countries
Synova returns to life sciences with Charnwood investment
Second investment for Synova's latest vehicle, following Preventx last October
Hollyport closes Secondary Opportunities Fund VII on $1bn
New vehicle has already acquired stakes in an Equistone legacy fund and in Indigo V
ECI promotes Pike to partner
Suzanna Pike joined ECI in 2011 to work on deal origination, and was promoted to director in 2017
Abry Partners makes investment in Options Technology
This is the second round of investment for the firm, and substantially exceeds the first round of >$100m
Horizon Capital backs Sapphire Systems
Deal is the fourth from the Horizon Capital I fund, which closed on £200m in Q4 2018
Unquote Private Equity Podcast: Craving carve-outs
Listen to the latest episode of the Unquote Private Equity Podcast, where the team discusses corporate carve-outs
Comhar backs TaperedPlus
Flat-roof design and insulation specialist TaperedPlus is Leeds-based Comhar's third investment
TA Associates promotes three in London
Lovisa Lander is promoted to principal from senior vice-president
Livingbridge promotes Yateman-Smith, Kirby to partner
GP also makes a further seven promotions in its London, Manchester and Melbourne teams
ECI sells MThree to trade after 18 months
Education services provider goes to US-based John Wiley & Sons for more than £100m
CBPE exits Allied Glass
Buyer for the glass manufacturer is a vehicle managed by Sun Capital and the Allied Glass management
CBPE backs Perspective Financial Group buyout
CBPE is partnering with management, who are all reinvesting in the business
LDC sells Pure Cottages to Vitruvian's Sykes Holiday Cottages
Vitruvian acquired a majority stake in Sykes from Livingbridge last year