Financials
Bain to acquire Esure in £1.2bn take-private
Board of the UK insurance company has approved an offer of 280 pence apiece from the GP
PE hot for insurance sector
Dealflow and aggregate value in the insurance sector has surpassed its post-crisis annual peak before the end of the third quarter of 2018
Nordic Capital acquires Macrobond
Acquisition is the fifth investment by the GP's latest fund, Nordic Capital IX
Cinven agrees to acquire ALE from Axa for €925m
Deal comes weeks after the GP transferred another life insurance business into its sixth fund
LocalGlobe and Pentech lead £1.9m round for FloodFlash
Insurtech company will launch its product in October and double its headcount within six months
JC Flowers sells OneLife to trade
New group will have a combined AUM of €16.5bn, €5.2bn of which is currently managed by OneLife
Pollen Street acquires BIK from Syntaxis
Deal sees Pollen Street Capital acquire a majority stake in insurance provider BIK from Syntaxis
Aleph, Crestview invest €260m in Keyhaven-backed Darag
Darag has completed 23 run-off transactions in Europe with a total value of more than €740m
Cabot Square, Eurofin sell 321 Crédito
Business has a net loan book of €250m and generated net profit of €7.9m last year
Portobello Capital exits Multiasistencia
Under Portobello Capital's management, Multiasistencia grew and expanded internationally
ECI acquires The Clear Group
GP is currently investing from its 10th fund, which invests in companies with EVs of £20-150m
Cabot Square to launch sixth fund in 2019
Financial-services-focused GP's new vehicle is understood to have a target in the region of £300m
Mobeus's Advantedge bolts on Henry Howard Cashflow Finance
Deal is the invoice finance provider's first acquisition since Mobeus's intial investment
CDC International, Mubadala back SFAM
Franco-emirati Fund (FEF), jointly-owned by CDC and Mubadala, was used for the transaction
EI acquires Unilink
Unilink intends to become the largest insurance distribution company in the CEE region
HPE Growth backs $50m funding round for PPro
Round is led by PayPal with participation from Citi Ventures, the CVC arm of Citi Group
General Atlantic injects $250m into Greensill
GA's investment values the working capital finance provider at $1.64bn
Cinven merges Viridum with Generali Lebensversicherung
Transaction is an exit for Fifth Cinven Fund, which held a final close on €5.3bn in 2013
Maven in £2.8m round for P2P lending platform Lending Works
Previous backer NVM, along with Pollen Street and business angels, bring in £800,000
PE-backed FNZ Group buys EBase for €151m
Sale is expected to generate a positive non-recurring income before tax of €85m for Comdirect
Marcorp leads $20m round for PaySend
UK fintech company PaySend plans to roll out additional services as it focuses on global growth
Eight Roads leads £14m series-B for Moneybox
Existing investors Oxford Capital Partners and Samos Investments are also taking part
Cerberus buys Officine CST
Company's CEO, Gianpiero Oddone, will stay on with the business and retain a 28% stake
EQT acquires Saxo Payments Banking Circle
Deal was arranged in partnership with Saxo Payments Banking Circle's founders and other co-investors
