Financials
Palatine backs management buyout of SMP Partners
Isle of Man-based financial advisory business will pursue an acquisitive growth strategy
Softbank funding round values OakNorth at $2.8bn
Firm has led a $440m capital injection for the UK-based digital lender to fund its US expansion
Hg-backed Noventic bolts on Ch. Mittendorf and Neotech
Hg retained a minority stake in Noventic after the sale of its portfolio company Qundis
KKR backs Söderberg & Partners in $1bn deal
Buyout is being structured with a low level of leverage due to the preference of the family owners
Apollo acquires stake in Bene Assicurazioni
Transaction is part of Apollo's acquisition of NYSE-listed company Aspen Insurance Holdings
Index, Ribbit and Thrive in $114m series-D funding round for Raisin
Index Ventures first invested in a series-A funding round for the company in 2014
Alven, Blackfin lead €8m series-A for Pretto
Pretto previously raised €1.3m in a seed round led by angel investor Pierre Kosciusko-Morizet
Livingbridge's Broadstone bolts on CS Financial Solutions
CSFS becomes a fully integrated part of Broadstone and will serve the combined group's client base
Neva Finventures, Primomiglio lead €5m series-A for Yolo
Newcomers Net Insurance and Miro Ventures also take part in the latest funding round
Hg refinances A-Plan for second time in 19 months
GP previously secured a £170m refinancing package for the insurance brokerage in June 2017
Cerberus and Centerbridge offer €600m for NordLB
Firms will each pay half the offer price in a bid for a minority stake in the German lender
Bowmark's Aston Lark bolts on Robertson Low
Irish insurance broker will help the portfolio company safeguard against Brexit uncertainty
HTGF backs Iconiq Lab
HTGF uses its latest investment vehicle High-Tech Gründerfonds III for the investment
Amundi buys remaining stake in Anatec
Following the acquisition, Anatec will maintain its operational and business independence
Charterhouse's Siaci Saint Honore bolts on Driesassur
SSH, backed by Charterhouse since 2018, bolts on jewellery insurance specialist Driesassur
Northzone in £26m series-B round for MarketInvoice
UK-based invoice finance company will build up its team and expand its business loans division
Lonsdale acquires majority stake in CC&A
Deal is the eighth to be made from Lonsdale's debut fund, which writes equity cheques of £10-15m
BGF exits Jumpstart via trade sale to Visiativ
Sale of the GP's minority stake in the tax consultancy comes five years after its initial investment
Insight leads $300m series-D for N26
Investment values the firm at $2.7bn and Singapore's sovereign wealth fund GIC also takes part
Dunedin-backed Kingsbridge bolts on Dinghy
Second bolt-on made by Kingsbridge, following the acquisition of Larsen Howie in 2018
Synova reaps 5.6x from Stackhouse Poland sale to Gallagher
Sale of specialist insurance broker comes four years after the GP's initial investment
Triton mid-cap team invests in Deutsche Radiologie
GP draws equity from Smaller Mid-Cap Fund, a €448m vehicle that held a final close in July 2018
PE-backed bank HSH's bondholders file lawsuit against it
Investors are seeking a write-up to par of the tier 1 instruments and monetary damages
Inflexion makes minority investment in Granite Underwriting
GP is still investing from the first Partnership fund, despite raising a successor last year