Financials
Cerberus to acquire Optimum Re Spain at €70.25m valuation
Cerberus first made an offer for the Barcelona-based real investment trust in July 2019
Oakley acquires Seven Miles
Oakley Capital has taken a majority stake in the gift card and employee incentives company
Tikehau invests €25m in Milan-listed broker Assiteca
GP deploys capital from Tikehau Growth Equity II, which held a first close on €150m in July 2018
Granite Creek injects $15m into Morrow Sodali
Corporate advisory firm has recently expanded internationally and made a number of senior hires
BlackRock et al. in $460m funding round for Klarna
Funding round values the payments and financing service at $5.5bn
BlackRock et al. in €25m series-C for Scalable Capital
Existing investors BlackRock, Tengelmann Ventures and HV Holtzbrinck Ventures participate
Outward VC holds first close on £38m
Outward VC was previously called INVC and was founded by former Investec Bank executives in 2017
Toscafund et al. in £50m round for Atom Bank
PE and VC advisory firm Perscitus also took part in the round for the UK-based online bank
N26 receives investment of $170m in series-D extension
Tencent Holding and Allianz X have invested in the series-D funding round extension
Inflexion to merge Bridgepoint-backed Estera with Ocorian
Transaction ends a four-year holding period and reportedly values Estera at £500-600m
Creandum leads €30m series-B for Billie
Existing investors Picus Capital, Speedinvest and Global Founders Capital participate in the round
Rockpool backs Boston MFO buyout
Rockpool generally makes equity investments in the range of £3-12m in profitable private companies
Gauss leads $55m series-B for Curve
UK-based credit card aggregation company will pursue expansion across Europe and the US
Kester-backed Ceta Insurance bolts on Love Your Hut
Insurance broker Ceta Insurance is expected to make a number of bolt-ons in the future
Equistone buys FirstPort from PE-backed Knight Square
FirstPort's management team will retain a minority stake in the business following the deal
Charterhouse-backed Siaci Saint Honore buys Cambiaso Risso
Combined group will operate in five new countries while strengthening its position in several ports
Palatine supports Wren Sterling's TD Armstrong bolt-on
Deal is the third bolt-on for the UK-headquartered independent financial adviser
CVC sells 30% stake in D&G to ADIA
GP reportedly pulled a dual-track process for the business in June that targetted a £1.2bn valuation
Battery and Dawn lead $61m series-B for Soldo
Existing backers Accel and Connect also take part in the round for the corporate credit card firm
Waterland-backed Coeo Inkasso bolts on KNP
Waterland acquired Coeo Inkasso in January 2018 and this is its first acquisition in Austria
Synova holds £365m first and final close for fourth fund
Vehicle surpassed its £300m target and closed with 46% more in commitments than its predecessor
H&F-backed Allfunds bolts on Credit Suisse InvestLab
Credit Suisse will become a minority shareholder of up to 18% in the combined business
Y Combinator Continuity leads £113m round for Monzo
Deal reportedly values the online bank at double its October 2018 valuation of £1bn
CVC pulls sale of D&G; reports
Decision to suspend the exit is reportedly due to a lukewarm response from potential investors
