Financials
BC Partners hits brakes on iQera sale amid market volatility
Sale of credit management provider not formally called off; could relaunch when conditions improve
The Bolt-Ons Digest – 16 September 2022
Unquote’s selection of the latest add-ons with A&M's Ayesa, BC Partners' Valtech, Advent's IRCA, EQT's IVC Evidensia and more
Vitruvian starts fundraising for VIP V
New vehicle registered this month; presented to Los Angeles-based LPs
Montagu reinvests in Universal Investment, CPPI takes minority stake
Co-investment aims to support German fund management company in global expansion efforts
Cathay Capital, Bpifrance weigh NeoXam sale
Auction for French group to launch imminently as financial software assets go through buoyant moment
C’est la rentrée: PEs line up French deals despite adverse market
Local economy managed to stay comparatively strong compared to sluggish global growth and inflationary pressures
The Bolt-Ons Digest - 19 August 2022
Unquote’s selection of the latest add-ons with Apax's Groupe Crystal, Livingbridge's CitNOW, Triton’s Fertiberia and more
Golding Capital holds EUR 65m first close for debut impact fund
Fund-of-funds has made two investments to date and plans to attract further European institutional LPs
Sidekick spinoffs: Insurtech scale-ups attract PE interest
Investment set to break EUR 1.1bn mark this year as sponsors seek for rising stars
Synova V holds first and final close on GBP 875m hard-cap
The fund has a GBP 250m pool earmarked for smaller deals and expects to make a handful of DACH and Nordics investments
Ardian exits majority stake in Opteven to Apax
New owner will aim to accelerate the insurance provider's international growth
Cinven plays long game with financials fund in hunt for 3x returns
With a life of 15 years, the new vehicle has closed above target, with insurers making up about a quarter of its LP base
Sponsors brave the storm amid drop in financial services M&A
GP buyouts in the financial services space reached a two-year high in H1 2022 as rising financing costs and a brewing recession cloud the sector's M&A outlook
FPE Capital invests in Dynamic Planner
Deal for the financial software provider marks second platform investment from GBP 185m Fund III
The Bolt-Ons Digest – 13 July 2022
Unquote’s selection of the latest add-ons with Ardian's Aire, Kester's Rephine, Arta/KKR's Alvic, Capiton's Dec Group, and more
Motive raises USD 2.54bn across Fund 2 and co-investment vehicles
GP's USD 1.8bn Fund 2 is 3.7x the size of its predecessor and expects to make 15-18 deals
Cinven holds EUR 1.5bn final close for financial services fund
GP's first sector-focused fund has made three deals, the first of which was insurance broker Miller
Mubadala leads equity raise in Wefox's USD 400m Series D
Berlin-based insurtech platform valued at USD 4.5bn in equity and debt round
Apax heads for second small-cap fund with EUR 350m target
French GP seeks private and institutional investors with a minimum commitment of around EUR 100,000
Waterland invests in tax and audit advisor Cooper Parry
GP is deploying capital from Fund VII, where many other business support services companies sit
Project A holds USD 375m final close for Fund IV
Vehicle includes a component of up to USD 80m for the German firm’s PE co-investments
Inflexion to exit Global Reach in trade sale
UK foreign exchange company to be acquired by US-listed business payments specialist Fleetcor
Ardian invests in TA Associates-backed Odealim
Sponsors will have co-control of the France-based insurance broker, with TA reinvesting
Advent raises USD 25bn for GPE X
Around 40% larger than its predecessor, the new fund was raised in less than six months, managing director Johanna Barr tells Unquote
