Financials
Lovell Minnick to acquire Charles Taylor in £261m deal
US-based Lovell Minnick has made an offer for listed insurance services business Charles Taylor
Qualium backs Magnolia.fr MBO
GP invests in French online insurance brokerage, while management retains a majority stake
Pentech, Outward in £7m funding round for PrimaryBid
Pentech Fund III and Outward Fund VC have invested in the online investment platform
Dawn Capital in £110m round for Sonovate
Dawn Capital has invested in two previous funding rounds for the online lender
Sovereign-backed Bristow & Sutor acquires Credit Style
Bristow & Sutor has made its second acquisition since Sovereign's initial acquisition in 2017
Duet, EMEA Capital back Moneybaba
Moneybaba is an online lender focused on emerging markets and already operates in South America
Ventech in SEK 74m round for Capcito
Ventech and Schibsted Growth, a Swedish investor, both join the round as new investors
Bowmark reinvests in Aston Lark
Bowmark Capital Partners sold insurance broker Aston Lark to Goldman Sachs in May 2019
Three Hills invests £40m in telematics specialist Trak
Company plans to use the capital to boost its international expansion, primarily in North America
VC-backed Raisin buys retirement savings startup Fairr
Second add-on inked by Raisin this year, following the purchase of MHB Bank from Lone Star
Obvious Ventures leads SEK 100m series-A for Hedvig
Cherry Ventures and D-Ax, the early-stage investment arm of Axel Johnson, also take part
Beech Tree invests in Avid
Insurance intermediary Avid Insurance is Beech Tree's seventh platform acquisition
Nordic Capital, Sampo buy Nofi stake for €223m
GP draws capital from Nordic Capital IX, which held a final close in May last year
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
