Financials
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
Earlybird holds EUR 350m final close for Digital West VII
Fund is double the size of its predecessor to keep pace with the market, Earlybird's Hendrik Brandis said
Andera Partners holds EUR 450m first close for Andera MidCap 5
Vehicle has a target of EUR 600m and is around 50% larger than its predecessor, Winch Capital 4
Oaktree exits Ascot Lloyd to Nordic Capital
New owner is acquiring the UK-based independent financial advisor via Nordic X
IK Partners sells Recocash to Qualium Investissement
Deal marks the third exit from IK Small Cap II, which is at least 93% deployed
Parcom prepares insurance provider TAF for exit
Parcom acquired a majority stake in the Netherlands-based business in December 2018
Nordic forms Bilthouse through mortgage broker acquisitions
The GP will merge Baufi24, Hüttig & Rompf and Creditweb to form new company; deal made through Nordic Capital X
Advent buys Mangopay, Leetchi
Deal adds to GP's 17 fintech assets including Planet and Medius; sponsor has invested USD 6.5bn in fintech since 2008
Lightrock announces promotions, board appointments
Impact investor expects to turn its focus to new deals in 2022 and grew its team by 30% in 2021
Vitruvian makes USD 35m investment in Moonfare
Deal comes shortly after Insight Partners led a USD 125m Series C for the PE investment platform
Connection Capital exits Tempcover to RVU for 5x money
London-based RVU owns Uswitch, Confused.com, and Money.co.uk
Exponent sells Enra to Elliot Advisors
Exit reportedly values the UK-based specialist mortgage finance provider at more than GBP 350m
Apax leads GBP 175m round for ClearBank
Clearing and embedded banking platform is the first deal from the GP’s USD 1.75bn Apax Digital II
Clearlake, Motive to acquire BETA+ from LSEG for USD 1.1bn
GPs will use wealth management processing solutions provider as a buy-and-build platform and enter new high growth markets
Dawn Capital eyes two new funds
Software-focused VC makes early-stage deals; its Opportunities funds back its later-stage portfolio
Pollen Street to expand investment strategies in public market foray
UK alternative asset manager will seek to carve out a niche for itself with existing and new strategies after merger with Honeycomb
Inflexion exits Succession to Aviva for 3x money
Insurer Aviva paid GBP 385m for the asset
Lincoln hires three for financial services team
London-based Antoine Dupont-Madinier and Max Cornu-Thenard have joined from Panmure Gordon
Digital Horizon set for USD 200m Fund II first close in Q2 2022
VC started marketing the fund in December 2021 and has USD 100m in soft commitments to date
Oaktree explores Ascot Lloyd sale advised by Houlihan Lokey
A sale process of the UK wealth manager group is slated to kick off towards or into the second half of the year
Motive, CPP Investments in USD 1.4bn equity raise for FNZ
The deal values the London-based wealth management platform at more than USD 20bn
Permira, Blackrock lead USD 312m round for GoCardless
Europe's new tech unicorn reaches a valuation of USD 2.1bn following latest funding round
TA Associates prepares Odealim for H2 exit
Lazard is likely to be mandated for the sale of the French insurance brokerage firm
Activa acquires Rhétorès, Cap Fidelis
GP plans to be ahead of the consolidation phase in the financial advisory market, which it believes is underway
