Financials
Sanne board to recommend Apex offer
Should Apex make a firm offer, Cinven would have to significantly up its own bid for the fund administrator
Lonsdale sells Charles Cameron to Penta's Socium Group
Third exit announced by Lonsdale this year, and the second from its 2016 fund
Three Hills sells ACT stake to Bridgepoint in USD 1bn deal
GP invested EUR 60m for a minority stake in the environmental commodities trading platform in 2018
EQT explores strategic options for Banking Circle
Options include a private sale and a merger with a blank-cheque company, as well as a listing via IPO
Palatine sells Wren Sterling in Lightyear-backed MBO
Wren Sterling was created in 2015 through the Palatine-backed MBO of Towergate Financial
Revolut raises USD 800m Series E at USD 33bn valuation
Company becomes the second most valuable fintech in Europe, behind Sweden's Klarna
Charterhouse to exit Siaci Saint Honoré to OTPP et al.
OTPP, Cathay, BPI France and Ardian back the deal and SSH's merger with market peer Diot
Montagu buys Waystone from MML
Acquisition of the fund advisory firm is Montagu's third SBO of 2021, according to Unquote Data
Epiris sells Saunderson House in £150m trade sale
GP acquired IFG Group in 2019, subsequently splitting it into Saunderson House and James Hay
Palatine holds £220m final close for fourth fund
Vehicle is similar in size to Palatine III and has made four investments as of its final close
Clessidra holds €270m first close for fourth fund
Clessidra Capital Partners 4 was launched in November 2020 and has a €500m target
Synova invests in Doran + Minehane
GP aims to support the Ireland-headquartered asset management accountancy firm's acquisitive growth
HPE forms €160m continuation fund for fintech platform PPro
Firms including Coller Capital and Adams Street backed the oversubscribed GP-led deal
Miura backs agricultural insurance broker Banasegur
With this acquisition, the GP intends to pursue a consolidation project in the insurance brokerage sector
Tencent leads $180m round for Scalable Capital
Existing investors BlackRock, HV Capital and Tengelmann also back the asset management firm
TA backs Söderberg & Partners in SEK 2.5bn share issue
The issue reportedly values the financial services company at €2.27bn
Target Global leads $650m round for Wefox
Round is the largest ever raised in the European insurtech sector, according to Unquote Data
Advent buys Planet stake from Eurazeo in €1.8bn deal
Eurazeo will reinvest in the business and co-control the company with Advent
LBO France buys majority stake in Polis Fondi
GP generally invests in Italy via its small-cap strategy, targeting deals valued at less than €100m
Mobeus scores 3.3x on Ludlow trade sale
GP sells financial advice business Ludlow Wealth Management to Mattioli Woods for £36m
Sequoia leads €700m series-C round for Trade Republic
Funding brings the total amount Trade Republic has raised to €772m
Astorg, Bridgepoint buy Fenergo from Insight Partners
Media report values the business at $1.16bn, with the two GPs buying their stake for $600m
Advent leads $220m series-D for Shift at $1bn valuation
Avenir, Accel, Bessemer Venture Partners, General Catalyst and Iris Capital also take part in the round
Tikehau's SPAC Pegasus raises €500m
Tikehau, Financière Agache, Jean-Pierre Mustier and Diego De Giorgi commit to invest a total amount in excess of €165m
