Financials
Pollen Street sells SRG to HGGC
Deal represents a full exit for Pollen Street Capital, which was invested in SRG through its third fund
Cabot Square sells Asset Alliance for £4.1m
Asset Alliance's debt, including a ТЃ140m RCF, will be refinanced by the acquirer following completion
Summit Partners invests €50m in Solactive
Growth capital investment sees the GP take a minority stake in the financial indices provider
Inflexion sells LCP to Charterhouse for £300m
LCP's executives and employees own a majority of its shares and its partners will increase their share
EQT Ventures leads €50m series-B for Luko
Company intends to use the fresh capital to further boost its product development and scale up its team
Investors in £60m round for Monzo at £1.24bn valuation
Monzo has been using the UK furlough scheme and subsequently making around 80 employees redundant
Cinven, BCI to acquire Compre from CBPE
This is Cinven VII's third acquisition following the purchase of LGC and Thyssenkrupp Elevator
Mobeus sells stake in Advantedge for 30% IRR
Mobeus reported a 2.7x return on the sale to ECapital, a provider of alternative financial products
EMZ Partners acquires Assepro
Buyout of the Switzerland-based insurance broker is EMZ's third DACH region deal of 2020
Keyhaven sells PIC for 1.7x return
Keyhaven's latest direct investment fund was Keyhaven Capital Partners IV, which closed on ТЃ74.2m
Synova buys insurance broker JM Glendinning
GP invests in the company via its fourth fund, which closed on its ТЃ365m hard-cap in June 2019
Elevat3 Capital leads funding round for Neodigital
Germany-based digital insurance company is also backed by existing investors Coparion and Alstin
Onex, GIC lead investment in $1bn Convex
GIC has made several investments in 2020, including in Klarna and Thyssenkrupp Elevator
360 Capital, Fuel Ventures lead $65m round for Heroes
Angel investors include Matt Robinson and Carlos Gonzalez-Cadenas, former GoCardless executives
Apiary invests in Radiant
Radiant's management team will be led by Peter Mann as chairman and CEO Simon Cogman-Hellier
Clessidra buys Coefi from Archeide
Sale ends an eight-year holding period for Archeide, which has supported the growth and expansion of Coefi since 2012
Momeni Digital et al. in funding round for Bullfinch Asset
Elevat3 Capital and German energy group EWE also back the green project-financing platform
Tenzing backs MBO of VIPR
Deal is the ninth investment from Tenzing's debut fund, with its successor yet to deploy
Apollo sells Amissima Assicurazioni to Talanx
Sale does not include life insurance business Amissima Vita, which generated premiums of around €900m in 2019
Partners Group backs Telepass in €2bn deal
GP acquires a 49% stake in the company for €1.06bn, while the reminder is retained by current owner Atlantia
Latour acquires Santiane from BlackFin for €200m EV
Santiane was marketed based on €15m EBITDA, with vendors expecting an EBITDA multiple of more than 10x
IK buys You Sure from Synergia
GP deploys capital from IK Small Cap II Fund, which closed on its hard-cap of €550m in February 2018
Global Founders, Rocket et al. in £21m round for Knoma
Knoma says it will initially focus on the UK market, and plans to expand globally in the coming years
Hg invests $1.5bn in Hyperion at $5bn valuation
Hyperion's management team and employees will remain the largest shareholder group in the company