Financials
KKR revises conditional offer for Avida Finans
Subscription price per share has been reduced from NOK 33 to NOK 26
Aquiline Capital closes fourth fund on $2bn
Fund invests in North American and European businesses operating across the financial services sector
Smava raises €57m in debt and equity financing
Company said it raised the additional capital to prepare for the effects of the pandemic
Bridgepoint buys insurance group CEP from JC Flowers
GP invests via Bridgepoint Europe VI, which closed on its €5.7bn hard-cap in December 2017
Nordic Capital to acquire financial adviser Max Matthiessen
Insurance broker sells the business six years after acquiring it from Altor
Crowdcube invests £7.1m in Freetrade
CEO Adam Dodds says the company was looking to raise $20-50m in a series-B in 2020
Benson Oak fully exits Klikpojisteni.cz
Klik will join the group comprising Netrisk.hu and Biztositas.hu, backed by TA and MCI
Revenio invests in €39.2m round for Fly Now Pay Later
Fly Now Pay Later allows users to pay for travel plans in instalments of up to a year
BCAP invests in Orka
This is BCAP Launchpad's second investment, following the firm's investment in Scotty Technologies
WGAM buys minority stake in Validus
Validus is a financial risk management firm with offices in the UK in London and Eton
Inflexion-backed Global Reach acquires Encore FX's Canada operation
On 30 March 2020 Encore FX filed an assignment in bankruptcy in Canada with EY as the trustee
Centerbridge-backed Farmafactoring buys PE-owned Depobank
Depobank will be merged into BFF and the GPs will own a stake of 7.6% in the combined entity
ING Ventures leads £4m bridge funding for Countingup
Triple Point, CVentures and Big Start Ventures also co-invest in the funding round
Investors participate in N26 $100m series-D extension
N26 will continue to invest in growing its presence across 24 European markets and the US
FTV leads £78m round in Bought By Many
Based in London, and founded in 2012, Bought By Many is a pet insurance broker based in London
Palatine-backed SMP acquires RBC Corporate Services Hong Kong
Palatine acquired financial advisory service SMP in 2019, drawing equity from Palatine III
Synova-backed Fairstone acquires domestic IFA firms
Synova committed ТЃ25m to the development of Fairstone in 2016, drawing equity from Synova III
LocalGlobe leads €4m round for Libeo
Funding round also sees participation from existing investor Breega and several business angels
Inflexion-backed Ocorian acquires Allegro
Luxembourg-based Allegro is Ocorian's first acquisition since its merger with Estera
Searchlight-backed GRP bolts on two insurance brokers
Company is seeking targets with ТЃ1-10m EBITDA for its insurance brokerage buy-and-build strategy
KKR invests up to $500m in Kilter
Kilter Finance makes investments from its own balance sheet and is funded by its management team
Bridgepoint buys 28% stake in French asset manager Cyrus
GP invests via its lower-mid-cap fund Bridgepoint Development Capital III, which raised around £600m
Essling-backed SPVIE bolts on Assurances de l'Adour
GP is investing from Essling Expansion Fund, a vehicle dedicated to the French lower-mid-market
Riello Investimenti backs First Advisory
GP invests via its Italian Strategy Fund, a €150m vehicle that held a €50m first close in June 2019