Financials
Blackstone to continue preparations to acquire NIBC
Blackstone's offer comprises 995 euro cents per share, including the final dividend of 33 cents
PE-backed BMS acquires Jurado Mata
BMS's backers invested in the company in June 2019, in a deal that gave it an EV of ТЃ500m
Dunedin exits Kingsbridge
Kingsbridge was a Dunedin Buyout Fund III portfolio company, which closed on ТЃ300m in June 2013
Axia buys insurance business Direct Gap
Gordons provides legal advice and Naylor Wintersgill provides financial due diligence services
Innova to exit Polskie ePlatnosci in Nets sale
Innova Capital and other shareholders are to sell a total of 79.49%, and OPTeam is to sell 20.51% in PeP
KKR invests in Oslo-listed Avida Finans
GP buys 9,090,909 shares for NOK 300m and intends to launch a conditional offer for all Avida shares
TA exits Merian to Jupiter for £370m
Merian had AUM of ТЃ22.4bn as at 31 December 2019 and reported EBITDA of ТЃ92.8m for 2018
CVC et al. re-up in Pension Insurance Corp via £750m capital raise
CVC Strategic Opportunities I deploys ТЃ130.6m for a 17.4% shareholding
Essling invests in VC-backed SPVIE Assurances
GP invests from Essling Expansion Fund, which held a first close on €100m in February 2019
Iman Capital backs Spanish fintech company Crealsa
GP intends to support the company's growth and strengthen its market position across Spain
Searchlight invests in Penta-backed GRP
Searchlight will take a majority stake, with other investors taking minority positions
MBU acquires Union Bank UK
MBU Capital makes direct and venture capital investments on behalf of high-net-worth individuals
FTV leads £32m round for Liberis
Senior investment adviser Jerome Hershey of FTV Capital will join the company's board
Foresight invests £16.8m in Signature
Foresight Group will provide an initial ТЃ5m revolving credit facility to Signature
Consortium in €90m round for Tink
Insight Venture Partners previously led a тЌ56m funding round early last year
Consortium invests €104m in fintech startup Qonto
Fresh capital will help the challenger bank expand globally and become a fully-licensed operator
Inflexion-backed Bollington acquires Ashgrove
Since 2012, Ashgrove has acquired five insurance businesses in the north-west of England
MCI to sell Netrisk
During MCI Group's holding period, the company bolted on Biztosítás.hu in 2019
CBPE backs Perspective Financial Group buyout
CBPE is partnering with management, who are all reinvesting in the business
Umbra leads $20m round for Hastee
In addition to the equity investment, Hastee receives a $250m credit line from the investors
VCs in £15m round for Cuvva
Cuvva has recently launched its first product, where customers pay monthly for insurance
Sovereign to sell Arachas for €250m
Sovereign backed the management buyout of Arachas in 2017 and acquired a controlling stake
VCs in £10m round for Uncapped
Accelerator Seedcamp also invested in the round, as well as several angel investors
Andera backs Auxiga SBO
GP will help the inventory pledge service pursue its international expansion