Financials
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
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 £500m
Dunedin exits Kingsbridge
Kingsbridge was a Dunedin Buyout Fund III portfolio company, which closed on £300m 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
Deutsche Invest exits Planethome to AP Capital
GP sells its stake to co-investor and majority shareholder after acquiring a minority stake in 2015
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 £22.4bn as at 31 December 2019 and reported EBITDA of £92.8m for 2018
CVC et al. re-up in Pension Insurance Corp via £750m capital raise
CVC Strategic Opportunities I deploys £130.6m 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 £5m revolving credit facility to Signature
Consortium in €90m round for Tink
Insight Venture Partners previously led a €56m 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