Financials
Obvious Ventures leads SEK 100m series-A for Hedvig
Cherry Ventures and D-Ax, the early-stage investment arm of Axel Johnson, also take part
Beech Tree invests in Avid
Insurance intermediary Avid Insurance is Beech Tree's seventh platform acquisition
Nordic Capital, Sampo buy Nofi stake for €223m
GP draws capital from Nordic Capital IX, which held a final close in May last year
Cerberus to acquire Optimum Re Spain at €70.25m valuation
Cerberus first made an offer for the Barcelona-based real investment trust in July 2019
Oakley acquires Seven Miles
Oakley Capital has taken a majority stake in the gift card and employee incentives company
Tikehau invests €25m in Milan-listed broker Assiteca
GP deploys capital from Tikehau Growth Equity II, which held a first close on €150m in July 2018
Granite Creek injects $15m into Morrow Sodali
Corporate advisory firm has recently expanded internationally and made a number of senior hires
BlackRock et al. in $460m funding round for Klarna
Funding round values the payments and financing service at $5.5bn
BlackRock et al. in €25m series-C for Scalable Capital
Existing investors BlackRock, Tengelmann Ventures and HV Holtzbrinck Ventures participate
Outward VC holds first close on £38m
Outward VC was previously called INVC and was founded by former Investec Bank executives in 2017
Toscafund et al. in £50m round for Atom Bank
PE and VC advisory firm Perscitus also took part in the round for the UK-based online bank
N26 receives investment of $170m in series-D extension
Tencent Holding and Allianz X have invested in the series-D funding round extension
Inflexion to merge Bridgepoint-backed Estera with Ocorian
Transaction ends a four-year holding period and reportedly values Estera at £500-600m
Creandum leads €30m series-B for Billie
Existing investors Picus Capital, Speedinvest and Global Founders Capital participate in the round
Rockpool backs Boston MFO buyout
Rockpool generally makes equity investments in the range of £3-12m in profitable private companies
Gauss leads $55m series-B for Curve
UK-based credit card aggregation company will pursue expansion across Europe and the US
Kester-backed Ceta Insurance bolts on Love Your Hut
Insurance broker Ceta Insurance is expected to make a number of bolt-ons in the future
Equistone buys FirstPort from PE-backed Knight Square
FirstPort's management team will retain a minority stake in the business following the deal
Charterhouse-backed Siaci Saint Honore buys Cambiaso Risso
Combined group will operate in five new countries while strengthening its position in several ports
Palatine supports Wren Sterling's TD Armstrong bolt-on
Deal is the third bolt-on for the UK-headquartered independent financial adviser
CVC sells 30% stake in D&G to ADIA
GP reportedly pulled a dual-track process for the business in June that targetted a £1.2bn valuation
Battery and Dawn lead $61m series-B for Soldo
Existing backers Accel and Connect also take part in the round for the corporate credit card firm
Waterland-backed Coeo Inkasso bolts on KNP
Waterland acquired Coeo Inkasso in January 2018 and this is its first acquisition in Austria
Synova holds £365m first and final close for fourth fund
Vehicle surpassed its £300m target and closed with 46% more in commitments than its predecessor
