Financials
Northzone in £26m series-B round for MarketInvoice
UK-based invoice finance company will build up its team and expand its business loans division
Lonsdale acquires majority stake in CC&A
Deal is the eighth to be made from Lonsdale's debut fund, which writes equity cheques of £10-15m
BGF exits Jumpstart via trade sale to Visiativ
Sale of the GP's minority stake in the tax consultancy comes five years after its initial investment
Insight leads $300m series-D for N26
Investment values the firm at $2.7bn and Singapore's sovereign wealth fund GIC also takes part
Dunedin-backed Kingsbridge bolts on Dinghy
Second bolt-on made by Kingsbridge, following the acquisition of Larsen Howie in 2018
Synova reaps 5.6x from Stackhouse Poland sale to Gallagher
Sale of specialist insurance broker comes four years after the GP's initial investment
Triton mid-cap team invests in Deutsche Radiologie
GP draws equity from Smaller Mid-Cap Fund, a €448m vehicle that held a final close in July 2018
PE-backed bank HSH's bondholders file lawsuit against it
Investors are seeking a write-up to par of the tier 1 instruments and monetary damages
Inflexion makes minority investment in Granite Underwriting
GP is still investing from the first Partnership fund, despite raising a successor last year
CVC in exclusivity over €900m deal for April Group
KKR, BC and Advent were also reportedly involved in the bidding for the listed insurance group
PE-backed Gloval bolts on Prime Yield
Prime Yield CEO Nelson Rêgo will keep his current role and become a manager at Gloval
Caledonia buys stake in Stonehage Fleming
Caledonia is expected to invest around £92m for its minority stake in the global family office
Carlyle’s Prima Solutions bolts on Effisoft
Prima and Effisoft combined form an insurtech company generating €50m revenues
SEP backs TotallyMoney in further £29m round
SEP previously invested in TotallyMoney in 2011 and is now joined by Elliott Advisors
Vostok leads $17.6m series-B for TransferGo
Revo Capital and Practica Capital also take part in the round for the money transfer platform
AnaCap exits AssurOne
Deal ends a four-year holding period for AnaCap, which bought AssurOne from Seventure and BPI France
Synova's Stackhouse Poland acquires PII
Property Insurance Initiatives is the 12th bolt-on made by Stackhouse since gaining Synova's backing
PE and the banking sector: a challenging marriage
Fund managers are increasingly investing in the banking space, despite regulatory challenges and potential conflicts of interest
Motive Partners backs Finantix
Following the deal, the company's founders and management team will continue to lead the business
Polaris et al. buy Danica Pension Sverige
Consortium is led by Polaris and Acathia, and comprises Sampension and Unigestion, among others
Innogest leads €1.5m round for MioAssicuratore
Italian venture fund and previous backer Pi Campus also takes part in the investment
Corsair buys Zedra Group
Corsair acquires a majority stake in the business from the Nielsen and Sarikhani families
Goldman Sachs leads $28m round for Unicaf
Online higher education company will increase its number of scholarships to more than 100,000
Motive Partners buys majority in Lucht Probst Associates
Fintech-focused PE firm buys the German software and advisory services firm