Financials
Investcorp buys minority stake in Swiss bank
Bank will be renamed Banque Pâris Bertrand SA, and will remain operationally independent
BC to fully exit Sabre
BC and co-founder Angus Ball start an accelerated process to sell a further 17.9% stake
Forward Partners leads £2.3m round for CountingUp
Online bank and bookkeeping software developer will invest in developing its accounting features
VC-backed Funding Circle seeks to raise £300m from IPO
Proposed listing would reportedly value the UK-based peer-to-peer lender at ТЃ1.5bn
Pollen Street backs Irish property auction house BidX1
BidX1 has already kicked off plans to expand into South Africa, Spain and Greece
Wonga set to appoint Grant Thornton as administrator
Britain's largest payday lender closes its doors just a month after a ТЃ10m cash injection
Blenheim Chalcot co-leads $20m series-B for SalaryFinance
UK-based low-cost payroll loan provider will launch its services in the US market
Mobeus invests £8.4m in T&G MBO
Deal for travel-focused insurance company is the seventh by Mobeus Equity Partners IV
Standard Chartered to sell PE division in ICG-backed deal
Transaction will see ICG acquiring $1bn of assets from the vendor and injecting fresh capital
VC-backed Monzo seeks $1.5bn valuation in new funding round
Reported transaction would value the fintech business at more than four times its 2017 valuation
Vitruvian leads $100m round for Deposit Solutions
Investment is made at a $500m valuation with participation from VC firm Kinnevik
Bain to acquire Esure in £1.2bn take-private
Board of the UK insurance company has approved an offer of 280 pence apiece from the GP
PE hot for insurance sector
Dealflow and aggregate value in the insurance sector has surpassed its post-crisis annual peak before the end of the third quarter of 2018
Nordic Capital acquires Macrobond
Acquisition is the fifth investment by the GP's latest fund, Nordic Capital IX
Cinven agrees to acquire ALE from Axa for €925m
Deal comes weeks after the GP transferred another life insurance business into its sixth fund
LocalGlobe and Pentech lead £1.9m round for FloodFlash
Insurtech company will launch its product in October and double its headcount within six months
JC Flowers sells OneLife to trade
New group will have a combined AUM of €16.5bn, €5.2bn of which is currently managed by OneLife
Pollen Street acquires BIK from Syntaxis
Deal sees Pollen Street Capital acquire a majority stake in insurance provider BIK from Syntaxis
Aleph, Crestview invest €260m in Keyhaven-backed Darag
Darag has completed 23 run-off transactions in Europe with a total value of more than €740m
Cabot Square, Eurofin sell 321 Crédito
Business has a net loan book of €250m and generated net profit of €7.9m last year
Portobello Capital exits Multiasistencia
Under Portobello Capital's management, Multiasistencia grew and expanded internationally
ECI acquires The Clear Group
GP is currently investing from its 10th fund, which invests in companies with EVs of ТЃ20-150m
Cabot Square to launch sixth fund in 2019
Financial-services-focused GP's new vehicle is understood to have a target in the region of ТЃ300m
Mobeus's Advantedge bolts on Henry Howard Cashflow Finance
Deal is the invoice finance provider's first acquisition since Mobeus's intial investment