Financials
PE firms back record $14bn funding round for China's Ant Financial
Round comprises renminbi and US dollar tranches, reportedly values the company at $150bn
BlackFin appoints Franzmeyer to lead DACH expansion
Franzmeyer joins as managing director and will become head of Blackfin in Germany in September
Silverfleet sells Ipes to Genstar's Apex Group
Sale of the fund administration business generates a 3.8x return and 30% IRR for the vendor
LT Capital invests in Groupe Leader Insurance
First investment for the LTC III vehicle, which is due to close on €100m in July
NVM invests £8.2m in Flexioffices MBO
Deal for office space broker is the second MBO made by the GP's maiden institutionally backed fund
VC firms invest $30m in Coya
Fresh capital will be used to establish the company in Germany once it receives approval from BaFin
Warburg Pincus buys Self Trade Bank
GP teams up with former Santander CEO Javier Marín Romano for the bank's carve-out
Partech et al. inject €32m in Lendix
Consortium of previous and new investors back the France-based online lending platform
Adyen sets price range for €6-7bn IPO
General Atlantic, Index Ventures, Felicis Ventures and Temasek have all previously backed the business
PE-backed Concardis and Nets set to merge
Deal will see Concardis shareholders contribute their shares in return for Nets shares
VC firms back €10m series-A for FinCompare
Dutch bank ING joins the syndicate as the lead investor via its corporate venturing arm
DBAG buys Von Poll Immobilien
Third investment from DBAG ECF I, which raised €85m for its latest vintage in June 2017
Sentica Partners exits Silta
Following the deal, Silta will become part of Administer, with its brand and name unchanged
BC sells down Sabre stake
GP and the motor insurance underwriter's founder collectively sell an 18% stake for ТЃ112.8m
Kinnevik leads $16m series-A for Pleo
Expenses management company will launch its service across Europe and undertake a recrtuiment drive
Daphni, Idinvest back Lunchr
Daphni has previously invested €2.5m in the France-based booking platform
VC-backed Azimo raises further $20m
Corporate venture player Rakuten Capital leads the investment again, alongside a host of backers
Activa, BPI France invest in Active Assurances
Following the deal, the new investors will join the founding shareholders in Active Assurances
Montefiore backs Groupe Premium
GP buys a 70% stake in insurance business Groupe Premium via Montefiore Investment IV
Permira sells remaining Just Group shares
Final selldown follows GP's share sale in January, in which the investor sold shares worth ТЃ78.5m
VC-backed iZettle acquired by PayPal in $2.2bn deal
Mega-deal comes just days after the startup announced its intention to float in Stockholm
Armonia buys Estendo
GP deploys capital from its Armonia Italy Fund, which held a first close on €200m in June 2016
Spice PE in $300m deal for The Craftory
GP is funding the launch of a new UK-based, consumer-goods-focused investment group
Livingbridge acquires insurance group CISG
GP will support further growth by expanding the franchise operations and through acquisitions