Financials
Ardian backs SFAM in €1.7bn deal
GP acquires a €200m minority stake in the French broker of smartphone and multimedia insurance
Inflexion-backed Ocorian bolts on Abax Holding
Deal is the fourth acquisition by the Channel Islands-based company in six months
Inception leads €2.2m seed round for Penta
Fresh capital will be used to hire more staff to support the company's growing customer base
Chiltern divests Vantage to Exponent-backed Enra
Deal comes 20 months after the vendor acquired a significant minority stake in the mortgage broker
Da Vinci invests £15m in EZBob
Fresh capital is provided at a post-money valuation of £100m, according to press reports
Penta- and Maven-backed GRP acquires County Group
Current management team will stay with the business as it moves to new ownership
AnaCap-backed Heidelpay buys MPay24
Second bolt-on, after the purchase of Hamburg-based Startec, since AnaCap's original acquisition
JC Flowers, Cerberus granted exclusivity in HSH Nordbank auction
Bidders have now been given a deadline to negotiate a deal with the federal state owners
Synova backs AllClear in MBI
Chris Rolland, the former CEO of Staysure and American Express Insurance Services, will lead the business
JC Flowers continues OneSavings sell-down
GP places a further 24 million shares, reaping gross proceeds of approximately £95m
DeA launches second corporate credit recovery fund
Idea CCR II, a debtor-in-possession vehicle, has already reached a first close on €300m
Waterland buys Coeo Inkasso
Managing director Tom Haverkamp will remain in his position and retain a minority stake
Permira sells down Just Group stake
£78.5m sale leaves Permira with a 17.7% stake in the financial services company
HSH Nordbank receives final bids from PE firms
ARD's teletext service announces that confirmed and binding final offers have been received
HgCapital-backed A-Plan buys Endsleigh from Zurich
Endsleigh will continue to operate as a separate entity under its existing management team
VC-backed Funding Circle plans £1bn IPO
Peer-to-peer lending platform has raised more than £250m over six funding rounds
HSH Nordbank final bids due Friday
Bank must be reprivatised by February as part of a bail out agreement from June 2013
Connection Capital in £13.3m Tempcover MBO
GP invests £7.5m in the transaction for the online temporary insurance provider
Enterprise sells Netrisk.hu to MCI for €56.5m
Deal ends a seven-year holding period for the GP, which acquired an 80% stake in July 2010
IK’s OpenSolution bolts on Finnpos
OpenSolution intends to grow geographically in the Nordic region following the deal
Vitruvian backs credit-comparison site Smava
London-based private equity firm Vitruvian Partners has made an undisclosed investment in German online banking platform Smava.
AnaCap sells First Names to Astorg's SGG
Transaction sees AnaCap generate a 2.6x money multiple on its investment in the administration business
Bain-, Advent-backed Concardis buys PCS Paycard, Simplepay
Both companies focus on providing payment solutions to small and medium-sized enterprises
TA buys Old Mutual Wealth's Single Strategy division
As of 30 September 2017, the Single Strategy business had £25.7bn in funds under management