Financials
JC Flowers continues OneSavings sell-down
GP places a further 24 million shares, reaping gross proceeds of approximately ТЃ95m
DeA launches second corporate credit recovery fund
Idea CCR II, a debtor-in-possession vehicle, has already reached a first close on €300m
Permira sells down Just Group stake
ТЃ78.5m 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 ТЃ250m 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 ТЃ7.5m 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 ТЃ25.7bn in funds under management
DN Capital et al. in €18m round for Finiata
Point Nine, Fly Ventures, Redalpine and Energy also take part in the €10m equity funding
Dawn leads €40m funding round for iZettle
Existing backer Dawn led the round along with The Fourth Swedish National Pension Fund
Ardian sells infrastructure fund to APG and Axa
Both APG and Axa were previously LPs in the fund, which Axa Private Equity closed in 2007
Eurazeo in talks to buy Idinvest
Investment company Eurazeo looks into buying majority stake in French GP Idinvest
LeapFrog leads $40m series-C for WorldRemit
Fresh capital will be used to expand the company's payment services into new markets
CDPQ takes $400m stake in Hyperion
CDPQ joins the UK insurer alongside General Atlantic, which acquired a 33% stake in March 2013
Deal in Focus: BC-backed Sabre floats with £575m market cap
IPO of the insurance underwriter raised ТЃ206m to acquire shares owned by BC and other investors
Bridgepoint-backed Primonial buys 40% of LFDE
Financière de l'Echiquier will take over Primonial's asset-management activities
Synova-backed Defaqto refinances
New funding package will enable the business to repay shareholder debt and invest in further growth
Abénex backs debt manager Premista
GP acquires minority stake in debt consolidation expert Premista in LBO transaction