Financials
E.Ventures, Greycroft back $20m round for Deposit Solutions
Fresh capital will be used to accelerate Deposit Solutions' international expansion
Eurazeo buys 30% stake in Rhône
Eurazeo managers will serve on Rhône's boards and a Rhône observer will sit on Eurazeo's
Nordic Capital's Itiviti acquires Ullink
Itiviti plans to merge with Hg-backed cash equity and trading solutions platform Ullink
Inflexion acquires £150m stake in Radius
Fuel card provider will look to expand internationally under its new ownership model
AIB backs TransferMate with €30m investment
Firms have agreed a strategic partnership to help AIB business customers
Magenta Partners backs Trustpay from new fund
Magenta will make growth equity investments between ТЃ5-20m from its latest vehicle
Warburg Pincus buys additional 10% Avaloq stake from Raffeisen
Avaloq simultaneously acquires a 51% stake in its joint venture with Raffeisen, Arizon
JC Flowers- and Encore-backed Cabot pulls IPO
Company says the current IPO and broader market conditions are not conducive to a flotation
Permira's Alter Domus bolts on Cortland
Permira-backed Alter Domus acquires US-based Cortland for an undisclosed sum
Oxford leads £3m round for Wrisk
Insurance aggregation and administration platform will launch its mobile offering in 2018
BC-backed Sabre to raise £213m from IPO
Motor insurance underwriter announces its intention to float following a four-year holding
3i cancels sale of £182m ACR stake
$1bn deal for the Singaporean reinsurance business was shelved due to regulatory delays
Capzanine sells stake in Taliance
Capzanine became a majority shareholder in the financial software business during an LBO in 2007
Livingbridge's Broadstone makes double bolt-on
Benefits and pensions consultancy acquires Mitchell Consulting and 2020 Trustees
Thrive, Passion in £71m round for Monzo
US investors Goodwater Capital and payment technology company Stripe are also taking part
Gala Capital buys 30% stake in Beka Finance
GP is understood to have taken its stake in the business as part of a capital increase
Inflexion merges insurance brokers Bollington and Wilsons
New company Bollington Wilson Group is expected to generate gross written premiums of around ТЃ120m
TransferWise in $280m series-E
Deal values the London-based money transfer service at $1.6bn
Preservation Capital backs Ascent Underwriting
New financial-services-focused firm Preservation Capital Partners inks its first deal
PE-backed Trintech acquires Adra Software
Backed by Sprectrum and Vista, the combined group will operate under the name Trintech
IK buys Debitor Inkasso
GP draws equity from IK Small Cap I Fund, a €277m vehicle that held a final close in 2016
HSH Nordbank attracts PE bids
PE firms Apollo, Cerberus and JC Flowers in the running to acquire the bank from federal owners
ING announces €300m fintech fund
ING Ventures is financed entirely from ING's balance sheet and has a four-year investment period
BC Partners acquires MCS
GP acquires a 90% stake in the French bank loans portfolio management company