Financials
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 £120m
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
Maven injects £3m into Altra
Capital will support the launch of the group's structured trade credit insurance brokering division
JC Flowers- and Encore-backed Cabot to list on LSE
Debt collection business aims to raise £195m from its listing on the London stock exchange
AnaCap-backed Heidelpay acquires Startec
AnaCap supports the transaction with equity from AnaCap Financial Partners III
Nordic Capital to become largest shareholder in listed Nordax
Transaction was implemented through a reverse bookbuilding process with Carnegie Investment Bank
Tengelmann leads €12m series-B funding round for Compeon
Existing investors BtoV Partners and Dieter von Holtzbrinck Ventures also take part
Deal in Focus: Dunedin reaps 55% IRR from Alpha IPO
Divestment of wealth management consultancy came ahead of schedule, generating an £89.6m return
IW Capital leads £8m series-B for WeSwap
Peer-to-peer currency exchange platform will pursue expansion into the Asian market
VC-firms back €22m funding round for Spotcap
Backers include Rocket Internet, Finstar, Access Industries, Holtzbrinck, Kreos and Heartland Bank
Dunedin to fully exit Alpha via £163m IPO
Transaction comes just 20 months after the GP acquired the company from Baird in an £80m deal
Blenheim Chalcot in £40m round for SalaryFinance
Deal is the second investment in the UK salary-deductible loans space in quick succession