Financials
Penta- and Maven-backed GRP acquires Greens
Deal is the third bolt-on acquisition made by the insurance broker since the beginning of 2016
Endless acquires PRAC Financial
Debt purchasing business will acquire two consumer debt portfolios and pursue other investments
Vista merges Misys and D+H
Financial software companies will merge to create a group with revenues of $2.1bn
Shawbrook to reject BC, Pollen Street's £868m take-private bid
Independent directors tell shareholders the 340 pence per share offer undervalues the company
HgCapital's A-Plan in £170m refinancing
Refinancing consists mainly of two term loan B facilities worth ТЃ98.8m and ТЃ66.2m
VC firms back Exporo
Fresh capital will be used to develop new products, including the launch of bonds for larger projects
BC's Mergermarket Group acquires TIM Group
BC Partners acquired Mergermarket in 2013 and has made a number of bolt-ons since
Apax buys Ciprés Assurances from TA
Apax France closed its latest fund on its €1bn hard-cap in March
PE-backed Lindorff bolts on credit recovery firm Gextra
Nordic Capital-backed credit recovery firm acquires Italian competitor from DoBank
Warburg Pincus sells Source to Invesco
Previous media reports suggested the vendor was looking for a $400-500m valuation for the asset manager
Phoenix sells Key Retirement to Partners Group for £200m
New funding will be used to expand the companyтs distribution capacity and drive product innovation
CBPE's JTC Group bolts on New Amsterdam Cititrust
UK-based corporate and fund service provider JTC Group expands in the Benelux region
KKR buys Italian credit servicing platform Sistemia
Deal comes two weeks after Varde Partners’ acquisition of Sistemia’s competitor Guber
Centerbridge floats BFF in Milan
IPO includes the sale of a 31.16% stake by the GP, which bought the business in 2015
ITI acquires Uralsib with Da Vinci Capital funding
Russian broker and asset management firm ITI Group steps into the UK market
BNP Paribas takes majority stake in Compte-Nickel
Transaction enables the exit of Partech Ventures, which had been the group's main backer since 2015
HGGC's Davies Group merges with Cynergie
Deal is the first bolt-on investment for the claims management group under the GP's tenure
Insurtech puts a premium on technology
PE and VC players turn their attention to the insurance space as fintech's next scalable disruption opportunity
Lone Star acquires 75% stake in Novo Banco
GP's winning bid marks the end of a two-year auction process for the Portuguese lender
Advent and Bain acquire Ratepay
Ratepay will be integrated with Concardis, another joint acquisition by Advent and Bain earier this year
Cinven and Permira sell 10.2% of JRP for £124m
Partial divestment of the listed financial services company comes 17 months after the group was formed
Vitruvian backs CFC's MBO
According to press reports, the deal valued the British insurance broker at ТЃ230m
Warburg Pincus buys 35% stake in Avaloq
Deal marks the third acquisition across the European fintech sector for the New York-based fund manager
Arvato and SBI in €26.3m series-A for Solarisbank
Company will expand its banking platform and internationalise its client base and operations