Financials
Riverside's Brookson acquires 1st Option
1st Option provides accountancy, financial and other services to professional freelancers and contractors
Aquiline sells Simply Business to Travelers in $490m deal
Sale of online insurance brokerage comes less than a year after the GP acquired it for ТЃ120m
Hellman & Friedman buys Allfunds for €1.8bn
Deal sees Santander, Warburg Pincus, General Atlantic and Intesa Sanpaolo fully exit their investments
Shawbrook board rejects joint Pollen Street, BC offer
Private equity firms offered ТЃ825m for the listed British bank in early March
Inflexion's Succession in £10m double bolt-on
Wealth management business has acquired two of its affiliate member firms nine months after receiving follow-on funding
TCV acquires Retail Merchant Services
US-based GP invests in the payment service via its $2.5bn TCV IX vehicle
Thrive and Passion in £19.5m round for Monzo
Online bank and commission-free foreign exchange platform will launch its current accounts service in summer 2017
Nordic Capital sells 8.75% stake in Resurs for SEK 980m
Partial divestment comes nine months after the consumer finance company listed with an SEK 11bn valuation
Lovell Minnick buys stake in Trea Asset Management
Deal for the Spanish asset management firm marks the sixth transaction for Lovell's Fund IV
CBPE's Xafinity floats with £190.3m market-cap
Divestment of the pension consultancy generated a 4.3x return for the GP after a four-year tenure
Creandum leads €5.5m round for Pleo
Round adds to DKK 20m raised in September 2016 from early-stage investors, Danish family offices and a foundation
Vision Capital makes 5.2x on Nordax exit
Final sale of Stockholm-listed shares in the consumer finance business comes a-year-and-a-half after Nordax's IPO
Nordic Capital completes take-private bid for Nordnet
Joint holding with investment company Уhman Group holds 98.65% of the company's shares and will delist the company
CVC acquires stake in Pension Insurance Corporation
Deal reportedly values the pensions insurance group at around ТЃ2bn and will see the GP take a 10-20% stake
PE-backed ICBPI nets DB Card Acquiring for €30m
Deal marks the fourth acquisition after the business' PE-backed MBO in June 2015
Sovereign backs MBO of Arachas
Irish insurance brokerage will undertake an acquisitive growth strategy under its new ownership model
Belgium aiming to boost fintech investments
New Belgian-focused fintech initiative will develop close ties with London and bridge the gap between the UK and Europe
Ardian increases stake in Genesi Uno to 75%
GP first acquired a 40% stake in the business in 2005 via its Axa Infrastructure Fund III
PE-backed ICBPI bolts on MPS's merchant payments business for €520m
Deal marks the third acquisition for ICBPI during its private equity ownership
NorthEdge-backed Ramsdens to float with £26.5m market cap
IPO of the UK pawnborker and foreign exchange business will return ТЃ10.6m to existing investors
Metric Capital buys Gruppo Bancario Mediterraneo
Backers include high-net-worth individuals Filippo Cortesi and Nicola Bonito-Oliva
LocalGlobe leads £1.5m round for Cuvva
Insurance technology company will launch its pay-as-you go product later this year
Inflexion backs £40m MyPolicy MBO
Investment in insurance broker marks the first deal made by the 2016-vintage Inflexion Enterprise Fund IV
Valar Ventures and Alven Capital in $1.7m round for Qonto
Valar Ventures and Alven Capital have invested a joint $1.7m in banking platform Qonto through an early-stage round.