Financials
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 company’s 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 £230m
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
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 £120m
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 £825m 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