Financials
Deal in Focus: NVM injects £2m into Lending Works
Peer-to-peer lending platform is to undertake a recruitment drive
HIG nets 8x on Zmarta exit
Trade sale brings to an end HIGтs consolidation of Freedom Finance in the Nordic region
Smartangels in €3.5m round from Idinvest et al.
Round comes two years after a first €1m funding round for the crowdfunding platform
Horizons Ventures leads $40m series-B for Number26
Battery Ventures joined the round, which also saw participation from existing backers
Octopus invests £1.25m in ClearlySo
Seven existing investors also participated in the round, as well as eight new angel investors
Inflexion's Succession secures fresh £25m funding
Plymouth-based Succession plans to acquire 50 competitors by the end of 2017
Electra exits Elian to Intertrust in £435m deal
Sale of the fund administration business generates a 2.6x return
Abraaj takes minority stake in Fibabanka
CEE-focused GP will join existing backers International Finance Corp and EBRD
Dunedin picks up Kingsbridge for £33m
Kingsbridge was previously backed by Livingbridge, which invested in 2014
Pollen Street backs 1st Stop
Deal marks the second investment for Pollen Street's third fund, which held a first close on ТЃ120m
Equistone-backed Wealth at Work bolts on Affinity
Deal marks the wealth advisory company's first acquisition under the GP's tenure
Frog et al. in $15m round for Azimo
Investment round was led by Japanese e-commerce conglomerate Rakuten
RCapital-backed Morses Club floats with £140m valuation
Private equity firm recoups ТЃ68.5m from the IPO and retains a 51% stake in the business
Savedo raises $5.6m from XAnge et al.
New round brings the total capital raised by Savedo since inception in 2014 to $10m
Baird acquires Bfinance
Transaction comes months after GP exited Alpha FMC, another investment advisory business
PE-backed Mercury buys Intesa Sanpaolo's payment platforms for €1bn
GPs’ syndicate includes buyout houses Advent, Bain Capital and Clessidra
Nordic Capital's Resurs valued at SEK 11bn in IPO
GP completes Stockholm listing of consumer finance business on same day of Tokmanni IPO in Helsinki
AnaCap to acquire Barclays' French retail banking operations
Financial specialist buyout house continues investments in European banking groups
Enterprise-backed XTB valued at €308.9m in Warsaw IPO
Polish Enterprise Fund VI, which holds Enterprise’s stake, did not sell any shares in the IPO
Synova invests £25m in Fairstone
Deal marks first investment for Synova's third fund, which closed on ТЃ250m at the start of the year
CVC, Charterhouse, Permira fully exit Saga
The private equity consortium sold their remaining 32% stake in the company
Via Venture and ATP in DKK 1.6bn exit of Neas to Centrica
Exit comes a year after the Danish pension fund and its in-house PE firm invested DKK 500m
RCapital's Morses Club to float on AIM
UK-based small loans provider is yet to reveal whether IPO will provide GP with exit route
Invoice discounting attracts growing private equity investment
As GPs become increasingly comfortable with alternative lending, those serving the small-cap market are gaining attention too