Financials
Parquest invests in Eres
Transaction marks sixth investment made with Parquest's first fund, which nears full commitment
Montagu buys Universal-Investment
Company claims it quadrupled its assets from €70bn to €280bn in the last 10 years
Northzone leads €4m series-A for Zervant
Finnish e-invoicing startup raises institutional funding from Nordic VCs Northzone and Conor
Avedon Capital exits Tesch Inkasso
GP acquired the business in 2012, aiming to implement a buy-and-build strategy
Inflexion-backed Global Reach acquires FC Exchange
Deal for the consumer-focused FX business is the acquirer's first bolt-on under Inflexion
Deal in Focus: Naxicap acquires Texa from Apax
Following a successful buy-and-build strategy, Apax decided to divest the business rather than commit to a further three years of ownership
Littlerock in FinTecSystems’ series-A
FinTecSystems claims one in five consumer loans is now being processes online
Cinven’s Ergo buys Old Mutual Wealth Italy for €278m
Deal follows the GP’s expansion plan for its portfolio company Ergo Italia
Seed Capital and SEB lead $4m series-A for Coinify
Funding round follows two years after the Danish bitcoin startup first raised VC capital
JZCP sells Fidor Bank stake to BPCE for $34.3m
Following the integration into a larger bank, the startup hopes to continue its expansion
Eurazeo invests in AssurCopro
Management and founders retain shares in the group alongside Eurazeo PME
Apax Partners sells Texa to Naxicap Partners
Transaction marks the fifth buyout for the insurance specialist group since 2004
MCI leads £7.2m round for MarketInvoice
Deal marks the latest in a string of investments in the P2P lending space
Exporo raises €8.2m from EVentures et al.
Fresh capital will go toward the expansion of staff and marketing efforts
Oxford leads $1.75m round for Moneybox
Savings and investments app will launch in the coming months
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 HIG’s 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