Financials
Pollen Street backs 1st Stop
Deal marks the second investment for Pollen Street's third fund, which held a first close on £120m
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 £68.5m 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 £250m 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
Altor takes 25% stake in Skandiabanken for NOK 1.2bn
The deal is a continuation of Altor’s ongoing strategy of public minority investments
Spring Ventures invests £20m in BIMBO of IGF
Provider of SME financing will undertake a recruitment drive and expand across the UK
AnaCap reaps 4.5x on Simply Business exit to Aquiline
Secondary buyout reportedly values the online insurance broker at around £120m
Bain and Advent sell down £740m stake in WorldPay
The GPs will retain a 28% stake in the company following the divestment
Scalable Capital raises €7m from Holtzbrinck et al.
The funding round brings the total capital raised to €11m
Palamon scores 13x on £600m Towry sale
Permira-backed Tilney BestInvest won the competitive process, which attracted strong PE interest
UniCredit and Anthemis set up fintech partnership
The partnership sees UniCredit committing €200m, to be invested in fintech startups
Inflexion picks up Global Reach
Following the management buyout, Global Reach will pursue an acquisitive growth strategy
LendInvest receives £17m series-B from Atomico
LendInvest provides loans for property developers and landlords