Financials
Apax exits Travelex
Company will retain existing capital structure post-transaction
PE-backed Saga raises £550m in IPO
PE backers grant overallotment option
Kensington attracts buyout bidders
Sale comes as UK property market continues to over-heat
Saga announces expected price range of LSE flotation
Offer price to range between 185-245 pence
RRJ et al. invest €1.27bn in ING's NN ahead of planned IPO
Investment comprises €150m in equity at time of IPO and €1.125bn in convertible notes
Saga announces plans to raise £550m in IPO
Proceeds will be used to pay down net debt
Anima IPO pricing gives firm €1.26bn market cap
Italian asset manager is backed by Clessidra
Apax sells Buy Way Personal Finance
GP acquired 50.5% stake in 2010 carve-out from BNP Paribas
Bima raises $22m from LeapFrog et al.
Round includes investments from Leapfrog and Kinnevik
Clessidra's Anima to pursue IPO
Flotation could value the firm at up to €1.3bn
CVC and Apollo's Brit valued at £960m in IPO
Both GP owners sell shares in offering
EMF picks up Aviva's Turkish business
Deal part of Aviva's strategy to focus on core markets
LDC invests in CEL Procurement
Mid-market buyout house LDC has invested in procurement services business CEL Procurement.
Greycroft leads $10m round for Azimo
Azimo money transfer services "85% cheaper" than high street banks
Palatine-backed Chase Templeton shapes up with Health Assist
Portfolio company completes 13th bolt-on in as many months
Partners Group elects Peter Wuffli as chairman
Peter Wuffli, Partners Group
ECI backs £57m Avantia buyout
Home insurer trades under the HomeProtect brand
TA Associates sells off remaining Jupiter stake
Jupiter's current market cap ТЃ1.85bn
Apollo and CVC seek IPO of Brit Insurance
IPO expected to value the business at around ТЃ1bn
Permira's Bestinvest bolts on Tilney's regional businesses
UK wealth manager Bestinvest, backed by Permira, has acquired the regional businesses of Tilney from Deutsche Bankтs asset and wealth management division.
Isis invests in Enterprise Finance
Isis Equity Partners has made a minority investment in specialist loan distributor Enterprise Finance, in a deal that values the business at ТЃ28m.
Gresham sells LAS Claims Management for £35m
Gresham Private Equity has sold LAS Claims Management to LSE-listed The Innovation Group in a ТЃ35m deal.
Doughty's TMF takes full control of Custom House
Doughty Hanson-backed TMF Group has acquired a further 49% holding in Custom House Global Fund Services, securing full ownership of the business.
Sentica picks up Secto Automotive
Sentica Partners has acquired a majority stake in Finnish car-leasing company Secto Automotive.