Financials
DVCM acquires IT Invest
Da Vinci Capital Management (DVCM) has acquired a 63% stake in Russian online broker IT Invest and increased the company’s capital to RUB 350m.
Kantox raises further €6.5m
Partech Ventures and Idinvest Partners have led a тЌ6.5m series-A funding round for Peer-to-peer FX trading platform Kantox, with support from existing backer Cabiedes & Partners.
Duke Street sells Marlin to Cabot for £295m
Duke Street has sold UK debt purchaser Marlin Financial Group to Cabot Credit Management (CCM) in a deal valuing the company at ТЃ295m.
Ratos' Bisnode picks up Debitor Registret
Swedish business-information firm Bisnode, a portfolio company of Ratos, has acquired Debitor Registret (DBR), a Danish credit information company.
Corsair's NoteMachine secures £76.5m refinancing
GE Capital and Ares Management have arranged unitranche facilities worth ТЃ76.5m for the refinancing of Corsair Capital-backed NoteMachine.
SEP backs Car Loan 4U with £8m
Scottish Equity Partners (SEP) has invested ТЃ8m in Car Loan 4U, a UK online car finance specialist.
Electra backs £180m Ogier MBO
Electra Partners has supported the management buyout of Ogier Fiduciary Services from its parent Ogier Group.
Inflexion deals with Succession
Inflexion has invested in Succession, a UK privately owned wealth management business.
LDC buys Bluestone
LDC has acquired a significant stake in financial services business Bluestone Group.
Balderton leads $7m round for GoCardless
Balderton Capital has led a $7m series-B round for GoCardless, a London-based B2B online direct debit platform, alongside existing backers Accel Partners and Passion Capital.
Luminor Capital backs Next Generation Finance Invest
Singapore-based Luminor Capital has invested CHF 5.5m in Next Generation Finance Invest (NGFI), a listed social trading platform.
Warburg Pincus acquires Source
Warburg Pincus has agreed to acquire a majority stake in London-based asset manager Source.
AnaCap's Aldermore raises £40m ahead of IPO
Aldermore Bank, backed by AnaCap, Honeywell Capital Management and Ohio Public Employees Retirement System, has raised a further ТЃ40m from two hedge funds.
Fintech: throwing down the gauntlet to financial services
Financial technology dealflow is growing at a steady pace and the banks are taking note. Amy King investigates the drivers and challenges behind the fintech revolution.
Investcorp sells TDX for £200m
Investcorp has sold debt placement service company TDX Group to NYSE-listed Equifax for ТЃ200m.
Isis injects £5m into Kingsbridge
Isis Equity Partners has made a ТЃ5m capital commitment to insurance broker Kingsbridge Risk Solutions in exchange for a minority stake.
Fastlane et al. back IQcard
Fastlane Ventures has taken part in a $3.7m funding round for IQcard, a Moscow-based provider of pre-paid bank cards and affiliated services for retailers.
Montagu picks up CEFS from UBS
Montagu Private Equity has acquired Corporate Employee Financial Services International (CEFS International) from UBS.
IK's Vistra buys HVK
IK Investment Partners-backed Vistra Group has acquired the HVK Family Office Services (HVK FOS) division of Netherlands-based consultancy firm HVK.
Duke Street offloads UKWM
Duke Street Capital Partners has sold UKWM to AIM-listed Ashcourt Rowan in a deal valued at ТЃ14.25m.
Inveready leads €800,000 round for iSegurosdeSalud.com
Inveready has led an €800,000 funding round for online health insurance marketing company iSegurosdeSalud.com.
Bregal's Canopius attracts Japanese bid
Bregal Capital-owned Lloydтs of London insurer Canopius Group has attracted a ТЃ600m offer from Sompo Japan Insurance.
Electra's Davies Group acquires Garwyn
Electra Partners has supported the acquisition of liability loss adjuster Garwyn Group by its portfolio company Davies Group.
TDR reaps £145.2m on Phoenix share sale
TDR Capital has sold 22 million shares of listed insurance consolidator Phoenix Group Holdings, raising ТЃ145.2m through the partial exit.