Financials
Deal in Focus: Horizon Capital reaps 3.2x on Platinum exit
Horizon Capital has sold Ukrainian consumer loan provider Platinum Bank to a consortium of financial investors, after a seven-year holding period that saw the bank re-branding and re-focusing its strategy.
Prostor and Flint invest $3m in Federal Finance
Prostor Capital and Flint Capital have jointly invested $3m in Holding Federal Finance Group, a group of Russian providers of remote online financial services.
Alchemy offloads InterGlobal
Alchemy Partners has divested international medical insurance provider InterGlobal to NYSE-listed Aetna.
Horizon Capital and East Capital exit Platinum
Horizon Capital and East Capital have sold retail lending bank Platinum to a consortium of investment funds and financial investors, including the European Infrastructure Investment Company.
JC Flowers buys Eurovita for €47m
JC Flowers has acquired a 79.6% stake in life insurer Eurovita Assicurazioni from listed insurance firm Aviva and Banco Popolare for €47m.
Vitruvian backs RL360 carve-out
Vitruvian Partners has backed the management buyout of Royal London 360 (RL360) to allow the subsidiary to split from its parent company Royal London Group (RLG).
BlackFin buys HyperAssur and creates Comparadise
Financial services-focused investor BlackFin Capital Partners has acquired online insurance comparison site HyperAssur, as it continues to consolidate the financial aggregator market in France.
SBT launches fintech-focused VC fund
SBT Venture Capital, a new fund focused exclusively on investments in the financial technology (fintech) space, has launched with $100m in capital.
FTV acquires stake in World First
FTV Capital has acquired a significant minority stake in London-based foreign exchange business World First.
Permira's Just Retirement valued at £1.1bn in IPO
Permira-backed Just Retirement has begun trading on the London Stock Exchange at ТЃ2.25 per share, giving the business a market cap of ТЃ1.125bn.
Penta's GRP receives £55m
Global Risk Partners (GRP), backed by Penta Capital, has received ТЃ55m in funding to launch as a London market consolidator.
Permira picks up 3i's Bestinvest
Listed-firm 3i has sold UK wealth manager Bestinvest to Permira.
Saga expected to raise £3bn in IPO
Saga, part of Acromas, backed by CVC, Charterhouse and Permira, has hired STJ Advisors in advance of an expected ТЃ3bn public offering.
Funding Circle raises $37m in series-C round
UK-based crowdfunding platform Funding Circle has raised $37m in a series-C round led by Accel Partners.
Wonga buys VC-backed Billpay
Cash lender business Wonga, backed by a consortium of venture capital firms, has acquired online payment business Billpay, a portfolio company of numerous German VCs.
Goldman Sachs sells Rothesay stake to Blackstone et al.
Goldman Sachs has sold a majority stake in UK-based life insurer Rothesay Life to Blackstone, GIC and Massachusetts Mutual Life Insurance Company (MassMutual).
KfW backs Schutzklick
KfW has invested in German start-up Schutzklick, a provider of gadget insurance, alongside business angels and family offices.
Goldman's Hastings in £416.5m refinancing
Hastings Insurance Group, which recently secured investment from Goldman Sachs, has placed a ТЃ416.5m senior secured bond on the Irish Stock Exchange.
Goldman Sachs in £700m Hastings deal
Goldman Sachsт Merchant Banking Division (GS MBD) has acquired a 50% stake in Hastings Insurance Group in a deal valuing the company at ТЃ700m.
Runa Capital invests $2m in Rocketbank
Russian VC Runa Capital has backed Rocketbank, a Russian mobile banking service provider, with a $2m investment.
eVenture backs Azimo
Global VC firm eVenture Capital Partners (formerly BV Capital) has invested approximately $1m in Azimo, a UK-based online money transfer service provider.
Corsair-led consortium buys RBS branches
A consortium of financial buyers comprising Corsair Capital, Centerbridge Capital, RIT Capital Partners and the Church Commissioners has bought up 314 RBS branches for ТЃ600m.
KBC sells German division to Apollo et al.
Belgium’s KBC Bank has sold its German stand-alone subsidiary, KBC Bank Deutschland (KBCD), to a consortium of investors including Apollo Global Management and Grovepoint Capital.
Apollo buys Evo Banco for €60m
Buyout firm Apollo Global Management has wholly acquired Spanish retail bank Evo Banco from NCG Banco for €60m.