Financials
Infinity partially exits Positive Cashflow Finance
Infinity Asset Management has partially exited its 2007 investment in invoice finance provider Positive Cashflow Finance through a funding line from RBS Invoice Finance (RBSIF) and NatWest.
AnaCap sells Cabot to JC Flowers
AnaCap Financial Partners has sold Cabot Credit Management (CCM) to JC Flowers in a secondary buyout worth a reported ТЃ800m.
BlackFin backs finanzen.de
BlackFin Capital Partners has invested in finanzen.de AG, taking a majority stake in the business.
HIG kicks off Nordic activity with Freedom Finance buyout
HIG Europe has completed its first investment in the Nordic region with the acquisition of consumer loan broker Freedom Finance Nordic.
Cinven's Partnership Assurance to float on LSE
Partnership Assurance Group (PAG), a financial advisory company owned by Cinven, has announced plans to float in London in June, in an IPO that could reportedly value the business at up to £1bn.
Aquiline buys Equity Insurance Group
US investor Aquiline Capital Partners has acquired Brentwood-based motor insurer Equity Insurance Group from Insurance Australia Group.
Advent, Bain in £340m WorldPay dividend recap
WorldPay, a card payment services provider acquired by Advent International and Bain Capital in 2010, has secured a ТЃ700m refinancing including a dividend recap for the private equity owners, according to reports.
Enterprise reaps 10x on Magellan
CEE investor Enterprise Investors makes 10x on share sale of Magellan, 10 years after backing the business. The returns come just a week after the GP made 9x on Kruk.
Maven acquires Fundamental Tracker Investment Management
Maven Capital Partners has acquired UK-based alternative asset manager Fundamental Tracker Investment Management Limited (FTIM) from City of London Group.
Enterprise makes 9x on Kruk
Central European investor Enterprise Investors has fully exited its investment in Kruk after a 10-year holding period.
Esure IPO gives firm £1.2bn market cap
Insurance provider Esure has completed its flotation on the London Stock Exchange, which gives it a market capitalisation of ТЃ1.2bn.
RJD's Harrington Brooks acquires customer books in bolt-on
RJD Partners portfolio company Harrington Brooks has acquired customer books from Carrington Dean and The Nostrum Group, marking the company's first expansion following its secondary buyout in July 2012.
Osprey backs Indexx Markets
Osprey Capital has invested in UK-based financial services firm Indexx Markets.
TDR Capital backs MGM Advantage spin-off
TDR Capital has supported the spin-off of annuity specialist MGM Advantage.
Miura Private Equity's Gescobro buys Unitas
Gescobro, a debt management services company backed by Miura Private Equity, has acquired Spanish debt servicing firm Unitas.
Abraaj Capital mulling Acibadem Sigorta sale
Abraaj Capital is planning to sell its 50% stake in Turkish health insurer Acibadem Sigorta, according to reports.
Equistone to buy Meilleurtaux
Equistone has entered into exclusive negotiations with French banking group BPCE regarding the sale of real estate mortgage adviser Meilleurtaux.
Osprey Capital makes 12x money on Allium sale
Osprey Capital has completed its first divestment, reaping an 11.9x multiple on the sale of British advisory firm Allium Capital.
Moscow Exchange IPO sets market cap at $4.2bn
Private equity-backed Moscow Exchange (MICEX) has set its IPO offer price at RUB 126.9bn ($4.2bn).
Finance Wales et al. invest in Vizolution
Finance Wales has led a series-A funding round worth ТЃ750,000 for Welsh software company Vizolution.
Dunedin's Hawksford acquires Key Trust
Dunedin has acquired wealth management business Key Trust Company Ltd through its portfolio company Hawksford.
Omnes backs Groupe Eyssautier MBO
Omnes Capital has taken a stake in the management buyout of French marine and transport insurance broker Groupe Eyssautier.
Verdane acquires Nordic Venture Partners I portfolio
Verdane Capital has wholly acquired the LP interests of Nordic Venture Partners I through its Verdane Capital VII fund.
Palatine invests in Chase Templeton
Palatine Private Equity has invested in British private medical insurance broker Chase Templeton.