Financials
HTGF leads series-A funding for Bonayou
High-Tech Gründerfonds and "make a startup angel fund" GmbH have invested in PL Gutscheinsysteme's non-cash-gift-voucher card Bonayou.
Summit invests in German trading platform 360T
Summit Partners has invested in the German multi-bank, multi-asset trading platform 360T Group.
General Atlantic takes minority stake in FNZ
Growth equity provider General Atlantic has acquired a minority stake in HIG portfolio company FNZ, a London-based investment services firm.
Darwin backs MBO of A&A Group
Darwin Private Equity has backed an MBO of insurance broker the A&A Group.
Coller buys Crédit Agricole PE unit and funds
Coller Capital has agreed to acquire fund manager Crédit Agricole Private Equity (CAPE) from Crédit Agricole, as well as the bank's interests in the funds it manages.
Equistone exits Firstassist Legal Expenses
Equistone Partners Europe has sold insurance firm Firstassist Legal Expenses for approximately ТЃ28m to investment capital and risk solution firm Burford Capital.
Earlybird's smava.de teams up with bank
Earlybird portfolio company smava.de has entered a strategic partnership with Fidor Bank AG.
CVC makes bid for Phoenix
CVC is thought to have made a bid for UK life assurer Phoenix Group, in a deal that could be worth over ТЃ800m.
CVC linked to £4bn RBSI bid
CVC Capital Partners has reportedly made a bid for RBS Insurance (RBSI), which could provide the largest European buyout this year if successful.
JC Flowers acquires Belgium's Fidea for €243.6m
KBC Group has signed an agreement to sell Belgian insurance provider Fidea to JC Flowers, in a deal worth a total of €243.6m.
Pemberton Capital launches first fund
Pemberton Capital has announced the launch of its maiden fund, Pemberton European Services Fund I, with a €500m target.
Augur Capital to buy Ageas' German life insurance division
Augur Capital has signed an agreement to buy the German life insurance business from Belgian insurer Ageas Insurance International NV.
Palamon and Electra exit SAV Credit
Palamon Capital Partners and Electra Private Equity have exited sub-prime credit card provider SAV Credit.
BPE sells FirstAssist; Ninth exit in 2011
Barclays Private Equity has sold FirstAssist Insurance Services Ltd. for ТЃ71m to healthcare provider Cigna.
123Venture et al. in Vérifimmo MBI
123Venture, LCV Finance and David Hamelin have wholly acquired French insurance business Vérifimmo for an undisclosed amount.
TPG invests in Saxo Bank
TPG Capital has bought a 30% stake in Danish online investment banking platform Saxo Bank from existing investors.
PE takes key role in financial services consolidation
With Cinvenтs acquisition of Guardian Financial Services this week, we are once again reminded of the pressure facing financial services organisations and the opportunities this presents for private equity investors.
Cinven buys Guardian from Aegon
Cinven has acquired UK life and pensions provider Guardian Financial Services from Aegon for ТЃ275m.
Cinven in talks for Guardian Life Insurance
Cinven is set to buy Aegonтs Guardian Life Insurance in a ТЃ250m deal.
Augur acquires Pall Mall Investment Management
Augur Capital has acquired a majority stake in German asset management firm Pall Mall Investment Management for an undisclosed amount.
TA Associates takes 50% stake in DNCA Finance
TA Associates has secured a 50% stake in French asset management firm DNCA Finance for an undisclosed amount.
Aegon set to sell life assurance arm
Aegon plans to sell its Guardian life assurance arm for more than $400m, according to Reuters, with a number of private equity players thought to be interested in the firm.
Carlyle et al circle Spain's Mare Nostrum
Buyout firms Carlyle Group, Apax Partners, Cerberus Capital Management and TPG have placed first-round bids for a stake in Spanish savings bank group Mare Nostrum.
JC Flowers in talks to buy €1bn CAM stake
US private equity firm JC Flowers is in negotiations with Spanish savings bank Caja de Ahorros del Mediterraneo (CAM) to buy a stake for between €400m-1bn.