Financials
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 Cinven’s 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 £275m.
Cinven in talks for Guardian Life Insurance
Cinven is set to buy Aegon’s Guardian Life Insurance in a £250m 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.
PE-backed Small World acquires Choice Money Transfer
UK-based money transfer operator Small World, a portfolio company of FF&P Private Equity and MMC Ventures, has acquired rival business Choice Money Transfer.
Terra Firma preparing bid for RBS aviation
Terra Firma is preparing a £4bn bid for Royal Bank of Scotland’s (RBS) aircraft leasing business, according to reports.
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.
TDR buys Lowell Group from Exponent
TDR Capital has acquired Leeds-based debt purchasing specialist Lowell Group from Exponent Private Equity.
Nordic Capital eyeing Point International sale
Nordic Capital is believed to be looking to sell Swedish payment service provider Point International, according to reports.
Apax, CVC and KKR in talks to acquire 20% of Caser
Private equity firms Apax Partners, CVC Capital Partners and KKR are at a critical stage in their talks with Caser about purchasing a 20% stake in the Spanish insurance firm.
Blackstone et al consider BMN investment
Blackstone, Lone Star and Cerberus are among the private equity firms which have offered to invest in major Spanish financial group BMN.
Blackfin et al invest €57m in Kepler
BlackFin Capital Partners has led a €57m investment in Kepler Capital Markers, a pan-European equity and fixed income broker.
Bregal named as mystery suitor for IFG
The firm eyeing up IFG Group plc is said to be Bregal Capital, according to a source close to the deal.
AnaCap buys Cabot Financial from Citi
Specialist financial services investor AnaCap Financial Partners has acquired consumer debt purchasing firm Cabot Financial from Citi for an undisclosed amount.
Horizon Capital acquires stake in UkrFinance
Horizon Capital has acquired a stake in Ukraine debt collection business UkrFinance.
Eurazeo to acquire OFI Private Equity
Eurazeo has agreed to acquire French listed private equity firm OFI Private Equity, in a deal that values the business at €132m.
Index invests £2.5m in Funding Circle
Index Ventures has provided UK-based social lending platform Funding Circle with a £2.5m series-A round of funding.
Wendel acquires Parcours
Private equity firm Wendel has acquired a 95% stake in French vehicle leasing company Parcours for €107m.
CBPE backs HSBC Insurance buyout
Mid-market investor CBPE Capital has funded the acquisition of HSBC Insurance Management (HIM) for $27.5m.
Apax and Bridgepoint team up again on CEP buyout
Apax Partners and Bridgepoint Capital are teaming up to buy French mortgage insurance services company Compagnie Européenne de Prévoyance (CEP) from PAI Partners, according to media reports.