Financials
Lincoln hires three for financial services team
London-based Antoine Dupont-Madinier and Max Cornu-Thenard have joined from Panmure Gordon
Digital Horizon set for USD 200m Fund II first close in Q2 2022
VC started marketing the fund in December 2021 and has USD 100m in soft commitments to date
Oaktree explores Ascot Lloyd sale advised by Houlihan Lokey
A sale process of the UK wealth manager group is slated to kick off towards or into the second half of the year
Motive, CPP Investments in USD 1.4bn equity raise for FNZ
The deal values the London-based wealth management platform at more than USD 20bn
Permira, Blackrock lead USD 312m round for GoCardless
Europe's new tech unicorn reaches a valuation of USD 2.1bn following latest funding round
TA Associates prepares Odealim for H2 exit
Lazard is likely to be mandated for the sale of the French insurance brokerage firm
Activa acquires Rhétorès, Cap Fidelis
GP plans to be ahead of the consolidation phase in the financial advisory market, which it believes is underway
Polaris V holds final close on EUR 650m hard-cap
Fund has EUR 690m to deploy including the GP commitment, and has made five platform investments
Cinven acquires Vitruvian-backed International Financial Group
Isle of Man-based insurance group comprises Ardan International, RL360 and Friends Provident International
MML exits Waystone to Montagu, Hg for 11x money
Exit also sees 164% IRR and has returned 100% of the committed capital in MML Fund VI
CBPE Capital invests in Direct Commercial Group
Company's founding CEO remains the majority shareholder in the insurance broker
Blossom holds USD 432m final close for third fund
VC will continue its focus on Series A investing in Europe, backing sectors including cryptocurrency
Pollen Street, BC Partners consider IPO for Shawbrook Bank - report
UK-based retail and commercial bank could achieve a valuation higher than GBP 1bn if floated or sold this year, according to reports
PE-backed Ardonagh secures further investment at USD 7.5bn valuation
US private equity houses HPS and MDP merged five insurance firms to form Ardonagh in 2017
Hg invests in Bowmark-backed Pirum
Hg and Bowmark share joint control of Pirum with the company's management team retaining a significant stake
VCs support USD 475m first close of Monzo's latest round
Bank is expected to raise more than USD 500m on the round's second close at a USD 4.5bn valuation
CVC ends discussions with Intertrust
CVC had intended to combine the trust services firm with existing portfolio company TMF
Intertrust draws interest from Apex Group
Rival approaches took place after Intertrust unveiled an exclusivity agreement with CVC on 12 November
Advent, Centerbridge to launch Aareal Bank takeover
Advent already owns a stake in Aareon, the property ERP software unit of Aareal Bank
Vistra catches Warburg Pincus's eye in bilateral sale talks
Appetite for corporate and fund administration businesses has picked up in recent months
Intertrust gathers interest from other suitors following CVC offer
Several parties have submitted proposals at offer prices of up to EUR 22 per share
Worldline's sale of TSS to Apollo stalls over deal terms
Apollo's offer was estimated to be a little short of EUR 2.5bn when it entered exclusive negotiations over the summer
Advent International and Eurazeo acquire Datatrans
GPs plan to combine Datatrans with Planet to create a global integrated payments group
Metro Bank confirms possible offer from Carlyle
UK-based lender currently has a market cap of GBP 251.6m