Financials
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
Insight Partners leads USD 125m Series C for Moonfare
Moonfare exceeded EUR 1bn in assets under management in September
Marlin Equity readies Collenda for auction
Raymond James is advising on the process, which could kick off before year-end
Will private equity bank on rising interest rates?
Sponsors want in on banking businesses before greater confidence in asset quality and interest-rate hikes increase valuations
EQT invests in Vitruvian-backed CFC
EQT IX is expected to be 70-75% invested following the deal
Third Point, Coatue lead USD 900m round for N26
Digital bank is now valued at more than USD 9bn, versus USD 3.5bn at the time of its previous round
Bowmark fully exits Aston Lark in Howden sale
GP supported the MBO of Aston Scott in 2015, adding on Lark Group two years later
RGI sale by Corsair Capital draws CVC, Nextalia interest
Carlyle, Investindustrial and TA Associates are also among the sponsors showing initial interest
CFC Underwriting attracts Blackstone Group and OTPP
A deal could value CFC at an EBITDA multiple in the high teens or north of 20x
Golding launches debut impact fund with EUR 300m target
Golding hired Andreas Nilsson and Nina Freudenberg to lead its new impact strategy earlier this year
Sovereign acquires Aquitaine Group, makes two bolt-ons
Add-ons are part of the private trust and corporate services provider's consolidation strategy
Nordic Capital invests in Qred
Small business lending platform is the third investment from the GP's Evolution Fund
Hg buys majority stake in Waterland-backed Serrala
Waterland acquired the B2B financial automation software in 2016 and will retain a minority stake
Valar Ventures leads USD 263m round for Bitpanda
Round brings the aggregate value of growth and VC deals in Austria in 2021 to more than EUR 1bn
Sanne board to recommend Apex offer
Should Apex make a firm offer, Cinven would have to significantly up its own bid for the fund administrator
Lonsdale sells Charles Cameron to Penta's Socium Group
Third exit announced by Lonsdale this year, and the second from its 2016 fund
Three Hills sells ACT stake to Bridgepoint in USD 1bn deal
GP invested EUR 60m for a minority stake in the environmental commodities trading platform in 2018
EQT explores strategic options for Banking Circle
Options include a private sale and a merger with a blank-cheque company, as well as a listing via IPO
Palatine sells Wren Sterling in Lightyear-backed MBO
Wren Sterling was created in 2015 through the Palatine-backed MBO of Towergate Financial
Revolut raises USD 800m Series E at USD 33bn valuation
Company becomes the second most valuable fintech in Europe, behind Sweden's Klarna
Charterhouse to exit Siaci Saint Honoré to OTPP et al.
OTPP, Cathay, BPI France and Ardian back the deal and SSH's merger with market peer Diot
Montagu buys Waystone from MML
Acquisition of the fund advisory firm is Montagu's third SBO of 2021, according to Unquote Data