Sector
Bowmark, LDC sell Node4 to Providence
IT business was expected to fetch a valuation in excess of £300m, based on a 15x multiple
OTPP, KKR to buy Caruna from First Sentier Investors, Omers
Following deal completion, KKR and Ontario Teachers' will each own 40% in the company, followed by AMF Pension with 12.5%, and Elo Mutual Pension Insurance Company with 7.5%.
Biotech market provides dose of optimism
In the past year, the biotech market has seen buoyant activity, reaching record levels of investments
Synova sells Tonic Games to Epic, nets 200% IRR
Exit closely follows that of Fairstone Group to TA, which resulted in a 4.5x return
CBPE invests in Mindera
Software systems developer is the GP's first investment from its £561m CBPE X vehicle
Tikehau to become majority shareholder in Cruiseline
Following the deal, Montefiore retains a minority stake and a seat on the company's board
Beyond Black holds first close for Pledge Fund I
Following the €20m first close, the Berlin-based VC aims to launch a larger cleantech-focused fund
Inflexion invests in DR&P Group
GP is acquiring a majority stake in the insurance broker via Inflexion Enterprise Fund V
Tiger Global et al. in €178m round for Vestiaire Collective
Previous backers Eurazeo, BPI France and Vitruvian Partners also take part in the investment
Kartesia takes control of ADL Biopharma
Company's board of directors is reduced to three seats and Ignacio Urbelz is appointed as new CEO
Monterro buys e-health software provider Bliksund
Company is looking to expand in Sweden, Denmark and the UK first, but also further abroad
Virgin Wines floats in £110m IPO, Connection reaps 7.6x
Mobeus remains invested in the business, while Connection makes a full exit
Global PayTech Ventures invests €4m in Subaio
Deal is Global PayTech’s first investment and will help Subaio expand into new European markets
LDC backs WCCTV with £30m investment
Company plans to use the fresh capital to further accelerate its international expansion and launch new products
Ergon forms SPV for fire protection business SVT
GP's €270m fund will invest only in the fire protection company, which Ergon bought from IK in 2017
Norvestor acquires Finnish water management firm Envera
Norvestor partner Per-Ola Baalerud said in the press report that the GP aims to increase Envera’s turnover five-fold within four to five years
LDC invests in Phoenix Datacom
As part of the transaction, Phoenix Datacom extends its banking facilities with Lloyds Bank
Platinum-backed Cision buys Brandwatch for $450m
Brandwatch raised around $65m over three funding rounds from VCs including Partech and Nauta
Inflexion secures majority stake in Pangaea Laboratories
Beauty product developer owns the Medik8 brand, which generated revenues of £18.9m in 2020
L Catterton acquires Birkenstock
German footwear company is reportedly valued at around €4bn and drew interest from several PE buyers
Hiro Capital invests $15m in three gaming studios
Funding will help the studios expand their development pipelines and accelerate global growth
Partners Group buys Parmaco from Terra Firma-led group
Vendors reportedly sought a valuation of between €800m-1bn for the company
P101 invests €6m in series-B for Bipi Mobility
P101 deploys capital from its Programma 102 and Italia 500 vehicles for the deal
ND Group leads financing round for EGo Mobile
ND Group acquired the electric vehicle producer in August 2020 after its self-administration process