Technology
Hg eyes exit from software and services group IRIS
Company could be marketed off annual EBITDA of more than GBP 110m; unclear whether co-owner ICG would seek an exit
Investcorp exits Agromillora to Edify
GP invested EUR 30m in growth initiatives since entry in 2016; founders of the Spanish plant propagation services group are reinvesting
Ardian readies Dedalus for controlling stake sale
Morgan Stanley and UBS are preparing an auction for the Italy-based hospital software group
Livingbridge buys Nourish Care Systems
GPтs investment will aim to further develop the UK-based provider of digital care planning software to the social care sector
Altor Equity acquires minority stake in Svea Solar
GP becomes lead investor in the Swedish cleantech with purchase of all shares owned by Axel Johnson-backed Axsol
DBAG acquires Akquinet
Listed German GP said in a statement that it has now invested in five IT service businesses to date
Apax leads GBP 175m round for ClearBank
Clearing and embedded banking platform is the first deal from the GPтs USD 1.75bn Apax Digital II
GRO Capital holds EUR 600m final close for Fund III
B2B software-focused fund is more than twice the size of its EUR 255m, 2018-vintage predecessor
KKR hires Workday co-CEO as tech advisor
Chano Fernandez will focus on the enterprise application software segment in Europe and the US
Advent acquires minority stake in Medius
Marlin Equity is reinvesting with a majority stake in the Swedish spend management software company
Hg gears up for MEDIFOX DAN exit
Houlihan Lokey will advise on the sale of the healthcare software group, which has already seen interest from large sponsors
WestBridge acquires Smart Capital Technology in MBO
GP invests GBP 17m following competitive auctions for IT services organisation company
Capital D-led consortium acquires Phrasee
GP is joined by Morgan Stanley Expansion Capital, Keyhaven Capital, family offices in deal for AI-power copywriting group
Motive sells Global Shares to JP Morgan
Deal generates around 10x return on invested capital and values the Irish equity compensation software solutions at USD 750m EV
Dawn Capital eyes two new funds
Software-focused VC makes early-stage deals; its Opportunities funds back its later-stage portfolio
IK taps Lincoln for 2Connect exit
Auction for Dutch cable and connectors manufacturer is expected to launch by Q2 2022
Corsair exits RGI to CVC
Financial services-focused sponsor Corsair acquired the insurance software firm from Ardian in 2018
Nord Holding launches Small-Cap Fund
Small-Cap strategy will be led from Frankfurt by former VR Equitypartner executive Jan Markus Drees
Corsair-backed IDnow explores sale advised by Goldman Sachs
Auction for German biometric and digital identity provider is expected to launch in Q2 2022
Disruptive leads USD 250m round for Forto
Latest round brings the supply chain and logistics software platform's valuation to USD 2.1bn
Gilde Equity Management explores Avinty exit advised by Arma
Sale documents for the Dutch healthcare software provider are expected in Q2 2022
Sure Valley's new VC fund holds first close on GBP 85m
British Business Bank has committed GBP 50m for the UK software-focused vehicle
Investcorp acquires cybersecurity company HWG
Founders of the Italy-based business will have a substantial minority stake alongside the GP
Scout24 back on PE radar as tech rout provides fresh opportunity
Several buyout groups have revived interest in a possible bid for the Frankfurt-listed real estate marketplace