Technology
Illumnina Ventures closes second fund on USD 325m
VC operates independently from US business Illumina, a genetic variation and function technology firm
Sorare raises USD 680m Series B led by Softbank
Round follows a USD 50m Series A and gives Sorare a post-money valuation of USD 4.3bn
Lansdowne in USD 45m round for Raspberry Pi
Computer producer has a USD 500m pre-money valuation and plans to accelerate its product development
Permira's Exclusive Networks readies EUR 370m Paris IPO
Pricing of the offering is expected to take place on 22 September 2021
GP Profile: HPE Growth sets the stage for next fundraise
Manfred Krikke and Tim van Delden on the firm's growth plans, fundraising intentions, and the importance of European digital technology
General Atlantic leads USD 150m Matillion round at USD 1.5bn valuation
Series E brings the total amount raised by the business to USD 310m
Oakley invests USD 35m in Seedtag
Deal sees Oakley acquire a minority stake in the business
Accel leads USD 140m round for CommerceTools
Series C follows the company's USD 145m funding round in 2019, which was led by Insight Venture Partners
Pictet holds USD 350m final close for Technology Fund
GP intends to launch a healthcare- and biotech-focused thematic fund in early 2022
Nordic Capital invests in Qred
Small business lending platform is the third investment from the GP's Evolution Fund
HIG to collect first-round bids for Conet next week
Mid-cap private equity firms are taking an interest in the asset, sources say
Providence to acquire Apax's Marlink for USD 1.4bn
Both firms announced in August that they had entered exclusive negotiations
Aeternum et al. invest in Hg's Visma at EUR 16bn EV
Deal sees Aeternum Capital, Government Pension Fund Norway (Folketrygdfondet), Vind and GIC invest
KKR fully exits SoftwareOne
KKR took 25% in the company in 2015; it listed in 2019 and now has a CHF 4bn (EUR 3.6bn) market cap
Jolt Capital holds EUR 271m final close for fourth fund
Fund surpassed its EUR 250m target and is more than three times larger than its EUR 83m predecessor
Apax, Warburg team up for EUR 5.1bn T-Mobile Netherlands deal
Deal values the Dutch telecoms operator at 8.7x its last-12-month adjusted EBITDA
IQ Capital lines up next fundraise
Deep-tech specialist has registered IQ Capital IV, the successor to its $175m third effort
DocPlanner raises round valuing business at USD 1bn
Another undisclosed round is expected within the next year, sources say
Accedo sponsor SEB taps Raymond James for exit
SEB Private Equity acquired a majority stake in the company in June 2016
Livingbridge explores M247 piecemeal sale
Livingbridge reinvested in M247 in partnership with Ares in March 2020
Apax secures minority stake in Hifield Group
Apax invests via its Development Fund, which held a final close on EUR 255m in January 2020
Marlink to be acquired by Providence
Apax bought the satellite communications company back from Airbus in 2015 for EUR 450m
Montagu sells Servelec to PE-backed Access Group
GP acquired the health and social care software developer in a GBP 223.9m take-private in 2018
Guidepost leads USD 150m round for Atheneum Partners
Existing investors including Crosslantic Capital have also backed the research platform