Technology
VC-backed Cazoo acquires Target Global-backed Drover
Cazoo generates revenue of £150m and has a valuation of more than £2bn
TCV leads $130m round for Spryker
Series-C round values the Germany-headquartered e-commerce software platform at more than $500m
Draper Esprit leads $30m round for CoachHub
Round is also backed by HV Capital, Partech, Speedinvest, Signals Venture Capital and RTP Global
Toscafund, Penta to acquire TalkTalk for £1.1bn
Consortium offered 97 pence per share, a premium of 16.4% on the unaffected share price of 83.3 pence
Omnes buys minority stake in Tennaxia
Company will use investment to step up cross-selling strategy, strengthen sales teams, and attract new customers
Silversmith invests $60m in Microblink
General partner Sri Rao has joined the company's board of directors as part of the investment
D1 leads €150m round for Bolt
Bolt will use the funds to enhance the safety and quality of its products as it grows in Europe and Africa
Accel leads $21m round for Taxdoo
Series-A for the online retail VAT software is also backed by Visionaries Club, 20VC and HTGF
Providence buys La Centrale
Following the deal, which is expected to close in Q1 2021, Axel Springer will retain a minority stake
EQT Ventures, Creandum lead €1.5m seed round for Kive
AI startup will use the funding for product development and to strengthen its team in Europe
Main-backed Hype buys HPL
Acquisition of the corporate idea management software is Hype's first since Main invested in 2019
AnaCap acquires Novia
Total equity in the business was worth £26.7m as of April 2020, according to Companies House
Main Capital acquires Perbility
GP is investing via Main Capital VI and sees buy-and-build opportunities for the HR software
Maven buys Envitia for £17m
Envitia, a geospatial technology provider, reported £6m in revenues and £998,000 in EBITDA in 2019
Twenty20 appoints Folwell-Davies
Folwell-Davies joins from Deloitte where she led the firm's human capital services M&A practice
Montagu acquires Capita's ESS, invests in ParentPay
Completion of the ESS sale is subject to approval from Capita's shareholders
Borromin sells Guntermann & Drunck to Naxicap
SBO will result in returns of 3.9x money and 30% IRR, according to a source close to the situation
WestBridge buys Eque2 for £46.5m from LDC
Between 2017 and 2020, the business increased revenues by 29% and EBITDA by 85%, according to a statement
Rockpool invests in Xiatech
Martin Moran joined Xiatech’s board at completion of the deal as chairman
Eurazeo Growth, Dawn Capital lead €85m round for Tink
Other investors include HMI Capital, Paypal Ventures, Heartcore and Opera Tech Ventures
Octopus, BGF lead $24m round for Orbex
Existing investors High-Tech Gründerfonds, Heartcore Capital and Elecnor also participated
HVD Partners sells Solifos to trade
Turnarounds specialist scores 9x MM and an IRR of 135% on the sale, according to a statement
Digital+ Partners leads VMRay series-B extension
Round brings the malware detection software's series-B to $25m; eCapital has also invested
ECI sells Arkessa to trade for 2.1x return
Arkessa was held in ECI Partners' 10th fund, which closed on £500m in 2014