UK Unquote
Sovereign backs MBO of Arachas
Irish insurance brokerage will undertake an acquisitive growth strategy under its new ownership model
Advent sells remaining 12.1% stake in DFS for £58.5m
Divestment values shares in the sofa retailer at 24% less than when the GP sold a 14% stake 10 months ago
Bregal Sagemount closes second vintage on $960m
Bregal's second fund is its first private equity vehicle to seek commitments from outside investors
SL Capital hits £516m final close for maiden infrastructure fund
Fund launched in June 2014 with a ТЃ400m target and already has four portfolio companies
Lyceum acquires Timico in deal worth more than £50m
Acquisition of the IT business marks the GP's second investment in the sector over the past seven months
Great Hill sells Momondo to The Priceline Group for $550m
Transaction values the online travel search business at more than three times its valuation at the time of the GP's initial investment
Endless and GCP sell Excelsior to Mondi for £33m
Deal comes four years after GCP first backed the packaging company and two year after Endless's initial investment
Silicon Valley Bank hires Rees as market manager
Gavin Rees joins the US-based high-tech-focused commercial bankтs UK office
BGF hires Lloyds' Gibson
Fiona Gibson joins the Business Growth Fund as a portfolio specialist
Waterland opens UK office to capitalise on Brexit
Dutch GP will look to expand UK companies into Europe as part of a currency-related investment thesis
Patron, Heineken set for £1.8bn Punch Taverns take-private
Private equity house will join trade investor Heineken to acquire the pub business, which will be divided between the parties
Inflexion invests in Medivet
Deal is the latest in a number of private equity investments in the veterinary sector
Dunedin sells Steeper's BeBionic to Ottobock
Sale of the prosthetics company's division is the final exit for the GP's 2000-vintage debut fund
Deal in Focus: Epiris sells Audiotonix to Astorg
Sale of the audio mixing console business will generate a return of 4.8x and IRR of 51% for the vendor
Oxford Capital leads $1.8m round for Spoke
British VC was joined in the round by Forward Partners and Seedcamp
Beechbrook closes UK SME fund on £150m
Alternative debt provider will also open an office in Manchester in the first half of 2017
NorthEdge-backed Ramsdens to float with £26.5m market cap
IPO of the UK pawnborker and foreign exchange business will return ТЃ10.6m to existing investors
ECI divests stake in Clarke Energy to Kohler
Deal is widely reported to value the energy equipment business between ТЃ300-350m
Primary Capital's Maru acquires Usurv
Deal value and financial terms for the bolt-on were undisclosed
Phoenix invests in Rayner
Deal for opthalmic implant business marks the second investment from Phoenix's 2016-vintage fourth vehicle
BGF invests £10m in Frontrow
Oil and gas services business will invest in the development of Scottish energy-related tech companies
Bridgepoint acquires Zenith from HgCapital in £750m deal
Transaction marks the sixth period under private equity ownership for the car leasing company
Epiris in £90m exit of Davies Group to HGGC
US-based private equity firm becomes third PE owner of UK claims management specialist
Tech and venture lead the way in May's post-Brexit vision
UK government hopes venture and technology growth will ameliorate financial services exit