UK Unquote
Sovereign Capital appoints investment executive
Peter Shaw, Sovereign Capital
AA and Saga looking to refinance, then split
The AA group and Saga, backed by CVC, Charterhouse and Permira, are to issue a long-term bond to refinance £4bn of bank debt, which could lead to a break-up.
Dunedin backs £43m Trustmarque secondary buyout
Mid-market GP Dunedin has backed the ТЃ43m management buyout of Trustmarque Solutions, a technology services and solutions provider, from LDC.
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UK Awards
Doughty divests Vue to Omers and Alberta for £935m
Doughty Hanson has sold cinema group Vue Entertainment to Omers Private Equity and Alberta Investment Management Corporation (AIMCo) for an enterprise value of ТЃ935m.
Cerus Endovascular raises £1.5m from Spark Impact
Medical devices company Cerus Endovascular has completed a ТЃ1.5m funding round led by the North West Fund for Biomedical.
BC brings in the banks for Foxtons float
BC Partners has hired Credit Suisse, Numis Securities and Canaccord Genuity to handle the flotation of London estate agency Foxtons.
Cinven to reap 7x from Partnership IPO
Cinven-backed Partnership Assurance Group (PAG) has listed on the London Stock Exchange, in an IPO valuing the business at ТЃ1.54bn.
SEP leads £1.2m investment in SocialBro
Scottish Equity Partners has led a ТЃ1.2m funding round for SocialBro, a Twitter analytics tool for businesses.
GCP in £6m Fishawack bolt-on
Fishawack, a medical communications agency backed by Growth Capital Partners (GCP), has acquired Switzerland-based Archimed Medical Communications for ТЃ6m.
Waiting for the direct lenders
Direct lenders
LDC backs Rimor MBO
LDC has supported the management buyout of subsea oil and gas manufacturing and engineering services firm Rimor.
LDC returns to MB Aerospace
Despite exiting MB Aerospace three months ago, LDC, alongside new owner Arlington Capital Partners, has reinvested in the aerospace engineering group to support its acquisition of Delta Industries.
Saudi Aramco Energy Ventures invests in ZiLift
Saudi Aramco Energy Ventures (SAEV) has invested in ZiLift, a developer of artificial lift systems.
Investec GAF appoints Davidson
Investec Specialist Bank has appointed Grant Davidson to its growth & acquisition finance team.
August Equity hits £100m first close
August Equity's ТЃ100m first close brings it more than halfway to its ТЃ180m target for Fund III.
WestBridge appoints new senior investment manager
WestBridge Capital has hired Pascal Wittet as senior investment manager following the firmтs recent move to London.
General Catalyst et al. invest $12m in YPlan
General Catalyst Partners has led a $12m series-A funding round into British mobile start-up YPlan alongside existing investors Wellington Partners and Octopus Investments.
CD&R in potential Balfour and Rentokil deal
Clayton Dubilier & Rice is in talks over a potential merging of the office maintenance business of Balfour Beatty and Rentokil Initial.
DFJ Esprit et al. back extended £6.9m Horizon Discovery series-C
A consortium of venture capital firms and private investors has injected a further ТЃ6.9m into Horizon Discovery as part of the final close of the company's extended series-C round.
Rutland picks up Equistone's AFI-Uplift
Equistone Partners Europe has offloaded AFI-Uplift to Rutland Partners in a deal that combines three companies for a total enterprise value of around ТЃ85m.
Serena Capital leads £10m round for WorldStores
Serena Capital and existing backers Balderton Capital and Advent Venture Partners have jointly invested ТЃ10m in a series-C funding round for UK-based online retailer WorldStores.
GCP-backed Iglu.com acquires Planet Cruise
Growth Capital Partners (GCP) has backed the acquisition of Planet Cruise by its portfolio company Iglu.com.
Sun European Partners in £23m Dreams debt pay-off
Sun European Partners is understood to have repaid ТЃ23m to creditors of Dreams, the UK-based bed retailer it acquired in a pre-pack deal in March.