UK Unquote
Tenzing nets 5.6x on exit of Smoothwall
Second exit for the firm's debut fund, after reaping a 72% IRR on FMP Global
Pamplona to acquire Pelsis from LDC
LDC backed the management buyout of Pelsis from US-based GP Wind Point Partners in 2017
Bridges reaps 2.5x return on sale of Wholebake to Elysian
Deal is the second investment for Elysian Capital III, which closed on its GBP 325m hard-cap in 2020
Podcast: In conversation with… Kerry Baldwin, IQ Capital & BVCA
New BVCA chair discusses her priorities for the year ahead, the buoyant environment for venture, how to improve PE's public image, and more
KKR hires new director in London
Michaela Wood joins KKR after six years at CVC Capital Partners
TriSpan buys Pho, Gresham House Ventures exits
Pho generated revenues of around GBP 40m in the year to February 2020
TA buys Smiths Medical from parent Smiths Group
Deal gives the medical subsidiary a USD 2.3bn enterprise value
Sanne board to recommend Apex offer
Should Apex make a firm offer, Cinven would have to significantly up its own bid for the fund administrator
Lonsdale sells Charles Cameron to Penta's Socium Group
Third exit announced by Lonsdale this year, and the second from its 2016 fund
Mayfair backs Tangle Teezer MBO
Report by The Times values the business at more than GBP 200m
Livingbridge acquires IT service North from Aliter Capital
Aliter Capital formed North via a buy-and-build strategy for portfolio company Boston Networks
Bregal Milestone to launch second fund
European growth technology investor held a final close for its debut vehicle in 2018 on EUR 400m
Wm Morrison shareholder JO Hambro to decline Fortress takeover offer
JO Hambro say the offer is below the 270p level that would be worthy of consideration
Novalpina to lose control of EUR 1bn debut fund
GP was founded in 2017 and is notably invested in Israeli spyware business NSO Group
Allego to go public via merger with Apollo-sponsored Spac
Transaction values Allego at a pro forma equity value of USD 3.14bn, including a USD 150m PIPE
ICG takes EUR 1.45bn ESG-linked facility for Europe VIII
Standard Chartered Bank was coordinator and mandated lead arranger on the facility
Graphite Capital acquires Wonderbly
Personalised children's books publisher is the seventh deal from Graphite's 2018-vintage ninth fund
Palamon exits Feelunique in GBP 132m sale to Sephora
Palamon acquired the UK-headquartered online beauty products retailer for GBP 26m in 2012
Bridgepoint lists in GBP 2.9bn IPO
GP's existing shareholders will be selling 139.7 million existing ordinary shares
FPE invests in employee benefits software Zest
Deal is the 10th platform investment from FPE's GBP 100m, 2016-vintage, second fund
GHO holds EUR 2bn final close for third fund
Fund close follows a fully virtual fundraise that saw the GP surpass its EUR 1.25bn target
Palatine sells Wren Sterling in Lightyear-backed MBO
Wren Sterling was created in 2015 through the Palatine-backed MBO of Towergate Financial
Bowmark Capital expands team
Jessica Collins, Ben Culverwell, Jamal Lakhani and James Swainston join as investment executives
Silverfleet calls off fundraise for third fund
GP intends to focus on follow-on investments and realisations in its existing portfolio