UK Unquote
McLaren confirms GBP 550m fundraising led by Saudi Arabia, Ares
Existing shareholders, including Mumtalakat, and new private investors invest GBP 150m
Nordic Capital buys majority stake in VC-backed Duco
Financial data management software raised USD 28m from VCs including Eight Roads and Insight in 2018
CVC Credit finances Livingbridge's World of Books buyout
Livingbridge bought the UK-based online reseller of secondhand books from Bridges Fund Management
Revolut raises USD 800m Series E at USD 33bn valuation
Company becomes the second most valuable fintech in Europe, behind Sweden's Klarna
WestBridge exits AJM Healthcare to Livingbridge
WestBridge backed the MBO of the wheelchair and mobility service provider in September 2018
Phoenix promotes Squires to partner, three to investment director
James Chiang, Richard Hill and Victoria Wain are promoted to investment director
Bridges appoints ex-ICG CEO as new chair
Former Apax COO Clive Sherling, a long-standing investor in Bridges funds, also becomes a non-executive director
Seraphine lists in London seven months after Mayfair deal
IPO gives the maternity clothing business a market cap of GBP 150m, raising gross proceeds of GBP 61m
BC Partners invests in Valtech at USD 1.4bn valuation
Former reference shareholder Verlinvest and Valtech's new management also reinvest
H&F, BlackRock, GIC invest in Belron at EUR 21bn EV
Hellman & Friedman (H&F), BlackRock and GIC are to acquire a 13% stake in vehicle glass repair and replacement firm Belron in a deal that gives the company an enterprise value of EUR 21bn and an equity value of EUR 17.2bn.
Eka Ventures closes early-stage impact fund on GBP 68m
Founding partners have experience backing companies including Gousto, Bloom & Wild, Peak and Elder
Pitalia launches with GBP 50m fund, hires Davies as head
New venture will be headed by John Davies, who joins Pitalia Capital from Seneca Partners
Morrisons rival bidders may have little room to improve on Fortress bid
Both CD&R and Apollo are seen as viable threats to Fortressтs offer, one source says
UK buyout activity cools off in second quarter
While buyout activity fell more sharply in the UK compared to other European markets in Q2, dealflow remained very strong by historical standards
17Capital raises USD 4.5bn across preferred equity strategies
Fundraise includes a USD 2.9bn final close for 17Capital Fund 5, which surpasses its target
DN Capital holds final close for fifth fund on €300m
Vehicle surpassed its тЌ200m target and is тЌ100m larger than the firm's fourth fund
Graphite Capital sells U-Pol in £428m trade sale
GP first bought the business in 2002, exiting in 2005 before acquiring it again in 2010
British Patient Capital launches £600m life sciences programme
Programme will invest in later-stage life sciences funds targeting at least ТЃ250m
Caledonia's Duncan Johnson steps down, replaced by Tom Leader
Johnson steps down after 10 years of service, and becomes CEO at Northern Gritstone
Bridgepoint backs PharmaReview
GP is investing via its first Growth fund, which makes investments of up to ТЃ15m
Appian weighs fund launch for late 2021
Mining-focused Appian raised $375m for its first fund and $775m for the second vehicle
ASI raises $556m for fourth secondaries fund
Since launching its first secondaries fund in 2014, ASI's private equity secondaries programme has now raised almost $1.5bn through four funds
Bridgepoint confirms intention to list
London-headquartered GP could be valued at around ТЃ2bn in its intended LSE listing
Livingbridge buys World of Books from Bridges
Bridges partially exits the company five years after paying ТЃ13m for just over 50% of the company.