UK Unquote
True holds £275m final close for third fund
Consumer-focused GP raised the fund in a six-month virtual process and surpassed its ТЃ250m target
Pemberton hires Graeme Dell as COO
Dell started at the firm on 1 July, and replaced Thomas Lack, who retired at the end of June
Inflexion promotes four to partner
Richard Booth, Sergio Ferrarini, Jon Ma and Sarah Gestetner are all promoted to partner
Park Square IR head Piers Dennison joins Greenbrook
Dennison joins the communications consultancy as an adviser
Apollo confirms interest in Morrisons bid
PE firm would have to top a ТЃ9.52bn EV offer from a Fortress-led consortium made over the weekend
Ashridge scores 1,439% IRR on Marclay after four-month hold
Ashridge invested in the UK-based cybersecurity and incident response firm in February
Montagu buys Waystone from MML
Acquisition of the fund advisory firm is Montagu's third SBO of 2021, according to Unquote Data
Investindustrial exits Polynt-Reichhold in buy-back
Asset was expected to fetch around тЌ2.5bn, with Lone Star previously thought to be in exclusivity
Unquote British Private Equity Awards 2021: entries due today
Submit your entry for the 2021 Unquote British Private Equity Awards before 5pm today
Livingbridge buys majority stake in VC-backed Semafone
Octopus Ventures and BGF exit the data security and compliance software developer
Five Arrows invests £120m in Causeway Technologies
Deal follows the GP's ТЃ300m SBO of Sygnature Discovery from Phoenix Equity Partners
Bridgepoint mulls London listing
GP could be valued at ТЃ2bn and is also planning fundraises for its Europe and Growth strategies
Phoenix nets 4.3x return on sale of Rayner Surgical to CVC
CVC will deploy equity from its Fund VIII, which held a final close on ТЃ21.3bn
Phoenix confirms Sygnature sale to Five Arrows
Deal is the third strong exit from Phoenix's 2016 fund, following Travel Chapter for 3.6x and Rayner for 4.3x
Oakley to sell majority stake in Ace Education to trade
Exit will generate a gross return on investment of nearly 2.1x money and around 27% IRR for Oakley Capital Private Equity III
Hg, Vista Equity Partners to sell Allocate to trade
Sources told Mergermarket in May that the company could fetch a valuation of around ТЃ1bn
SoftBank leads $600m series-D for CMR Surgical
Series-D values the business at around $3bn, according to an FT report
Perwyn buys majority stake in JT's IoT division
Jersey Telecom will retain a minority stake in the company, which is valued at ТЃ200m
Graphite Capital sells Performance Timber to trade
Acquisition by Bergs Timber values the company at SEK 140m and ends a 12-year holding period
Epiris sells Saunderson House in £150m trade sale
GP acquired IFG Group in 2019, subsequently splitting it into Saunderson House and James Hay
Queen's Park Equity hires Manning from Livingbridge
Nick Manning spent two years at Livingbridge following stints at Arrowpoint Advisory and KPMG
GP Profile: Palatine looks to B2B, continued ESG value creation
Managing partner Gary Tipper discusses the firm's deal pipeline, its focus on ESG, and how its portfolio has weathered the pandemic
One Equity Partners acquires Brush Group
OEP has also supported Brush in its acquisition of electrical engineering company Aprenda
Squire Patton Boggs launches new funds practice in London
Steven Ward joins from Paul Hastings as partner in order to lead the new practice