UK Unquote
WestBridge buys Eque2 for £46.5m from LDC
Between 2017 and 2020, the business increased revenues by 29% and EBITDA by 85%, according to a statement
Bridges establishes office in Manchester, hires Braham
Bridges has backed several businesses in the North, including GEV and the Ethical Housing Company
Rockpool invests in Xiatech
Martin Moran joined Xiatechтs board at completion of the deal as chairman
Cabot Square sells Asset Alliance for £4.1m
Asset Alliance's debt, including a ТЃ140m RCF, will be refinanced by the acquirer following completion
Octopus, BGF lead $24m round for Orbex
Existing investors High-Tech GrУМnderfonds, Heartcore Capital and Elecnor also participated
ECI sells Arkessa to trade for 2.1x return
Arkessa was held in ECI Partners' 10th fund, which closed on ТЃ500m in 2014
EQT Ventures leads $44m series-B for Cleo
Existing investors Balderton Capital and LocalGlobe also participated in the round
Endless acquires Party City's international assets for $59m
Amscan, the UK business being sold, will have its management team continue in place
RA leads $45m round for PepGen
With a seed investment of ТЃ4.5m from OSI, PepGen was spun out in 2018
One Peak leads $28m investment in Brightflag
Existing investors Sands Capital Ventures and Frontline Ventures also participate in the round
LDC appoints new CEO
Toby Rougier joins from Lloyds Banking Group, where he is currently group corporate treasurer
BGF appoints Isherwood and Strang to board
Kris Isherwood is currently CFO of Eight Roads and Jim Strang is chairman of Hamilton Lane
Inflexion sells LCP to Charterhouse for £300m
LCP's executives and employees own a majority of its shares and its partners will increase their share
VCs in $36.7m series-C for Weaveworks
Weaveworks will use the fresh capital to enhance its platform and accelerate market expansion
Insight Partners leads £100m investment in Exclaimer
New investor Farview Equity Partners and existing investor Livingbridge both participate
General Atlantic promotes two
Melis Kahya Akar becomes managing director and Caroline Woodworth is promoted to principal
Cavendish promotes Farrugia to managing partner
Farrugia has also held positions at Strata Partners and Close Brothers Corporate Finance
2021 Preview: UK activity on the up, but market braces for tax hit
UK market players are finding solace in investment volumes pulling back towards pre-Covid-19 levels
Piper invests £7m in The Thinking Traveller
Ian Simkins, former CEO of Audley Travel, will join the business as executive chairman
Forbion V closes on €460m hard-cap
Investors in Forbion V include a mix of existing and new LPs including Pantheon and Argentum
Sova VC makes first investment from debut fund
Although sector agnostic, the Sova VC team has a focus on technology and healthcare
Highland Europe closes fourth fund on €700m hard-cap
Kirkland & Ellis provided legal advice and the firm did not use a placement agent
Sun Capital et al. in £13m round for Roxi
Other investors in the funding round include Terra Firma founder Guy Hands and other angel investors
Marcol-backed HealthHero acquires Eight Roads-backed Doctorlink
Doctorlink generated ТЃ3.8m in turnover and EBITDA of -ТЃ7.6m in the year ending on 30 June 2020