UK Unquote
Insights from the BVCA summit: PE open for business
On general themes, such as fundraising, market participants were positive about the future of the market
GP Profile: Silverfleet eyes fundraising progress, new acquisitions
Firm is currently raising for Silverfleet Capital Partners III, which was registered in July 2019
BC European Capital XI holds first close on €4bn
LPs already invested in the fund include the New York State Teachers Retirement System
Latour acquires Santiane from BlackFin for €200m EV
Santiane was marketed based on €15m EBITDA, with vendors expecting an EBITDA multiple of more than 10x
Hometree raises £7m in new round led by Anthemis
Company has reportedly raised ТЃ25m in funding since being founded in 2016
Inspirit backs Lloyds Register Group's energy division
Inspirit writes equity cheques of ТЃ2-10m for UK SMEs with revenues greater than ТЃ20m
Dawn leads $20m series-B for Access Fintech
Existing investors JP Morgan, Citi and Goldman Sachs contribute to the latest round
YFM promotes Clarke
YFM is currently deploying YFM Equity Partners Buyout Fund II, which closed on ТЃ80m in March 2020
TDR, private investors to acquire Asda for £6.8bn
Asda was previously in talks with Sainsbury's, which would have paid ТЃ7.3bn for the asset
Kennet-, Eight Roads-backed Rimilia sold to trade for up to $150m
Nasdaq-listed BlackLine is an enterprise software company with a market capitalisation of $5.182bn
Inspirit invests in Procam Group
GP is currently investing from its debut vehicle, Inspirit Fund I, which held a final close on its ТЃ50m hard-cap in December 2019
Further Global acquires majority stake in AA Ireland for €240m
AA Ireland posted тЌ13.7m in net profits in the year to January 2020 on sales of тЌ62.4m
Global Founders, Rocket et al. in £21m round for Knoma
Knoma says it will initially focus on the UK market, and plans to expand globally in the coming years
Limerston-backed Arch Sciences acquires Apex Scientific
Formerly called Crawford Scientific, Limerston acquired the company in October 2017 from Maven
BC-backed VetPartners acquires Hyperthyroid Cat Centre
BC acquired VetPartners from Ares Management, Credit Group and August Equity for around ТЃ700m
Nordic Capital, Carlyle bid for Octopus-backed Calastone
Trade bidders are also competing in the process, while Motive Partners was bidding, but is no longer involved
General Catalyst et al. in £240m round for $2bn+ Cazoo
Online used car marketplace Cazoo has generated ТЃ100m in revenues to date in 2020
Hg closes Saturn 2, Mercury 3 and Genesis 9 on hard-caps
Proskauer provided legal advice and Rede Partners acted as placement agent for the three funds
Mobeus injects $3.8m into Preservica
Mobeus initially supported the spin-out of the original Preservica technology from portfolio company Tessella
Elysian III closes on £325m hard-cap
In conjunction with the fund close, the firm has announced the promotion of Jack Jacovou to partner
Palatine invests in NRG
Following the investment, the company will follow a buy-and-build strategy and develop its services
Hg invests $1.5bn in Hyperion at $5bn valuation
Hyperion's management team and employees will remain the largest shareholder group in the company
Livingbridge sells Mobysoft to ECI
Livingbridge began preparations to exit the company in July 2020, in a GCA Altium-led auction process
Chiltern-backed Hanmere acquires Plasmech
Hanmere will continue to seek further acquisition opportunities following this transaction