UK Unquote
USS opens up DC section to PE investments
Move comes as funds invested in DC have exceeded ТЃ1bn, but exposure to private markets assets was already available to DB members
Clearwater opens Leeds office, appoints Goldsack
Newly appointed partner Richard Goldsack previously worked at Grant Thornton and EY
Advent completes £4bn acquisition of Cobham
Advent drew equity from its $17.5bn Advent IX vehicle, which writes equity tickets of $100m-1bn
Stripes leads $150m round for Snyk at $1bn+ valuation
Investors such as Coatue, Tiger Global, BoldStart and Salesforce Ventures also participated
Blossom closes Fund II on $185m
Portfolio companies include UK-based Duffel, Swiss company Frontify and Ireland-based Tines
Mayfair hires Price from Lloyds Bank
Price led the strategic debt finance and capital structure advisory teams at Lloyds
Former Ireland-based Carlyle team launches debut Melior fund
Melior Equity Partners' debut fund is targeting тЌ200m, according to press reports
LDC exits Keoghs
Keoghs CEO John Whittle and the management team will continue to lead the business
Maven and GAM lead £6.4m round for Coniq
Coniq offers a CRM and loyalty platform for shopping malls, outlets and retail brands
Inflexion acquires Marston minority stake
Marston is a judicial services group, which recovers funds on behalf of taxpayers and businesses
Pantheon Global Secondary Fund VI to close in 2020
Pantheon's latest vehicle, Global Secondary Fund VI, is expected to hold a final close in 2020, Unquote understands.
Pantheon promotes Wong and Vainio to partner
Pantheon offers regional primary fund programmes, secondaries, and co-investment
MML acquires Arrow from GCP
CVC Credit has provided a ТЃ70m acquisition facility to the business support service
Atomico promotes Haivas to partner
VC is currently investing from Atomico IV, which closed on $765m in February 2017
Lexington closes ninth fund on $14bn
Vehicle is now the largest secondaries fund ever raised, with Ardian aiming to top it
Google buys VC-backed Pointy
Following the acquisition, Pointy expects to build new features and further expand its offering
Inflexion-backed Bollington acquires Ashgrove
Since 2012, Ashgrove has acquired five insurance businesses in the north-west of England
Ethos acquires Pet Mate
Unquote understands the entry multiple for the company was 4-8x the company's ТЃ2m EBITDA
Three UK charities on hunt for impact-focused managers
Successful manager would oversee a £32m portfolio with a focus on ESG and impact
Felix closes third fund on $300m
In conjunction with the fund close, the firm has also hired two advisers and a new CFO
G Square closes third fund on €500m
Investors in the fund include Adams Street Partners, Banca March, Cresta and Goodgrower
Montagu acquires RTI OEM business for $490m
Headquartered in Florida, the business has four manufacturing sites in the US and in Germany
Bowmark hires two, including new partner
Both Mani and McRae have joined from the small-cap investment team at CapVest, where Mani was head
Horizon supports three bolt-ons for DMC
Horizon is currently investing from its Horizon Capital I fund, which closed on ТЃ200m in 2018