Clearwater
Graphite backs management buyout of Hanson Wade
Deal reportedly values the UK-based pharma and biotech events producer at £96m
Bridges acquires low-cost gym franchiser Énergie Fitness
GP has previously invested in the sector by backing Viva Gym Group, Impact Fitness and The Gym Group
Nordic region sees highest entry multiples for sixth quarter running
Q2 edition of the Clearwater International Multiples Heatmap finds a slight cooldown across Europe, though the average multiple still exceeds 10x
Horizon acquires EES For Schools
Deal is the second platform investment for the GP's £200m 2018-vintage vehicle
Revenue trumps earnings as PE mops up B2B SaaS firms
Private equity is helping to drive rapid consolidation in the B2B software-as-a-service market
UK exits on hold in Q1
Exit activity reached its lowest quarterly level since the height of the financial crisis in Q1, according to Unquote Data
LDC sells Away Resorts to Bregal Freshstream
Deal is the 10th investment made by Freshstream's debut fund, which writes cheques of €30-100m
Entry multiples heating up further in Q1 – research
Average value for PE-backed transactions increased by nearly 15% versus Q4 2018, says Clearwater
Cartesian's Arlington Industries secures £95m refinancing
Deal will enable the automotive and aerospace components firm to bolt on Wahler
LDC acquires minority stake in Littlefish
GP has committed to providing the IT consultancy with follow-on funding for acquisitions
TPA Capital acquires Pallet-Track
TPA Capital seeks to invest less then £25m in businesses with an enterprise value of less than £50m
Multiples Heatmap: winter cooldown across Europe
Latest Multiples Heatmap, published in association with Clearwater International, is now available to download
Multiples Heatmap: DACH deals, mega-buyouts drive inflation
Latest Multiples Heatmap, published in association with Clearwater International, is now available to download
LDC exits Prism Medical UK in SBO
Sale ends a four-year holding period for LDC, which acquired Prism from Toronto-based Prism Medical
Ardenton invests in Shaftec Automotive
Deal for the automotive spare parts supplier is the Canadian GP's third UK investment
Palatine acquires CET UK from Dunedin
Acquirer draws capital from its third flagship fund, which typically writes cheques of £10-30m
Beech Tree invests in BCN Group
GP is currently investing from its £115m second fund, which invests £10-40m per deal
Clearwater promotes Loudon to partner
Corporate finance house has made numerous senior appointments since the start of 2018
Beech Tree's Wavenet secures €85m refinancing
Ares and RBS provide a unitranche and super-senior revolving credit facility, respectively
International appetite for Spanish deals soars in H1
Country's dealflow and aggregate value both reached record or near-record levels in H1, with international GP's fueling mid- and large-cap activity
French mid-cap seeks new approaches as competition heats up
Buy-backs edge into the French mid-market, as H1 activity hits record highs and entry multiples swell
Tech buyouts bolster UK mid-market activity in H1
High multiples in the TMT space have played a part in driving activity in the UK mid-market over the first half of 2018
Entry multiples stay frothy in Nordic region
Valuations in the Nordic countries are notably driven by high-multiple deals in the TMT and business services sectors
Q1 entry multiples drop to lowest level since Q1 2016
PE deal valuations drop for the third consecutive quarter, as the Nordic region continues to see the highest entry multiples