United Kingdom
Providence sells Tes Global to Onex
Providence originally acquired the education software provider in an SBO from TPG Capital
Inflexion reaps 6x on Halo trade sale
Inflexion accrues a 53% IRR from the sale of the network components manufacturer
Inflexion invests in WithWise
GP takes a minority stake in the UK-based staff management platform for logistics delivery firms
LDC sells SRL Traffic Systems to 3i Infrastructure
LDC is to sell SRL Traffic System, a UK-based provider of portable and temporary traffic equipment, to 3i Infrastructure
O3, Novum to acquire Gumtree UK, Motors.co.uk
Sale is required for Adevinta to obtain approval from the UK CMA to buy eBay Classifieds
Triton hires new CFO
Matthew Couch is set to join Triton as CFO in December
FSN sells EET to Pamplona in SBO
Pamplona Capital Management has agreed to acquire Nordic technology distributor EET Group from FSN Capital in a secondary buyout.
Tenzing raises GBP 100m Belay Fund
Vehicle can invest up to GBP 150m and will back the GP's Tenzing II portfolio companies
VCs in USD 156m round for Quell Therapeutics
Series B for the Treg therapy developer was led by VCs including Jeito Capital and Ridgeback Capital
Motorway raises USD 190m in Series C
Index Ventures and Iconic Growth have co-led a USD 190m funding round for Motorway, valuing the UK-based used car sales platform at more than USD 1bn.
Balderton raises USD 600m for eighth flagship fund
Fund will continue the VC's Series A-focused strategy, targeting European startups
Waterland sells Cawood for 3.7x money
Trade sale to EBI is the first exit from the GP's GBP 2bn, 2017-vintage fund Waterland VI
ICG to exit Park Holidays in GBP 900m trade sale – report
ICG acquired the caravan holiday park operator in a GBP 362m SBO from Caledonia Investments in 2016
Investindustrial sets SBTs for emissions
GP has also committed to achieving net zero greenhouse gas emissions in its funds
PE-backed Inmarsat sold to Viasat in USD 7.3bn deal
Apax Partners, CPP, OTPP and Warburg Pincus acquired Inmarsat via a take-private in 2019
M&A insurance demand reaches new heights amid bottleneck concerns
Hardening W&I market could be adding to the current slowdown in M&A activity that has followed a flurry of deals earlier in the year
Aurelius buys McKesson UK in GBP 477m deal
Carve-out of McKesson UK includes LloydsPharmacy and is Aurelius's largest deal to date
Palatine sells Estio to PE-backed BPP
Deal is the first exit from Palatine's first Impact Investing fund, which closed in 2017 on GBP 100m
Equistone backs ADM Group
Investment in the marketing agency is the GP's eighth platform deal of 2021 to date
Advent's Rubix confirms intention to float
GP formed the industrial maintenance, repair and overhaul firm in 2017 by merging IPH and Brammer
Less than half of UK GPs report in detail on ESG impact – survey
Advisory firm BDO reviewed the ESG policies of 100 private equity firms with UK operations
Brewdog, Hawksmoor hit brakes on IPO plans
Founders of both businesses cite pandemic recovery uncertainty in the hospitality sector
Synova backs National Education Group
Investment in the education-sector online training and development provider is the GPs sixth deal from Synova IV
ECI sells CPOMS to PE-backed Raptor
ECI bought the educational safeguarding software in 2018, investing via its GBP 500m ECI 10 fund
