United Kingdom
Livingbridge acquires IT service North from Aliter Capital
Aliter Capital formed North via a buy-and-build strategy for portfolio company Boston Networks
Bregal Milestone to launch second fund
European growth technology investor held a final close for its debut vehicle in 2018 on EUR 400m
Wm Morrison shareholder JO Hambro to decline Fortress takeover offer
JO Hambro say the offer is below the 270p level that would be worthy of consideration
Novalpina to lose control of EUR 1bn debut fund
GP was founded in 2017 and is notably invested in Israeli spyware business NSO Group
Graphite Capital acquires Wonderbly
Personalised children's books publisher is the seventh deal from Graphite's 2018-vintage ninth fund
Palamon exits Feelunique in GBP 132m sale to Sephora
Palamon acquired the UK-headquartered online beauty products retailer for GBP 26m in 2012
Baird Capital holds final close for second Global Fund
Vehicle will continue to back founder-led UK, US and Asian SMEs via buyout and growth deals
FPE invests in employee benefits software Zest
Deal is the 10th platform investment from FPE's GBP 100m, 2016-vintage, second fund
GHO holds EUR 2bn final close for third fund
Fund close follows a fully virtual fundraise that saw the GP surpass its EUR 1.25bn target
Silverfleet calls off fundraise for third fund
GP intends to focus on follow-on investments and realisations in its existing portfolio
McLaren confirms GBP 550m fundraising led by Saudi Arabia, Ares
Existing shareholders, including Mumtalakat, and new private investors invest GBP 150m
Nordic Capital buys majority stake in VC-backed Duco
Financial data management software raised USD 28m from VCs including Eight Roads and Insight in 2018
Revolut raises USD 800m Series E at USD 33bn valuation
Company becomes the second most valuable fintech in Europe, behind Sweden's Klarna
H&F holds USD 24.4bn final close for 10th fund
Large-cap buyout specialist closed its predecessor fund in October 2018 on USD 16bn
WestBridge exits AJM Healthcare to Livingbridge
WestBridge backed the MBO of the wheelchair and mobility service provider in September 2018
Project A opens first international office in London
Principals Sam Cash and Jack Wang, plus associate Luc de Leyritz, will head the new office
Morrisons rival bidders may have little room to improve on Fortress bid
Both CD&R and Apollo are seen as viable threats to Fortress’s offer, one source says
UK buyout activity cools off in second quarter
While buyout activity fell more sharply in the UK compared to other European markets in Q2, dealflow remained very strong by historical standards
17Capital raises USD 4.5bn across preferred equity strategies
Fundraise includes a USD 2.9bn final close for 17Capital Fund 5, which surpasses its target
Graphite Capital sells U-Pol in £428m trade sale
GP first bought the business in 2002, exiting in 2005 before acquiring it again in 2010
British Patient Capital launches £600m life sciences programme
Programme will invest in later-stage life sciences funds targeting at least £250m
US, UK ranked as most attractive countries for PE investment – study
France makes it into the top 10 for the first time, while Spain also records strong gains
Bridgepoint backs PharmaReview
GP is investing via its first Growth fund, which makes investments of up to £15m
ASI raises $556m for fourth secondaries fund
Since launching its first secondaries fund in 2014, ASI's private equity secondaries programme has now raised almost $1.5bn through four funds
