United Kingdom
Cornerstone VC holds GBP 20m first close for debut fund
Investments will target UK tech-enabled businesses at pre-seed and seed stage led by diverse teams
ICG closes European Corporate fund on EUR 8.1bn
Fundraising exceeds EUR 7bn target set for eight vintage of flagship debt fund
LDC reaps 4x returns in Aqualisa GBP 130m trade exit
US-headquartered Fortune Brands plans to accelerate growth of shower products manufacturer
Aurelius to buy Footasylum following antitrust ruling
Deal values high street sneaker retailer at EUR 45m as owner JD Sports forced to divest
CD&R to form facilities management group with two primary buyouts
Family-owned Atalian and OCS will merge to create platform with presence in Europe and Asia-Pacific
Synova V holds first and final close on GBP 875m hard-cap
The fund has a GBP 250m pool earmarked for smaller deals and expects to make a handful of DACH and Nordics investments
Squire Patton Boggs poaches Gateley's head of corporate
Tom Durrant joins the US-headquartered law firm after 15 years at Gateley
FPE Capital bolsters investment team
Ben Cole promoted to investment director at the software and services growth investor
Pemberton strengthens team with four senior hires
Anders Svenningsen, Christoph Polomsky, James Taylor and Sally Tankard join the firmтs European offices
LDC mandates Houlihan Lokey for MSQ Partners exit
Formal auction for the UK-based marketing communications group has not yet been launched
ECI sells Bionic to Omers reaping 4.8x
Following the sale of the UK-based SME price comparison platform, ECI will reinvest via ECI 10
VC Profile: Vektor Partners backs tech mobility transformation with new fund
VCтs debut fund has a EUR 175m hard-cap and aims to back startups with initial tickets of EUR 3m-EUR 5m
Tenzing sells CitNOW to Livingbridge; reaps 9.6x return, 74% IRR
The vendor will continue to back the UK-based car dealership software group via other funds
Nest mandates HarbourVest for PE investing
Workplace pension scheme has made its second PE mandate following its partnership with Schroders
Cinven plays long game with financials fund in hunt for 3x returns
With a life of 15 years, the new vehicle has closed above target, with insurers making up about a quarter of its LP base
BGF announces changes in leadership
CIO Andy Gregory to head UK growth investor as Stephen Welton is made non-executive chair
Epiris buys Sepura in EUR 159m carve-out deal
UK-based manufacturer of digital walkie-talkies was divested by Chinaтs Hytera Communications
FPE Capital invests in Dynamic Planner
Deal for the financial software provider marks second platform investment from GBP 185m Fund III
Optimism prevails as PEs expect step-up in deal-making – research
Third Bridge's Joshua Maxey speaks to Unquote about the findings of the Mid-market PE Forecast: 2022
Keyhaven bolsters team with six promotions
Secondaries specialist's promotion include Sarah Brereton's advancement to partner
Motive raises USD 2.54bn across Fund 2 and co-investment vehicles
GP's USD 1.8bn Fund 2 is 3.7x the size of its predecessor and expects to make 15-18 deals
Cinven holds EUR 1.5bn final close for financial services fund
GP's first sector-focused fund has made three deals, the first of which was insurance broker Miller
August Equity to target GBP 400m in fundraise for upcoming sixth fund
Fundraising plans come following several exits from the GPтs 2016-vintage fourth fund
Mobeus reaps 4.4x money, 64% IRR on Access Partnership MBO to Mayfair
UK-based technology public policy consultancy seeks to develop via M&A