United Kingdom
Apposite Capital closes Healthcare Fund II on £144.5m
Healthcare-focused Apposite seeks to deploy ТЃ10-20m over the life of an investment
Apposite promotes Auffray and Meynier
Auffray becomes head of IR and operations, with Meynier promoted to investment director
Bowmark backs buyout of The Instant Group from MML
Both MML and the company's management team are reinvesting for a stake in the new company
LDC acquires £28m minority stake in RCIB
Transaction comes two years after the insurance broker acquired three brands from trade vendor ERC
LDC generates 3.5x on PEI sale to BDC
Sale of the media, data and events company comes less than three years after LDC's purchase
Blossom Capital hires Schroder Adveq's O'Farrell
O'Farrell will be the fifth partner at the VC firm, which was founded in 2017 by Ophelia Brown
Time Partners hires Schroder Adveq's Kimeze
Kimeze is Time Partners' fifth director and will join the private capital division
Matrix and Morpheus in $25m round for Starship Technologies
Fresh capital will enable the company to bring its autonomous delivery robots to market
Sovereign scores largest ever exit with Linnaeus sale to Mars
Divestment of the UK veterinary group generated the firm's strongest ever gross return
PE-backed UK IPOs outperform, but listings remain slow
Despite a strong track record, PE-backed listings have been few and far between in 2018, but signs of an increase in activity are emerging
Silverfleet sells Ipes to Genstar's Apex Group
Sale of the fund administration business generates a 3.8x return and 30% IRR for the vendor
TriSpan acquires majority stake in Rosa's Thai Cafe
GP invested in the UK-based Thai food chain via its restaurant-dedicated Rising Stars platform
SVP et al. sell Cory Riverside to infrastructure consortium
Transaction reportedly values the UK-based energy-from-waste company at around ТЃ1.5bn
Downing et al. in £4m series-A for CTT
Downing invests alongside existing investors Parkwalk, Cambridge Enterprise and Amadeus
NVM invests £8.2m in Flexioffices MBO
Deal for office space broker is the second MBO made by the GP's maiden institutionally backed fund
Rutland boosts deal team with two hires
Will Southgate joins Rutland from PwC, while Gessica Howarth previously worked at Goldman Sachs
PE-backed Wagamama mandates Goldman Sachs for funding options
Restaurant chain backed by Hutton Collins and Duke Street has withstood the UK casual dining downturn
Investec hires Markova in acquisition finance team
Based in the London office, Markova will be active in managing Investec's European debt platform
Hg sells Intelliflo to Invesco
Sale of the financial software company brings the gross realised fund multiple of Mercury 1 to 3.4x
GCP reaps 4.8x on sale of Etc.Venues to Gencom et al.
Company has added six new venues under the vendor's tenure, bringing its total to 15
LGT, Cambridge Innovation in $100m series-B for CMR Surgical
Investment round for surgical robotics company was led by Zhejiang Silk Road Fund
Elysian's Tekmar announces intention to float
Offshore wind cable protection supplier has grown its EBITDA by 28.5% per annum since 2016
Carlyle acquires Livingstone Technologies
Investment in the enterprise software business was made with equity from the тЌ656m CETP III fund
Deepbridge leads £2.5m series-A for Chainvine
Funding round will enable the company to bring its blockchain-related products to market