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United Kingdom

UK fund closes and launches
Cairngorm aiming for third fundraise in 2019

UK-based investor is likely to begin fundraising in the new year, with Cairgorm Capital II being currently depoyed

  • Funds
  • 26 June 2018
Clinical trials and biotechnology
Sofinnova and 5AM lead £28m series-A for NodThera

UK drug discovery company will bring its leading drug candidate to the clinical trial stage

  • Early-stage
  • 25 June 2018
Jonathan Crane of 3i
3i promotes Crane to partner amid appointments wave

GP hires Rothschild's Howard as director and makes four further senior European PE promotions

  • UK / Ireland
  • 25 June 2018
Training courses and education programmes
LDC agrees sale of LearnDirect to DTS

Transaction comes two years after the portfolio company sold a division to PSI Services

  • Exits
  • 25 June 2018
Business courses and employee training services
BGF injects £3m into DevOpsGroup

Investment will fund the acquisition of Wales-based IT skills training business AgileSnap

  • Expansion
  • 22 June 2018
Fiancial comparison software for businesses
FPE Capital invests in TNP

Deal is the fourth investment from FPE's first institutional vehicle, closed last year

  • Buyouts
  • 22 June 2018
New hires
Epiris promotes Wilson and Wood to partner

Team members have been with the newly independent fund manager for five and six years, respectively

  • People
  • 22 June 2018
Man driving a car
LDC divests Validus-IVC in trade sale to Verisk

Sale of motor-insurance-related business brings to an end a five-year tenure for the vendor

  • Exits
  • 22 June 2018
Microscopes and laboratory equipment
Epidarex and Sixth Element in $10m round for Adorx

Cancer drug discovery company will ramp up its research activities following the round

  • Early-stage
  • 21 June 2018
Human resources software developer
EQT in $28m series-B for Beamery

Microsoft's corporate venture arm also took part in the round for the recruitment software firm

  • Expansion
  • 21 June 2018
Biotechnology research
Syncona leads £88.4m series-B for Freeline

Gene therapy company will undertake clinical trials and look to bring its therapies to market

  • Early-stage
  • 20 June 2018
Nuclear plants and energy companies
BC- and GIC-backed Acuris bolts on SparkSpread

US-based energy trade publication is the company's first acquisition since GIC invested last year

  • Portfolio management
  • 20 June 2018
Renovation and restoration services
Exponent's HSS Hire secures £245m refinancing

Development follows a difficult year for the tool hire group, in which adjusted EBITDA fell to £1.8m

  • Refinancing
  • 20 June 2018
Pensioner travel insurance
JC Flowers sells PIC stake to Adia

Sale ends a 12-year holding period for JC Flowers, which was one of the founding investors

  • Exits
  • 19 June 2018
Breast cancer screening and treatment
TVP et. al in £4.4m round for Micrima

Developer of breast cancer screening systems will bring its Maria product to market

  • Expansion
  • 19 June 2018
Debit and credit cards and other payment services
Dunedin buys GPS

GP draws capital from Dunedin Buyout Fund III, a £300m fund that held a final close in June 2013

  • Buyouts
  • 19 June 2018
Product testing and quality control
Warburg Pincus to buy Supplier Assessment Services for £160m

Deal sees the GP acquire the UK-based provider of compliance services from trade vendor Capita

  • Buyouts
  • 19 June 2018
Sam Breuning of AGIC Capital
AGIC hires former Equistone partner Breuning to lead UK office

Breuning will be responsible for all of AGIC's UK investment activities and future fundraising

  • People
  • 19 June 2018
Email marketing software and services
VC firms back $13m series-A for Tessian

Existing investors include Accel, Amadeus Capital Partners, Crane, LocalGlobe and Winton

  • Expansion
  • 18 June 2018
Insurance brokers
Carlyle's PIB bolts on i2 Healthcare

Acquisition of the healtchare insurance specialist is the 16th since Carlyle's initial investment

  • Portfolio management
  • 15 June 2018
Medication and pharmaceutical products
Advent gears up for launch of third life sciences fund

VC makes investments in life sciences companies based in the UK, continental Europe and the US

  • Funds
  • 15 June 2018
Computer training and IT education
RCapital sells Innervate to trade buyer

Deal brings to an end the GP's 12-month holding period for the London-based IT consultancy

  • Exits
  • 15 June 2018
Italian tech entrepreneus and business consultants
RCapital sells The Coaching Academy in MBB

Divestment ends the GP's 11-year tenure of the UK-based training company

  • Exits
  • 15 June 2018
Fundraising in dollars
Firstminute holds final close on $100m for seed fund

Follows a $60m first close in June 2017, and a second close on $85m in September

  • Funds
  • 14 June 2018
112 113 114
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