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United Kingdom

Proserv is a subsea engineering business
Oaktree, KKR acquire Riverstone's Proserv via restructuring

Development comes three and a half years after Riverstone acquired the company for $750m

  • Restructuring
  • 12 March 2018
Euro-denominated fundraising
Equistone VI holds final close on €2.8bn hard-cap

Mid-market PE investor saw total potential commitments of €4bn, significantly exceeding target

  • Funds
  • 12 March 2018
Cloud computing and hosting services
NorthEdge invests in Cloud Technology Solutions

GP is currently investing from its second fund, which typically writes cheques of £5-45m

  • Buyouts
  • 12 March 2018
New fund launches
Seraphim prepares launch of $250m global space fund

First close could be held by Q3 2018, with a full pipeline for the deal team

  • Funds
  • 09 March 2018
Website security
Turn/River injects $40m into Netsparker

Web-security scanning software company will undertake geographic expansion and invest in marketing

  • Expansion
  • 09 March 2018
People moves and promotions
Livingbridge partner Paul Morris joins BDO

In his new role, Morris will be advising businesses looking for private equity investment

  • People
  • 09 March 2018
Document administration and internal filing services
Octopus sells Box-it Data to Montagu's Oasis

Records and information management company says the acquisition is its largest to date

  • Exits
  • 08 March 2018
Accountants and financial advisers
Hg's Cogital acquires Rawlinsons

Deal is the second bolt-on acquisition for the tax and advisory group's UK company Baldwins in two weeks

  • Portfolio management
  • 08 March 2018
New hires and promotions
Clearwater hires Canaccord's O'Donnell

In his new role as partner, O’Donnell will be in charge of Clearwater's consumer sector practice

  • People
  • 08 March 2018
Data analytics services
Accel-KKR invests in Kimble Applications

Data analytics software developer will invest in product development and international expansion

  • UK / Ireland
  • 08 March 2018
New Look is a retailer of clothing and accessories for women
Brait's New Look proposes CVA with closure of 60 stores

High street fashion retailer will look to renegotiate its rental and debt agreements

  • UK / Ireland
  • 08 March 2018
Fundraising in pounds sterling
Station 12 to raise £60m for venture funds

VC will target early- and growth-stage investments in the media, entertainment and knowledge space

  • Funds
  • 07 March 2018
Warehouse software and logistics
EmergeVest acquires CM Downton in £75m deal

GP will put in place a succession plan for the logistics company's family owners

  • Buyouts
  • 07 March 2018
Tom Salmon of Duke Street
Duke Street hires new partner, investment manager

Tom Salmon and Hugo Stratchan join as partner and investment manager, respectively

  • People
  • 07 March 2018
Tristan Craddock of Rutland Partners
Q&A: Rutland’s Craddock on Aston Barclay and making partner

Special situations investor's newly appointed partner discusses the firm's evolution and its recent investment in the UK-based car auction business

  • UK / Ireland
  • 07 March 2018
People moves and promotions
GP Bullhound acquires AdMedia

Following the acquisition, five senior deal-makers will join the VC firm's investment team

  • Advisory
  • 06 March 2018
Fundraising in euros
Headway targets first close in early Q2

Headway registered the vehicle, Headway Investment Partners IV (HIP IV), in February 2017

  • Funds
  • 06 March 2018
GPS satellites and associated technologies
Seraphim hires Rombaut as general partner

Rombaut will support fundraising efforts as the VC firm plans to launch a new global vehicle

  • People
  • 06 March 2018
Herbs and spicy ingredients
Perwyn backs Freshcut Foods MBO

Fruit, vegetable and carbohydrates supplier aims to capitalise on an increased focus on healthy diets

  • Buyouts
  • 06 March 2018
Engineering firm Davy Markham
Hughes Armstrong-backed Davy Markham goes into administration

Yasmin Bhikha and John Lowe of FRP Advisory were appointed joint administrators on 26 February

  • Exits
  • 06 March 2018
Partner Construction is a builder of affordable homes
Elysian-backed Fastflow bolts on Partner Construction

Portfolio company has acquired the housing developer with cash from the GP's initial buyout

  • Portfolio management
  • 06 March 2018
Alkane captures methane from closed coal mines and converts it into electricity
3i supports Infinis's bolt-on of Alkane with £125m

Acquisition of methane-capturing company comes 16 months after 3i's initial investment in Infinis

  • UK / Ireland
  • 06 March 2018
Owlstone Medical has developed a breathalyser that can detect lung cancer
Horizons co-leads $15m funding round for Owlstone

Aviva Ventures co-led the round, which also saw investment from existing investors

  • Early-stage
  • 05 March 2018
Pizza restaurants
TPG's Prezzo to close 94 restaurants following CVA

Casual dining chain suffered an 8.1% drop in like-for-like sales in 2017 and owes £220m to creditors

  • Investments
  • 05 March 2018
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