United Kingdom
HgCapital to reap 2.1x in Manx IPO
The IPO of HgCapital's Isle of Man-based telecoms operator Manx Telecom will give the company a market cap of around ТЃ160.2m and generate a 2.1x money multiple for its backer.
PE-backed Lysanda bolts on Tracker
UK-based Lysanda, a developer of automotive telematics and informatics solutions backed by Disruptive Capital Finance, has acquired Tracker Network, a subsidiary of Direct Line Group.
Video: Dunedin's Middleton on UK mid-market challenges
Managing partner talks to Kimberly Romaine in video Q&A
Elysian supports Wellbeing MBO
Elysian Capital has backed the management buyout of healthcare IT business Wellbeing Software Group.
KCP generates 3.5x on TSC Foods sale
Key Capital Partners (KCP) has sold TSC Foods, the maker of Glorious! Soups, to Edward Billington and Son, reaping a 3.5x return.
Mobeus invests £3.5m in Bourn
Mobeus Equity Partners has made an investment of ТЃ3.5m in Bourn Bioscience, a UK-based operator of in-vitro fertilisation (IVF) clinics that trades under the name Bourn Hall Clinic.
Fundraises to flotations: a promising year for the UK
The UK market witnessed swathes of fund closes and a surprising number of IPOs last year. But will this positive trend continue in 2014? Alice Murray reports
MML promotes Jones to partner
MML Capital Partners has promoted investment director Luke Jones, making him the fifth UK-based partner at the firm.
Unified board vital for turnaround success
Unified boards
VCs sell NaturalMotion to Zynga for $527m
NYSE-listed game developer Zynga has acquired NaturalMotion, a UK-based animation technology firm backed by Balderton Capital, for $527m.
SBT makes first UK investment in Red Zebra
Fintech-focused investor SBT Venture Capital has made a capital commitment to UK-based Red Zebra Analytics, marking its first investment in the UK.
Marson-Smith leaves Gresham
Gresham Private Equity chairman Paul Marson-Smith has confirmed his decision to retire.
Should UK SMEs boost non-EU exports?
In the last two years there has been a spate of government initiatives aimed at increasing UK SME exports to non-EU markets. But is this the right strategy for economic growth and is the public sector best placed to advise? Alice Murray reports
Auda closes Secondary Fund III on $332m
Private equity-focused investment manager Auda International has held the final close of its Auda Secondary Fund III (ASF III) vehicle with commitments totalling $332m.
PHD scores 9.2x on Liberty Services exit
PHD Equity Partners has generated a 9.2x money multiple and a 70.4% IRR on its sale of Liberty Services to Capita.
BGF suits up with £8.5m ACS investment
Business Growth Fund (BGF) has invested ТЃ8.5m into formal wear rental business ACS Clothing and its software offering Xedo Software.
Palamon ups investment in QualitySolicitors
Palamon Capital Partners has provided its portfolio company QualitySolicitors, a UK-based high-street legal brand, with additional funding more than two years after its acquisition.
Inflexion deals with Succession
Inflexion has invested in Succession, a UK privately owned wealth management business.
SEP sells ControlCircle to Alternative Networks
Scottish Equity Partners (SEP) has sold hosting and cloud-based services provider ControlCircle to Alternative Networks for ТЃ39.4m.
LDC buys Bluestone
LDC has acquired a significant stake in financial services business Bluestone Group.
Balderton leads $7m round for GoCardless
Balderton Capital has led a $7m series-B round for GoCardless, a London-based B2B online direct debit platform, alongside existing backers Accel Partners and Passion Capital.
Premier Foods toasts Hovis sale
Warburg Pincus-backed Premier Foods has sold its bread business, Hovis, to US private equity firm The Gores Group in a deal valuing the division at ТЃ87.5m.
Warburg Pincus hires Kukielski as new EIR
Peter Kukielski, Warburg Pincus
Braveheart and Crowdcube set up crowdfunding co-investment fund
Braveheart Investment Group and crowdfunding platform Crowdcube Ventures have established the Crowdcube Venture Fund (CVF), a co-investment vehicle for crowdfunded businesses.