United Kingdom
Project A opens first international office in London
Principals Sam Cash and Jack Wang, plus associate Luc de Leyritz, will head the new office
Morrisons rival bidders may have little room to improve on Fortress bid
Both CD&R and Apollo are seen as viable threats to Fortressтs offer, one source says
UK buyout activity cools off in second quarter
While buyout activity fell more sharply in the UK compared to other European markets in Q2, dealflow remained very strong by historical standards
17Capital raises USD 4.5bn across preferred equity strategies
Fundraise includes a USD 2.9bn final close for 17Capital Fund 5, which surpasses its target
Graphite Capital sells U-Pol in £428m trade sale
GP first bought the business in 2002, exiting in 2005 before acquiring it again in 2010
British Patient Capital launches £600m life sciences programme
Programme will invest in later-stage life sciences funds targeting at least ТЃ250m
US, UK ranked as most attractive countries for PE investment – study
France makes it into the top 10 for the first time, while Spain also records strong gains
Bridgepoint backs PharmaReview
GP is investing via its first Growth fund, which makes investments of up to ТЃ15m
ASI raises $556m for fourth secondaries fund
Since launching its first secondaries fund in 2014, ASI's private equity secondaries programme has now raised almost $1.5bn through four funds
EQT sells Iver to ICG
EQT claims that, under its ownership, the company more than tripled its revenues over the last three years
True holds £275m final close for third fund
Consumer-focused GP raised the fund in a six-month virtual process and surpassed its ТЃ250m target
Pemberton hires Graeme Dell as COO
Dell started at the firm on 1 July, and replaced Thomas Lack, who retired at the end of June
Livingbridge buys majority stake in VC-backed Semafone
Octopus Ventures and BGF exit the data security and compliance software developer
Five Arrows invests £120m in Causeway Technologies
Deal follows the GP's ТЃ300m SBO of Sygnature Discovery from Phoenix Equity Partners
Bridgepoint mulls London listing
GP could be valued at ТЃ2bn and is also planning fundraises for its Europe and Growth strategies
Hg, Vista Equity Partners to sell Allocate to trade
Sources told Mergermarket in May that the company could fetch a valuation of around ТЃ1bn
Perwyn buys majority stake in JT's IoT division
Jersey Telecom will retain a minority stake in the company, which is valued at ТЃ200m
Graphite Capital sells Performance Timber to trade
Acquisition by Bergs Timber values the company at SEK 140m and ends a 12-year holding period
Epiris sells Saunderson House in £150m trade sale
GP acquired IFG Group in 2019, subsequently splitting it into Saunderson House and James Hay
Over a third of LPs track GPs on social media - survey
Survey finds that 38% of LPs use social media to track GPs and a further 29% use social media as part of their due diligence on potential investments
One Equity Partners acquires Brush Group
OEP has also supported Brush in its acquisition of electrical engineering company Aprenda
Bridgepoint buys minority stake in Itsu
GP intends to back Itsu's growth plans after a challenging year for the restaurant and bar sector
Epiris buys Sharps from Sun European Partners
Exit comes less than a month after Sun sold bed and mattress retailer Dreams in a $475m trade sale
Palatine holds £220m final close for fourth fund
Vehicle is similar in size to Palatine III and has made four investments as of its final close