United Kingdom
Parsley Box floats in £84m IPO, Mobeus reaps 4.2x return
Mobeus sells one third of its holding, while remaining as the largest institutional shareholder in the business with a 14% stake
Astorg buys majority stake in Five Arrows-backed Opus 2
Five Arrows bought a minority stake in the legal technology company in 2017 and will now reinvest
CapVest sells Eight Fifty to Sofina Foods
Combined group is expected to employ 13,000 staff across 44 sites and generate $6bn in annual revenues
TDR Capital acquires BPP from Apollo's Vanta Education
Vocational course provider BPP was acquired by Vanta Education in 2009, prior to Apollo's investment
Graphite Capital invests in Higher Ed International
GP is acquiring a minority stake in the online education provider via Graphite Capital Partners IX
Klar Partners closes debut fund on €600m hard-cap
GP started raising the fund in March 2020 and said the vehicle was "significantly oversubscribed"
SEP sells Dotmatics to Insight Partners' Insightful Science
Scottish Equity Partners invested in the scientific informatics software in 2017
Inflexion sells Kynetec to Paine Schwartz Partners
Fourth exit in four months sees the GP net returns of more than 3x money and a 25% IRR
Cairngorm Capital buys majority stake in Bromborough
GP plans to support geographical expansion and add-ons for the paint and wall coverings distributor
Palamon, Corsair in £165m dividend recap for Currencies Direct
GPs reportedly mandated William Blair in December 2020 to explore strategic options
Queen's Park Equity backs MBO of Encore Group
Founding partners Stephen Chard and Neil Robinson will also retain a stake in the business
Albion exits Berkley Care for 2.5x return
Sale ends a seven-year holding period for Albion, which initially invested ТЃ16m in the business
Ethos invests in People Value
In addition to the equity deployed by Ethos, Harwood Private Capital provides senior debt to support the deal
BC Partners acquires Davies
Existing investors, US-based PE firm HGGC and Canadian firm AimCo, will remain invested with minority stakes
CBPE sells Xceptor to Astorg for 10.8x return
Sale ends a four-year holding period for CBPE, which bought a majority stake in Xceptor from SVG Capital
FPE sells Masstech to Genstar's Telestream
This is the second exit made by FPE Fund II, following the sale of intelligence provider IWSR to Bowmark
Inflexion buys minority stake in CMSPI
GP invests in the company via its minority-dedicated Inflexion Partnership Capital II fund
ICG acquires Lucid Group from LDC
Sale ends a four-year holding period for LDC, which invested ТЃ11m in the company in exchange for a minority stake
NVM in £10m MBO for Trust Systems
Company founders Tom Stone and Mike Dowson will remain significant shareholders in the business
Claris Ventures leads £15.2m series-B for NeoPhore
2Invest, 3B Future Health Fund, Astellas Venture Management and CRT Pioneer Fund also take part in the round
NVM in £18m MBO for Pareto
Deal is the seventh from NVM's Private Equity Vintage III Fund, which was raised in 2018
Bridgepoint Development Capital backs IDHL
GP is investing via Bridgepoint Development Capital IV (BDC IV), which closed on ТЃ1.5bn in September 2020
Kerogen sells Zennor Petroleum to trade
Kerogen Capital acquired a majority stake in Zennor in 2015, investing alongside Unigestion
FPE Capital backs Codestone
This is the ninth investment made by FPE Fund II, which held a ТЃ100m final close in October 2017