United Kingdom
VC-backed Cazoo acquires Target Global-backed Drover
Cazoo generates revenue of ТЃ150m and has a valuation of more than ТЃ2bn
LDC exits Texthelp, Five Arrows invests
LDC was seeking around five potential sponsors in October 2020, one of which was ECI Partners
Ontario Teachers' hires Nick Jansa from Deutsche Bank
Jansa joins from Deutsche Bank, where he spent more than 24 years
Mobeus backs £9.5m ABL1Touch buyout
Management team will be joined by Bill Duffy, previously of Nationwide Autocentres
AnaCap acquires Novia
Total equity in the business was worth ТЃ26.7m as of April 2020, according to Companies House
Maven buys Envitia for £17m
Envitia, a geospatial technology provider, reported ТЃ6m in revenues and ТЃ998,000 in EBITDA in 2019
Twenty20 appoints Folwell-Davies
Folwell-Davies joins from Deloitte where she led the firm's human capital services M&A practice
Montagu acquires Capita's ESS, invests in ParentPay
Completion of the ESS sale is subject to approval from Capita's shareholders
WestBridge buys Eque2 for £46.5m from LDC
Between 2017 and 2020, the business increased revenues by 29% and EBITDA by 85%, according to a statement
Bridges establishes office in Manchester, hires Braham
Bridges has backed several businesses in the North, including GEV and the Ethical Housing Company
Rockpool invests in Xiatech
Martin Moran joined Xiatechтs board at completion of the deal as chairman
Cabot Square sells Asset Alliance for £4.1m
Asset Alliance's debt, including a ТЃ140m RCF, will be refinanced by the acquirer following completion
Octopus, BGF lead $24m round for Orbex
Existing investors High-Tech GrУМnderfonds, Heartcore Capital and Elecnor also participated
ECI sells Arkessa to trade for 2.1x return
Arkessa was held in ECI Partners' 10th fund, which closed on ТЃ500m in 2014
EQT Ventures leads $44m series-B for Cleo
Existing investors Balderton Capital and LocalGlobe also participated in the round
Endless acquires Party City's international assets for $59m
Amscan, the UK business being sold, will have its management team continue in place
RA leads $45m round for PepGen
With a seed investment of ТЃ4.5m from OSI, PepGen was spun out in 2018
LDC appoints new CEO
Toby Rougier joins from Lloyds Banking Group, where he is currently group corporate treasurer
BGF appoints Isherwood and Strang to board
Kris Isherwood is currently CFO of Eight Roads and Jim Strang is chairman of Hamilton Lane
Inflexion sells LCP to Charterhouse for £300m
LCP's executives and employees own a majority of its shares and its partners will increase their share
VCs in $36.7m series-C for Weaveworks
Weaveworks will use the fresh capital to enhance its platform and accelerate market expansion
Insight Partners leads £100m investment in Exclaimer
New investor Farview Equity Partners and existing investor Livingbridge both participate
General Atlantic promotes two
Melis Kahya Akar becomes managing director and Caroline Woodworth is promoted to principal
Cavendish promotes Farrugia to managing partner
Farrugia has also held positions at Strata Partners and Close Brothers Corporate Finance