United Kingdom
2021 Preview: UK activity on the up, but market braces for tax hit
UK market players are finding solace in investment volumes pulling back towards pre-Covid-19 levels
Piper invests £7m in The Thinking Traveller
Ian Simkins, former CEO of Audley Travel, will join the business as executive chairman
Sova VC makes first investment from debut fund
Although sector agnostic, the Sova VC team has a focus on technology and healthcare
Sun Capital et al. in £13m round for Roxi
Other investors in the funding round include Terra Firma founder Guy Hands and other angel investors
Marcol-backed HealthHero acquires Eight Roads-backed Doctorlink
Doctorlink generated ТЃ3.8m in turnover and EBITDA of -ТЃ7.6m in the year ending on 30 June 2020
Sovereign Capital backs Zenitech
Sovereign backs Zenitech founders Christopher Lacy-Hulbert, Edward Batrouni and Csaba Suket
Gyrus buys LivaNova heart valve business for €60m
Gyrus has also made an offer for the heart valve's French division, but a decision remains to be made
NVM makes four promotions
NVM has promoted its finance director, head of legal and an investment director to partner
THI invests in Corndel
Corndel, an education provider, will focus on developing its training offering with the new investment
LDC acquires minority stake in Foundation SP
LDC has backed the company's existing management team, led by Simon Grosse as CEO
Investors in £60m round for Monzo at £1.24bn valuation
Monzo has been using the UK furlough scheme and subsequently making around 80 employees redundant
Earth Capital leads £3m round for Propelair
Around ТЃ500,000 of the capital was raised from 866 new investors in Seedrs' network
Livingbridge sells Up Group to Omers-backed Alexander Mann
Livingbridge has invested in several recruitment businesses, including Armstrong Craven and Staffline
AEA aquires majority stake in Battery-backed PST
PST is a group of seven companies in Battery Ventures XI fund, which closed in 2016
Cinven, BCI to acquire Compre from CBPE
This is Cinven VII's third acquisition following the purchase of LGC and Thyssenkrupp Elevator
Perwyn acquires Agilitas from NVM for 8.4x returns
Agilitas recorded revenues of ТЃ12m in the year to March 2019, up from ТЃ9m in the same preceding period
Mobeus exits Vectair for 8.3x return
Oxbow seeks to invest in mid-market companies with a revenues range of $20-250m
Kinnevik leads $70m series-C for HungryPanda
Kinnevik joins new investors Piton Capital, BurdaPrincipal Investments and VNV Global
Mobeus sells stake in Advantedge for 30% IRR
Mobeus reported a 2.7x return on the sale to ECapital, a provider of alternative financial products
Capita in exclusive talks with Montagu to sell its ESS division
Capita engaged with Goldman Sachs in June 2020 to sell the asset for around ТЃ500-700m
GP Profile: Tyrus banks on quick secondaries turnaround
Waldner says the firm looks to raise тЌ200-250m every 12-15 months and is now raising its fifth fund
H2 acquires Optegra
Vendor of the ophthalmology company is Eight Roads, Fidelity International's private equity arm
Permira's Exclusive Group bolts on Nuaware
Company has made add-ons in Europe, Canada and Hong Kong since Permira's investment in 2018
LDC sells Panther Logistics to trade
LDC's Midlands team originally invested in 2016 as part of a ТЃ17m management buyout