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United Kingdom

Stem cell storage and associated biotechnology
Foresite et al. in $41.5m series-A for Bit Bio

Foresite is currently investing from its fourth-generation fund, which closed on $668m in 2018

  • Early-stage
  • 16 June 2020
Guernsey
Guernsey Finance launches fast-track applications for managers

Scheme aims to allow fund managers with funds not registered in whitelisted jurisdictions to migrate

  • Regulation
  • 15 June 2020
Fundraising in euros
NB closes Euro Crossroads 2018 fund on €260m

LPs in previous Crossroads vehicles include the Iowa State University Foundation and WSI Investments

  • Funds
  • 15 June 2020
Mood surveys
Vast majority of LPs satisfied with GP transparency – survey

Coller Capital's PE Barometer also reported LP concerns about forward-looking EBITDA add-backs

  • LPs
  • 15 June 2020
Biotechnology and DNA sequencing
Astanor leads series-A round for Hyris

Neos Medica, IDB Holding – the holding company controlling Indena – and Pi Campus also participate

  • Expansion
  • 12 June 2020
Waiting for the market to change
Third of LPs put fund commitments on hold – survey

Brackendale Consulting survey also revealed that 62% would commit to a fund without a personal visit

  • LPs
  • 11 June 2020
Mental health services
Tictrac raises $7.5m from Puma Private Equity

Company has so far raised $17m since being founded in 2010

  • Expansion
  • 11 June 2020
Discounted invoices are currently all the rage
Goldman Sachs et al. back $27m round for H4

Barclays Ventures, JP Morgan and Linklaters also invest in the digital documentation firm

  • Expansion
  • 11 June 2020
Driveways and off-street parking
LDC-backed Linley & Simpson acquires Link Agency, Dawson Wake

Previous acquisitions were financed by Santander Corporate and Commercial Banking

  • Portfolio management
  • 11 June 2020
Womenswear and fashion retailers
Bridgepoint-backed Fat Face in debt-to-equity swap – report

Deal would reduce Fat Face's present £120m borrowing levels via a debt-for-equity swap

  • Exits
  • 11 June 2020
Catherine Lewis La Torre of British Business Bank
BBB appoints Lewis La Torre as interim CEO

In October 2019, Keith Morgan announced that he would be standing down from the role of CEO

  • People
  • 11 June 2020
A businesswoman shakes on the agreement
Keyhaven Capital hires two

Anne Niederstaetter and Alma Lawrie will bolster the firm's investment and investor relations teams

  • People
  • 10 June 2020
Recruitment consultancy and job search services
Maven invests in Redwigwam

Steve Harris joins as MD for technology and operations while Dawn Paine becomes marketing director

  • Expansion
  • 10 June 2020
Marketing meetings
CD&R-backed Huntsworth acquires Cormis

Cormis partners will continue to lead Cormis and join the Huntsworth division's leadership team

  • Portfolio management
  • 10 June 2020
Shutters and windows
BGF invests £10m in Decora

For 2018, the window coverings and blinds manufacturer reported £72.7m in revenue

  • Expansion
  • 09 June 2020
Kay Ashton
Silverfleet's Ashton leaves position as partner

Ashton will continue to act as a consultant to Silverfleet and as a non-executive director for Sigma

  • People
  • 08 June 2020
Call centres and outsourcing firms
BGF invests £3m in ROI

Headquartered in Manchester the company reports annual revenues in excess of £1m

  • Expansion
  • 08 June 2020
Modular building
Norvestor Equity sells Wexus to TDR-backed Algeco

Sale ends a three-year holding period for the GP, which invested in the company via its seventh fund

  • Exits
  • 05 June 2020
Coding and software
BGF invests £6m in Amdaris

Headquartered in Bristol, Amdaris employs 200 developers and generates revenues of £7.2m

  • Expansion
  • 05 June 2020
delayed-train-sign-web
Panoramic delays fundraising to H1 2021

Panoramic Growth Fund 2, which closed on £65m in May 2016, is around 60% deployed currently

  • Funds
  • 05 June 2020
Rice paddies and food importers
Temasek leads $28.5m series-B for Tropic Biosciences

New investors include Sumitomo Europe, Genoa Ventures, Agronomics and Skyviews Life Science

  • Expansion
  • 05 June 2020
Tumour analysis and biotechnology
OrbiMed leads $70m round for Mereo

Mereo announces plans to advance Etigilimab (Anti-TIGIT) into a phase-Ib study in Q4 2020

  • Early-stage
  • 05 June 2020
People moves and promotions
Spectrum appoints Patey

Patey was a director at BDO before taking this position as lead advisory director

  • People
  • 05 June 2020
Science laboratories and medical diagnostics
Novo Ventures leads $55m series-B round for NodThera

Biotech company has so far raised $95m over two funding rounds

  • Early-stage
  • 04 June 2020
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