United Kingdom
MMC leads $7m series-A for Ably
MMC Ventures invests from its MMC Greater London Fund, which closed on ТЃ52m in May 2019
Redmile buys additional 12.67% of Redx
Upon completion of the transaction, Redmile will own a total of 110.6 million Redx shares
Searchlight appoints Crowston as special adviser
Searchlight is currently raising for its third fund, which held a close on $2.75bn in July 2019
Clearwater makes eight hires in the UK
Dyke and Grassby have been promoted to the position of partner and director, respectively
August promotes Muckle to investment director
Muckle joined August Equity in 2017 and most recently co-led their investment in AirIT
TPA appoints Williams as investment associate
UK-based TPA Capital is an equity investor that provides equity cheques of ТЃ5-50m
Limerston supports AdviserPlus in acquisition of Halborns
Limerston acquired HR consultancy AdviserPlus in November 2016, drawing equity from its debut fund
Gilde Healthcare V close on $450m hard-cap
Legal advice was provided by a team from Jones Day led by partner Quirine Eenhorst
Arbor's Steelite acquires Homer Laughlin food subsidiaries
Arbor acquired Steelite International drawing from Arbor Investments IV in December
Tenzing hires Elliott
Elliott will continue to lead Tenzing's Entrepreneurs Panel, which he has been doing since 2017
UK Covid-19 liquidity support snubs leveraged and mid-market companies
CCFF initiative seems designed with traditional corporate issuers in mind instead of leveraged finance issuers
Investors participate in $34m series-B for SoftIron
Founded in 2012, SoftIron designs and builds purpose-built data-centre appliances
Accel in $20m series-B for Humio
US-based Accel is currently investing from its London VI vehicle, which closed on $575m
Preservation Capital Partners Fund I holds first close
To date, PCP I has mainly institutional investors from both North America and Europe
BC, Vista-backed Advanced buys Tikit from BT Group
Advanced plans to consolidate its market position in the UK, while expanding its global footprint
PE-backed BMS acquires Jurado Mata
BMS's backers invested in the company in June 2019, in a deal that gave it an EV of ТЃ500m
August-backed Amtivo acquires Certification Europe for €6m
Based in Dublin and founded in 1999, Certification Europe has offices in the UK, Japan and Italy
Consortium backs £100m round for Cazoo
Online car buying marketplace was backed by investors including DMG Ventures and Eight Roads
Ardian-backed Celli buys T&J Installations
Celli plans to consolidate its market position in the UK and further expand internationally
Dunedin exits Kingsbridge
Kingsbridge was a Dunedin Buyout Fund III portfolio company, which closed on ТЃ300m in June 2013
UK holiday parks advised to close: Portfolios affected
British Holiday and Home Parks Association has advised its members to close all holiday parks
KKR buys Viridor from Pennon in £4.2bn deal
Enterprise value of the company equates to 18.5x its adjusted 2018/19 EBITDA of ТЃ225.4m
UK industry welcomes rescue package, but concerns remain
Package includes ТЃ330bn in loans, ТЃ20bn in other aid and a postponement of business rates
Baird Capital backs Aura Futures
Baird is currently investing from its maiden globally focused private equity fund, which closed on $310m