United Kingdom
Endless-backed The Book People goes into administration
Book retailer The Book People will continue to trade and no redundancies are planned
Mayfair-backed GCI to acquire Nasstar for £79.4m
Mayfair draws equity from its second fund, which closed on ТЃ650m, to support the acquisition
3i scores 4.1x on Aspen Pumps sale to Inflexion
Sale of the pumps manufacturer represents a 4.1x return on invested capital and a 34% IRR for 3i
Octopus, Calculus lead £3.6m round for Fiscal
Octopus draws equity from its Apollo VCT for the investment, which manages ТЃ30m
HIG Capital carves out Lagardère Sports
Planned disposal values sports media agency LagardУЈre Sports at approximately тЌ110m
NorthEdge-backed Total Fitness acquires Pro-Fit
NorthEdge invested ТЃ11.5m for a majority stake in the company in 2015, using its debut fund
Zetland Special Situations Fund I closes on €372m
Zetland has a team of 14 investment professionals and €500m in assets under management
Astorg sells Audiotonix to Ardian
Audiotonix is the first realisation from Astorg VI, which closed on тЌ2.1bn in 2016
BlackRock, Sofina in £66m round for THG
THG has taken out a new five-year ТЃ150m revolving credit facility provided by Barclays and HSBC
Bridgepoint-backed Qualitest acquires AlgoTrace
Founded in 2015, AlgoTrace is based in Petach Tikva, Israel, and employs eight people
PAI-backed Froneri buys Nestlé US ice cream business for $4bn
NestlУЉ will continue to manage its remaining ice cream operations in Canada, Latin America and Asia
Ada holds first close on £27m
Ada Ventures' founding partners, Francesca Warner and Matt Penneycard, met at Downing Ventures
MJ Hudson lists in £97m London IPO
Multi-service advisory firm raises ТЃ31.4m from new and existing investors
FSN sells Fitness Word to Pure Gym
Buyer has been owned by US buyout house Leonard Green & Partners since late 2017
Souter takes majority stake in Stone restructuring
Several LPs in RJD's fund have reinvested in the new vehicle, including the RJD partners themselves
Acorn Growth buys Aerospares 2000
Company's founder, Adam Nemenyi, will remain CEO and retain a significant minority stake in the business
Horizon acquires Ascent and TechHuddle for £30m
Horizon expects to merge the two IT services providers to create a business with 300 developers
Equistone-backed WHP Telecoms acquires Sitec
Equistone acquired WHP from Palatine Private Equity in March 2018, drawing equity from Equistone VI
NorthEdge sells DHG to ArchiMed for 3x return
During NorthEdge's holding period, the company made bolt-ons such as Nightingale, Kirton and Qbitus
NVM invests £11.6m in King Construction
NVM drew equity from its third-generation fund, which closed on ТЃ142m in November 2018
EIP hires Moosa for Europe expansion
US-based EIP hires VT's Nazo Moosa to work alongside Matthias Dill at EIP Europe
WestBridge invests £12.8m in Aptus Utilities
Aptus Utilities has also received financing from OakNorth Bank as part of this transaction
VCs in £7m round for Perlego
Perlego offers access to online textbooks for a subscription fee of ТЃ12 per month
Idinvest leads $50m round for Ogury
Idinvest is currently investing from its тЌ350m vehicle, which held a final close in October 2019