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UK unquote

Mediatonic makes videogames
Synova invests in Mediatonic

GP is currently deploying its third fund, which typically invests £10-30m per deal

  • Buyouts
  • 26 March 2019
Bali Muralidhar of MVM Partners
Abingworth appoints MVM's Muralidhar

Muralidhar will work with the team in London, Boston and Melo Park to source new investments

  • People
  • 26 March 2019
Business agreement
BVCA appoints former cabinet minister Michael Moore

Moore will take over from Tim Haines later in the year; Haines has been in the position since May 2013

  • People
  • 26 March 2019
Britain has voted to leave the European Union
UK private equity anxiety as Brexit crisis intensifies

Twists and turns in the Brexit process are making it increasingly difficult for private equity practitioners to prepare for what lies ahead

  • UK / Ireland
  • 26 March 2019
Businessmen having a conversation in a boardroom
Montagu shelves plans for €500m infra strategy to focus on PE

Montagu instead decides to focus on the €3bn fundraise for its sixth private equity fund

  • Funds
  • 26 March 2019
Car parks
Inflexion buys Creative Car Park

GP deploys capital from its Inflexion Buyout Fund V, which held a final close on £1.25bn in 2018

  • Buyouts
  • 25 March 2019
Financial advisers and investment managers
Epiris to acquire IFG Group in £206m take-private

Financial services group's adjusted operating profit grew by 18% annually to £12.4m in 2018

  • Buyouts
  • 25 March 2019
GPS satellites and associated technologies
PE consortium approaches £2.6bn deal for Inmarsat

Deal proposed by Apax, Warburg Pincus, CPPIB and OTPP has been recommended for approval

  • Buyouts
  • 25 March 2019
Fundraising in pounds sterling
VGC closes second fund on £50m

British Business Bank committs £30m to the vehicle through its Enterprise Capital Funds

  • Funds
  • 25 March 2019
Aerospace parts and long distance logistics
Livingbridge-backed Carousel bolts on BDA

With this deal, the GP expects to strengthen Carousel's market position across Europe

  • Portfolio management
  • 20 March 2019
Shopping and price comparison
Nauta Capital leads £1.5m round for BlackCurve

Mercia Fund Managers, which backed the company in 2018, also takes part in the funding round

  • Expansion
  • 20 March 2019
Warehouse and distribution logistics
Octopus Investments injects £3.3m into Veeqo

Company plans to use the funding to consolidate its position in the UK market and expand in the US

  • Expansion
  • 20 March 2019
Business consultants and strategy advisers
BC- and GIC-backed Acuris bolts on Blackpeak

Acquisition of the investigative research business comes amid a reported sale process for Acuris

  • Portfolio management
  • 20 March 2019
Investment apps
Synova reaps 46% IRR on £74.3m Defaqto sale to SimplyBiz

Sale of the financial data firm sees the GP generate a 3.9x return after a four-year holding period

  • Exits
  • 20 March 2019
Smartphones and social media
C5 Capital in $17m series-B for Blue Cedar

C5 Capital uses its C5 Cyber Partners II fund, despite not yet holding its first close

  • Expansion
  • 20 March 2019
3D animation tools
Hg sells Foundry to Roper Technologies for £410m

Sale of the visual effects software company brings to an end a four-year tenure for the GP

  • Exits
  • 19 March 2019
Fundraising in pounds sterling
ThinCats launches £100m PE-dedicated lending platform

Platform will invest £250,000-15m in initial sponsor-backed deals and back existing PE portfolio firms

  • Funds
  • 18 March 2019
WIT makes and sells sports apparel
VGC injects £2m into WIT Fitness

Sportswear retailer and gym operator will launch its hybrid stores in the US and continental Europe

  • Expansion
  • 18 March 2019
Commercial laundry services
Star Capital's Star Mayan bolts-on Aeroserve

Aeroserve is the third firm acquired by Star Mayan after the 2018 purchase of Grosvenor Contracts

  • Expansion
  • 18 March 2019
Human resources software developer
GMT spinout Apse buys Kallidus from FPE

Apse is a new private equity firm established by the core team of GMT Communications Partners

  • Buyouts
  • 15 March 2019
Stock market trackers and financial investment apps
Bowmark acquires Pirum Systems from Five Arrows

Pirum Systems has benefited from greater demand for financial compliance software

  • Buyouts
  • 15 March 2019
Banks and financial institutions
Fuel Ventures leads £2m round for CreditDigital

Online credit provider will pursue product development and invest in marketing activity

  • Expansion
  • 14 March 2019
Antivirus and cybersecurity
Palatine-backed Cyberfort bolts on Auriga

Palatine acquired The Bunker in 2017, has supported one other acquisition and created a new business

  • Expansion
  • 14 March 2019
Advertising online
Updata injects $14m into Adthena

Funding round will enable the AI marketing software company to pursue international expansion

  • Expansion
  • 14 March 2019
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