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UK unquote

Medherant develops transdermal drug patches
Mercia invests £2.5m in Medherant

Investment is part of a £3.8m funding round from other private investors and existing shareholders

  • Expansion
  • 11 December 2017
New hires and promotions
Tenzing appoints Investec's Murray to investment team

Third recent hire for the investment team after Messer and Reynolds joined last month

  • People
  • 11 December 2017
UK and Ireland private equity fund final closes
UK fundraising continues apace in 2017

Final closes in the first three quarters of the year show the UK is on track to surpass the post-crisis fundraising peak set in 2016

  • Fundraising
  • 11 December 2017
200 Degrees is a cafe chain
Foresight injects £3m into 200 Degrees

Business will use the fresh funding to open new coffee shops and invest in wholesale distribution

  • Expansion
  • 08 December 2017
New fund registered with Companies House
Passion Capital files for third fund

Second fund targeted equity investments of up to £2m in very early-stage businesses

  • Funds
  • 08 December 2017
Wood flooring materials
Alcuin sells Domus to Headlam for up to £35.4m

Sale of tile and hardwood floor business brings to an end a five-year holding period for the GP

  • Exits
  • 08 December 2017
Data hosting and global web management
LeapFrog leads $40m series-C for WorldRemit

Fresh capital will be used to expand the company's payment services into new markets

  • Expansion
  • 08 December 2017
Board room deals and discussions
LDC promotes two, hires one

GP simultaneously announces that director Aston will move from Birmingham to London

  • People
  • 07 December 2017
Designer clothes
Livingbridge sells Crew Clothing to Exquisite Apparel

Sale of the clothing retailer brings an end to an 11-year holding period for the GP

  • Exits
  • 07 December 2017
Money raised in euros
Bridgepoint raises €5.5bn for sixth fund

GP exceeded its €5bn target and completed the fundraising ahead of schedule

  • Buyout
  • 07 December 2017
UK records surge in all-equity buyouts
Mercia holds £45.1m first close for EV Growth II

Tech-focused fund will make investments of up to £5m in buyouts and replacement capital deals

  • Funds
  • 07 December 2017
Engineering consultants and services
BGF, First Derivatives invest in AuditComply

Deal is the first to be jointly made by the backers after they announced a strategic partnership

  • Expansion
  • 06 December 2017
Insurtech services and software
CDPQ takes $400m stake in Hyperion

CDPQ joins the UK insurer alongside General Atlantic, which acquired a 33% stake in March 2013

  • Expansion
  • 06 December 2017
Car insurance
Deal in Focus: BC-backed Sabre floats with £575m market cap

IPO of the insurance underwriter raised £206m to acquire shares owned by BC and other investors

  • Exits
  • 06 December 2017
People moves and promotions
Bregal Freshstream hires de Graauw from Bain & Company

In his new role, de Graauw will be responsible for overseeing portfolio development

  • People
  • 06 December 2017
Data analysis
Synova-backed Defaqto refinances

New funding package will enable the business to repay shareholder debt and invest in further growth

  • Refinancing
  • 05 December 2017
Holiday homes and hotels
Pentech et al. in £3m round for TravelNest

Deal for the holiday bookings management platform is the first made by Pentech and Mangrove's new funds

  • Expansion
  • 04 December 2017
Elderly care
Terra Firma calls on H/2 to accept Four Seasons proposal

Development comes a month after the GP proposed to hand over its stake for a nominal sum

  • Exits
  • 04 December 2017
Wealth managers and financial advisers
Hg-backed Cogital buys Shelley Stock Hutter

Shelley Stock Hutter is the first acquisition made under the Blick Rothenberg brand

  • Portfolio management
  • 01 December 2017
UK fund closes and launches
Episode 1 closes second fund on €60m

BBB-backed tech-focused vehicle was oversubscribed and is 60% larger than its predecessor

  • Funds
  • 01 December 2017
Several promotions and appointments
Hughes Armstrong makes changes to management team

Founder Steve Lord takes charge of a portfolio company as the firm faces "excessive headwinds"

  • People
  • 01 December 2017
Manu Chao on tour in Greece in 2014
Riverside-backed DPA Microphones buys Sound Network

Acquisition of professional audio distributor comes four years into the GP's holding period

  • Portfolio management
  • 30 November 2017
New hires and promotions
Sidley appoints Simpson Thacher's De Vlieger and Lefranc

Recruits leave their roles as counsel and associate after 10 and nine years respectively

  • People
  • 30 November 2017
Driverless cars and proximity sensors
ADV and Mercia inject £1.3m into MindTrace

Collision-avoidance systems developer will recruit a development team and CEO following the deal

  • Early-stage
  • 30 November 2017
146 147 148
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