UK unquote
Morrisons suitor Fortress could take its time to respond to CD&R bid
CD&R's 285 pence bid pipped Fortress's earlier offer, leading Morrisons' board to switch its recommendation
Montagu sells Servelec to PE-backed Access Group
GP acquired the health and social care software developer in a GBP 223.9m take-private in 2018
Palatine exits Verdant Leisure for 3.7x money
Palatine acquired the UK-based holiday park operator in a GBP 40m SBO from RJD Partners in 2016
Cardinal Capital to acquire MML-backed Ashdale Care
A source close to the situation confirmed the deal; it was first reported in the Irish Sunday Times
Livingbridge acquires RealVNC
Equity comes from the GP's GBP 1.25bn Livingbridge 7, which has made four deals in Europe so far
Livingbridge invests in Jungle Creations
GP is investing in the social media content agency via its SME-focused Enterprise 3 vehicle
Highland, Brookfield lead USD 100m round for Plentific
Mubadala Investment Company and existing investors including Target Global have backed the round
MML, 57 Stars invest GBP 20m in Natural World Products
MML Growth is backing the waste recycling and compost production firm via its EUR 135m second fund
Waterland buys fire safety business Writech
Following the deal, Waterland will have six portfolio companies with a presence in Ireland
VCs in USD 292m round for WorldRemit
Series E from Farallon, Leapfrog, TCV and Accel sees the firm rebrand as Zepz at a USD 5bn valuation
MML sells Sonas Bathrooms to management
MML Growth acquired a minority stake in the Ireland-based bathroom products supplier in 2017
Bridges exits The Vet in trade sale
Exit is the firm's third since July 2021, following SBOs of Wholebaker and World of Books
Wm Morrison board accepts GBP 7bn CD&R offer
Deal would be the largest PE-backed take-private in the UK since Boots' GBP 11.1bn delisting in 2007
Inflexion to acquire Sunovion Pharmaceuticals Europe
Inflexion's previous pharmaceutical sector investments include Rosemont Pharmaceuticals
Charme, Livingbridge sell Witherslack to Mubadala Capital
Both Charme and Livingbridge are to retain minority stakes in the school and care home operator
Montagu hires Woehl as ESG manager
Kim Woehl joins following four years as a manager in PwC's sustainability and climate change team
Rutland acquires Southgate Global
Acquisition of the packaging company is the 11th platform deal from Rutland Fund III
Exponent to exit publisher Dennis in GBP 300m trade sale
Deal ends a three-year holding period and nets returns of more than 3x money and 40% IRR for the GP
Apiary invests in MediaSense
Apiary is currently deploying its debut fund, which closed on GBP 200m in 2018
Rockpool nets 12.7x on sale of Outright Games to EMK
Rockpool took a majority stake in Outright in 2016, providing growth capital to the team
Cairngorm raises GBP 200m for fund III
Fund was oversubscribed and has already made five investments following its 2019 launch
Synova's Mintec buys Kairos
Synova acquired its stake in Mintec from the Peksa family in early 2018
LDC backs GBP 65m MBO of Texecom
LDC buys the provider of intruder alarm systems from its listed parent Halma
Video: Q&A with Rutland Partners' David Wardrop
David Wardrop joins Unquote editor Greg Gille to discuss how the firm is approaching the post-Covid investment landscape