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UK unquote

Insurance brokers
Hg sells A-Plan to trade buyer Howden

A-Plan was part of the portfolio of Hg 7, which closed on £2bn in April 2013

  • Exits
  • 23 September 2020
Monthly UK exit volume in 2020
UK exits set to drag in Q3

Early figures from the third quarter suggest that very few GPs will be in sell mode for the rest of the year

  • UK / Ireland
  • 23 September 2020
Business courses and employee training services
Agilitas-backed LCG acquires Acorn

Agilitas acquired LCG in March 2020 for an enterprise value of £125-150m from MML Capital

  • Portfolio management
  • 22 September 2020
5G network masts
IQ Capital et al. in £5.8m series-A for AccelerComm

Existing investors Bloc Ventures and listed technology investor IP Group also participate

  • Expansion
  • 22 September 2020
Pharmaceuticals
Morningside leads £40.6m series-B for Immune Regulation

Morningside's Isaac Cheng will join the company's board of directors

  • Early-stage
  • 22 September 2020
Specialist vehicles and customisation
BGF invests £3m in 365 Response

BGF's investment will be used to accelerate the development of the technology platform

  • Expansion
  • 21 September 2020
People moves and promotions
Rede Partners appoints Ellul as chairman

Firm has also hired associate principals Etiene Ekpo-Utip in the UK and Matthew Zuckerman in the US

  • People
  • 21 September 2020
Fundraising in the UK
Notion IV to close in 2020 above £125m target

LPs in the fund include Nuclear Liabilities Fund, Pentland Group, Pool Reinsurance Company and Pruger

  • Funds
  • 21 September 2020
Fundraising in the UK
Kindred's second fund closes on £81m

Kindred is currently projecting that around €5.4m will be returned to founders from Kindred I

  • Funds
  • 21 September 2020
Fruit bars
Peak Rock acquires Halo Foods

Founded in 1980, Halo generated revenues of £35.2m in the year to 28 December 2019

  • Exits
  • 18 September 2020
Oliver Bond of MML Capital Partners
MML hires Bond and Birkin

MML is currently raising for MML Partnership Capital VII, which held a first close in October 2019

  • People
  • 18 September 2020
Insurtech services and software
Blackstone invests in $500m round for Ki

Blackstone is currently investing from its third-generation Tactical Opportunities fund

  • Early-stage
  • 17 September 2020
Job applications and new recruits
Aberdeen Standard appoints Redman as head of private markets

Redman will be supported by Neil Slater in his capacity as deputy head of private markets

  • People
  • 17 September 2020
Industrial air duct
RDCP wholly acquires HVAC business Macair

Macair's management team will stay on with the company following the transaction

  • Buyouts
  • 16 September 2020
Fundraising in the UK
Clean Growth Fund to close in 2021 on £150m hard-cap

Typical equity cheques will start at £500,000-3m for any initial investments

  • Funds
  • 16 September 2020
Marketing meetings
BGF invests £2.6m in MRM

MRM Global also appoints former Diageo executive Andy Fennell as non-executive chairman

  • Expansion
  • 15 September 2020
Restaurants and bars
Palatine-backed Gusto applies for CVA

Palatine backed the company's management buyout from Living Ventures Group in April 2014

  • Exits
  • 14 September 2020
Restaurants and reservations
Partners Group in talks to acquire BC-backed Côte – report

A spokesperson for Cote confirmed a sale is among several options being explored for the company

  • Exits
  • 14 September 2020
Smart city developers and Internet-of-Things companies
Whitehelm in £80m funding round for Connexin

Whitehelm has taken a large minority stake, with the management team retaining the majority

  • Buyouts
  • 14 September 2020
Computer services and business enterprise software
MML supports Arrow's acquisition of Click Networks

Click Networks is the third acquisition following MML's investment, alongside Altinet and BTL

  • Expansion
  • 11 September 2020
Solar energy
Volery takes minority stake in SDC

For the year ending on 30 April 2019, Sustainable Development Capital generated turnover of £12.6m

  • Expansion
  • 11 September 2020
Computer animation of DNA strand
AMoon leads £23m series-A for Mina Therapeutics

Gur Roshwalb, a managing director for AMoon, has joined the board of directors at Mina

  • Early-stage
  • 11 September 2020
Fundraising in dollars
Anthemis venture fund to hold final close before H2 2021

To date, AIVGF I has secured backing from a number of investors such as Nürnberger

  • Funds
  • 10 September 2020
Blockchain technology
Digital Currency acquires Luno

Digtal Currency has backed more than 160 blockchain companies including Grayscale Investments

  • Expansion
  • 10 September 2020
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