UK unquote
Bridgepoint-backed Qualitest acquires AlgoTrace
Founded in 2015, AlgoTrace is based in Petach Tikva, Israel, and employs eight people
Ignite Growth invests in Junkyard Golf – report
Ignite Growth invests equity tickets of £2-15m in companies with enterprise values of up to £30m
PAI-backed Froneri buys Nestlé US ice cream business for $4bn
Nestlé 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 £31.4m from new and existing investors
DBay acquires Eddie Stobart for £55m
DBay has also negotiated a new revolving credit facility for the transport and logistics company
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
IAG's Martin Scott joins Sanne
Scott, who was previously director of IAG's PE business, is now head of Guernsey at Sanne
Horizon acquires Ascent and TechHuddle for £30m
Horizon expects to merge the two IT services providers to create a business with 300 developers
Paine Schwartz invests in Warburton
Firm is investing from Paine Schwartz Food Chain Fund IV, which closed on $893m in 2014
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 £142m in November 2018
Apiary invests in Roar Techmedia
Unquote understands the entry multiple for the trade events company was 6-8x EBITDA
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 £12 per month
Idinvest leads $50m round for Ogury
Idinvest is currently investing from its €350m vehicle, which held a final close in October 2019
Exponent acquires KPMG pensions advisory
In November 2018, KPMG announced it would no longer provide consultancy work for its audit clients
Mobeus invests £4m in IPV
Calculus Capital invested €2.5m in the media management software provider in 2015
GP Profile: Bowmark Capital
Unquote catches up with managing partner Charles Ind to discuss fundraising, origination strategies, co-investments, and more
NVM sells VCT business for up to £25m
Mercia approached NVM four to five months prior to the acquisition to enter discussions
Albion sells Bravo Inns for £17.9m
Enterprise value of the company represents an entry multiple of 6.8x for the acquirer