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UK unquote

Enterprise software
Inflexion invests in Ridgewall, backs acquisition of QDos

QDos is Ridgewall's fourth acquisition in the past year and was backed by Inflexion

  • Buyouts
  • 22 November 2019
Biogas and other renewable energy power plants
Macquarie acquires Biocow stake

BioCow uses anaerobic digestion to create energy from agricultural waste

  • Buyouts
  • 22 November 2019
Online data services
FTV Capital leads $65m round for CloudFactory

FTV Capital partner Alex Mason and principal Puskoor join CloudFactory's board

  • Expansion
  • 22 November 2019
Fraud prevention services
Mobeus leads $11m series-A for Active Navigation

Company plans to open offices in New York and Los Angeles, and launch a new SaaS product

  • Expansion
  • 21 November 2019
Gas boilers and kerosene suppliers
Bridges invests in AgilityEco

Bridges drew equity from its Evergreen fund, which held a final close on £50m in July 2018

  • Expansion
  • 21 November 2019
Direct secondaries acquisition
August Equity targeting early-2020 close for fifth fund

August Equity Partner IV closed on £224m in April 2017 and recently made its 10th acquisition

  • Funds
  • 21 November 2019
Marketing software
Cinven, Astorg to acquire LGC for £3bn

Advent International, Bain, Blackstone and Carlyle were among the bidders in the process

  • Buyouts
  • 21 November 2019
Biotechnology and medical sciences
Syncona leads £32m series-B for Azeria

Magda Jonikas and Martin Murphy of Syncona join the board of Azeria Therapeutics

  • Early-stage
  • 21 November 2019
Dentistry tools
August acquires dentistry software developer Code

Deal is the 10th investment from August Equity Partners IV, which closed on £224m in 2017

  • Buyouts
  • 21 November 2019
Contracts and business agreements
Mid-market stays loyal to English limited partnership

Luxembourg structures may have their proponents, but the Brexit drama does not seem to have dented the appeal of the English partnership

  • Fundraising
  • 21 November 2019
Cobham manufactures aerospace components
Advent's £3.9bn Cobham take-private likely to go ahead

Advent made a takeover offer of 165 pence per share in cash, which represents a 34% premium in July

  • Buyouts
  • 20 November 2019
Electronic invoicing software
August Equity exits Wax Digital

This is the fund's sixth realisation, following the sale of Vet Partners and Compass Community

  • Exits
  • 20 November 2019
Data mining and process analytics
Foresight sells Idio for 2x return

Insight Venture Partners acquired Episerver, the acquirer, from Accel KKR in 2018

  • Exits
  • 20 November 2019
Business internships for graduates
Fog City leads $6m series-A for Ad-Lib

Company will use the fresh capital to expand further in the EMEA and Asia-Pacific regions

  • Expansion
  • 20 November 2019
Fundraising in dollars
Hermes GPE closes PEC IV on $603.5m

Predecessor vehicle PEC III closed on $389m in October 2017 and is now fully deployed

  • Funds
  • 19 November 2019
Aeroplane engines and aerospace services
Arlington acquires Doncasters' forging business

Arlington expects to put fresh capital into the business and grow it through acquisitions

  • Buyouts
  • 19 November 2019
Bricks and construction materials
Cairngorm acquires Grant & Stone

Cairngorm partners with the company's management team, led by chief executive Nick House

  • Buyouts
  • 19 November 2019
People moves and promotions
PE-backed CFO salaries see 5% annual increase – survey

Majority of respondents say that equity is a key driver in accepting their overall compensation package

  • Industry
  • 19 November 2019
UK fund closes and launches
MMC Ventures holds final close for Scale Up Fund on £100m

Bluetower Associates acted as placement agent and Osborne Clarke provided legal advice

  • Funds
  • 19 November 2019
Tim Hames of FTI Consulting
BVCA's Tim Hames joins FTI Consulting

Hames was recently replaced as director general by former cabinet minister Michael Moore

  • People
  • 19 November 2019
Bedroom furniture
Alteri to acquire Steinhoff businesses

Acquired businesses include Bensons for Beds, Harveys Furniture, Relyon and Steinhoff UK Beds

  • Buyouts
  • 18 November 2019
Cocktail bars and nightlife entertainment
BGF exits Bar Soba

Bar Soba's management team and staff will stay on with the company following the acquisition

  • Exits
  • 18 November 2019
Personalised and printed electronics
Elysian's Pebble Group formalises intention to float

Elysian bought Brand Addition from HIG in 2017, acquiring US-based Facilis Group a year later

  • Exits
  • 18 November 2019
Driverless car
Eclipse leads $20m series-A for Wayve

Existing investors Compound, Firstminute and Fly Ventures all participated in the round

  • Early-stage
  • 18 November 2019
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