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UK unquote

UK fund closes and launches
Synova holds £365m first and final close for fourth fund

Vehicle surpassed its £300m target and closed with 46% more in commitments than its predecessor

  • Funds
  • 28 June 2019
Website design and hosting services
BGF invests £13m in Miss Group

BGF first invested in the company in August 2018 and has supported several acquisitions

  • Expansion
  • 28 June 2019
Legoland parks
Blackstone et al. agree £4.77bn Merlin take-private

Proposed transaction also includes co-investment from CPPIB and the investment arm of Lego

  • Buyouts
  • 28 June 2019
Promotions and recruitment
Kester hires four

Kester is actively looking for investment opportunities in the UK lower-mid-market

  • People
  • 28 June 2019
Subi Inayat of BGF
BGF hires Inayat in Birmingham office

BGF's newest investor joins from the KPMG corporate finance team and is a chartered accountant

  • People
  • 27 June 2019
Social housing and high-rise residential blocks
H2 invests in Siderise

Manufacturer of insulating materials used in construction made an operating profit of £2.6m in 2017

  • Buyouts
  • 27 June 2019
Special needs care
Elysian acquires Aspirations Care from August

Deal for the residential care provider brings to an end a seven-year holding period for the vendor

  • Buyouts
  • 26 June 2019
Secondhand cars
TDR to de-list BCA Marketplace in £1.9bn deal

Price gives the car auction business an enterprise value multiple of 12.5x its adjusted EBITDA

  • Buyouts
  • 26 June 2019
Debit and credit cards and other payment services
Hg- and TA-backed Access acquires Eazy Collect

Eazy Collect acquisition follows Access's purchase of direct debit processing company Rapidata

  • Portfolio management
  • 25 June 2019
Monzo is a banking and payments service
Y Combinator Continuity leads £113m round for Monzo

Deal reportedly values the online bank at double its October 2018 valuation of £1bn

  • Expansion
  • 25 June 2019
Nurseries and childcare
BGF invests further £6.5m in Kids Planet

Nursery school group has expanded from 17 sites to 38 since the GP's initial investment in 2016

  • Expansion
  • 24 June 2019
Fundraising in dollars
Dawn closes $125m Opportunities fund

New fund will also invest in startups previously backed by Dawn at earlier stages

  • Funds
  • 21 June 2019
Irrigation systems and agricultural production
Ares, Horizon back MBO of AgriBriefing

GPs plan to support the business by boosting its growth both organically and via new acquisitions

  • Buyouts
  • 21 June 2019
Trains in the UK
KKR-backed Trainline sets IPO pricing

Based on the offer price, Trainline's market capitalisation will be approximately £1.68bn

  • Exits
  • 21 June 2019
Golf kit
Aquiline-backed ClearCourse buys Intelligentgolf

ClearCourse is a group of technology companies providing a range of software services

  • Portfolio management
  • 21 June 2019
Telecoms towers and fixed-line communications
Endless's Enact buys Redhall Networks from administration

First investment made by the GP via its Enact Fund II, which closed on £30m this week

  • Buyouts
  • 20 June 2019
Accountancy software
NorthEdge backs MBO of Phoebus Software

GP is currently deploying capital from SME Fund I, which writes equity cheques of £2-10m

  • Buyouts
  • 20 June 2019
Stock exchange ticker
CVC pulls sale of D&G; reports

Decision to suspend the exit is reportedly due to a lukewarm response from potential investors

  • Exits
  • 19 June 2019
Land survey devices
RJD backs land surveyor Survey Solutions

GP invests via its RJD Fund III, which held a final close on £60m in April 2016

  • Buyouts
  • 19 June 2019
Snorkelling holidays and tour operators
Benchmark leads $21.5m series-A for travel startup Duffel

Previous backers Blossom Capital and Index Ventures also take part in the funding round

  • Early-stage
  • 19 June 2019
Cupcakes and food colouring
Ardenton acquires Food Innovations Baking Group

Buyout of the baking product company is the GP's fifth UK deal since opening a Manchester office

  • Buyouts
  • 18 June 2019
Taxi drivers and car-sharing apps
Target Global leads $42m round for Zego

Gig-economy- and mobility-related insurance provider will look to expand across Europe

  • Expansion
  • 18 June 2019
Fundraising in pounds sterling
Endless holds £30m final close for Enact Fund II

Development comes 14 months after Fund I made its final exit with the sale of Stirling Dynamics

  • Funds
  • 18 June 2019
Several promotions and appointments
Farview Equity launches, inks first deal

New firm will target lower-mid-market enterprise and financial technology businesses in Europe

  • GPs
  • 17 June 2019
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