Notable Transactions
Livingbridge has exited portfolio company Red Box, a UK-based AI voice recording software business, via sale to a US headquartered AI provider called Uniphore Technologies
Ara Partners, a private equity firm that specialises in industrial decarbonisation investments, has acquired Wattstor, a provider of automated carbon reduction and electricity cost-saving technology
Global Private Equity sponsor, The Riverside Company, has acquired EnAppSys, a data and analytics provider for the European energy sector
Challenger Bank Zopa have raised £75m in capital from previous investors including Augmentum Fintech as they eye an IPO
Francisco Partners have announced two deals including growth deal into GreenSlate (Accounting Software) and acquisition of Sumo Logic (SaaS Analytics Platform)
The VC arm of Volvo have completed an investment into Waabi Innovation a Canadian autonomous driving technology
Deutsche Private Equity (DPE) have agreed to sell its stake in an Austrian-based engineering solution provider VTU Group to Altor Capital
Cloud-based digital transformation and engineering firm NetRom are being acquired by global tech investor Investcorp Technology Partners from the founders, management and previous investors
Avedon Capital Partners has made simultaneous acquisitions of ICT service providers Detron and Zetacom and will combine the businesses to create one of the Netherlands’ largest independent managed services providers
US investment giant, Sequoia backs UK-based open source data validation tool Pydantic in a £3.9m round
Freelancer marketplace for care and hospitality workers Brigad based in France has raised €28m in round led by Balderton Capital
Latest Funds
Oakley Capital has successfully closed its 5th flagship fund, raising €2.85bn to continue investing in mid-cap businesses globally
MML Capital has officially launched its lower mid-market investment platform to invest into B2B businesses across the UK and Northern Europe
Just Climate, a climate-led investment business established by impact firm Generation Investment Management, is close to reaching the $1 billion fundraising target set for its 1st fund
New VC fund Ovni Capital has closed €50m for its debut fund
Planet A Ventures becomes the latest fund to raise significant capital in the impact/climate venture space, closing over €160m for their 1st fund
Siparex backed Tilt Capital Partners are close to making their final close on a €250m energy transition fund of which they have raised €220m currently
Goldman Sachs has closed the largest ever 1st time growth fund, at $5.2bn West Street Global Growth Partners will invest in early stage companies
London based blue economy investor Ocean 14 Capital have added €30m of capital to its investment fund as they plan for a June close
Leading global private equity investor Summit Partners has closed its 4th European growth fund at €1.4bn, the fund being oversubscribed
Bain Capital has officially unveiled its $2.4bn tech opportunities fund II and has plans to invest into 10-15 technology companies
Venture Capital investor, Spex Capital, a London-based firm, has launched a new €100m global healthtech fund
Industry News
One of the most influential women in Private Equity, Virginie Morgon is set to leave her role as CEO at Eurazeo after 14 years within the business
Carlyle are also moving to appoint a new CEO with ex-Goldman Sachs exec Harvey Schwartz set to join
There is a new French VC fund called Ovni Capital, looking to invest into early stage start-ups, founded by an ex-Newfund partner
Many private equity funds such as Carlyle and KKR have announced significant hits to their earnings over 2022
Food delivery companies have been making cuts to jobs in the UK including both Deliveroo and Getir
Google Ventures (GV) have hired a new partner in London with Luna Schmid joining from Summit Partners
IPOs continue to look like they will move slowly through 2023 with a lot companies taking the stance of holding off until more favourable market conditions
Signs are showing that the 2nd half of 2023 could be a big re-bound period for buy-out deals
Current Vacancies
TMT Investment Banking Analyst II – London, UK
Growth Equity Analyst – London, UK
Growth Equity Principal – London, UK
Sources:
https://www.fnlondon.com/
https://www.uktech.news/
https://www.unquote.com/
https://www.privateequitywire.co.uk/
https://techcrunch.com/
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