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Synova backs Synectics Solutions

The GP typically invests £15-150m into companies valued between £20m and £250m

Synova Uk

BGF backs UK-based human risk management platform with £3.25m

Yorkshire and Northeast investor Rob Johnson, who led on the deal, will join the portco's board

Bgf Kpmg Squire Patton Boggs Tax Advisory Partnership Uk Walker Morris

Neqst exits Swedish data management provider to GRO

Neqst first backed DigitalRoute in 2008, and most recently had a 94% ownership stake in the portco

Neqst Software Sweden

Palatine exits UK specialist vehicle provider to Astatine Investment Partners

Palatine originally acquired a majority stake in NRG Group in October 2020

Astatine Investment Partners Deloitte Gateley Palatine Pwc

CVC invests in HR company platform World of Talents

The deal follows an exit by Belgian investment firm Baltisse

Allen & Overy Belgium Clifford Chance Cvc Capital Partners Freshfields Lincoln International Netherlands

DB AG reaps more than 3x on In-tech sale to Infosys

The German GP invested in the company in 2022

Dbag Germany

Greenpeak Partners closes inaugural continuation fund on €350m

The vehicle was led by HarbourVest Partners

Fmdh Rechtsanwälte Harbourvest Partners Isp Healthcare Kirkland & Ellis Mcdermott Pjt Park Hill Roedl & Partner Stephenson Harwood

Genesis Capital acquires Hungarian automotive-distribution IT specialist

The GP aims to capitalise on the ongoing digital transformation in vehicle distribution chains

Amplify Consulting Digital Transformation Ecovis Ey Genesis Capital Kinstellar Oppenheim

Apax acquires Zellis Group from Bain Capital

The payroll provider counts Harrods, Iceland and Jaguar among its clients

Apax Partners Arma Partners Bain Capital Evercore Kirkland & Ellis Morgan Stanley Ropes & Gray Weil Gotshal & Manges

BGF pumps £6.25m into energy utility consultant Skewb 

The funding will support expansion of the company’s suite of products and services

Bgf Browne Jacobson Claritas Tax Clearwater International Freeths

Bowmark Capital sells UK-based digital specialist

Bowmark acquired a stake in Focus Group in 2020

Arma Partners Bowmark Capital Hg Capital Houlihan Lokey Linklaters Osborne Clarke

Deal in Focus: Triton’s Norstat exit preparation started on ‘day one’

"Identify likely buyers early" is the firm's approach, Triton partner Daniel Björklund tells Real Deals

Norway Triton Partners William Blair

Karmijn Kapitaal invests in tree-conservation company

InvesTree is the latest addition to the firm's Dutch SME portfolio, which includes companies active in biogas, art and culture, clothing and beer

Karmijin Kapitaal Netherlands

MML Capital-backed Zanders expands consultancy expertise with Dutch bolt-on

The deal represents Zanders' third bolt-on since MML first invested in 2021

Abn Amro Dc Advisory Grant Thornton Mml Capital Partners Pinsent Masons

Lakestar closes latest fund generation on $600m

Lakestar Early IV and Lakestar Growth II will focus their investments in AI, digitalisation, deeptech, healthcare and fintech

Lakestar

Deal in Focus: Apiary’s 4x return on sale of entertainment touring agent TAG worth the wait

Apiary's Mark Salter and ECI's Rory Nath speak to Real Deals about the exit

Apiary Capital Browne Jacobson Clearwater International Eci Partners Rothschild & Co Squire Patton Boggs

Bridgepoint in exclusive negotiations for Forward Global minority stake

The GP's mid=cap investment vehicle will join the portco's management and historical investors, RAISE Invest and Rives Croissance

Arsene Taxand Axipiter Bcg Bridgepoint Callisto Clearwater International Dla Piper Hogan Lovells Indefi Kpmg Lek Natixis Investment Managers Oderis Proskauer Rose Pwc Schoups Sheppard Mullin

EQT sells data manager Rimes to Five Arrows

EQT initially invested in the data management business in 2020

Eqt Evercore Five Arrows Jefferies Latham & Watkins Rothschild & Co Shoosmiths

Sobro backs Swedish building consultancy

All existing owners will remain as "significant" shareholders

Sobro Sweden

Verdane backs Corlytics

Fresh funds to support organic growth, M&A activity and investments in “intelligent offering”

Baird Deloitte Ireland Mckinsey Pwc Verdane

Ardian sells logistics company Staci for €1.3bn EV

During Ardian's holding period Staci completed two acquisitions

Ardian Belgium

Triton carves out multi-utility service provider V&N Group

The company is indirectly owned by Koninklijke VolkerWessels

Abn Amro Clifford Chance De Brauw Ing

Kennet Partners backs Fluid Topics with €15m

Cillian Hilliard, director, and Hillel Zidel, managing director at Kennet, will join the portfolio company's board of directors

France Kennet Partners

Siparex Intermezzo structures Ecritel MBO

The operation sees Ecritel’s directors, Audrey and Thierry Louail, take back 100% of the group's capital

France Isatis Capital Lbo France Management Buyout Mbo

Expedition closes Fund II on €250m hard cap

The London-based GP closed its €174m debut fund in 2021

Software

CBPE merges BKL with Wilson Wright 

The combined business will have a turnover of £46m

Cbpe Capital

PSG Equity sells Nalanda Global to Once For All

PSG will retain a minority stake in the combined business

Exits Psg Saas Spain

Helix Kapital closes Fund III on €135.9m hard cap

Helix Kapital Fund III will continue the strategy of Helix’s previous funds, focusing on growth buyout investments in small-cap Nordic companies.

Helix Kapital Sweden

Accel-KKR invests in Aico

With the deal, the firm will support Aico's expansion in the DACH region

Acquisitions Finland

Gyrus Capital exits Intellera Consulting

Following a three-year holding period, the Swiss sponsor has sold the business to Accenture 

Allen & Overy Oc&c

ESquare backs Smart Servant

The portco is a Dutch provider of service and cleaning robotics

Netherlands

Mentha sells Paradigma Group to Castik Capital

The portfolio company’s founder and management team will remain shareholders in the business

Netherlands

Nexxus Iberia PE II holds final closing on €241m

Iberian SMEs and sustainability are in the fund’s sights

Fundraising Spain

Nordwind Growth backs Stackfield

The investor said it was impressed by Stackfield’s commitment to innovation, security and customer satisfaction

Communications Germany Stackfield

Sagard in negotiations to invest in Primelis

The deal is the tenth investment from the Sagard 4 fund.

8advisory Alvarez & Marsal Amala Partners Cambon D’ornano Et Associés Ecap Partner France Kearney Kpmg Lamartine And Dumon Partners Mayer Brown Sagard

PX3 acquires Com Laude Group

Vespa Capital has exited after a seven-year holding period

Aon Castlegreen Partners Debevoise Grant Thornton Houlihan Lokey Kpmg Marlborough Partners Pinsent Masons Px3 Partners Roland Berger Teneo

ThinCats launches regional fund

The fund targets midsized SMEs across the UK

Liquidity Private Debt Thincats Uk

N4 Partners ups stake in Opulus Financial

The Glasgow-based investment firm has become the majority shareholder

N4 Partners Scotland

TA becomes lead investor in Carlyle-backed SER

Carlyle first acquired a majority stake in the portfolio company in 2018

Carlyle Group Germany Ta Associates

Deal in Focus: Omni notches strong return with Vivup sale

The GP had not planned to exit so soon but an unsolicited bid from Great Hill Partners prompted it to consider the deal, partner Elissa von Broembsen-Kluever tells Real Deals

Great Hill Partners Omni Partners

Hg backs CUBE

The portco’s founder and CEO Ben Richmond has also invested

Artificial Intelligence Hg

Palatine-backed BK Plus expands into the Southwest

The accountancy firm was acquired by Palatine’s Buyout Fund IV in September 2023

Accounting Palatine Uk

MML sells Arηs to Accenture

The seller first backed the business in June 2023

Accenture Luxembourg Mml Capital Partners

Bain Capital acquires and combines two software platforms

The investor made the investments through its Tech Opportunities vintage

Bain Capital Carve-outs Software Uk

GCP-backed Bridewell acquires Arculus

The deal allows the firm to expand into the public sector

Addleshaw Goddard Cavendish Cowgills Cybersecurity Flint Global Gbh Growth Capital Partners Hsbc Pinsent Masons Uk

Hyperion-backed Ranger Fire & Security bolts on Syncro Group

The GP plans to complete five other acquisitions by the end of 2024

Cortus Transaction Services Gateley Hyperion Equity Partners Rsm Thincats

Liberta Partners acquires Negotiation Advisory Group

Former managing director of NAG Katharina Weber will take over as COO

Germany Liberta Partners

EOS IM sells EF Group

The London-based GP first invested in the Italian business in 2018

Alma Tax Led Alto Partners Alvarez & Marsal Eos Investment Management Group Erm Italy Molinari Agostinelli Studio Legale Oc&c Pedersoligattai Rmu Roland Berger Vitale Wi Legal

Deal in Focus: Synova invests in Mecsia

Alex Bowden, partner, tells Real Deals that the GP acquired the target because of the firm’s consolidation potential and strong growth

8advisory Claritas Tax Dc Advisory Deloitte Foot Anstey Kpmg Lek Liberty Corporate Finance Mdw Capital Partners Osborne Clarke Pwc Rockpool Investments Synova Taylor Wessing

BGF-backed Troy acquires Scott Direct

The deal marks Troy’s second acquisition since BGF invested last year

Bgf Uk

Genesis Capital acquires Schulte Group

The deal was made via the GP’s Genesis Private Equity Fund IV

Czechia Deloitte Genesis Capital Kinstellar Moore Advisory

FSN Capital-backed OptiGroup bolts on Ubro SystemPac A/S

The GP aims to consolidate the business’s presence in the Nordics

Denmark Fsn Capital

Bregal Milestone acquires Evli Alexander Incentives

The Nordic company is a subsidiary of Evli Plc

Bregal Investments Castrén & Snellman Finland White & Case

Exclusive: Quilvest acquires Acuiti Labs

Thomas Vatier, partner and co-head of buyout, tells Real Deals that the investor plans on leveraging its transatlantic expertise to grow the business

Asia Fried Frank Houlihan Lokey North America Quilvest Capital Partners

Keensight Capital acquires SoftCo

The GP will target geographical expansion with a focus on North America

Bird & Bird Deloitte Ireland Keensight Capital Paul Hastings

YFM exits Checkmate to IK

The buyer is investing from its IK Small Cap III Fund

Ik Partners Uk Yfm Equity Partners

Warburg Pincus portco expands international presence

Premier Technical Services Group has acquired Flame Control

Netherlands Warburg Pincus

Afinum acquires Prologa

It is the ninth platform investment from its Afinum 9 fund

Afinum Circular Economy Germany

LDC backs Brighton-based software developer

LDC partner and head of south Aylesh Patel, plus investment manager Josh Wachman, will join the portco’s board as non-executive directors

Clearwater International Ldc Pwc Software Travel Uk

Maguar Capital Partners’ second fund holds final close on hard-cap

The GP said existing investors “significantly” increased their investment amounts

Asante Capital Clifford Chance Germany Maguar Capital Partners

FCDE acquires majority stake in SELP

This is the fifth acquisition from the GP’s latest fund, FCDE Independent Fund II

Alvarez & Marsal Bnp Paribas Fcde France Gramond & Associés Hogan Lovells Indefi Pwc Rothschild & Co Strategy& Uggc

Palatine acquires majority stake in water and environmental consultancy

The deal is the fourth investment from the GP’s Impact Fund II

Cil Consulting Equator Fellwood Gateley Palatine Rsm Uk

Genui and Primepulse exit Mindcurv

The investors helped grow the firm’s revenues threefold

Cms Genui Germany Primepulse

Palatine’s maiden Growth Credit Fund holds first close

The fund will support maturing, high-growth but not startup companies

Credit Palatine Uk

Apax Partners acquires controlling stake in IES

It is the first climate-focused investment from the GP’s Global Impact Fund

Alantra Apax Partners Cil Consulting Esg Ey Kpmg Travers Smith Uk

YFM backs Smart Numbers MBO

Founder Scott Woolaway will continue to hold a “significant” shareholding in the business

Cil Confidas People Gateley Grant Thornton Hazlewoods Lockton Marketing Pkf Francis Clark Taylor Rose Uk Yfm Equity Partners

Palatine-backed B2W Group targets green energy growth

The transaction represents the third bolt-on for the training company under Palatine

Browne Jacobson Manchester Palatine Private Equity Uk Virgin Money

Horizon Capital acquires GFC Media Group

The GP will support the business with add-ons

B2b Events Horizon Capital Uk

Montagu-backed ParentPay Group bolts on GDPRiS

The acquisition aims to further develop ParentPay Group’s client offering

Montagu Uk

Inflexion carves out Marlowe’s GRC division

The deal represents Inflexion fifth carve-out in three years

Carve-outs Ey Inflexion Oc&c Slaughter & May Uk

Nordic Capital-backed Conscia acquires ITGL

The deal marks the 17th acquisition by the business in the last decade

Cybersecurity Denmark Ireland Nordic Capital Uk

Adelis Equity Partners sells Presto and HVD

The GP has reinvested in the business via its Adelis Fund III

Adelis Equity Partners Continuation Funds Harbourvest Partners Software Uk

Chiltern Capital invests in Rapid Repair Network

The lower midmarket firm recently exited its stake in Steer Automotive to Oakley

Chiltern Capital Farleys Frp Corporate Finance Frp Debt Advisory Marriott Harrison Oakley Capital

GP Profile: Perwyn

Managing partner Andrew Wynn speaks to Real Deals about what makes the perfect deal and the firm's new office in Milan

Italy Perwyn Uk

BaltCap sells Karell Kiirabi

The original transaction in 2019 marked BaltCap’s maiden investment in Estonia

Baltcap Baltic Innovation Fund Estonia European Investment Fund

Hyperion Equity Partners inks twin acquisitions

The PE firm has launched Ranger Fire and Security Group following the investment

Cortus Transaction Services Gateley Hyperion Equity Partners Rsm Uk

Vendis Capital-backed Silver Care bolts on Well-Fair

The deal represents the second acquisition for Silver Care

Belgium The Netherlands Vendis Capital

Coniston-backed Masterfix acquires MDfx

The SME investor backed Masterfix in September 2021

Coniston Capital Stephenson Harwood

Sherpa Capital acquires Logistica Carosan

The GP will support the firm’s expansion with a focus on fleet increase

Sherpa Capital Spain

LDC-backed Stonbury bolts on Panton McLeod

Stonbury received investment from LDC in December 2022

Browne Jacobson Douglas Home & Co Howes Percival Ldc Mbm Commercial Rsm Uk

Innova Capital picks up minority stake in CloudFerro

The GP backed the business through its Innova/7 fund

Innova Capital Poland

Deal in Focus: BD Capital acquires controlling stake in TLC Worldwide

Andy Dawson, co-founder and managing partner, tells Real Deals the GP’s operator-led approach resulted in the partnership

Bd Capital Bdo Cannacord Genuity Cil Goodwin Procter Jegi Lockton Nyman Libson Paul Pwc Retail Stephenson Harwood

Auctus exits Profiltubi Group

The GP first invested a majority stake in the business in 2020

Advant Auctus Capital Partners Italy

Fund in Focus: Epiris Fund III holds final close on £1.044bn

Alex Cooper-Evans, partner, tells Real Deals the fund had strong re-ups from existing LPs

Campbell Lutyens Carey Olsen Clifford Chance Uk

TEP Capital invests in process outsourcing specialist

Profit4You represents the fourth investment by the Polish GP

Poland Tep Capital Thomas Gruppe

Gresham House Ventures sells Master Removers stake

Gresham initially invested £7.2m in the business in December 2014

Gresham House Logistics Trade Sale Uk Vct

Keensight Capital-backed Bedford Consulting bolts on Mentat Technology

It is the third acquisition by the business since Keensight's first investment in 2022

Keensight Capital Uk

Ocorian acquires Bovill

Fund administrator adds regulatory consultancy firm into its compliance offering

Ocorian

Key Capital picks up minority stake in SJA

It is the sixth investment from Key Capital Partners Fund IX

Addleshaw Goddard Aon Azets Dwf Evolve Hmt Key Capital Partners Rpl Stratton Hr Uk

General Atlantic invests in Funda BV

Michel van der Bel, former president of Microsoft in EMEA, has been appointed as chair

Abn Amro Axeco De Brauw Blackstone Westbroek Dentons Dla Piper General Atlantic Jb Law Laus Legal Nvm Private Equity Rothschild & Co Stak The Netherlands Van Doorne Weil Gotshal & Manges

Bestport acquires majority stake in Northside Graphics

Additional financing was provided by Triple Point Private Credit

Bestport Private Equity Northern Ireland

Vespa Capital backs Right Legal

The GP will invest in the portco’s team, technology and product development

Arrowpoint Advisory Cisoselect Continuum Fairgrove Partners Geldards Grant Thornton Legal Lockton Mazars Squire Patton Boggs Vespa Capital

Maguar Capital acquires TimeTac

It is the second investment from Maguar Fund II

Austria Fieldfisher Houlihan Lokey Hr Kpmg Maguar Capital Partners Milbank Oc&c

Apax acquires Ascential’s data subsidiary

WGSN is focused on trend forecasting in consumer, lifestyle and product design

Allen & Overy Apax Partners Bank Of America Consumer Ey Goldman Sachs Uk

Driv Kapital backs new Norwegian IT consultancy group

The Nordic investor invested in the business through its Driv Kapital Fund I

Driv Kapital Norway

Main Capital Partners invests in Cisbox

The private equity firm has announced three acquisitions and three bolt-ons in 2024 so far

Germany Main Capital Partners

Stirling Square-backed Assist24 acquires Redning Danmark

The GP invested in the company in January 2020 through its €950m fourth fund

Denmark Stirling Square Capital Partners

3TS Capital Partners holds final close of European tech fund on €111m

The GP received commitments from the EIF among others

3ts

AIB Foresight SME Impact Fund holds second closing

The fund received a cornerstone commitment from AIB in 2022

British Business Bank Foresight Group Ireland Northern Ireland

Cobepa invests in SmartSD

The co-founders and management team will also reinvest in the firm as minority stakeholders

Cobepa Netherlands Rothschild & Co