TMT
Thoma Bravo scoops up cybersecurity company Darktrace
The take-private values the company at £4.3bn
Synova backs Synectics Solutions
The GP typically invests £15-150m into companies valued between £20m and £250m
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
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
Deal in Focus: EMH Partners eyeing up geographic expansion for newest portco
Speaking to Real Deals off the back of the firm's recent investment in Stonebranch, partner Jens Zuber says engagement with the company intensified towards the beginning of 2023
Main exits healthtech firm Evolution in trade sale
The exit is the largest in the firm's 20-year history in terms of enterprise value
Seraphim Space’s sophomore venture fund holds first close
The new fund is aiming to build a portfolio of approximately 30 companies
DB AG reaps more than 3x on In-tech sale to Infosys
The German GP invested in the company in 2022
Deal in Focus: Progressio’s Archiva deal reflects focus on IT, but some sub-sectors ‘too fragmented’
Beatrice Capretti, partner at Milan-based Progressio, speaks to Real Deals about the "caution" required when shopping around for tech deals
Battery Ventures-backed Proemion expands industrial asset analytics platform
The German company has acquired TrendMiner for €47m
Ardian-backed Planisware launches IPO
The software company postponed its intention to float in October last year
Apax-backed Palex Medical forms European medtech platform with new add-on
Apax first invested in Palex in July 2023
Genesis Capital acquires Hungarian automotive-distribution IT specialist
The GP aims to capitalise on the ongoing digital transformation in vehicle distribution chains
Apax acquires Zellis Group from Bain Capital
The payroll provider counts Harrods, Iceland and Jaguar among its clients
Bowmark Capital sells UK-based digital specialist
Bowmark acquired a stake in Focus Group in 2020
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
MML Capital-backed Zanders expands consultancy expertise with Dutch bolt-on
The deal represents Zanders' third bolt-on since MML first invested in 2021
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
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
STG Partners takes London fintech private
The Californian sponsor has delisted London-based fintech Gresham Technologies
French VC Quantonation raises €70m
The fund is dedicated to investing in quantum technologies
Expedition closes Fund II on €250m hard cap
The London-based GP closed its €174m debut fund in 2021
PSG Equity sells Nalanda Global to Once For All
PSG will retain a minority stake in the combined business
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.
SEP exits Intelligent Reach
The Scottish firm acquired the business in 2014
Accel-KKR invests in Aico
With the deal, the firm will support Aico's expansion in the DACH region
Gyrus Capital exits Intellera Consulting
Following a three-year holding period, the Swiss sponsor has sold the business to Accenture
Nordwind Growth backs Stackfield
The investor said it was impressed by Stackfield’s commitment to innovation, security and customer satisfaction
Sagard in negotiations to invest in Primelis
The deal is the tenth investment from the Sagard 4 fund.
ECI-backed Moneypenny expands to the US
The telecoms business has acquired Sunshine Communications
PX3 acquires Com Laude Group
Vespa Capital has exited after a seven-year holding period
ThinCats launches regional fund
The fund targets midsized SMEs across the UK
TA becomes lead investor in Carlyle-backed SER
Carlyle first acquired a majority stake in the portfolio company in 2018
Hg backs CUBE
The portco’s founder and CEO Ben Richmond has also invested
Exponent backs Ethos Engineering
It is the PE firm’s seventh platform investment in Ireland
Kester Capital III closes on £200m hard-cap
The fund is more than double the size of its predecessor
Verdane backs Nordic software provider Ingrid
The transaction also saw participation from Schibsted Ventures
Main Capital-backed PeakAvenue bolts on Isograph
The GP backed the software company in 2022
Ardian acquires green data centre platform Verne
The deal was signed in November last year when Ardian agreed to acquire the company for $575m
GCP-backed Bridewell acquires Arculus
The deal allows the firm to expand into the public sector
Keensight-backed BYG4lab acquires Finbiosoft
The deal expands BYG4lab’s footprint in new markets
Coniston Capital invests in Equity Networks
The deal will enable Equity Networks to build on its acquisitive growth strategy
LDC-backed Onecom acquires Excalibur Communications
The bolt-on represents the 11th acquisition since the GP first invested in 2019
Schroders Capital launches UK LTAF
The fund eyes tech and science opportunities within the UK VC arena
Estancia acquires stake in Flagstone
Estancia partners Takashi Moriuchi and Keegan Mitchell will join the Flagstone board of directors
H.I.G. exits ICG Group
The communications business has been sold to a trade buyer
Hg-backed Septeo acquires ACIGrup
The GP first invested in the business in 2020 through its Hg Genesis 9 fund
Bregal Milestone acquires Evli Alexander Incentives
The Nordic company is a subsidiary of Evli Plc
EMZ Partners-backed portco expands to the US
The GP’s portfolio company FotoFinder Systems has acquired DermLite
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
Keensight Capital acquires SoftCo
The GP will target geographical expansion with a focus on North America
Afinum acquires Prologa
It is the ninth platform investment from its Afinum 9 fund
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
Maguar Capital Partners’ second fund holds final close on hard-cap
The GP said existing investors “significantly” increased their investment amounts
Genui and Primepulse exit Mindcurv
The investors helped grow the firm’s revenues threefold
Palatine’s maiden Growth Credit Fund holds first close
The fund will support maturing, high-growth but not startup companies
YFM backs Smart Numbers MBO
Founder Scott Woolaway will continue to hold a “significant” shareholding in the business
Foresight Group backs Live Group with VCT investment
The VCT funding will support the company to develop its audience engagement technology
Bowmark-backed Focus Group acquires Pinnacle
The add-on will enhance Focus Group's geographical reach across the Southwest
Turquoise and Redwheel launch UK climatetech growth-stage fund
The fund is targeting more than £100m
Montagu-backed ParentPay Group bolts on GDPRiS
The acquisition aims to further develop ParentPay Group’s client offering
Equistone-backed Timetoact Group bolts on Trustbit
The deal marks the eighth add-on for Timetoact Group since the GP invested
Exclusive: Phoenix exits Global Freight Solutions
During a seven-year hold period, the GP helped double the firm’s revenue and profitability
Inflexion carves out Marlowe’s GRC division
The deal represents Inflexion fifth carve-out in three years
Nordic Capital-backed Conscia acquires ITGL
The deal marks the 17th acquisition by the business in the last decade
Adelis Equity Partners sells Presto and HVD
The GP has reinvested in the business via its Adelis Fund III
Pride Capital Partners-backed GBC Group bolts on Bolde
The GP first invested in GBC Group in February 2022
Maguar Capital-backed HRworks bolts on Bonrepublic
The GP first invested a majority stake in the business in 2020
Verdane completes quadruple acquisitions swoop from VNV Global
The investor seeks to support the digitalisation of the economy, it said in a statement
Main Capital-backed Qics bolts on ProjectFlow
The deal marks the first add-on for Qics since the GP backed the firm in 2021
August Equity exits Agilio Software
The firm was sold to Five Arrows and TA Associates
BGF reinvests in KYND
The growth investor first invested in the firm in 2022
Main Capital-backed TimePlan bolts on TimeMap
TimeMap offers a cloud-based SaaS workforce management solution
Innova Capital picks up minority stake in CloudFerro
The GP backed the business through its Innova/7 fund
Growth Capital Partners exits Cubelogic
Bowmark Capital has acquired shares in the SaaS business
Keensight-backed Valiantys bolts on Glintech
The business eyes global expansion following this transaction
LDC invests in Uinsure
Aziz Ul-Haq, partner at the GP, told Real Deals that the value creation plan will focus on removing the complexity of insurance for the firm’s partners and customers
HAT holds first close of Technology Fund 5
The new fund has a target size of €200m
Bregal Milestone-backed Anywhere365 bolts on Deepdesk
The business plans to open new offices overseas
Fund in Focus: Fondo Italiano d’Investimento’s co-investment fund hits first close on €82m
Roberto Travaglino tells Real Deals that the investor hopes to reach its final close within 12 months
Keensight Capital-backed Bedford Consulting bolts on Mentat Technology
It is the third acquisition by the business since Keensight's first investment in 2022
Kennet and Federated Hermes invest in Screendragon
Screendragon's executive chairman Clive Sirkin has named a new board of directors
Riverside’s RAC Opportunity Fund II closes at $235m
The fund provides growth opportunities to B2B software companies
British Patient Capital commits funds to Episode 1’s Fund III
The third fund from the specialist early-stage technology investor fund has closed on £76m
TMT Report 2024: Wired for investment
Chris Baker, Aylesh Patel and Oliver Schofield, investors at leading UK midmarket private equity firm LDC, on why TMT businesses remain an attractive opportunity for private equity and the key trends driving M&A in the sector
VR Equitypartner and AG Capital acquire Identa Kartensysteme
The German company provides chip-card solutions
Thoma Bravo completes €400m take-private of EQS Group
The software investment firm made a €40 per share offer to acquire EQS
Driv Kapital backs new Norwegian IT consultancy group
The Nordic investor invested in the business through its Driv Kapital Fund I
BGF backs holiday parks IT specialist
Elite Dynamics serves more than 350 parks in the UK and internationally
Main Capital Partners invests in Cisbox
The private equity firm has announced three acquisitions and three bolt-ons in 2024 so far
FPE-backed Egress Group acquires Stalis
The UK-based company provides specialist IT consultancy services and bespoke solutions to the healthcare sector
AnaCap-backed PFS acquires AIS Group
The GP invested in the Spanish company in July 2022
Organic Growth: Foresight and Partners Group reveal their tech playbooks
In this Organic Growth special, we speak to Foresight and Partners Group about how the GPs’ value creation strategies led to their successful exits of Fresh Relevance and Civica respectively
Keensight Capital exits Vision-Box in trade sale
The GP first invested in the business in 2015
Pride Capital Partners-backed Link11 Group bolts on Reblaze Technologies
Since the GP invested, the business has completed two bolt-ons
TMT Report 2024: Turn the page
Amid increasing interest from tech investors in B2B information services, Xhulio Ismalaj explores the subsector
Maven invests in medtech business Carcinotech
The British Business Bank has inked its first major deal from its £150m Investment Fund for Scotland through appointed fund manager Maven Capital Partners
3TS Capital Partners holds final close of European tech fund on €111m
The GP received commitments from the EIF among others
Main Capital Partners acquires Millum
The GP aims to support the firm’s expansion internationally
Progressio Investimenti IV holds first closing on €182m
Commitments from its existing investor base made up more than 75% of the fundraising, the GP said