Monday, February 19, 2018
Pollen Street capital

Pollen Street Capital closes third fund at £400m

Financial services specialist Pollen Street Capital, led by Lindsey McMurray, surpassed its £350m target.

Mid-market multiples dip as trade buyers step back

The multiples paid for European mid-market companies fell by four per cent to 9.1x Ebitda in Q4 2017, according to the latest Argos Mid-Market Index.

Hg expands senior team with partner appointments

Nick Jordan, Thorsten Toepfer, Jean-Baptiste Brian and Andrew Jessop have been promoted to partner.
ATP fund close Copehagen

ATP closes sixth fund of funds at €800m

ATP's new fund will aim to make fewer but larger investments in buyout and distressed vehicles.

Summit Partners buys Elatec from Deutsche Private Equity

Elatec, a manufacturer of RFID readers, has nearly doubled turnover and headcount during DPE's two years of ownership.

BGF opens Wales office

BGF’s activities in Wales are led by Paul Oldham. Its investments include retailer BVG Group and waste management company Wales Environmental.

SCOR and LBO France launch debt fund targeting €300m

The fund, managed by SCOR, will take senior secured stakes in lower mid-market European buyout financings.

Gilde Healthcare’s diagnostics business Rad-x bolts on SMII

French business Rad-x expands its presence in Switzerland with SMII, its second bolt-on in the country.
Platinum NorthEdge private equity stairlifts

NorthEdge Capital backs Platinum Stairlifts

Based in the north-east of England, Platinum employs 100 people and has turnover of around £15.5m.
Carry fund commitments investec

Over a third of GPs rely on carry to finance future fund commitments

A report by Investec Fund Finance has found GPs are increasing their personal commitments and are expected to account for an average of 3.3 per cent of their next fund.
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