Allocations
European Buy & Build activity reached its highest recorded level in 2018 with a total disclosed deal value of GBP9.5 billion, according to Silverfleet Capital’s European Buy & Build Monitor.
Despite increased Brexit uncertainty, the UK & Ireland remained steadfast as the most active region for add-ons.
The Buy & Build Monitor, which tracks global add-on activity undertaken by European-headquartered companies backed by private equity, identified a provisional total of 702 add-ons in 2018, an 8 per cent increase from the 650 recorded over the same period in 2017.
The average disclosed value of add-ons in 2018 was
An affiliate of middle market private equity firm Peak Rock Capital (Peak Rock) is to sell Lew’s Holdings Corporation (Lew’s) to BDT Capital Partners (BDT). The transaction is expected to close in several weeks.
Lew’s is a rapidly growing outdoor consumer products company with a portfolio of brands, including Lew’s, Strike King, and Hunters Specialties. The Company supplies branded fishing and hunting gear and accessories through the mass market, sporting goods, and specialty outdoor channels.
In partnership with Peak Rock, the Company has successfully executed a series of transformational growth and operational initiatives, including the acquisition and integration of
Central European private equity firm Innova Capital is to become a stakeholder in CS Group Polska, an online marketing services suppliers for the small and medium enterprises sector.
Innova Capital Funds are in the final stages of negotiations for a majority stake in CS Group Polska in what will be the fourth transaction by the new Innova/6 fund, which began investing in April 2018. The company’s current shareholders shall retain minority stakes and will continue supporting its further growth as management and supervisory board members.
CS Group Polska SA specialises in the provision of active online marketing services and web presence
Affiliates of British Columbia Investment Management Corporation (BCI) and Preservation Capital Partners (PCP) are to make a ‘significant investment’ in BMS.
The investment, which values BMS at GBP500 million, is subject to regulatory approvals and is expected to close in the third quarter.
The BMS management team, led by chief executive officer Nick Cook, will all remain in their current roles following completion, and management and staff of BMS will remain significant shareholders in the company.
Following the transaction’s completion, Pioneer Underwriters will be owned directly by the current shareholders of Minova Insurance, the holding company that had previously owned
YFM-backed Matillion, a provider of data transformation software for cloud data warehouses (CDWs) has raised USD35 million in a series C funding round.
The investment will allow Matillion to capitalise on its leading category position while continuing to deliver accelerated growth, and extend the capabilities of its flagship product line, Matillion ETL. Following the USD5m series A investment led by YFM this latest round led by Battery Ventures, brings Matillion’s total funding to-date to USD65 million. Series B investors, Sapphire Ventures and Scale Venture Partners also participated.
Continued strong demand for Matillion’s data transformation software, purpose-built for the cloud,
Estera has provided fund services support to Greensphere Capital’s launch of its second private fund and will also be providing ongoing fund administration services.
Greensphere Capital manage a diversified portfolio of sustainable growth companies. It is a leading sustainability investor backing companies and projects that help to mitigate the biggest risks facing our generation – resource scarcity, commodity and fuel volatility, and climate stress.
Estera Director, Norman Amey says “This Guernsey Private Investment fund is a perfect example of a structure that allows for further fund raising in sustainable investing. We have extensive experience in the sustainable and impact investment
Cohere Capital, a growth focused private equity firm seeking to invest in leading middle market businesses in the United States and Canada, has launched.
The firm has a flexible mandate across growth markets, but will primarily target majority stakes in profitable technology-enabled business and healthcare services companies.
Cohere Capital was co-founded by Nik Shah and Daniel Gedney, two experienced private equity executives who worked at leading firms, including HIG Capital/HIG Growth Partners and Gauge Capital. the pair have over 30 years of combined experience investing in and working with growth companies, and they look forward to bringing that experience to
BlueBay’s Private Debt business is to become independent from BlueBay Asset Management.
The move comes following the continued growth of the Private Debt business, from a small part of the BlueBay global leveraged finance business to a EUR13 billion AUM largely stand-alone business within the company.
As two distinct businesses, BlueBay and the Private Debt business believe the move is the best way to serve our clients and support the future growth of both businesses. BlueBay is fully supportive of the Private Debt business, to ensure it is in the best possible position to succeed as a standalone business.
BlueBay
Westbridge Capital has held the final close of WestBridge II (the Fund) having raised GBP140 million in fund commitments and associated earmarked co-investment monies.
The fund, which had a GBP100 million hard cap, was oversubscribed. Commitments were made by existing and new institutional investors and WestBridge’s industrialist Strategic Investor Group.
WestBridge II will typically invest between GBP10 million and GBP20 million in established, profitable and ambitious UK SMEs with enterprise values of between GBP15 million and GBP40 million. The fund is expected to invest in 10 to 12 companies.
Over the past nine months, WestBridge II has completed three
Northleaf Capital Partners’ (Northleaf) has held the final closing of the Northleaf Venture Catalyst Fund II (NVCF II) at its hard cap of USD300 million.
NVCF II is Northleaf’s third Canadian venture capital fund and forms part of the Government of Canada’s Venture Capital Catalyst Initiative.
In addition to initial capital commitments received in December 2018 from BDC Capital, the investment arm of the Business Development Bank of Canada (BDC), Canada Pension Plan Investment Board (CPPIB), Sun Life and TD Bank Group, NVCF II received new commitments from Manulife, BMO Capital Partners, clients of BMO Private Bank Asia and other high net worth and
Events
12 November, 2026 – 8:00 am
12 November, 2026 – 5:00 pm
