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Steve Ivermee, UKI Strategy and Transactions Leader at EY, comments on UK M&A activity for July–September 2021, published by the ONS. “M&A activity in the UK continued apace in the third quarter of the year, with the ONS recording GBP46.5 billion worth of deals transacted.   “In total, 453 inward, outward and domestic M&A deals completed during Q3, down slightly from Q2 but a sizeable increase of 128 when compared with Q3 2020. There has been robust interest from private equity which has managed to see through short-term volatility in the equity and bond markets and the well-documented challenges presented
Circulate Capital, a Singapore-based investment management firm financing high-growth opportunities at the nexus of climate-tech and plastics, recycling and the circular economy, has held the second close of its climate tech fund, Circulate Capital Disrupt (CCD), bringing the strategy’s total AUM to USD25 million.  CCD is backed by international private investors including Builders Vision; Benjamin Duncan Group (UHNW Family Office); Circocean Ltd; DF Impact Capital; Eden Impact; Huang Chen Foundation; Minderoo Foundation; Rumah Group and Twynam Investments Ltd.
Hummingbird RegTech, a provider of risk and compliance technology, has raised USD30 million in Series B funding round led by Battery Ventures.
Barings has provided financing to support Aquavista, an operator of inland marinas in the UK, on its acquisition of Castle Marinas (Castle).  Aquavista is backed by LDC, a UK middle market private equity investors. Financial terms of the deal have not been disclosed.
B Capital Group, a multi-stage, global technology venture capital investment firm, has appointed Sandi Sadek as Partner and Chief People Officer.  In the newly created position, Sadek will oversee the growing people organisation to drive internal people development initiatives for B Capital’s over 130 global employees. In addition, she will advise B Capital’s 120-plus portfolio companies on their leadership and talent initiatives, as well as focusing on helping B Capital to scale as it continues to attract diverse talent globally. 
Audax Private Equity (Audax) today announced that it has successfully completed the sale of Acuant, an identity verification and KYC/AML compliance provider, to GB Group (GBG). Audax first acquired Acuant in September of 2018. Financial terms of the deal have not been disclosed.
Arcesium, a global financial technology and professional services firm, has appointed Cesar Estrada has been appointed as the firm’s Private Markets Segment Head. Estrada will be responsible for overseeing Arcesium’s application of its core competencies in data integration and harmonisation to the investment lifecycle of managers in private capital markets, including private equity, private debt, real estate and infrastructure. The new segment represents an expansion for Arcesium beyond its historical focus on supporting more than USD630 billion in assets of hedge funds, private equity funds, banks, and institutional asset managers. Estrada joins Arcesium from State Street, where he served as
IRONSCALES, a provider of AI-powered email security solutions, announced has raised USD64 million in a Series C funding round led by PSG, a growth equity firm partnering with middle-market software and technology-enabled services companies. Existing investors K1 Investment Management and Jump Capital also participated in the fund raising.
National Fire & Safety, a leading end-to-end fire protection and life safety solutions platform and a portfolio company of Highview Capital (Highview), has acquired Texas Fire Alarm (TFA), a full service fire protection provider. Following the acquisition, founder Jody Parker will continue to lead TFA from its Wills Point, Texas headquarters, strategically located in the Dallas metropolitan region.
Boutique strategic consultancy firm, GRAPH Strategy, has aided the completion of three sale and investment deals for its UK-based clients.

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