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Month: September 2020

Statues in London’s financial district under review following BLM protests

People are invited to tell the City of London Corporation which landmarks are problematic and suggest what could be done to them

Silverfleet hires Prym as investment executive

Silverfleet Capital has hired Stephan Prym as investment executive in its Munich-based team.

Munich Private Equity Partners launches fundraising for MPEP IV

Munich Private Equity Partners (MPEP) has announced it has started fundraising for MPEP IV, its fourth mid-market buyout-focused fund-of-funds.

TA Associates rehires Mahadevan

TA Associates has hired Harry Mahadevan as a vice-president in its London office.

HitecVision sells Aarbakke to Westco Investering

Private equity firm HitecVision has agreed to sell its 50% stake in Norwegian oil business Aarbakke to Westco Investering.

VC-backed IDNow acquires Wirecard Communication Services

Digital ID verification software platform IDNow, a portfolio company of sponsors including Corsair Capital, has acquired Wirecard Communication Services (Wirecard CS) as part of the company's restructuring and insolvency proceedings.

Nexxus Iberia backs Mercurius Health

Private equity firm Nexxus Iberia has acquired a controlling stake in Portuguese radiotherapy specialist Mercurius Health.

Investment bank employees pressured to go back to the office

Bankers and traders said they fear being overlooked for promotions or having bonus payments reduced

EQT Infrastructure in exclusivity to acquire IK’s Colisée

EQT Infrastructure has entered exclusive negotiations to acquire France-based nursing home operator and elderly care service Colisée from IK Investment Partners.

Investindustrial buys machinery producer Della Toffola

Investindustrial has acquired a majority stake in Italian machinery manufacturer Della Toffola.

IK’s new UK team seals debut deal with Forthglade Foods buyout

IK Investment Partners has sealed the first deal from its newly-established UK team by buying into pet food provider Forthglade Foods through its €550m Small Cap II fund.

Inflexion buys minority stake in Auxadi

Private equity firm Inflexion has acquired a stake of around 40% in Auxadi, a Spanish accounting business.

TPG said to eye more than $8bn sale of US cable TV, broadband player Astound

Private equity major TPG is reportedly eyeing a sale of US regional cable TV and internet provider Astound which could value it at more than $8bn.

EQT in talks with IK over French nursing homes business

Colisée Group has been held by IK since 2017, when the buyout firm acquired it for €236m from Eurazeo

RCapital to acquire Archant through CVA

RCapital is to acquire newspaper publisher Archant through a company voluntary agreement (CVA).

EQT-backed Recover Nordic bolts-on two companies

EQT portfolio company Recover Nordic has acquired the Norwegian and Swedish damage control services Byggmester Kompaniet and Mellansvensk Industrisanering (MISAB).

Summit Partners buys into clinical research support specialist CluePoints amid Covid demand acceleration

Summit Partners has picked clinical trials study execution and data oversight specialist CluePoints as its latest investment.

Piper sells Forthglade to IK

Piper Private Equity has sold dog food manufacturer Forthglade to IK Investment Partners.

Phoenix Equity Partners picks up Spy Alarms stake

Phoenix Equity Partners has picked up a majority stake in Spy Alarms, a UK provider of electronic security and fire services.

Download the September 2020 issue of Unquote

This month in Unquote: H1 stats lay bare the impact that Covid-19 has had on buyout dealflow – but early signs of recovery and growing bullishness in the market show promise.

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