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PE-backed Moonpig follows Covid-lockdown profit boom with up to £1.2bn London IPO

Exponent Private Equity is set for a powerful IPO of UK greetings card business Moonpig amid the company emerging as one of the big winners of the ongoing coronavirus lockdown.

Warburg reinvests in Wex amid company legal battle over planned $1.7bn eNett, Optal buyout

Warburg Pincus has made a $400m investment in New York-listed payments provider Wex as the company looks to bolster its balance sheet amid the Covid-19 pandemic.