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Category: United Kingdom

Permira-backed Dr Martens returns UK government aid as online sales grow

The British boots maker posted a 48% jump in revenues to £672.2m for the year to 31 March

Venture, tech keep UK market afloat in H1

While buyout and exit volume dropped dramatically in the first half of 2020 in the UK and Ireland, venture investment volume has remained resilient and the technology sector has become an even larger focus for

Octopus Ventures leads £6.6m Series A for payments startup Vitesse

Cross-border B2B payments company Vitesse has bagged £6.6m in a Series A round led by Octopus Ventures.

A ‘Nike swoosh’ recovery or a V-shaped rebound? City views on Britain’s prospects

Should we be braced for a prolonged period of pain? Or is a sharp recovery expected? City experts give their view

Life sciences VCs sell British drug maker KaNDy Therapeutics to Bayer

The deal includes the payment of an upfront consideration of $425m for the company, which is developing a compound to alleviate menopausal symptoms

Moody’s grows Asia business with acquisition

Moody’s Corp has acquired a minority stake in credit rating agency Malaysian Rating Corp (MARC), giving the US firm additional access to Malaysia’s domestic bond and sukuk markets.

Shark Solutions raises funding from Circularity Capital

Danish recycled glass firm Shark Solutions has raised funding from Scotland-based venture capital firm Circularity Capital.

Advent Life Sciences seals KaNDy sale to industry giant Bayer, deal could be worth over $975m

Europe's Advent Life Sciences has sealed a sale of KaNDy Therapeutics Ltd to industry giant Bayer in a deal which could see it collect in excess of $975m.

Suzhou LGFV pays up for dollar outing

Suzhou SND Group Co, a Chinese local government financing vehicle (LGFV), got lukewarm support for its debut dollar bond on Monday, forcing it to offer a bit of premium to get its deal past the

Nine ways the finance sector can fight the coronavirus recession

As the UK officially enters recession for the first time since 2008, we ask top commentators: how much will this hurt and what should the City do to get through it?

Proptech startup Habito secures £35m in venture capital-backed Series C round

London-based PropTech Habito has bagged £35m in a Series C round led by Augmentum Fintech, SBI Group and mojo.capital.

UK-based Kester Capital closes second fund at £90m hard cap

The strategy will invest in UK SMEs, with a focus on healthcare, business and financial services and technology, media and telecommunications

Advent International acquires stakes in Hermes UK and Germany

Advent International has acquired a 75% and 25% stake in parcel delivery firm Hermes' UK and German businesses, respectively.

Pantheon names Barr to newly-created EMEA IR head role as firm’s assets top $50bn

Global investment major Pantheon has named partner Rob Barr to the new role of head of investor relations for the EMEA region amid the firm's assets under management topping $50bn.

Aquiline-backed ClearCourse buys Practice Point

ClearCourse, a portfolio company of Aquiline Capital Partners, has acquired UK-based Practice Point, a veterinary practice management specialist.

Advent buys stake in delivery business Hermes UK amid demand spike due to Covid-19 lockdown

Private equity giant Advent International has agreed an investment in consumer delivery business Hermes UK.

Advent acquires Hermes UK amid online sales boom

The US-based firm, which will acquire a 75% stake in the UK parcel delivery company and 25% of its German operations, is said to have paid €1bn for both businesses

UK’s privacy watchdog investigates Barclays for allegedly spying on staff

The Information Commissioner Office confirmed its probe into the bank’s use of computer monitoring software

Market participants back Green+ Gilt proposal for sustainable Covid-19 recovery

A group of some of the UK's biggest asset managers, professional bodies and banks are supporting a proposal for an SRI themed UK sovereign debt product to deliver environmental and social benefits as part of

Kester Capital closes second fund on £90m

UK-based SME primary buyout investor Kester Capital has held a final close for Kester Capital II on its hard-cap of £90m.

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