Matthieu Favas
The UK-listed group has sold its minority stake in the insurance business to General Atlantic, chalking up its fifth realisation since the beginning of the year.
The transatlantic firm has acquired the bakery supplies business of Dutch group CSM, less than a year after closing a €1.1bn fund.
Mid-market fundraising remained flat last year, with low levels of realisations impacting new allocations to the asset class, according to a study by placement firm Acanthus.
The UK firm, currently on the trail to raise its Fund VI, has fully repaid its investment after selling half its stake in the cable and fastener producer.
The transatlantic firm has acquired the bakery supplies business of Dutch group CSM, less than a year after closing a €1.1bn fund.
Mid-market fundraising remained flat last year, with low levels of realisations impacting new allocations to the asset class, according to a study by placement firm Acanthus.
The UK firm, currently on the trail to raise its Fund VI, has fully repaid its investment after selling half its stake in the cable and fastener producer.
The investment is likely to be the last by the firm’s Expansion Capital Fund II, a 2007 vintage now close to 80% invested.
The investment is likely to be the last by the firm’s Expansion Capital Fund II, a 2007 vintage now close to 80% invested.
The £1.2bn flotation of the UK’s fifth largest motor insurer has resulted in a big win for the UK deal-by-deal specialist – and more than doubled the money of co-owner Electra Partners.