LGV Capital

Advent International has purchased the UK healthcare group from LGV Capital after watching the company for 'over seven years'. LGV acquired the business for £200m from a Warburg Pincus-anchored group in 2001.

The UK mid-market arm of Legal & General has found a successor to Adrian Johnson, who leaves the company after around eight years at the helm.

LGV Capital, the UK mid-market buyout firm, has exited the hospital group it bought from BUPA in 2005. Rival Cinven is reuniting the hospitals with a larger group it acquired from the UK private healthcare insurer.

Fundraising for emerging managers, so we are told, will always require in-person meetings. One such firm (or their placement agent) has come up with a solution that may put the fund back into fundraising. Plus: big hires for impact firm Zamo, Schroders buys a multi-family office and Eurazeo sets some diversity and inclusion targets. Here's today's brief, for our valued subscribers only.

The multi-family office, which launched its dedicated private equity unit last year, is putting greater emphases on UK and European GPs and deals as result of covid-19.

Zoe Clements is joining the London office from Electra Partners.

The UK-focused fund, which had excess demand before the Brexit vote, includes a GP commitment of 2%.

The UK mid-market firm is defying Brexit uncertainty as it hurtles toward its £425m target.

Hugh Mumford, who retires after 34 years at the firm, is succeeded by Alex Fortescue as part of a succession plan in the works since 2010.

Nick Marsh joins as associate principal

Joe Baratta will lead the private equity giant’s European operations after David Blitzer returns to New York.