Vitruvian raises $1.6bn for second fund

Vitruvian Partners has closed the fundraising of its second fund, Vitruvian Investment Partnership II, at its self imposed cap of 1 billion pounds ($1.6 billion). Vitruvian’s inaugural fund was closed in 2008. VIP II attracted substantial commitments from both existing and new investors which include many leading corporate and state pension funds, sovereign wealth funds, fund of funds, endowments and foundations. Investors originate from Europe, the US, the Middle East and Australasia.

Royal London Group in Royal London 360° MBO

The Royal London Group has entered in to an agreement with private equity firm Vitruvian Partners to support a management-led buyout of Royal London 360° and its subsidiaries for an undisclosed sum. The RL360° executive management team, led by chief executive David Kneeshaw, will remain unchanged. Following completion, the company will be re-branded RL360°.

EnServe Sells Inenco Group to Vitruvian Partners

EnServe Group, an energy and utility outsourcing business owned by Cinven, has sold its energy division, Inenco Group, to funds managed by Vitruvian Partners, management and Intermediate Capital Group. UK-based Inenco Group services are provided through three specialised brands Inenco, Inenco Direct and NIFES.

Just-Eat Secures its Largest Funding Round Led by Vitruvian Partners

London based Just-Eat has closed a financing round of $64 million led by funds managed by European private equity firm Vitruvian Partners with Index Ventures, Greylock Partners and Redpoint Ventures also participating. The investment marks the company’s third and largest funding round in less than two years. PRESS RELEASE London based Just-Eat, the world’s largest […]

Vitruvian Backs College Group

European private equity firm Vitruvian Partners has invested in College Group, valuing the business at approximately 45 million pounds ($70.3 million). College Group management and staff will continue to retain a substantial equity investment in the business, in partnership with Vitruvian.

NDS To Sell OpenBet Unit; Vitruvian Partnes To Back Mgmt Buyout of OpenBet

NDS Group Ltd. signed an agreement for funds managed by London-based Vitruvian Partners to back a management buyout of NDS’s OpenBet subsidiary. OpenBet is a provider of online gaming and betting technology and software solutions. NDS develops technologies that allow pay-TV operators to deliver digital content. It is owned by Permira and News Corp.

Vitruvian Partners Taking Inspired Gaming Private

LONDON (Reuters) – British gaming software company Inspired Gaming Group (INGG.L) agreed to a 74.4 million pound ($113.5 million) takeover from UK private equity firm Vitruvian Partners, bringing eight months of offer talks to a close. The offer of 60 pence in cash per Inspired share on Tuesday represents a 21 percent premium to the […]

Vitruvian Partners Buys Callcredit

Vitruvian Partners has acquired a majority stake in Callcredit Information Group from Skipton Building Society. No financial terms were disclosed. Callcredit is a UK-based provider of credit reference service and direct marketing solutions to financial institutions. It has over 600 employees and annual turnover of approximately £50 million. Marks Baughan & Co. advised Vitruvian on the deal.

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