Good morning, Hubsters. MK Flynn here on the Wire. As I’ve mentioned, PE Hub is expanding our coverage of Europe with a UK-based team led by editor Craig McGlashan ([email protected]), who joined us last week. The team includes reporter Nina Lindholm ([email protected]) and assistant reporter David Wansboro ([email protected]). This morning, they alerted me to a couple of interesting deals with European targets. Capital markets. Accel-KKR, headquartered in Menlo Park, California, has made a significant capital growth investment in Singletrack, a London-based client engagement and analytics services provider that serves the capital markets. Founded in 2009 by Stuart Berwick and Paul Dyson, Singletrack is an engagement, research management and analytics platform aimed at helping clients on both the sell and buy sides maximize revenue, efficiency and profitability. "As the capital markets grow in opportunity and complexity, we are poised for aggressive market expansion,” Berwick said. “This investment from Accel-KKR is a great catalyst for Singletrack and our mission." Electronics specialist. Ardian, based in Paris, has agreed to acquire a stake in SERMA Group, a European provider of consulting and services specializing in electronic technologies, embedded systems and information systems. Ardian's Expansion team initially invested in SERMA Group's in 2015. The new transaction by Ardian is being made alongside SERMA’s management and employees, who remain the majority shareholders. Chequers Capital and Bpifrance also remain minority shareholders, alongside Ardian, the reference financial shareholder. More European dealmaking ahead. Leon Capital LLP, a London firm formed by executives from Blackstone, KKR and McKinsey, is preparing its debut fund for investments in mid-market tech-enabled services in Western Europe, sources told Buyouts’ Chris Witkowsky. Leon was formed this year by Jean-Christophe Napoleon Bonaparte, who previously worked at Blackstone and Advent International; Christos Lavidas, who formerly worked at KKR and a large global hedge fund with a private equity team; and Michael Youtsos, a former partner at McKinsey & Co, who led sustainable investing practice in Europe. The firm will target investments in healthcare services, business services, software and energy transition. It will make control investments in family-founder-owned businesses with equity checks of €15 million to €100 million, sources said. For more, read Chris’ story. Tune in tomorrow when Chris writes the Wire (a slight departure from our usual schedule). I’ll see you back here on Wednesday. Ciao for now, MK Read thefull wire commentary on PE Hub … | 