UK Private Equity Exits Weekly Summary: Buyouts & IPOs 30 Sep - 3 Oct 2025

UK IPO News This Week

Recent IPO Activity (Week Ending 3 October 2025)

• Fermi Inc. (NASDAQ & LSE: FRMI) completed historic $682.5M IPO with concurrent dual listing on both Nasdaq and LSE on 1-2 October, marking the first simultaneous dual listing across both exchanges (total valuation: $13.8bn)

• US energy developer's landmark listing signals renewed momentum in London capital markets

• AIM market showed continued signs of life with steady admission activity through the week

Upcoming IPO Pipeline

• Princes Group announced London IPO plans, providing mid-cap stability to the market

• Q4 pipeline maintains robust momentum with multiple companies advancing preparation stages

• IPO market showing encouraging signs of life in both UK and US

UK Private Equity Buyouts This Week

Major Transactions

• Consilio closed acquisition of Lawyers On Demand and Syke, with UK PE firm Bowmark Capital exiting the deal (announced 1 October)

• Mid-market activity remained steady with consistent deal flow across core sectors

• Schroder British Opportunities Trust reported robust pipeline of opportunities in UK private equity market with strong deal flow

Secondary Market Activity

• Portfolio managers continue identifying strong opportunities across UK PE landscape

• Deal flow remained consistent in core sectors through the week

• Market conditions supportive for exit planning and portfolio refinancing

AIM Market Activity (30 September – 3 October 2025)

• Steady admission activity maintained through the week

• Small and mid-cap sectors showing resilience

• Trading volumes consistent with early Q4 patterns

Market Intelligence Summary

• Total UK PE Activity 2025: Steady momentum maintained into Q4

• Weekly Volume: Consistent transaction flow with landmark dual listing

• Market Trend: Positive signals with international investor confidence returning

• LSE Performance: Fermi dual listing demonstrates renewed appeal of London markets

Complete Deal Flow Context

The first week of October delivered a landmark moment for London's capital markets with Fermi's historic dual listing, signalling renewed international confidence in UK exchanges. Combined with steady PE buyout activity and encouraging IPO pipeline development, the week reinforced the positive momentum building through Q4.

Key Insight: The successful Fermi dual listing provides a significant confidence boost to London's markets, whilst consistent PE deal flow and a strengthening IPO pipeline suggest Q4 could deliver the sustained activity the market has been building towards.