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Month: June 2020

AMB :- Summit Partners raises over $2.2bn for two new megafunds

Laxman Pai, Opalesque Asia: The global alternative investment firm Summit Partners has raised two new megafunds. Summit Partners Europe Growth Equity Fund III, a growth fund, closed at its hard cap with €1.1 billion ($...Article

AMB :- UN-backed research finds an urgent need for the finance sector to set biodiversity targets

Laxman Pai, Opalesque Asia: Financial institutions need to pay more attention to biodiversity loss, especially as they prepare for a post-pandemic economic recovery, said a study. The report, entitled 'Beyond Business a...Article Link

Opalesque Exclusive: The Corona Fighters Collection chronicles extraordinary funds in extraordinary times

B. G., Opalesque Geneva: From the beginning of April right up until last week, Opalesque posted regular updates on hedge funds and other alternative funds who beat the markets, by either outperforming them - especially

AMB :- Opalesque Exclusive: The Corona Fighters Collection chronicles extraordinary funds in extraordinary times

B. G., Opalesque Geneva: From the beginning of April right up until last week, Opalesque posted regular updates on hedge funds and other alternative funds who beat the markets, by either outperforming them - especially

Elysian Capital holds first close of its vehicle and nears its target after just three months in the market

Elysian Capital has held the first close for its third fund, nearing its target, despite it only being in the fundraising market for three months.

Summit Partners closes a pair of new funds totalling $2.1bn

Summit Partners, a global private equity firm, has closed a pair of funds which have a combined capital pool of $2.2bn.

Got Milk? Sector Pros and KKR Buy Borden

Following the completion of a court-supervised sale process launched in January 2020, Borden Dairy has been acquired for $340 million by Capitol Peak Partners and KKR. At closing, Capitol Peak will assume majority ownership of

Kohlberg Acquires GPRS from CIVC

CIVC Partners has sold a majority equity interest in GPRS to Kohlberg & Company with CIVC maintaining a minority equity interest in the business. GPRS provides utility locating and concrete scanning services to utilities, contractors,

OEP Launches Spartronics

Sparton Corporation, a portfolio company of Cerberus Capital since March 2019, has agreed to sell its contract manufacturing unit, Manufacturing & Design Services (MDS), to One Equity Partners. MDS engineers, designs, and manufactures electronic and

Kinderhook Returns to Pet Sector

Kinderhook Industries has acquired branded and private label pet food maker Prairie Dog Pet Products. Prairie Dog Pet Products is a specialty manufacturer and marketer of dog treats, including freeze-dried treats, jerky, and natural animal

Blackstone senior managing director Chad Pike to retire

The London-based executive spent 25 years at the firm and helped expand Blackstone's real estate businesses in Europe

Three Hills-backed Byron lines up administrators as casual dining feels Covid-19 pain

UK-based Byron Burger has become the latest private equity owned company to file a notice to appoint administrators as consumer-facing companies struggle due to the coronavirus pandemic

Summit Partners raises over $2.2bn for two new funds

The investment firm closed venture capital and Europe-focused growth equity funds

Ex-Advent Benelux head becomes latest high-profile hire at new PE house bd-capital

Advent International's former head of the Benelux is the latest high-profile hire from new private equity house bd-capital.

Altor acquires 30% stake in renewable energy company OX2

Swedish PE firm Altor has acquired a 30% stake in Stockholm-based renewable energy company OX2.

BayernKapital closes second Bavarian Growth Fund

State-backed growth and venture capital investor BayernKapital has announced the closing of its second Bavarian Growth Fund (Wachstumsfonds Bayern 2) on €115m.

MVI holds first close on MVI Fund II on SEK 688m

Swedish small-cap private equity firm MVI Advisors has held a first close on its second private equity fund, MVI Fund II, on SEK 688m.

Southfield Capital eyes $300m Fund III raise as it confirms recovery from global financial crisis woes

Southfield Capital is back in the market for its third flagship fundraise three years after closing its sophomore fund, and confirming its recovery from its torrid time in the wake of the 2008 global financial

645 Ventures eyes big fund size hike with launch of $100m-targeting third vehicle

645 Ventures is eyeing a hefty fund size hike after launching a new fundraise targeting up to $100m.

Unigestion announces closes for Secondary V and Direct II

Unigestion has announced that it has held a first close for its fifth secondaries fund on €228m and a third close for its second direct investment fund on €375m.

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