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Month: June 2020

Blackstone Life Sciences invests $337m in Medtronic’s diabetes arm

Blackstone Life Sciences has invested $337m in medical device company Medtronic's Diabetes Group.

L Catterton injects $250m into Reliance Jio Platforms as part of new investment

US private equity firm L Catterton will invest $250m into Indian telecom operator Reliance Jio Platforms. At the same time, Reliance Jio Platforms also saw its coffers bolstered by a $600m capital injection from venture

LEA Partners sells Bellin to trade

LEA Partners has sold its stake in treasury management software platform Bellin to US-based business spend-management software company Coupa Software.

Secondaries players weigh up risk and rewards of “ring-fencing” deals

GP-led transactions isolating assets hardest hit by the Covid-19 crisis could appeal to adventurous secondaries players, but challenges abound. Alessia Argentieri reports

Black Toro exits steel producer Irestal

Black Toro Capital has sold its 43% stake in Barcelona-based stainless steel manufacturer Irestal to the founding Boixareu family, who already owned 57% of the business.

The Deals Pipeline

A fortnightly highlight of deal processes underway and involving private equity, either on the buy- or sell-side, across Europe.

EQT to sell Hector Rail to Ancala

EQT Infrastructure has entered a definitive agreement to sell Hector Rail Group to Ancala.

Neuberger Berman holds €260m final close for its new vehicle

Employee-owned investment manager Neuberger Berman has held the €260m final close for its latest fund, surpassing the initial goal.

Finance companies criticised over ‘worryingly’ low awareness of modern slavery

Among senior employees, 39% don't believe modern slavery exists in the UK

Sentinel fully acquires Vyrtych

Sentinel Capital has wholly acquired Vyrtych, a Czech lighting products manufacturer.

Carlyle hires ex-FRC chair to lead UK buyout and European healthcare investments

Simon Dingemans, former CFO at GlaxoSmithKline, joins the private equity firm as a managing director

Onex Corporation taps Fund V to increase stake in Emerald

Onex Corporation has tapped its $7.2bn Fund V to participate in a $400m preferred equity sale of Emerald Holding, a business-to-business trade show operator.

Barclays laywers dig into Amanda Staveley’s dealings with Middle Eastern investors

Jeffery Onions QC appeared to be zeroing in on whether Staveley could have won warrants in the bank

TPG and L Catterton latest PE firms to invest in Jio Platforms

The firms join KKR, General Atlantic and Vista Equity Partners as investors in the Indian telecommunications giant

Banks must be held to high standards in public

The green bond market lets investors scrutinise the way issuers use their money, promoting good behaviour. Now, the focus is turning to the middle men: the banks. It is a welcome iteration, given their importance

Can big business help fix racial injustice? Here is how it can try

Protests in the US and globally have turned the spotlight on what companies can do to quicken the glacial pace of improving ethnic diversity at work

Diversity: Can buyout giants turn words into action?

In the aftermath of the death of George Floyd, financial services companies have joined other sectors in calling for greater racial equality. But the industry’s track record on diversity is still lagging

PE industry fails to take climate change seriously, say investors

More than three-quarters of LPs based in Asia-Pacific, 65% of investors in Europe and 47% in North America hold this view

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