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Month: June 2020

Ardian buys minority stake in ProduceShop

Ardian has bought a minority stake in Switzerland-based online indoor and outdoor furniture retailer ProduceShop.

P101 sells stake in Tannico to Campari

Venture capital house P101 has sold its stake in Tannico, an Italian online wine marketplace, to Milan-listed premium spirits specialist Campari Group.

German private bank Berenberg partners with fintech to give clients access to PE

Berlin-based Moonfare lets individual investors with a minimum of €100,000 invest in private equity funds through its online platform for an annual management fee of 0.5%

Blackstone slashes already agreed NIBC buyout offer to just over €1bn in wake of coronavirus uncertainty

US private equity giant Blackstone has slashed its previously agreed buyout offer for Dutch bank NIBC by about 25% due to the coronavirus crisis.

Taylor returns to Goldman for Australia ECM job

Ian Taylor has rejoined Goldman Sachs, as head of equity capital markets for Australia and New Zealand, following a short stint at a fintech-focused merchant bank in the US.

Consortium backs €8.8m round for Bepro

Existing investors Altos Ventures and Softbank Ventures have backed a €8.8m round for Germany-based football analytics software Bepro, along with new investors Saehan Ventures, Springcamp and Miraeasset Ventures.

QIPs in focus as HDFC, Axis wrap up deals

Investors threw their weight behind Housing Development Finance Corp's Rp140bn ($1.87bn) fundraising this week.

Now is a good time to dump old friends

Social distancing, wearing masks in public, bars and restaurants shutting down en masse: the coronavirus is a gift to those trying to avoid people.

BGF invests £3m in ROI

BGF has invested £3m in lead generation technology company ROI.

True Ventures powers on with hectic fundraising pace, eyes over $750m across two new funds

True Ventures is already back in the market eyeing more than $750m across a pair of new funds, less than two years after closing its predecessor vehicles in the strategies.

Veteran Silverfleet Capital partner retires after almost 30 years with firm

Veteran Silverfleet Capital partner Kay Ashton has retired from the firm after almost 30 years with the business.

Emeram appoints new investment manager

Emeram Capital Partners has appointed Marzio Bondolfi as an investment manager in its Munich-based team.

Covid-19 “will test private equity industry like never before” as survey predicts distressed deals, private debt rise

More than 90% of private equity fund managers are predicting a rise in the volume of distressed dealmaking over the next 12 months amid the fallout from the coronavirus crisis - but it may not

Travelport owners defy lenders to supply up to $1bn financing

Elliott Management and Siris Capital Group affiliates provided a loan package to help Travelport weather the coronavirus pandemic, while suing lenders that have objected

Ye Chiu breaks four year loan hiatus for $150m

Recycling aluminium manufacturer Ye Chiu Group has returned to the loan market after a four year absence for a $150m deal to meet its refinancing needs.

Silverfleet partner retires after nearly 30 years at the firm

Kay Ashton, who joined Silverfleet in 1992, is one of the longest standing partners at the business

Blackstone lowers €1.36bn bid for Dutch bank after Covid-19 threatens completion

Under the terms of the new deal, Blackstone would be required to pay €46m in damages if regulators do not approve the transaction or if it’s scrapped for other reasons

Ex-CVC Asia operations director joins CDIB Capital to boost China investment capabilities

Asian private equity investor CDIB Capital has brought former CVC Capital Asian operations director Stephen Li to boost its Chinese investment abilities.

Vitruvian Partners buys into growing European digital signature, ID business Scrive

Vitruvian Partners has bought European digital signature and identity solutions business Scrive.

Investec spin-out launches recovery fund to save South African economy “in induced coma”

A new coronavirus economic recovery fund targeting South Africa has been launched by Ninety One, which has just demerged from Investec Bank, and Ethos Private Equity.

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