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Month: July 2020

Investcorp introduces policies to improve diversity as it creates new D&I champion role

From 2021, the firm will require at least half of the candidates who are shortlisted for open positions to be from diverse backgrounds

Carlyle co-CEO Glenn Youngkin to retire

Kewsong Lee to become sole CEO

BREAKING: Carlyle co-CEO Youngkin to retire after 25 years, Lee to become CEO

Carlyle's veteran co-CEO Glenn Youngkin is leaving the firm in two months after a 25-year career.

Ardian’s Dedalus carves out DXC’s healthcare division

Clinical healthcare software specialist Dedalus, a portfolio company of Ardian, has acquired the healthcare software division of US-based DXC Technology.

HV Holtzbrinck promotes Masemann to partner

HV Holtzbrinck Ventures has promoted Jasper Masemann to partner in its Berlin-based team.

Talde, Oquendo exit Rotecna to Solix-backed Skiold

Talde Private Equity and Oquendo Capital have sold Rotecna, a Spanish manufacturer of machinery for the pig farming industry, to Solix-backed Skiold Group.

UK’s Zizzi, Ask Italian owner preps to cut 1,200 jobs as Towerbrook invests for company’s Covid recovery

Struggling UK restaurant operator Azzuri Group has been bought by Towerbrook Capital Partners amid the company revealing it could slash up to 1,200 jobs as it battles to overcome the Covid-19 crisis.

RedBird Capital acquires Toulouse Football Club

US-based private equity firm Redbird Capital Partners has acquired an 85% stake in Toulouse Football Club. The club owner Olivier Sadran will retain the remaining 15%.

Aurelius to acquire majority stake in DetailM

Aurelius is to acquire a 65.62% stake in Germany-based digital and online marketing business DetailM, according to a filing with the Austrian competition authority.

Bestport sells Oracle for 3.3x return

Bestport Private Equity has sold Oracle Care & Education for a return of 3.3x money.

Bridgepoint’s Cyrus Group buys V2A Patrimoine

Asset and wealth management service Cyrus Group, a portfolio company of Bridgepoint, has acquired France-based financial consulting firm V2A Patrimoine.

GED, Oquendo sell GTT to AnaCap

AnaCap Financial Partners has acquired Gestión Tributaria Territorial (GTT) from Spanish private equity firm GED Capital and private debt specialist Oquendo Capital.

BGF-backed Xercise4Less prepares for administration

BGF-backed gym chain Xercise4Less is preparing to appoint administrators.

Carlyle-backed Euro Techno Com buys Comtec

Telecommunications equipment and supplies producer Euro Techno Com (ETC), a portfolio company of Carlyle, has acquired UK-based market peer Comtec.

AnaCap seals first Spanish deal with the €120m takeover of software provider GTT

The company, focused on managing tax collection in the country, has been held by Spanish firm GED Capital since 2017

Thoma Bravo to take cloud insurance software business Majesco private in $594m buyout

Software and tech-focused private equity house Thoma Bravo has agreed a $594m take-private buyout of cloud insurance software provider Majesco.

Aquiline closes investment in Quintes Holding

US-based private equity firm Aquiline Capital Partners has invested in the Dutch insurance broker Quintes Holding.

Silver Lake, Summit Partners pick up Los Angeles Fire and Police Pensions fund commitments

The $21bn-managing Los Angeles Fire and Police Pensions has picked Silver Lake Partners and Summit Partners for its two most recent private equity and venture capital commitments.

LDC invests in Aker

LDC has invested in enterprise data publisher Aker Systems, taking a minority stake.

KKR raises smaller sophomore real estate credit fund at $950m

KKR has raised a smaller sophomore fund in its real estate credit strategy, pulling in $950m for the final close of the vehicle.

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