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Month: July 2020

Dominus Capital raises up to $350m for Fund 3 but the target size for the fund looks to have dropped down to $525m

Dominus Capital is looking to raise $525m for its third investment fund, despite earlier reports claiming it was looking to raise $750m.

PE firms bid to take over KKR-backed Casual Dining Group’s restaurants – report

Aurelius Equity Opportunities and Endless are reported to have made bids to acquire the Café Rouge, Bella Italia, and Las Iguanas brands

SoftBank looks to end its partnership with Wirecard

SoftBank is looking to distance itself from Wirecard, after the Japanese tech conglomerate helped arrange an investment months before the German payments company went bust

Priveq closes SEK2.5bn Fund VI launched amid worst of coronavirus

European private equity investor Priveq has hit a SEK2.5bn ($270m) final close for its sixth flagship fund, raised entirely during the worst of the coronavirus crisis.

VCs exit Inventorum to Shore

Venture capital backers have sold their stakes in Inventorum, the developer of an inventory and cash management software platform for small businesses, to Germany-based digital appointment and customer management platform Shore, formerly known as Termine24.

Beyond Leather Materials raises $1.1m in seed round

Danish startup Beyond Leather Materials, a producer of plant-based and eco-friendly alternatives to animal leather, has raised $1.1m in a seed investment round.

Angelo Gordon surges to $1.5bn hard cap for third Europe RE fund, almost double size of Fund II

Angelo Gordon & Co has hauled in more than $1.5bn for the hard cap close of its latest European real estate fund.

DBAG’s Vitronet bolts on CR Clemens Reuschenbach

Broadband network construction company Vitronet, a portfolio company of Deutsche Beteiligungs AG (DBAG), has acquired civil engineering company CR Clemens Reuschenbach.

Alcedo to launch €230m fifth fund

Italian private equity firm Alcedo plans to launch a fifth buyout fund in the coming months, with a €215m target and €230m hard-cap, Unquote understands.

Axcel acquires AddPro from Adelis

Adelis Equity Partners Fund I has sold its majority stake in AddPro to Axcel, three years after investing in the company.

Kennet Partners raises €223m for biggest ever fund in tie-up with Edmond de Rothschild

Tech-focused European growth equity investor Kennet Partners has raised $250m for the final close of its fifth flagship fund.

Carlyle tech fund acquires stake in Czech language translation software provider

The €1.35bn Carlyle Europe Technology Partners IV fund typically invests €30m to €80m in lower mid-market companies

Palamon-backed Simplify acquires Cook Taylor

Palamon Capital Partners portfolio company Simplify has acquired Cook Taylor Woodhouse Solicitors.

Most German PE firms say 75% of portfolio unimpaired by Covid-19 – survey

In a survey conducted by Finance Magazine on behalf of Deutsche Beteiligungs AG, 60% of German private equity investment managers said that less than one quarter of their portfolio companies had been severely impaired by

Backcast Partners passes $775m of assets under management thanks to debut private credit fund close

Debt and equity investor Backcast Partners Management has closed its debut private credit fund to bring its assets under management to more than $775m.

NB Renaissance’s Rino Mastrotto buys Nuova Osba

Italian leather producer Rino Mastrotto, a portfolio company of NB Renaissance Partners, has acquired Nuova Osba Italia from the founding Famiglietti family.

Jet Investments fully acquires Tedom

Jet Investment has acquired remaining 45% stake in Czech electricity co-generation manufacturer Tedom from Cypriot company Moufleco Holding, becoming the sole owner of the company.

LDC-backed Babble acquires Lake Technologies

LDC portfolio company Babble has acquired telecoms provider Lake Technologies.

Creas leads €3.6m round for Qida

Spanish venture capital house Creas has led a €3.6m round for Qida, a startup specialising in homecare services.

‘More realism’ needed in private equity as coronavirus crisis looks set to change industry

More realism, longer holding periods and an advantage for investors with long-term focus are all structural changes expected to impact the private equity industry in the wake of the coronavirus crisis, a new survey suggests.

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