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Month: August 2020

AMB :- McCarthy Capital wraps up the seventh fund

Laxman Pai, Opalesque Asia: Growth equity specialist McCarthy Capital has easily beaten the target of $425 million for its seventh flagship fundraise through a final closing of $535 million. The McCarthy Capital Fund VI...Article Link

Nordic Capital surpasses €5bn goal of its tenth buyout fund

The firm is expected to wrap up the fundraising in the “next couple of months”, a person familiar with the situation said

Trinity Hunt Builds Forensic Engineering Platform

Forensic Engineering Services, a portfolio company of Trinity Hunt Partners, has acquired Scientific Analysis. Scientific Analysis (SAI) is a provider of forensic engineering services used in accident reconstruction. The company provides a range of investigation,

MiddleGround Adds to Alco

Alco Manufacturing, a portfolio company of MiddleGround Capital since July 2018, has acquired Manth-Brownell. Manth-Brownell is a manufacturer of machined components used in the electrical connector, fluid power, industrial, appliance, safety, and aerospace end markets.

McCarthy Beats Target

Omaha-based McCarthy Capital has held a final, oversubscribed, and above target closing of McCarthy Capital Fund VII LP with $535 million of capital. The firm’s earlier fund, McCarthy Capital Fund VI LP, closed in April

Patient Square Launched by Ex-KKR Pro

Patient Square Capital has been launched in Menlo Park, California by Jim Momtazee and Maria Walker. Patient Square will invest across the health care industry with a specific interest in technology-enabled services, biopharmaceuticals, pharmaceuticals, medical

World’s biggest sovereign wealth fund loses $21bn in first half

The fund's active portfolio management team helped mitigate losses in stocks and bonds - but markdowns in real estate values hit hard

Data standards group pushes for clarity in private equity reporting

US-based not-for-profit ADS Initiative advocates for a standard method of reporting private equity costs and performance

Lightspeed closes $275m fund to back Indian startups – report

Lightspeed India Partners has reportedly bagged $275m from LPs in a new venture fund aimed at supporting early-stage startups in the world's second-largest internet market.

Waterland’s Beck Et Al buys InfoWan

IT cloud service Beck Et Al, a portfolio company of Waterland Private Equity, has acquired Germany-based market peer InfoWan as part of its buy-and-build strategy.

Hedge funds gain 2.76% in July

Opalesque Industry Update - The hedge fund industry turned in a fourth consecutive positive month in July as stock markets ' continued strong performance contributed to a 2.76% return, according to the Barclay Hedge Fund

Helios Investment appoints ESG director from Carlyle

Phil Davis is expected to help the Africa-focused firm expand its sustainability and responsible business practices

EQT to launch Huscompagniet’s IPO – report

Swedish private equity firm EQT is launching an IPO for its portfolio company Huscompagniet, a Danish residential construction business, according to press reports.

Tencent buys minority interest in Goldman Sachs-backed Voodoo

Tencent has acquired a minority interest in Goldman Sachs-backed Voodoo, a gaming company.

CVC’s Syntegon sells Viersen-based operations to trade

Syntegon Technology, a portfolio company of CVC Capital Partners, has sold its Viersen-based operations to Rotzinger, a Switzerland-based company that produces conveyor and storage systems used in the packaging industry.

PE-backed Ardonagh acquires Thames Underwriting

Insurance company Ardonagh Group, a portfolio company of US private equity houses HPS Investment Partners and Madison Dearborn Partners, has acquired Thames Underwriting.

Bullnet Capital sells Codice SW to PE-backed Unity

Spanish venture capital house Bullnet Capital has sold version control software (VCS) specialist Codice SW to Unity Technologies, a private-equity-backed US software company.

Adiuva-backed Konzmann acquires Trenker

Building facilities service Konzmann, a portfolio company of Adiuva Capital, has acquired Germany-based heating, ventilation and refrigeration systems specialist Trenker.

JPMorgan hires UK ex-Chancellor Sajid Javid as senior adviser

Javid will be on the bank's advisory council for Europe, Middle East and Africa

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