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Month: August 2020

Mobeus nets 23.4% IRR in UK tech company sale

The British lower mid-market firm has exited Access-IS, which creates hardware to read tickets, take contactless fare payments, and image and authenticate travel and identity documents

Livingbridge, Goldman Sachs launch Black internship programme

The #100blackinterns initiative will see Black students carry out internships at 80 City firms in summer 2021

Ceecat Capital on road for Fund II

Ceecat Capital is on the road for Ceecat Fund II, its first vehicle to be raised since the firm span out from ADM Capital in 2018.

GTCR promotes Jeschke to managing director after nine years at firm

Chicago private equity house GTCR has promoted Stephen Jeschke to managing director after nine years at the firm.

Guidepost injects $20m into Elements Global Services

US growth capital firm Guidepost Growth Equity has made a $20m minority investment in Elements Global Services, a Spanish administrative service.

Gilde’s Raak Metals buys Stolwerk Metaal

Netherlands-based metals recycling company Raak Metals, a portfolio company of Gilde Equity Management, has acquired market peer Stolwerk Metaal.

Baring PE trumps Bain Capital with Nichiigakkan bid, values company at $1.37bn

Baring Private Equity has entered the fight to buy Japanese nursing home operator Nichiigakkan by trumping fellow buyout house Bain Capital's offer, valuing the business at $1.37bn.

Inflexion-backed Bollington Wilson acquires Watson Laurie

Inflexion Private Equity portfolio company Bollington Wilson has acquired insurance broker Watson Laurie.

Sixth Street hits mammoth $22.5bn for flagship fund after reopening vehicle to investors amid Covid opportunity: WSJ

Former TPG credit arm Sixth Street Partners has reportedly brought in another $10bn for its nine-year-old flagship fund after it re-opened the vehicle amid huge opportunities thrown up by the coronavirus crisis.

Ex-KKR deals veteran Momtazee launches new healthcare-focused private equity house

Former KKR dealmaker Jim Momtazee has reportedly launched his own private equity house targeting investments in the burgeoning healthcare sector.

General Atlantic invests in Gymshark at £1bn valuation

General Atlantic has invested in fitness brand Gymshark at a £1bn valuation.

‘Chronic under-representation’ of black talent in UK finance in sights of new PE-backed initiative

A string of UK private equity houses are part of a new initiative to help fight what it describes as the chronic under-representation of black talent in British financial institutions.

Mobeus sells Access-IS, nets 23.4% IRR

Mobeus Equity Partners has sold security devices manufacturer Access-IS to trade buyer HID, reaping an IRR of 23.4%.

GP Profile: FPE Capital

Following an intensive period of oversight over portfolio companies, FPE Capital is now gearing up to begin making investments again in the technology sector, moving into exclusivity on a deal. By Katharine Hidalgo

Wanted: Most influential people in private equity

FN50 Most Influential in Private Equity 2020 nominations are now open. Deadline for submissions is close of business on 11/09

CPPIB reveals over $590m of new private equity commitments as overall returns remain truncated

The $431bn-managing Canada Pension Plan Investment Board is the latest major institutional investor to see its quarterly returns stutter amid the coronavirus pandemic.

UK hunts for way to provide bailout loans to debt-laden private equity-backed businesses: FT

The UK government is reportedly searching for a way to offer state-backed loans to debt-heavy private equity-backed businesses to bolster struggling high street retailers, the FT has said.

The SPAC market is deflating. Here’s why

There is now more than $40bn of SPAC capital on the market searching for acquisition targets, but not all of those will agree to home-run deals, or be able to find ones before their deadlines

UK’s ‘battle-fatigued’ private care providers face uncertain post-coronavirus future

In England, 30% of all Covid-19 deaths were recorded in care homes, the latest data from the Office for National Statistics shows

Sixth Street Partners amasses one of the largest private capital funds

Former affiliate of private equity firm TPG would rival the €21.3bn buyout fund CVC Capital Partners completed this summer

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