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Month: August 2020

PE-backed Vertafore targeted by rival Roper, other buyout firms, deal could reach $5.5bn – report

Private equity-backed insurance software company Vertafore is in the sights of other buyout houses and rival Roper Technologies in what could end up as a $5.5bn buyout.

Tembo Capital looks to equal total raised by all PE mining funds last year through a single fundraise

Mining-focused private equity house Tembo Capital is targeting up to $300m for a new fund to follow its stand-out sophomore raise in the sector last year.

ICG could raise €1bn for recovery fund targeting coronavirus opportunities – report

Intermediate Capital Group is reportedly in talks with LPs over raising a €1bn 'recovery fund' to invest in business opportunities thrown up by the Covid-19 pandemic.

The EU’s recovery fund threatens to deepen divisions

The €750bn fund, dubbed Next Generation EU, could be a mortal blow to a proper fiscal union

People news in brief: October 8, 2020

Goldman picks Drayton as Asia IB co-head — Credit Suisse names new Japan IB chief — Li to retire early from HKEX — ANZ appoints Philippines head

The investor looking for ‘consumer revolutions’

Eric Melloul, the managing director of Belgian investment group Verlinvest, said he would like to make up to three more deals by the end of 2020

Pandemic slowed private equity fund closings in first half

Globally, 552 private equity funds reached their final close in the first half of the year, 31% fewer than in the same period last year

Blackstone said to near biggest Indian RE portfolio buyout to date with $1.7bn Prestige Group deal

Global private equity giant Blackstone is reportedly near a $1.7bn buyout of Indian property developer Prestige Group's rental income assets in what is said to be the largest real estate portfolio buyout in the country

Under 10% of senior City dealmakers are women: ‘It’s still very testosterone-fuelled’

One top female dealmaker said: ‘Once you have women at the top, the rest will follow very naturally, I’m confident of that’

Rival offer sees Thoma Bravo up deal for insurtech business Majesco to $729m

Private equity house Thoma Bravo has upped its previously agreed deal for cloud insurance software provider Majesco to $729m amid rival interest from a new suitor.

Cebu Air seeks $500m to tackle Covid impact

Philippine carrier Cebu Air is looking to tap the equity markets for $500m, in an attempt to position itself for a recovery from the impact of the Covid-19 pandemic.

“The industry’s biggest challenge”: How PE-owned restaurants must respond to the Covid-19 downturn

Veteran investor Paul Campbell on how the casual dining sector can emerge from the pandemic-induced crisis

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