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Month: August 2020

AMB :- Ocean Avenue Capital Partners wraps up the fourth fund at $350m

Laxman Pai, Opalesque Asia: California-based lower-middle market private equity firm Ocean Avenue Capital Partners (OACP) has closed its fourth fund at a hard cap of $350 million, beating its $300 million target. OACP,...Article Link

AMB :- GCM Grosvenor to merge with Cantor Fitzgerald SPAC, to go public

Laxman Pai, Opalesque Asia: GCM Grosvenor, a global alternative asset management solutions provider with approximately $57 billion in assets under management, is planning to go public by merging with a special purpose ac...Article Link

KKR and XPV Water Partners Appoint Chris McIntire as CEO of Water Quality Platform

NEW YORK--(BUSINESS WIRE)-- KKR and XPV Water Partners today announced the appointment of Chris McIntire as Chief Executive Officer (CEO) of its newly created water quality solutions platform focused on pressing water quality challenges across

Private equity firms pledge to reduce carbon emissions in new sustainability push

So far, 47 firms have signed up to Initiative Climat International (iCI), a global network that will share knowledge, tools, experience, and best practice to help build and manage both climate-aligned and climate-resilient portfolios

UCL Technology Fund 2 holds first close on £100m

UCL Technology Fund 2, managed by AlbionVC, has held a first close on £100m.

Blackstone’s second fund targeting GP stakes raises $3.5bn so far

The firm’s second fundraising for its Strategic Capital strategy is expected to reach around $4bn

CMS hires five in Polish transactions team

CMS has hired a team of five from Clifford Chance to its Poland-based transactions practice, all of whom will focus on M&A deals and advisory mandates for private equity firms, bringing the team to 26

Investindustrial’s Italcanditi buys Ortofrutticola Del Mugello

Italian candied fruit and marron glacé producer Italcanditi, a portfolio company of private equity firm Investindustrial, has wholly acquired chestnut specialist Ortofrutticola Del Mugello.

Verium-backed Tavola acquires Frische und Service

Tavola, a portfolio company of Switzerland-based family office Verium, has acquired a majority stake in Germany-based Mediterranean food products company Frische und Service as part of a succession solution.

Icelandic company Lucinity raises $6.1m in series-A round

Icelandic AI company Lucinity has raised $6.1m in a series-A round led by Karma Ventures and byFounders.

MCH buys minority stake in Prosur

MCH Private Equity has acquired a 30% stake in Prosur, a Spanish food ingredients producer.

THCP-backed Byron to be acquired out of administration

Three Hills Capital Partners-backed restaurant chain Byron is to be acquired out of administration by Calveton.

Capital D sells Invincible Brands to Henkel

London-based private equity manager Capital D has sold a 75% stake in Invincible Brands, a Berlin-based provider of social media campaign services for beauty products, to Henkel.

Epiris deal looks to rescue UK’s Bella Italia, Café Rouge, Las Iguanas following Covid-19 lockdown

UK private equity house Epiris has swooped to buy restaurant chains Bella Italia, Café Rouge and Las Iguanas in a bid to rescue the eateries following their long closures due the coronavirus crisis.

Benelux dethroned by Nordics as world’s top-performing private equity market

The Nordic region has become the world's top-performing private equity market, helping Western Europe consolidate its position at the top of the global PE tree, new research has revealed.

Francisco Partners acquires Consignor for €140m

Francisco Partners has acquired a majority stake in delivery management company Consignor Group for NOK 1.5bn (€139.6m).

EQT closes acquisition of Schülke

EQT has closed the acquisition of hygiene products producer Schülke from its France-based parent company Air Liquide for €925-1bn, subject to an earn-out provision, after entering into exclusive negotiations to buy the business in April

Fondo Italiano backs Maticmind

Fondo Italiano d’Investimento (FII) has invested in Italian IT systems integrator Maticmind via a capital increase, in exchange for a minority stake.

Bregal’s SHD bolts on Tesy

Furniture and kitchen design software business SHD, a portfolio of Bregal Unternehmenkapital, has acquired Italy-based furniture design software company Tesy.

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