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Month: September 2020

Chemicals industry veteran Chris Fraser hired by SK Capital as senior director

Private equity investor SK Capital Partners has boosted its team with the hire of veteran chemicals industry expert Chris Fraser as a senior director.

Ardian backs smart city specialist Wintics

Ardian has acquired a minority stake in Wintics, a French developer of software for smart cities and transport operators.

Avedon’s SLF acquires STI Bearings

Avedon Capital portfolio company Spindel- und Lagerungstechnik Fraureuth (SLF) has acquired Germany-based market peer STI Bearings via an asset deal.

Sprinklr seals $2.7bn valuation as private equity house Hellman & Friedman buys into business

A hefty Hellman & Friedman investment in customer experience management platform Sprinklr has seen the business reach a $2.7bn valuation.

LBO France completes sale of EI-Technologies to trade

LBO France and EI Capital have sold their stakes in EI-Technologies, a Paris-based Salesforce training partner, to Cognizant.

Private equity investment values Sprinklr at $2.7bn

Customer experience management business has raised $200m from Hellman & Friedman

Waburg Pincus makes ‘significant’ investment in Vista Equity Partners portfolio business Infoblox

Warburg Pincus has made a "significant" investment in Vista Equity Partners portfolio business Infoblox.

AppyWay to target £20m series-B funding round

West Hill Capital-backed AppyWay has launched a series-B funding round targeting £20m.

Tropical Smoothie Cafe picked up by Levine Leichtman Capital Partners

Levine Leichtman Capital Partners has bought Tropical Smoothie Cafe, a franchisor of fast casual cafes with more than 870 units across 44 US states.

Priming pioneer Selecta proposes bondholder-friendly restructuring

KKR-owned vending machine company Selecta was one of the first companies to have its owner inject super-senior ‘priming’ debt once the Covid crisis hit, pushing bondholders down the capital structure. But in its restructuring package

Dawn closes fourth fund on $400m hard-cap

Dawn Capital has closed its fourth-generation fund, Dawn Capital IV, on its $400m hard-cap.

Another coronavirus-period fundraising success sees Dawn Capital reach €333m Fund IV hard cap

Another coronavirus-period fundraising success has seen B2B software investment specialist Dawn Capital close its biggest fund to date on its €333m hard cap.

HIG Capital expands London mid-market team

Rohin Jain and Nishant Nayyar have joined the firm as managing director and principal, respectively

Haircuts and taxi fares: the perks to lure finance workers back to the office

Big City firms are being creative with perks and other policies to get staff back to work, even as fears of a second wave of coronavirus mount

Stellar fundraise sees Bridgepoint Development Capital soar to £1.5bn hard cap close – sources

Bridgepoint Development Capital has surged past its target for its fourth flagship fundraise to close on its £1.5bn hard cap, AltAssets understands.

Masan in talks with banks for new loan

Vietnamese food and beverage company Masan Group Corp is in talks with banks for a new borrowing, planning a return to the loan market after seven years.

UOB nets tight $600m tier two bond

Singapore’s United Overseas Bank has bagged the lowest yield globally for a Basel-III compliant tier two dollar bond, breaking the record set by its peer Oversea-Chinese Banking Corp just last week.

Citi drops Boqii’s $115m US listing

Chinese pet focused e-commerce site Boqii Holding filed its listing documents for a US IPO on Tuesday, but Citi, one of the original lead banks on the deal, is now no longer on the syndicate.

Chinese trio line up for $1bn in US listings

Chindata Group Holdings, iHuman and Yalla Group filed IPO paperwork with the US regulator on Tuesday as they prepare to float on New York stock exchanges.

Citi drops Boqii’s $115m NYSE listing

Chinese pet-focused e-commerce site Boqii Holding filed its listing documents for a US IPO on Tuesday, but Citigroup, one of the original lead banks on the deal, is now no longer in the syndicate.

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