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Month: October 2020

Lucern Capital Partners eyes Philadelphia real estate opportunity with launch of debut fundraise

Real estate private equity firm Lucern Capital Partners has launched its debut fundraise targeting multifamily and mixed-use investments.

Lone Star Funds agrees American Bath group sale to Centerbridge Partners

Centerbridge Partners has agreed a buyout of shower, bathtub and accessories business American Bath Group from fellow private equity major Lone Star Funds.

GenNx360 Capital Partners picks up packaging supplies pair after ‘outsized growth’

Private equity house GenNx360 Capital Partners has picked up packaging supplies company B2B Industrial and the assets of AMW Packaging Supply.

Alternatives advisory firm Cliffwater brings in Beyers from Refinitiv as private debt group’s head of capital markets

Alternatives advisory and asset management firm Cliffwater has named Refinitiv's Frances Beyers as managing director and head of capital markets at its private debt group.

Venture capital trio back software development platform Gitpod’s seed investment round

Open source software developer platform Gitpod has picked up a $3m seed financing round from Crane Venture Partners, Speedinvest, and Vertex Ventures US.

Pritzker Private Capital to buy The Sterling Group’s Highline, merge with fellow new investment Warren Distribution

Pritzker Private Capital has agreed to buy and combine automotive chemical product suppliers Highline Aftermarket Holdings and Warren Distribution.

Marketing data management startup Claravine gets Grayhawk Capital-led Series A round

Marketing data management platform Claravine has brought its total outside funding to $12.4m through a new investment round.

Payables automation startup Tipalti hits $2bn valuation through new venture capital investment round

Global payables automation company Tipalti has hit a $2bn valuation through the close of a new $150m funding round.

Cybersecurity platform Cyvatar closes $3m venture capital-led seed round

Cyvatar, a cybersecurity company, has closed its seed round on $3m to support the launch of its all-in-one cybersecurity-as-a-service platform.

SoftBank, General Atlantic-backed Greensill seeks fresh cash

Supply chain finance company says business is booming, but it also faces client defaults, regulatory scrutiny and loosening ties from partner firms

City to make Square Mile carbon neutral by 2040

The local authority promised to be carbon neutral in its own operations by 2027

Euronext acquires Borsa Italiana from London Stock Exchange in €4.3bn deal

The exchange's announcement follows several acquisitions in Scandinavia this year

Germany’s E.ON forms €250m VC group to invest in future energy

Future Energy Ventures will invest in start-ups 'transforming the energy ecosystem'

Firms that shirk diversity are ‘financially stupid,’ says Federated Hermes leader

Saker Nusseibeh, one of the most outspoken chief executives in the City, said improving diversity is 'good for companies and makes good business sense'

Kartesia carves out ADL Biopharma from Black Toro's ADL Bionatur

Kartesia has acquired a 51% stake in ADL Biopharma from its parent company ADL Bionatur Solutions, a Madrid-listed business that is controlled by Black Toro Capital.

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