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Month: November 2020

Apax Partners scores 4.2x return selling ECI Software to Leonard Green & Partners

Apax Partners has sealed a 4.2x return selling ECI Software Solutions to fellow private equity house Leonard Green & Partners.

Private equity deals soar in Asia while collapsing in Americas

Research shows investment in Asia more than doubled through the first three quarters of 2020

CVC provides £37.5m financing for Sovereign-backed Nurse Plus

CVC Credit Partners has become the sole underwriter to Sovereign Capital Partners portfolio company Nurse Plus.

Elevat3 Capital leads funding round for Neodigital

Elevat3 Capital has led a series-B funding round for Germany-based insurance technology company Neodigital.

PAI carves out EEF from Ardian's Grand Frais

PAI Partners has acquired a majority stake in Euro Ethnic Foods (EEF), the grocery business of Ardian-backed Grand Frais.

Private equity majors said to circle Hitachi Metals, bidding could exceed $6.4bn

A slew of private equity majors are reportedly in the running for Hitachi Metals in a deal which could exceed $6.4bn.

Edge invests in Blast

Edge has invested £1.7m in e-sports media network Blast.

Apax scores over 4x return from sale of ECI Software to LGP

The exit of the Texas-based software company generated an IRR of 55%

Alder to exit Finnish company Aidon in Q1 2021 – report

Swedish private equity firm Alder is preparing to exit Finnish portfolio company Aidon in Q1 next year, sources told Unquote sister publication Mergermarket.

VCs in €100m round for SellerX

Cherry Ventures, Felix Capital and Triple Point Capital have backed a €100m round for Germany-based SellerX, a company that aims to acquire and grow businesses selling products on Amazon.

CVC, Advent, FSI to buy Serie A in €1.7bn deal

Italian football league Serie A has voted unanimously in favour of an offer put forward by a consortium that comprises CVC Capital Partners, Advent International and FSI.

Telecoms giant Orange invests in LBO France digital health fund

Telecoms giant Orange has agreed to back LBO France's Digital Health 2 fund, which plans to invest €200m in e-health SMEs in France and Western Europe.

Mercia-backed Abingdon Health files for IPO

Mercia Asset Management-backed coronavirus antibody company Abingdon Health has filed for an initial public offering.

GSK spinout SR One closes $500m debut fund

Biotechnology venture capital investor SR One, a spinout from GlaxoSmithKline (GSK), has announced the final close of its debut fund on its hard-cap of $500m.

Ampersand Capital Partners raises $670m fund to buy out trio of assets from existing PE vehicles

Healthcare-focused Ampersand Capital Partners has raised $670m for a continuation vehicle to buy up a trio of portfolio businesses from its mature private equity funds.

Astanor Ventures I closes on $325m

Astanor Ventures has closed its debut venture capital fund on its hard-cap of $325m.

CVC and Advent move in on €1.7bn deal with Italy’s Serie A

Deal would see PE firms acquire 10% of league’s TV rights division

Multiples Heatmap: average entry multiple hits 10.5x as dealflow recovers

In Q3 2020, average multiples paid in private-equity-backed transactions throughout Europe increased slightly when compared with the previous quarter, with deal volume increasing 58%, according to the latest Clearwater Heatmap.

Pike Street Capital pulls past target to strike $237m for debut fund close

A new industrial tech-focused private equity firm launched by former Evergreen Pacific veterans has beaten its target for its debut fund.

Qiming Venture Capital strikes $1.2bn final for Fund VII, thought to be China’s biggest VC raise this year

Qiming Venture Capital has scored what is thought to be the biggest VC fund close in China this year through a $1.2bn final close of its seventh flagship US dollar investment vehicle.

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