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Month: December 2020

Digital+ Partners leads VMRay series-B extension

Digital+ Partners has led the second part of Germany-based cybersecurity company VMRay’s series-B round, bringing its funding total to $25m.

Polaris reaps high-teens return on €1bn sale of Molslinjen

Polaris Private Equity has entered into an agreement to sell ferry route operator Molslinjen to EQT Infrastructure for $1bn.

Waterland closes eighth fund at hard cap of €2.5bn

New fund reached target in three months

Mountaingate sells stake in Amazon, Google, Facebook marketing expert Tinuiti to New Mountain Capital

Mountaingate Capital has sold its stake in Amazon, Google and Facebook marketing specialist Tinuiti to fellow private equity house New Mountain Capital.

Banks face $3.7tn in lost revenue as Covid-19 reshapes industry

The top global investment banks are on course for their best year in a decade, but McKinsey says this is not sustainable

K1 Investment Management said to reach $3.25bn for Fund V, eyeing final close next year

K1 Investment Management has reportedly hauled in $3.25bn for easily its biggest fund yet ahead of a final close early next year.

ECI sells Arkessa to trade for 2.1x return

ECI Partners has sold cellular connectivity services provider Arkessa for a 2.1x return.

Mexican challenger bank albo gets $45m of venture capital funding

Mexican challenger bank albo has secured $45m of VC funding amid plans to become the nation’s answer to Chime.

Excellere Partners eyes $750m for first fundraise since death of co-founder Kessenich

Excellere Partners is reportedly back in the fundraising market for the first time since the deal of co-founder David Kessenich.

EQT Ventures leads $44m series-B for Cleo

EQT Ventures has led a $44m series-B funding round for digital investment adviser Cleo.

Alder to start raising new fund in H2 2021

Swedish private equity firm Alder is preparing to hit the fundraising trail for a new investment vehicle, partner Arash Raisse told Unquote.

Summit Partners invests €50m in Solactive

Summit Partners has made an investment of €50m in Germany-based financial indices provider Solactive.

Insurance, investment giant Prudential raises $300m venture fund through PruVen Capital arm

Insurance and investment management giant Prudential Financial has launched a $300m venture capital fund, its first through subsidiary PruVen Capital.

Eurazeo Growth helps swell open banking platform Tink’s coffers by €85m

Open banking platform Tink has added another €85m to its coffers in a new investment round-extension co-led by new investor Eurazeo Growth and existing investor Dawn Capital.

Rally Ventures races to $250m final close for biggest fundraise yet

Early stage business tech investor Rally Ventures has hit a $250m final close for its fourth flagship fundraise.

EnTrust Global seals $2.1bn final close for specialist maritime financing fundraise

Alternative asset manager EnTrust Global has scored a $2.1bn final close for its Blue Ocean Funds targeting financing for vessel owners, operators and other maritime businesses.

SEC enforcement chief to depart

Fines rose during Stephanie Avakian’s tenure; move will allow Biden to put stamp on agency

SEC enforcement chief to depart as US regulator prepares for turnover

Fines rose during Stephanie Avakian’s tenure; move will allow Biden to put stamp on agency

A no-deal Brexit could well crush the finance sector, City execs warn

'It illustrates the uncertainty in the market as to what Brexit actually means, [and] what the future relationship will be,' said Andrew Pilgrim, EY's UK government and financial services leader

A no-deal Brexit is set to crush the finance sector, City execs warn

'It illustrates the uncertainty in the market as to what Brexit actually means, [and] what the future relationship will be,' said Andrew Pilgrim, EY's UK government and financial services leader

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