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Month: December 2020

Rutland Partners promotes two to investment director after six years with firm

UK private equity house Rutland Partners has promoted two to investment director after six years with the business.

Paine Schwartz Partners picks up plant-based dough maker Urban Farmer as new platform investment

Sustainable food chain investor Paine Schwartz Partners has tapped its fifth flagship fund to buy into plant-based specialty dough maker Urban Farmer.

Merieux Equity et al. in series-A round for Cell-Easy

Merieux Equity Partners, Irdi Soridec Gestion and M Capital Partners have invested in a series-A financing round for Cell-Easy, a French specialist in novel cell therapies.

Cerberus Capital, Provender team up to create multibillion-dollar US cold storage real estate portfolio

Cerberus Capital Management has teamed up with refrigerated real estate specialist Provender Partners for a new joint venture to create a multibillion-dollar portfolio of cold food storage facilities in the US.

Cerulli: Public pensions explore alternative models of investing

Opalesque Industry Update - Overly optimistic investment return assumptions have caused government pension plans to consistently underestimate future contribution increases required to keep plans adequately funded. As governments are strained by falling tax receipts and

Global Infrastructure Partners pulls in $2.8bn across pair of new credit fundraises

Global Infrastructure Partners has raised $2.8bn across a pair of new credit fundraises targeting the investment sector.

General Atlantic promotes two

General Atlantic has promoted Melis Kahya Akar to the position of managing director and Caroline Woodworth to the position of principal.

Female founders, CEOs seeing disproportionate VC funding hit from Covid-19 pandemic

Female founders and CEOs have disproportionately suffered from the VC funding drop in the wake of the Covid-19 pandemic, new research shows.

Cavendish promotes Farrugia to managing partner

Cavendish Corporate Finance has promoted John Farrugia to managing partner.

UK activity on the up, but market braces for tax hit

In a volatile year, which has seen buy-and-build and technology deals increase, GPs have adjusted working habits to achieve some semblance of normality in their operations, drawing investment volumes back towards pre-Covid-19 levels. Katharine Hidalgo

Wellington Management raises $2.2bn across new private equity fund, co-investment capital

Investment house Wellington Management has hauled in $2.2bn across its latest private equity fundraise and co-investment commitments.

Carlyle sells logistics portfolio in northern Italy to Axa IM for €270m

The European logistics sector continues to benefit from structural shifts driven by the rapid growth of e-commerce

Inflexion seals 3x return selling Lane Clark & Peacock to Charterhouse Capital

UK private equity house Inflexion has sealed a better than 3x return selling its stake in financial consultancy Lane Clark & Peacock to Charterhouse Capital Partners, AltAssets understands.

IMRF loses chief investment officer Shah after nine years, AUM almost doubled to $48bn in that time

The $48bn-managing Illinois Municipal Retirement Fund is losing CIO Dhvani Shah after nine years to Florida-based automobile business JM Family Enterprises.

G4S reaches agreement with PE-backed Allied Universal for £3.8bn sale

Despite the announcement, investors bet the takeover fight for the security group is far from over

Monarch Alternative Capital raises $3bn for distressed debt fund

With offices in New York and London, the firm manages around $8.3bn across closed-end, open-end and other vehicles, focusing on distressed and opportunistic credit investments

Bankrupt Ann Taylor owner gets green light for sale to Sycamore Partners

Ascena Retail Group hopes to wrap up the $540m sale out of bankruptcy despite the US Department of Justice objection

Mid Europa Partners carves out Polish arm of software major Sage Group

Central European private equity major Mid Europa Partners has agreed to carve out cloud business management company Sage Poland from The Sage Group.

Moov Financial gets hefty $27m Series A investment led by Andreessen Horowitz

Moov Financial has closed a hefty $27m Series A round, just three months after it raised $5.5m of seed capital.

TGI Fridays owner’s net asset value hit by pandemic

London-based Electra Private Equity said the valuation of its three largest investments--TGI Fridays, Hotter Shoes and Sentinel Performance Solutions--was reduced by £58.4m from September 2019

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