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Month: December 2020

Japan’s ORIX Corp buys 70% stake in UK asset manager Gravis Capital Management

Japan's ORIX Corporation has bought a 70% stake in £3bn AUM fund manager Gravis Capital Management.

F1 Payments recapitalised by York Capital Management alongside growth investment

Fintech F1 Payments has picked up a strategic recapitalisation and growth investment from private investment house York Capital Management.

KKR Announces New Managing Directors

NEW YORK--(BUSINESS WIRE)-- KKR today announced a newly promoted group of 26 Managing Directors, effective January 1, 2021. “We are proud to recognize these senior leaders at KKR for their many accomplishments leading up to

Cain International snaps up Italian restaurant chain Prezzo

The London-based firm is taking over the business from TPG, which invested over £300m in the business six years ago

How McKinsey became a bank CEO factory

McKinsey partners are in vogue as banks face a fresh set of problems amid the pandemic. New Lloyds Banking Group boss Charlie Nunn spent five years as a senior partner at McKinsey

ECB’s chief economist defends private calls to bankers after meetings

The calls break with the central bank’s usual practice of delivering information to all market participants at the same time

CVC to acquire RiverStone Europe for $750m

The deal with Canada’s Fairfax Financial Holdings to buy the run-off insurance services business is expected to close early next year

EQT-backed Recover bolts-on SWE Skadeteknikgruppen

EQT-backed Recover has acquired Swedish company SWE Skadeteknikgruppen.

Pennsylvania Pension details the costs of private equity investing

The pension system’s fund managers collected about $427m in fees and expenses last year

Olive Tree Ventures reveals rebrand, Asia push amid $170m fund close

Digital health-focused VC firm Olive Tree Ventures has hit a $170m final close for its latest fundraise amid the firm rebranding itself to OTV.

Gimv sells Climate for Life to Parcom

Gimv has sold its majority stake in Netherlands-based heating, ventilation and air conditioning (HVAC) business Climate for Life to Parcom.

Dyal Capital in talks to combine with Owl Rock Capital

Discussions also involve Altimar Acquisition, an Spac, and would value combined entity at around $13bn

JP Morgan credit subsidiary Highbridge Capital adds $2bn of investing power through Covid-inspired fund

JP Morgan investment subsidiary Highbridge Capital Management has another $2bn-plus of investable capital to hand thanks to the final close of its Convertible Dislocation Fund.

VCs in €12m round for GreenCom Networks

Shell Ventures has led a €12m round for Germany-headquartered sustainable energy system business GreenCom Networks.

Wise acquires Cantiere del Pardo

Wise Equity has bought a 60% stake in Italian yacht maker Cantiere del Pardo.

Verdane, Canica acquire Porterbuddy

Private equity firms Verdane and Canica have acquired a majority stake in Norwegian logistics platform Porterbuddy.

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