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Month: December 2020

Chances of a Brexit deal jump to 81% as EU leader flags ‘a path to an agreement’

Betting odds in favour of a deal have increased rapidly in the last 24 hours as negotiations continue

EU unveils plans to help banks clean up soured Covid-19 loans

Way to help Europe’s creaky banks navigate the downturn and be strong enough to lend during the recovery

CD&R names senior fundraising, IR exec Kevin Smith as its newest partner

Global private equity major Clayton, Dubilier & Rice has named fundraising and IR specialist Kevin Smith as its latest partner after nine years at the firm.

Sanofi et al. back €47m series-B for MinervaX

Sanofi Ventures, Wellington Partners, Adjuvant Capital and Industrifonden have joined existing investors in a €47.4m series-B funding for Denmark-based biotech startup MinervaX.

Klarna rival Zilch gets $30m venture capital-led pre-Series B round

Zilch, a London-based FinTech pegged to be the rival to Klarna, has closed an additional $30m in funding to close an oversubscribed pre-Series B in under three weeks.

AlpInvest closes seventh secondaries fund on $9bn

AlpInvest Partners has closed its seventh secondaries fund AlpInvest Secondaries Program VII (ASP VII), surpassing its $8bn target and reaching its hard-cap of $9bn.

Mutares to acquire Primetals Technologies France

Mutares has entered into exclusive discussions to acquire steel manufacturing machinery producer Primetals Technologies France in a carve-out from its parent company, Primetals Technologies.

German government said to buy into KKR-backed Hensoldt to ward off potential foreign takeover

The German government has reportedly decided to buy a 25.1% stake in KKR-backed defence business Hensoldt for €464m.

Auctus acquires Energiekonzepte Mitteldeutschland

Auctus Capital Partners has acquired a majority stake in Germany-based Energiekonzepte Mitteldeutschland (EKM), a company that provides solar panels for residential buildings.

Equinox buys pesto specialist Clas

Equinox has acquired an 80% stake in Clas, an Italian pesto producer.

Partners Group buys into Warburg Pincus’ Indian portfolio business Ecom Express

Partners Group has agreed to invest more than $250m in Warburg Pincus portfolio business Ecom Express, one of the largest providers of tech-enabled logistics solutions to the Indian e-commerce industry.

Procuritas buys and merges Medpro and Omtanken

Procuritas has acquired and merged Swedish primary care providers Medpro and Omtanken.

Flashpoint VC strikes initial close for first fund since rebrand from Buran Venture Capital

Tech investor Flashpoint Venture Capital has hit a first close for its debut fund since rebranding from Buran Venture Capital last year.

Accel leads $21m round for Taxdoo

Accel has led a $21m series-A funding round for Germany-based Taxdoo, a company that provides VAT filing software for online retailers.

Mobeus backs £9.5m ABL1Touch buyout

Mobeus has backed a buyout for automotive accident repair group ABLE1Touch, worth £9.5m.

Providence buys La Centrale

Providence Equity Partners has acquired a majority stake in French car classifieds provider La Centrale from Axel Springer.

Carlyle’s AlpInvest raises $9bn for latest secondaries fund

The new capital pool is considerably larger than its predecessor, which raised $6.5bn in 2017

Gyrus completes recap for DuPont Sustainable Solutions

Gyrus has completed a recapitalisation for Switzerland-based environmental health and safety consultancy DuPont Sustainable Solutions (DSS).

Bahamas passes Digital Assets and Registered Exchanges Bill to establish legal foundation for a new industry

Opalesque Industry Update - The passage of the Digital Assets and Registered Exchanges Bill, 2020 (DARE) has put in place the legal framework for a vital, well-regulated and compliant industry in The Bahamas for those

LDC seals quick Texthelp exit to Five Arrows after boosting revenue 40% in 18 months

Lloyds Bank private equity arm LDC has sealed a rapid exit of Texthelp to fellow buyout house Five Arrows after just 18 months in its portfolio.

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