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Month: January 2021

VC-backed Ubitricity sold to Shell

Venture capital investors including IBB Beteiligungsgesellschaft and Earlybird Venture Capital have sold their stakes in electric vehicle charging company Ubitricity to oil and gas company Shell.

Larry Fink of BlackRock Sets Bold Climate Goals for Corporate America

The BlackRock chief plans to pressure companies to do more to cut carbon emissions, using the weight of his firm’s $9 trillion in assets.

Carlyle buys veteran UK videogame developer Jagex in wake of RuneScape player numbers boost

Global buyout giant Carlyle has agreed the buyout of UK videogame developer Jagex, best known for its online role-playing game RuneScape.

LDC appoints Scales as investment director

LDC has appointed William Scales as an investment director in its Yorkshire team.

African PE and VC association appoints new chief executive

Abi Mustapha-Maduakor joins from MedAccess, where she was head of business operations and finance

Oakley Capital races to €455m close for debut lower mid-market fund as its flagship vehicles balloon

European private equity house Oakley Capital has stormed past its target for its first lower mid-market fundraise, hitting about €455m after just six months in the market.

Pantheon names new European infra head to follow mass of promotions

Global alternatives major Pantheon has named a new head of European infrastructure and hired a new investment partners in its infra and real assets team.

GP Profile: Clessidra

Clessidra CEO Andrea Ottaviano talks to Alessia Argentieri about the launch of the firm's latest buyout fund, as well as dealflow and market perspectives in the aftermath of the coronavirus outbreak

EIG reaches halfway mark in raising a clean energy fund

The firm is seeking about €750m for the fund and has begun making deals that are too small for the energy-focused firm’s flagship vehicle

Energy, environment-focused Pioneer Point Partners hits first close for €500m-targeting maiden institutional fundraise

Infrastructure investment specialist Pioneer Point Partners has struck a first close for its €500m-targeting debut institutional fundraise.

EQT buys Exeter Property Group for $1.9bn

The move is part of the firm's strategic growth ambitions within real estate and creates a scaled global real estate investment platform

EQT sells stake in Idealista to Oakley Capital four months after €1.3bn buyout

UK private equity house Oakley Capital has invested in EQT-backed online real estate classifieds platform Idealista.

Apollo’s Black to step down as CEO after review of Epstein ties

Independent probe finds Black wasn’t involved in disgraced financier’s criminal activities; Marc Rowan to take over top job by 31 July

Ex-Rothschild exec Scales boosts LDC team as latest investment director

Mid-market private equity investor LDC has strengthened its team with the hire of experienced corporate finance exec Will Scales as an investment director.

HR platform Personio hits $1.7bn valuation thanks to venture capital-backed investment round

A string of venture capital firms have helped HR software platform Personio hit a $1.7bn valuation by backing the company's latest funding round.

TUC calls for ethnicity pay gap reporting as pandemic impacts minority groups harder

One in 12 BAME workers are now unemployed, compared to one in 22 white workers

Leon Black to Step Down as Apollo's C.E.O. Over Payments to Jeffrey Epstein

An inquiry’s finding that Leon Black, the billionaire boss of Apollo Global Management, paid the convicted sex offender $158 million touched off an attempt to remove him.

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