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Month: February 2021

IBM Continues Spree with Buy of Taos from Bunker Hill

Bunker Hill Capital has sold Taos Mountain, an IT managed services provider, to IBM. San Jose-based Taos provides multi-cloud cloud consulting and managed services to North America-based companies that are active in the technology, financial

Bertram Sells Flow Control Group to KKR

KKR has agreed to acquire Flow Control Group (FCG) from Bertram Capital. FCG is a distributor of flow control and industrial automation products, FCG’s products include pumps, filtration, air compression, dehydration and purification equipment; instrumentation

The Tide is High, But We’re Holding On

After being buffeted by two COVID-19 shocked quarters in the middle of 2020, middle-market M&A managed to ride the wave in the fourth quarter, closing with a burst of productive activity, according to GF Data’s

Novacap Closes its Largest Fund

Novacap has closed Novacap TMT VI LP (Nova VI) with just over $1.8 billion of capital. The new fund is the largest ever raised by Novacap. Nova VI was significantly oversubscribed and beat its target

Advent Life Sciences closes two new funds at $215m

Funds aim to turn early-stage research into medicines for patients

SVP's Klöckner Pentaplast completes €1.9bn refinancing

Klöckner Pentaplast, a portfolio company of Strategic Value Partners, has completed a €1.9bn refinancing.

IK, Luxempart invest in Eurazeo's IM Global Partner

Eurazeo has sold part of its stake in IM Global Partner (IMGP), a Paris-based global network dedicated to asset management, to IK Investment Partners and Luxempart.

US lawmakers roll out bill that aims to close carried-interest loophole

Supporters of loophole say ending it would discourage investment

Video: “A day in the life” of Beringea CIO Karen McCormick

Beringea chief investment officer Karen McCormick shares her experience of a typical day working from home, and her outlook for venture and growth capital trends in 2021, with Unquote editor Greg Gille

Moore Strategic Ventures, Rovida et al. in $120m round for Blockchain.com

Cryptocurrency wallet and exchange company Blockchain.com has raised $120m in funding from Moore Strategic Ventures, Kyle Bass, Access Industries, Rovida Advisors, Lightspeed Venture Partners, GV, Lakestar and Eldridge.

IK sells sink producer Schock to Triton

IK Investment Partners is to sell kitchen sink maker Schock in an SBO to Triton.

Canadian, Asian alternatives fundraises among $390m of new LACERA commitments

The $65bn-managing LA County Employees Retirement Association has revealed $390m of new private equity and venture capital funds.

Advent Life Sciences raises $215m across two new funds

Advent Life Sciences has closed two new funds – Advent Life Sciences Fund III and Advent-Harrington Impact Fund – raising total capital of $215m.

Where there’s muck there’s brass: investors eye the circular economy

Rising environmental challenges are driving companies big and small to break away from a reliance on finite resources and to seek other solutions

PSG's Mapal bolts on GetCompliant

PSG-backed Mapal, a Spanish developer of management software for the hospitality and retail sectors, has acquired Swedish compliance software provider GetCompliant.

VC-backed Apcintex acquired by Centessa

IP Group-backed biotechnology company Apcintex has been acquired by Centessa Pharmaceuticals, a newly formed Massachusetts-based pharmaceuticals company.

New challenger emerges in PE battle for KPMG UK restructuring arm

A new challenger has emerged in the private equity tussle for KPMG's UK restructuring services division as Epiris reportedly prepares to enter the fray.

Bestport invests in Playful Promises

Bestport has invested in lingerie and swimwear business Playful Promises.

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