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Month: February 2021

Hiro Capital invests $15m in three gaming studios

Esports-focused venture capital firm Hiro Capital has invested €15m in video game studios Snowprint, Double Loop Games and Happy Volcano, based in Stockholm, San Fransisco and Leuven, Belgium, respectively.

Core Industrial Partners celebrates rapid virtual fundraise success with hard-cap-beating $465m Fund II close

Chicago private equity firm Core Industrial Partners has become the latest buyout house to hit fundraising success through an entirely virtual process, racing to a $465m one-and-done Fund II close in less than four months.

Partners Group buys Parmaco from Terra Firma-led group

Swiss PE firm Partners Group has acquired education building provider Parmaco from a consortium led by Terra Firma and Metric Capital.

P101 invests €6m in series-B for Bipi Mobility

Italian venture capital house P101 has invested €6m in a series-B financing round for Madrid-based car rental platform Bipi Mobility.

ND Group leads financing round for EGo Mobile

EGo Mobile majority shareholder ND Group has led a funding round totalling more than €30m for the Germany-based electric car manufacturer.

LVMH-linked PE firm to take majority stake in Birkenstock

Bernard Arnault family office and L Catterton buy into maker of chunky sandals

Resolute Capital Partners names EnergyFunders co-founder Minshew to new president of energy role

Private equity firm Resolute Capital Partners has brought in energy, finance and tech industry veteran Casey Minshew for its newly-created role of president of energy.

Capidea buys toy company Maki from Industri Udvikling

Danish private equity fund Capidea has agreed to acquire a majority stake in B2B toy distributor Maki alongside its management. 

HTGF, Neuhaus Partners sell stakes in Next Kraftwerke

High-Tech Gründerfonds (HTGF) and Neuhaus Partners have sold their stakes in virtual power plants operator Next Kraftwerke to Shell, which will wholly acquire the company.

Left Lane Capital leads €8.2m series A for Memmo.me

Memmo.me, a Swedish platform that allows users to request personalised video messages from celebrities, has raised €8.2m in a series-A funding round led by New York-based Left Lane Capital. 

Bessemer names longtime Amazon senior exec Blackburn as new partner amid $3.3bn double fund close

Early stage investment giant Bessemer Venture Partners has scored another huge flagship fundraise, hauling in $3.3bn across Fund XI and a new growth-stage vehicle.

Latour buys Omni-Pac from Motion Equity and Arkéa

Motion Equity Partners and Arkéa Capital have sold their stakes in French packaging specialist Omni-Pac Group to Latour Capital.

Carlyle sells Logoplaste stake to OTPP

Carlyle has sold its majority stake in Portugal-headquartered plastic packaging producer Logoplaste to Ontario Teachers’ Pension Plan (OTPP).

Soaring NYC startup scene, rising seed round sizes sees Primary Venture Partners up fundraising stakes with $200m of new capital

New York City startup scene-focused Primary Venture Partners has pulled in $200m of fresh capital through a pair of fundraises.

Emerging markets hedge fund assets extend record as expectations for global growth rise

Opalesque Industry Update - Emerging Markets (EM) hedge funds, led by funds investing in China, surged in 4Q to extend FY 2020 gains as EM hedge fund capital reached a new record, driven by gains

JMI Equity ups target for tenth flagship software-focused private equity fund

Software-focused private equity firm JMI Equity has upped its fundraising goal for its tenth flagship fund to $1.7bn.

Groupon billionaire Lefkofsky’s venture capital firm Lightbank doubles AUM through $180m Fund II close

Lightbank, the venture capital firm co-founded by Groupon billionaire Eric Lefkofsky, has doubled its assets under management through a $180m final close of its second fund.

France: strong deals pipeline fuels high average entry multiple

With a strong rebound in dealdoing after the Q2 2020 lockdown, the French PE market remains the busiest in Europe – and deal-hungry sponsors with deep pockets should ensure processes remain heated in the coming

Virgin wines prices IPO, set for £110m float

Virgin Wines, a UK-based online wine retailer backed by Mobeus Equity Partners and Connection Capital, has priced its upcoming AIM listing at 197 pence per share.

AT&T, loaded with debt from its DirecTV deal, sells part of its TV business to a private equity firm.

The spinoff, which will give TPG a minority stake, values the TV business at $16.25 billion — about a third of what AT&T paid just for DirecTV in 2015.

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