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Month: July 2021

AMB :- Ascribe Capital merges with Birch Grove to form a new entity to manage hedge funds and private credit vehicles

Laxman Pai, Opalesque Asia: U.S. private equity firm American Securities&` credit business Ascribe Capital has merged with Birch Grove Capital (BGC), an alternative credit manager. The combined firm - AS Birch Grove ...Article Link

AMB :- Nordic Capital raises $1.4bn for first mid-market fund

Laxman Pai, Opalesque Asia: The private equity investor Nordic Capital has created a new fund for mid-sized companies worth €1.2 billion ($1.4bn), including GP commitment of 6.8%, in just three months. The Evolution F...Article Link

UBP to acquire Danske Bank's wealth management business

Opalesque Industry Update - Union Bancaire Privamp;eacute;e, UBP SA (UBP) and Danske Bank A/S have entered into an agreement whereby Union Bancaire Privamp;eacute;e (Europe) S.A. will acquire Danske Bank's wealth management business in Luxembourg, operating

UBP to acquire Danske Bank's wealth management business

Opalesque Industry Update - Union Bancaire Privamp;eacute;e, UBP SA (UBP) and Danske Bank A/S have entered into an agreement whereby Union Bancaire Privamp;eacute;e (Europe) S.A. will acquire Danske Bank's wealth management business in Luxembourg, operating

Canada Goose’s Image Is Challenged by Union Effort

Production of the company’s parkas was once fully unionized, but labor organizers say the owners have taken a harder line in recent years.

Talks on EU financial services equivalence deal have stalled, says UK Chancellor

Door left open for future deal but chancellor plays down prospects for immediate agreement

EQT Exits Aldevron at $9.6 Billion

EQT Private Equity has agreed to sell Aldevron, a producer of nucleic acids and proteins, to Danaher Corporation for $9.6 billion. EQT acquired a majority stake in Aldevron in July 2019 from TA Associates. Aldevron’s

Arcline Completes 2nd IPS Addition

Integrated Polymer Solutions (IPS), a portfolio company of Arcline Investment Management, has acquired Swift Textile Metalizing. Arcline acquired IPS from Industrial Growth Partners in July 2019. Swift Textile manufactures metalized fabrics that are used in

GHK Capital Acquires ITS Logistics

GHK Capital Partners has acquired third-party logistics company ITS Logistics from McNally Capital. ITS Logistics provides supply chain management, transportation, warehousing, and logistic services to small and large-scale businesses. The company, with 600 employees, had

Encore Gets New Managing Director

Encore Consumer Capital has promoted Kate Wallman to managing director. Ms. Wallman joined Encore in 2016 as a vice president and was promoted to director in 2019. Encore invests from $5 million to $40 million

Apollo to take stake in fintech investor Motive Partners

The move aimed at beefing up the private equity giant’s own technology

TPG is evaluating going public through IPO or Spac

US firm is one of the last of the original private equity giants to remain a partnership

Unigestion holds €611m final close for second Direct fund

Unigestion has held a final close on €611m for its Unigestion Direct II fund, surpassing its target of €600m.

Polaris sells ProData Consult to Axcel

Nordic private equity firm Polaris has agreed to sell portfolio company ProData Consult to Axcel.

Hedge fund launches increased in Q1 amidst inflationary pressures

Opalesque Industry Update - New hedge fund launches increased in the first quarter of 2021 to the highest level since 4Q17 as hedge funds posted strong performance to begin 2021 and inflationary pressures have begun

Capiton buys majority stake in Axxence Group

Capiton has acquired a majority stake in Germany-based natural aroma chemicals (NAC) producer Axxence Group in an MBO from the company's founder, Joost van Neck.

EQT to sell Fertin Pharma to Philip Morris

EQT has agreed to sell Danish nicotine gum maker Fertin Pharma to US tobacco giant Philip Morris International at an enterprise value of DKK 5.1bn (€686m). 

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