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Month: August 2021

AMB :- Neuberger Berman okays Bitcoin and Ethereum exposure

Laxman Pai, Opalesque Asia: A commodity-focused fund managed by Neuberger Berman, a multi-billion-dollar asset manager, has opened the door to exposure to Bitcoin and Ethereum derivatives and investment vehicles through ...Article Link

New Heritage Capital buys into marine oils importer Icelandirect eyeing its ability to source hard-to-find ingredients

Boston-based private equity house New Heritage Capital has bought into marine oils importer Icelandirect eyeing its ability to source hard-to-find ingredients. The post New Heritage Capital buys into marine oils importer Icelandirect eyeing its ability

Mubadala forms investment partnership with BlackRock, co-leads series D funding round for $1.1bn People.ai

A consortium led by BlackRock is said to have invested in assets managed by Abu Dhabi state fund Mubadala and in a private equity fund. The post Mubadala forms investment partnership with BlackRock, co-leads series

Legal advisor Latham adds fund formation veteran Javad Mostofizadeh to private equity practices

Latham & Watkins has hired Javad Mostofizadeh as partner in the corporate department. Mostofizadeh will also be a member of the firm’s investment funds and private equity practices. The post Legal advisor Latham adds fund

L Catterton to back DIY hair extension maker Beauty Industry Group to tap into the underserved sector

Consumer-focused buyout major L Catterton has agreed to back DIY hair extension product maker Beauty Industry Group to tap into the underserved sector in hair care. The post L Catterton to back DIY hair extension

IK to exit $1bn revenue corporate IT and cloud services provider Visolit to Advania

IK Investment Partners has agreed to exit corporate IT and cloud services provider Visolit to Advania for a merger after five years of investment. The post IK to exit $1bn revenue corporate IT and cloud

Ares fires COO/CFO for alleged inappropriate behaviour

The dismissal is expected to cost the former firm partner at least $50 million in future compensation

The four trends that drive private market investments to 2030 – COVID-19, ESG, AI and Brexit

With the private market off to a turbulent start in 2020, Swiss banking group REYL has highlighted COVID-19, ESG, AI and Brexit as the four investment trends in private markets to 2030 in its latest

Baring PE Asia to acquire Hinduja’s healthcare services arm for $1.2bn, seventh deal in healthcare

Baring Private Equity Asia has agreed to acquire the healthcare services arm of India’s Hinduja Global Solutions for $1.2bn. The post Baring PE Asia to acquire Hinduja’s healthcare services arm for $1.2bn, seventh deal in

Cairngorm Capital closes Fund III on £200m hard cap, almost 2x Fund II size

Cairngorm Capital has closed its third fund on £200m hard cap, almost doubled its £107.5m predecessor fund. The post Cairngorm Capital closes Fund III on £200m hard cap, almost 2x Fund II size first appeared

Cairngorm raises GBP 200m for fund III

UK-based sponsor Cairngorm Capital Partners has closed it third fund on its hard-cap of GBPP 200m.

General Atlantic co-leads new funding round in $16.5bn Turkish e-commerce platform Trendyol, eyeing international expansion

Growth investment major General Atlantic has agreed to co-lead a $1.5bn funding round for Turkish e-commerce platform Trendyol, leading its valuation to $16.5bn. The post General Atlantic co-leads new funding round in $16.5bn Turkish e-commerce

IK exits Visolit in trade sale

IK Investment Partners has sold Norwegian IT services and outsourcing business Visolit to full-service IT provider Advania.

Synova's Mintec buys Kairos

Mintec, a provider of pricing data and analytics for food, agricultural and manufacturing commodities backed by Synova, has acquired Denmark-based Kairos Commodities.

Karma Ventures gears up for second fund

Karma Ventures, an Estonian venture capital firm, has filed registration documents for its second fund.

Real Madrid seeks legal action against LaLiga/CVC deal

In a general meeting held on 10 August, the board of directors of football club Real Madrid agreed to initiate legal action to try and block the deal inked by CVC for a minority stake

Two LGFVs roll out dollar bonds

Two Chinese local government financing vehicles raised less than $100m each from the dollar bond market on Tuesday, in what is shaping up to be a relatively quiet week for debt issuance in Asia.

UK gov’t’s crackdown on local authority borrowing improves credit, says Moody’s

Moody’s has welcomed the UK government’s announcement of measures to strengthen local authority finances by limiting the sector’s capacity for commercial activity, particularly purchases of commercial property.

Investor offloads Auto1 stock after record Q2 results

An undisclosed pre-IPO shareholder in Auto1 Group has sold €73m of shares after the German online car marketplace reported record quarterly earnings on Monday.

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