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Month: August 2021

Pennybacker makes three promotions, names Beier principal and COO

Real Estate private equity firm Pennybacker Capital Management has made three promotions in recognition of their contribution. The post Pennybacker makes three promotions, names Beier principal and COO first appeared on AltAssets Private Equity News.

Gresham House seals £3.3m deal in backing business integration software Patchworks

Software focused Gresham House Ventures has made a £3.3m investment in e-commerce business automation software Patchworks to capitalise on the “continued growth of e-commerce”. The post Gresham House seals £3.3m deal in backing business integration

Apollo to buy Lumen’s ILEC business for $7.5bn, 5.5x adjusted EBITDA

Global buyout major Apollo has agreed to back part of the incumbent local exchange carrier business of Lumen Technologies for $7.5bn, including debt assumption of approximately $1.4bn. The deal valued the company at around 5.5x

MassPRIM has record-breaking year for annual returns  

The Massachusetts Pension Reserves Investment Management Board (MassPRIM) has broken its record for the highest fiscal year return.  The post MassPRIM has record-breaking year for annual returns   first appeared on AltAssets Private Equity News.

SVP boosts AUM to $17.5bn with $5bn fund V close, doubling the size of Fund IV

Strategic Value Partners has hit a final close on $5bn for Strategic Value Special Situations Fund V, well above its initial target of $4bn. The investment vehicle almost doubled the size of its predecessor Fund

Lakemore Partners adds to US team

Opalesque Industry Update - Lakemore Partners Ltd. and its group entities, a leading private credit investment firm primarily investing in control CLO equity, today announced it has named Dan Norman Managing Director and Head of

Atalaya exits investment in SAILS and Patterns

Opalesque Industry Update - Atalaya Capital Management LP, an alternative asset manager focused on private credit and special opportunities investments, has exited its investment in The SAILS Group, Inc., a provider of residential care homes

Bridges reaps 2.5x return on sale of Wholebake to Elysian

Elysian Capital has acquired UK-based healthy snacks producer Wholebake from Bridges Fund Management.

Thoma Bravo, JMI Equity back workspace booking software Condeco to capitalise on post-pandemic flexible working culture

Global buyout giant Thoma Bravo has partnered with JMI Equity to buy into workspace booking software Condeco. The post Thoma Bravo, JMI Equity back workspace booking software Condeco to capitalise on post-pandemic flexible working culture

Hard tech focused Root Ventures looks to raise $150m for third fund

San Francisco-based venture capital firm Root Ventures is looking to raise $150m for its third fund, AltAssets has learned. If reaching the target, the fund will double the size of its predecessor Fund II. The

PAI Partners enters into $3.3bn deal to buy into Tropicana, Naked juice

French private equity house PAI Partners has agreed to buy juice brands including Tropicana and Naked across North America from PepsiCo for $3.3bn.  The deal also includes an irrevocable option to sell buy certain juice

CVC to secure 10% La Liga stake for EUR 2.7bn

La Liga, the major football league in Spain, has agreed a 10% stake sale to private equity house CVC Capital Partners.

Podcast: In conversation with… Kerry Baldwin, IQ Capital & BVCA

Deep-tech investing expert, IQ Capital co-founder and current BVCA chair Kerry Baldwin sits down with Unquote editor Greg Gille for a wide-ranging discussion in this week's episode of the Unquote Private Equity Podcast.

PAI buys PepsiCo US juice brands for USD 3.3bn

PepsiCo has entered into agreements to sell Tropicana, Naked Juice and other select juice brands across North America to PAI Partners for USD 3.3bn.

SVPGlobal closes SVSS V at USD 5bn hard-cap

Strategic Value Partners (SVPGlobal) has held a final closing for Strategic Value Special Situations Fund V (SVSS V), a global debt fund, on its hard-cap of USD 5bn.

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