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Month: July 2022

Motive raises USD 2.54bn across Fund 2 and co-investment vehicles

US-headquartered technology-enabled financial and business services investor Motive Partners has raised USD 2.54bn via a final close for Motive Capital Fund 2 and its affiliated co-investment vehicles.

Cinven holds EUR 1.5bn final close for financial services fund

Cinven has held a EUR 1.5bn final close for its Strategic Financials Fund (SFF), marking the GP’s debut vehicle in a strategy that will focuses exclusively on financial services investments.

Mubadala leads equity raise in Wefox's USD 400m Series D

Berlin-based insurtech platform Wefox has reached a USD 4.5bn valuation in a Series D round backed by existing investors, with sovereign wealth fund Mubadala leading the equity raise.

BC Partners looking at $4bn deal to divest IT company Presidio – report

BC Partners is looking to exit IT Presidio at more than $4bn, including debt, Reuters reported quoting two people familiar with the matter. The post BC Partners looking at $4bn deal to divest IT company

August Equity to target GBP 400m in fundraise for upcoming sixth fund

UK-focused sponsor August Equity will look to raise its sixth fund towards the end of the year with a target of around GBP 400m, a source familiar with the situation told Unquote.

Partners Group hires ZF’s Scheider as head of private equity

Partners Group has appointed Wolf-Henning Scheider, the departing CEO of auto supplier ZF, as partner and head of its private equity department.

Scale Capital eyes EUR 70m-100m for new VC fund by year-end

Danish VC firm Scale Capital is on the market fundraising for its third fund targeting at least EUR 70m by the end of the year, managing partner Lars Jensen said.

Hg to launch sale of business messaging group Commify

Hg has appointed Moelis to sell Commify, a UK-based business communications services group, three sources familiar with the situation said.

Siparex holds EUR 450m final close for ETI 5

France-headquartered GP Siparex has held a EUR 450m final close for ETI 5, its latest fund dedicated to medium-sized companies.

Mobeus reaps 4.4x money, 64% IRR on Access Partnership MBO to Mayfair

Mobeus Equity Partners has exited Access Partnership, a provider of technology advisory in the fields of regulation and public policy, in a management buyout backed by Mayfair Equity.

Equistone weighs auction for United Initiators

Equistone is weighing a sale of specialty chemicals supplier United Initiators, three sources familiar with the matter said.

Erhvervsinvest gears up for Fund V final close in 9-12 months

Danish small-to-mid cap investor Erhvervsinvest is aiming for a final close of its fifth private equity fund in the next nine to 12 months, Managing Partner Thomas Marstrand said.

Novum places MMC Studios in continuation fund

Novum Capital has put MMC Studios, a German film and television production company, into a continuation fund after initially exploring a sale, according to two sources familiar with the situation.

Eurazeo reaps 3.7x money on Orolia exit to trade

Eurazeo has closed the sale of its majority stake in Orolia to aircraft parts manufacturer Safran in a deal that generated cash proceeds of EUR 189m.

CapMan exits Fortaco, buys Netox

Finnish private equity firm CapMan Buyout has exited local industrial group Fortaco to One Equity Partners while also acquiring cybersecurity group Netox.

Unquote British Private Equity Awards 2022: one more week to enter

Submit your entry for the 2022 Unquote British Private Equity Awards before 15 July 2022 at 5pm

Perwyn hires CFO from Silverfleet Capital

Perwyn, a UK-based family-backed private and growth equity investor, has appointed James Gavey as its new CFO.

Superangel targets up to EUR 50m hard cap for second fund

Estonian venture capital firm Superangel is aiming for a hard cap of up to EUR 50m for its second fund following its announcement last month, general partner Marko Oolo told Unquote.

Apax heads for second small-cap fund with EUR 350m target

Paris-based sponsor Apax Partners is getting ready to launch its second small-cap private equity fund due to hit the market for fundraising before the end of the year.

Mayfair exits Talon in SBO to Equistone

Consumer and technology investor Mayfair Equity Partners has agreed to fully exit portfolio company Talon Outdoor to Equistone; the company’s management will retain a meaningful stake.

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