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Month: October 2022

Veritas seals another quick deal post-$10.65bn fundraise by picking up Verisk energy arm

Tech and government investment specialist Veritas Capital has made another deal in the wake of its weighty $10.65bn Fund VIII close from earlier this month with the buyout of analytics provider Verisk's energy business. The post

GTCR names long-serving trio to managing director

Private equity major GTCR has named a trio of new managing directors amid a string of promotions. The post GTCR names long-serving trio to managing director first appeared on AltAssets Private Equity News.

Thoma Bravo, Sunstone agree $1.3bn buyout of facial, bodily reaction-based testing company UserTesting

Thoma Bravo and Sunstone Partners have teamed up to agree a $1.3bn buyout of video-based human testing and experience specialist UserTesting. The post Thoma Bravo, Sunstone agree $1.3bn buyout of facial, bodily reaction-based testing company

Rubicon buys CMD in carve-out from US-based trade

Rubicon Partners has acquired UK-based CMD Limited, a UK-based designer and manufacturer of workplace products, in a carve-out deal from IDEAL Industries.

After more than a decade of ownership, Nordic Capital agrees £2.25bn Binding Site sale to Thermo Fisher

A Nordic Capital-led investor group has agreed the £2.25bn sale of medical diagnostics business The Binding Site Group to Thermo Fisher Scientific. The post After more than a decade of ownership, Nordic Capital agrees £2.25bn

Abris Capital ‘confident’ about new fundraise in 2023

Abris Capital Partners, a Central Europe-focused mid-cap growth equity firm, is pitching itself as an ESG transformation specialist as it deploys the remaining dry powder from its third fund and gears up for a fundraise

Lightview Capital commits to customer acquisitions, retention tech specialist PlusMedia

Lightview Capital has bought into omnichannel performance marketing organization PlusMedia, which aims to help brands acquire and retain customers. The post Lightview Capital commits to customer acquisitions, retention tech specialist PlusMedia first appeared on AltAssets

17Capital gears up for Fund 6

NAV-based preferred equity and credit provider 17Capital has made several legal filings in Luxembourg relating to its next flagship fund, 17Capital Fund 6.

Blackstone agrees $14bn buyout of Emerson’s climate tech business

Blackstone has agreed a $14bn buyout of the climate technologies business of engineering and software major Emerson. The post Blackstone agrees $14bn buyout of Emerson’s climate tech business first appeared on AltAssets Private Equity News.

CVC discards Mehiläinen exit options, focuses on growth

CVC was considering exit options for Mehiläinen earlier in 2022 but has decided to hold onto the Finnish healthcare group for another few years, according to three sources familiar with the situation.

Capvis invests in IT consultancy AdEx Partners

Capvis has agreed to invest in privately-owned Hamburg-based AdEx Partners, an IT strategy and digital services consultancy.

Paragon sells Inprotec to industrials group

German GP Paragon Partners has agreed to sell its investment in Inprotec, a German chemicals contract manufacturer, to Luxembourg-based International Chemical Investors Group.

Nuveen buys Arcmont, forming Nuveen Private Capital

US-based Nuveen, the investment manager of pension fund TIAA, has acquired Arcmont Asset Management, one of the few independently owned private debt investors in Europe.

Lee Equity Partners buys majority stake in Bradford Health Services

Lee Equity Partners, a growth oriented middle market private equity firm, has acquired a majority stake in Bradford Health Services. The size of the deal was not disclosed, but  Lee Equity has bought the shares

BGF reaps 9.6x money, 85% IRR on St Pierre trade sale

BGF has sold Manchester-headquartered bakery operator St Pierre Groupe to Grupo Bimbo, a bakery and snacking company headquartered in Mexico City.

Nuveen takes controlling stake in Arcmont to form new credit division

Nuveen, the investment manager of TIAA, has acquired a controlling stake in Arcmont Asset Management, a European private debt investor with $21bn in committed capital. The post Nuveen takes controlling stake in Arcmont to form

GP Profile: Equistone banks on experience to ride through the next cycle

European mid-market sponsor Equistone is banking on the multi-cycle experience of its team to carry the firm and its portfolio through the next storm as it looks towards future fundraising and portfolio development, UK-based partner

Arizona Public Safety Personnel Retirement System backs Oberland Capital

Arizona Public Safety Personnel Retirement System has reportedly invested into Oberland Capital Healthcare III. The post Arizona Public Safety Personnel Retirement System backs Oberland Capital first appeared on AltAssets Private Equity News.

Ares Management is seeking over $45bn for next batch of funds – report

Ares Management is reportedly seeking to raise more than $45bn for its latest batch of funds. The post Ares Management is seeking over $45bn for next batch of funds – report first appeared on AltAssets

RidgeLake Partners, Bonaccord buy minority stake in Shamrock Capital

RidgeLake Partners and Bonaccord Capital Partners have acquired a passive minority equity interest in Shamrock Capital, an investor in media, entertainment and communications. The post RidgeLake Partners, Bonaccord buy minority stake in Shamrock Capital first

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