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Month: January 2023

Gemspring buys into 87-year-old Chicago Switchboard to back IER acquisition

Mid-market PE firm Gemspring Capital has made a strategic minority investment to support Chicago Switchboard’s acquisition of IER Electrical. The post Gemspring buys into 87-year-old Chicago Switchboard to back IER acquisition first appeared on AltAssets Private Equity

Waterland follows €4bn fundraises with investment in UK’s Markettiers4DC

European private equity house Waterland has followed last week's €4bn double fund close with a majority investment in UK-based strategic comms agency network Markettiers4DC. The post Waterland follows €4bn fundraises with investment in UK’s Markettiers4DC first

Presto Ventures targets EUR 100m for new early-stage fund

Czech investor Presto Ventures is taking a significant step up in its strategy with fundraising of a new venture capital vehicle targeting EUR 100m on the way, founder and Managing Partner Premysl Rubes told Unquote.

Ardian buys into booming customer experience services specialst Assist Digital, Progressio exits

European investment major Ardian has agreed to buy a roughly 60% in end-to-end customer experience services specialist Assist Digital. The post Ardian buys into booming customer experience services specialst Assist Digital, Progressio exits first appeared

SUSI Partners leverages steep energy price rise opportunity with Energy Efficiency and Transition Credit Fund

Sustainable energy-focused investor SUSI Partners has raised more than €130m towards its Energy Efficiency and Transition Credit Fund. The post SUSI Partners leverages steep energy price rise opportunity with Energy Efficiency and Transition Credit Fund

Vice, a Beleaguered Avatar of New Media, Hangs a ‘For Sale’ Sign

Vice, which has struggled to achieve profitability in recent years, has formed a special committee to find suitors.

Arcano holds EUR 450m final close for latest secondaries fund

Spain-headquartered Arcano Asset Management has held a final close for Arcano Secondaries Fund XIV (ASF XIV) on EUR 400m, surpassing its EUR 300m target.

Equistone to exit Bulgin to Infinite Electronics

Equistone has agreed to sell its majority stake in Bulgin, a UK manufacturer of environmentally sealed connectors and components, to Infinite Electronics, a Warburg Pincus-backed portfolio of in-stock connectivity solution brands.

Waterland raises EUR 4bn across buyout and minority strategies

Netherlands-based sponsor Waterland has closed the ninth iteration of its flagship fund on EUR 3.5bn, while also holding a close for its inaugural minority stake fund on EUR 500m.

Facebook billionaire Eduardo Saverin’s B Capital raises $2.1bn Fund III

B Capital, the investment firm of Facebook co-founder Eduardo Saverin, has raised $2.1bn to close its third venture growth fundraise. The post Facebook billionaire Eduardo Saverin’s B Capital raises $2.1bn Fund III first appeared on

Audax debt arm hits $3bn hard cap close for second direct lending fund

Audax Private Debt has hit a $3bn final close for its second direct lending solutions fund targeting mid-market private equity sponsors. The post Audax debt arm hits $3bn hard cap close for second direct lending

Merito Partners targets EUR 50m for debut growth equity fund

Latvian investment company Merito Partners is aiming for a hard-cap of EUR 50m for its debut growth equity fund, Managing Partner Mikus Janvars told Unquote.

Accel-KKR weighs strategic options for Kerridge Commercial Systems

Accel-KKR is assessing strategic options for Kerridge Commercial Systems, a UK-based enterprise resource planning (ERP) software provider, sources familiar with the situation said.

Cerberus, Bertram Capital pick up Houston Firefighters’ fund commitments

The $5bn-managing Houston Firefighters' Relief & Retirement Fund has picked a trio of Cerberus Capital and Bertram Capital fundraises for its latest alternatives commitments. The post Cerberus, Bertram Capital pick up Houston Firefighters’ fund commitments

European VC dealmaking remains strong despite slump from record 2021: PitchBook

European venture capital investment slumped from 2021's record highs last year as a combination of high inflation, rising interest rates, weak economic growth, and renewed geopolitical tension weighed heavily on the industry, new research from

Galdana Ventures eyes over €700m for final close of third fund of funds

Galdana Ventures, the venture capital arm of AltamarCAM Partners, is expecting to raise more than $700m at the final close of its new flagship fund later this year. The post Galdana Ventures eyes over €700m

Waterland roars to €4bn for double hard cap fund close after just four months in market

European private equity house Waterland has hauled in €4bn of new capital across its latest flagship fund and a specialist vehicle to reinvest in exited companies. The post Waterland roars to €4bn for double hard cap

Trio of new partners at Alpine Investors help firm ring in new year

Software-focused private equity house Alpine Investors has named a trio of new partners amid a string of new year promotions and hires. Dorothy Walter, Daniel Cohen and Jake Brodsky become partners at the San Francisco-based investor,

Vista scores part-exit of legal software specialist Zapproved to Leeds Equity portfolio business

Vista Equity Partners has agreed to sell a majority stake in Zapproved, an e-discovery software provider for corporate legal teams, to Leeds Equity Partners portfolio company Exterro. The post Vista scores part-exit of legal software

Deal Box launches $125m VC arm targeting Web3 startups

Deal Box, a capital markets advisory and secure token offering packaging platform, has launched a $125m venture capital arm targeting Web3 startups. The post Deal Box launches $125m VC arm targeting Web3 startups first appeared

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