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Category: Coronavirus

Private equity fundraising accelerates away from Covid woes, sets up likely record year: PitchBook

Private equity fundraising continued to accelerate in Q2 to set the stage for what will likely be a record year, new research from PitchBook shows. The post Private equity fundraising accelerates away from Covid woes,

Birkenstock sold in €4bn L Catterton-backed deal after record results in 250-year history

Iconic sandalmaker Birkenstock has sold a majority stake in itself to consumer-focused private equity firm L Catterton in a €4bn deal amid the company reporting a record year despite the Covid-19 crisis.

Plume hits $1.35bn valuation through Insight-led investment amid lockdown demand for better broadband, smart home connectivity

Smart home wifi platform developer Plume has hit a $1.35bn valuation through an Insight Partners-led investment round fuelled by an "explosion" in the segment.

Apollo banks on continued Covid volatility with $2.34bn close of latest dislocated credit fund

Apollo Global Management has raised more than $2.3bn for the final close of its latest Accord fund targeting dislocated credit deals.

Hollywood, Netflix VFX provider Outpost scores multimillion-pound YFM Equity Partners backing

Hollywood, Netflix and Amazon visual effects provider Outpost VFX has sealed a multi-million pound investment from YFM Equity Partners.

Sanitiser, disinfectant chemical specialist Lonza SI bought by Cinven, Bain Capital in $4.7bn deal

Private equity majors Cinven and Bain Capital have agreed to buy microbial control chemical specialist Lonza Specialty Ingredients in a CHF4.2bn ($4.7bn) deal.

Andera Partners agrees exit of e-learning provider Skill & You to IK after big sales year amid 2020 lockdowns

Andera Partners has agreed the sale of e-learning business Skill & You to fellow private equity house IK Investment Partners.

European private equity shrugs off Covid-19 as 2020 ends up among best dealmaking, fundraising years of last decade

European private equity shrugged off the pressures of Covid-19 to score among its best dealmaking and fundraising years of the past decade in 2020, new research shows.

PE-backed Moonpig follows Covid-lockdown profit boom with up to £1.2bn London IPO

Exponent Private Equity is set for a powerful IPO of UK greetings card business Moonpig amid the company emerging as one of the big winners of the ongoing coronavirus lockdown.

Pemberton pulls in $2.2bn for European private debt strategy, eyes up to $5bn – report

European private credit manager Pemberton has reportedly pulled in more than $2.2bn for its mid-market core lending strategy through a first close.

Covid crisis supercharged VC digital health investing to record $14.8bn last year

Global venture capital funding in digital health companies surged to $14.8bn last year as the coronavirus pandemic supercharged investment into the sector.

K-shaped Covid recovery leaves opportunity for new $2.5bn Marathon Asset Management distressed credit fund

Credit specialist Marathon Asset Management has raised about $2.5bn to close its oversubscribed debut distressed credit fund.

Sixth Street soars to €1bn hard cap for new European debt fund amid Covid-19 opportunity

Former TPG credit arm Sixth Street has struck a €1bn hard cap final close for its second fund targeting European direct lending deals.

Private equity dealmaking surge planned for 2021 as firms look to shake off Covid-19 woes

Private equity houses are gearing up for a surge in dealmaking in 2021 as they look to get back to deploying capital in the wake of the coronavirus shock of this year, new research shows.

Private equity fundraising will hit record $330bn next year, PitchBook predicts

Private equity fundraising will bounce back from its coronavirus-induced wobble to hit an all-time high of more than $330bn in 2021, data specialist PitchBook is predicting.

BNP Paribas AM eyes up to €1bn for two infra debt funds amid sector’s Covid-19 resilience

BNP Paribas Asset Management is targeting up to €1bn of new investment capital through the launch of two infrastructure debt fundraises.

Monarch Alternative Capital targets ‘vast Covid-19 distressed opportunity’ with new $3bn fund close

Distressed and opportunistic investment specialist Monarch Alternative Capital has scored a roughly $3bn close for its oversubscribed fifth fundraise.

Female founders, CEOs seeing disproportionate VC funding hit from Covid-19 pandemic

Female founders and CEOs have disproportionately suffered from the VC funding drop in the wake of the Covid-19 pandemic, new research shows.

Arena Investors surges past Covid opportunities fund target to reach $519m final close

Arena Investors has surged past its target for a new special opportunities fund looking to reap returns from Covid-dislocated markets, hauling in $519m for a final close.

JP Morgan credit subsidiary Highbridge Capital adds $2bn of investing power through Covid-inspired fund

JP Morgan investment subsidiary Highbridge Capital Management has another $2bn-plus of investable capital to hand thanks to the final close of its Convertible Dislocation Fund.

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