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Category: Coronavirus

Storyblocks gets Great Hill backing amid coronavirus-based demand surge

Private equity house Great Hill Partners has agreed to buy subscription-based stock media company Storyblocks.

Private equity dealmaking slump continues as coronavirus pushes figures to new 12-month low

Private equity dealmaking volume has continued its slump as the coronavirus pandemic weighs heavily on activity, with figures falling to a new 12-month low, data from Moody's subsidiary BvD shows.

Alternative assets managers expect sweeping work from home policy changes following Covid-19 lockdown

The alternative assets industry is set for a swathe of staff continuing to work from home after the coronavirus lockdown ends, a new survey of managers within the industry reveals.

Apollo-backed Chuck E Cheese parent company files for bankruptcy due to coronavirus shutdown

Apollo Global-backed CEC Entertainment, the parent company of novelty restaurant chain Chuck E Cheese, has filed for bankruptcy protection in the wake of the coronavirus crippling its operations.

BNP Paribas seals timely €570m-plus fund close to help European SMEs through coronavirus crisis

BNP Paribas Asset Management has raised more than €570m for the final close of its second Euro SME Debt Fund, following its first fund completing its investment period earlier this year.

AI logistics, supply chain management startup 7bridges gets Crane Venture Partners backing

7bridges, an AI-powered automation engine for businesses logistics and supply chains, has launched with a $3.4m seed round led by Crane Venture Partners and LocalGlobe.

Shamrock reinvests in AI sports production business Pixellot as leagues begin to return from Covid-19 suspension

AI-automated sports production business Pixellot has picked up a $16m investment round led by current backed Shamrock Capital Advisors.

KKR close to raising Asia’s biggest-ever private equity fund after reaching $10bn mark – report

KKR has hauled in more than $10bn for its fourth pan-Asian private equity fund, putting it within a whisker of becoming the biggest-ever PE vehicle raised targeting the region.

Tenzing shrugs off Covid-19 to race to $400m Fund II close, believed to be first entirely virtual buyout fundraise

UK-based private equity house Tenzing has raced to a £400m final close for its sophomore fund in what is believed to be the first buyout fund raised entirely virtually.

Virgin Australia bondholders look to stamp out private equity takeover with debt-for-equity offer

Bondholders of struggling airline Virgin Australia have made a last-ditch bid to keep the company out of the hands of private equity firms bidding for the beleaguered business.

Event management software company Aventri confident of post-Covid-19 rebound, gets new HGGC, Level Equity investment

Event management software business Aventri has closed a strategic growth equity round with current private equity investors HGGC and Level Equity.

European private equity slumps to worst half-year since global financial crash amid coronavirus volatility

The Covid-19 pandemic has pushed European private equity deal volume in the first half of 2020 to its lowest level since the global financial crisis, despite a strong initial start to the year, new research

Coronavirus user surge helps Canva strike $6bn valuation through latest VC investment round

Australian design software company Canva has surged to a $6bn valuation thanks to its latest venture capital-backed investment round.

“Never waste a good crisis” – how successful portfolio companies have adapted to the coronavirus pandemic

The coronavirus crisis has raged across the globe for months now - but some businesses were far quicker to adapt to the growing disaster than others. Private debt investment specialist CVI explains how some of

Ares continues powerful fundraising amid coronavirus with $3.5bn special opportunities fund close

Ares Management has surged past its target to reach a $3.5bn final close for a new special opportunities fund.

Private equity professionals brace for fund term extensions amid coronavirus fallout

Private equity professionals are bracing themselves for a swathe of term extensions for existing funds amid the fallout from the ongoing coronavirus crisis, new research shows.

Private equity firms still seeking deals despite fears on market caused by the coronavirus

Despite the market expected to see declines in revenue following the impact of the coronavirus, investors are still seeking new deal opportunities, a report from Mazars claims.

Bain Capital said to trump CVC bid for stake in Italy’s top football league, could value it at €12bn

Bain Capital is reportedly attempting to trump CVC Capital's buyout of a stake in Italian top-flight football league, Serie A, which could value it at about €12bn.

Swedish institutions to target coronavirus-hit businesses with new SEK3.5bn investment company

Swedish pension fund AMF, bank SEB and foundation-backed asset manager FAM have launched an SEK3.5bn investment company to back Swedish businesses struggling to make it through the coronavirus crisis.

Water Street, JLL team up again to buy Swiss biotech, medtech contract research, development business Solvias

Swiss contract research, development and manufacturing specialist Solvias has been bought by JLL Partners and Water Street Partners.

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