Private Equity Carve-Outs Ride Post-COVID Wave

Posted by Germaine Gurr and Arlene Arin Hahn, White & Case LLP, on Wednesday, September 1, 2021 Editor's Note: Germaine Gurr and Arlene Arin Hahn are partners at White & Case LLP. This post is

Montagu sells Servelec to PE-backed Access Group

Montagu Private Equity has sold its stake in UK-based healthcare and local authority software developer Servelec to The Access Group, an enterprise software development and consultancy company backed by Hg and TA Associates.

Palatine exits Verdant Leisure for 3.7x money

Palatine Private Equity has sold its stake in UK-based holiday park operator Verdant Leisure in a management buy-back supported by Pears Partnership Capital.

ZAS Ventures aims to raise USD 15m to invest in CEE startups

ZAS Ventures, a Ukraine-based venture capital firm, is raising a USD 15m fund to invest in eentral and eastern European startups that target the US market, founding partner Andriy Zinchuk told Unquote.

Euro-Asian private equity house AGIC Capital scores $1.2bn for Fund II final close

European-Asian private equity firm AGIC Capital has raised $1.2bn for its second fund targeting advanced industrial and medical technology investments. The post Euro-Asian private equity house AGIC Capital scores $1.2bn for Fund II final close

Lightspeed back with new China-focused fund pair, could collect $850m from LPs

Lightspeed Venture Partners is eyeing more than $800m of new capital raising across a pair of funds. The post Lightspeed back with new China-focused fund pair, could collect $850m from LPs first appeared on AltAssets

Robinhood seed backer Susa Ventures leverages success for heavily upsized double fundraise

Early-stage VC investor Susa Ventures has closed on $375m across a pair of new funds, dwarfing its previous double fund close. The post Robinhood seed backer Susa Ventures leverages success for heavily upsized double fundraise

Genstar Capital buys motorised vehicle parts specialist Arrowhead from Riverside, Investcorp

Genstar Capital has bought Arrowhead Engineered Products, a global provider of replacement parts for motorised vehicles and equipment. The post Genstar Capital buys motorised vehicle parts specialist Arrowhead from Riverside, Investcorp first appeared on AltAssets Private

Private Equity Firms All Want the Same Thing: U.K. Companies

Flush with capital, the funds have gone bargain hunting in Britain, snapping up everything from supermarkets to defense companies.

468 Spac I merges with Boxine

European Spacs are finding acquisition targets

Arbitrium builds board and risk focus with high profile appointment

Opalesque Industry Update - Australian debt and special opportunities investment specialist, Arbitrium Capital Partners (Arbitrium), has appointed renowned financial services professional Harvey Kalman to its board as a non-executive director and chairman of its credit

IMRF commits to Clearlake as firm reportedly eyes $10bn in rapid fundraising return

The $54.7bn-managing Illinois Municipal Retirement Fund has revealed another swathe of private equity fund commitments. The post IMRF commits to Clearlake as firm reportedly eyes $10bn in rapid fundraising return first appeared on AltAssets Private

CI Capital seals SavATree sale to Apax after tripling company’s revenue

CI Capital Partners has agreed to sell lawn and tree care services provider SavATree to Apax after tripling its revenue during the private equity firm's ownership. The post CI Capital seals SavATree sale to Apax

SunTx Capital ends more than 15-year NBIS ownership through sale

After more than 15 years in its portfolio, SunTx Capital Partners has sold NationsBuilders Insurance Services. The post SunTx Capital ends more than 15-year NBIS ownership through sale first appeared on AltAssets Private Equity News.

VC firm line up to help financial wellness platform Origin to $400m valuation

Financial wellness platform Origin has closed its Series B funding round on $56m, which has brought its valuation up to $400m. 01A, General Catalyst and Lachy Groom acted as the lead investors to the Series

Buyout backed Clearwater Analytics files for IPO, could valuation hit $4bn?

Clearwater Analytics, the investment management software business backed by a trio of private equity majors, has filed for an IPO which could value it at up to $4bn. The post Buyout backed Clearwater Analytics files

Capvis raises continuation fund for last three companies in 2008-vintage Fund III

European mid-market buyout house Capvis has raised a €230m continuation fund to buy up the remaining three portfolio businesses in its 2008-vintage Fund III. The post Capvis raises continuation fund for last three companies in

MiddleGround Capital breaks $1bn to close second flagship fund, debut mobility vehicle

B2B industrial and specialty distribution-focused investor MiddleGround Capital has raised more than $1bn to close its two newest funds. The post MiddleGround Capital breaks $1bn to close second flagship fund, debut mobility vehicle first appeared

Unquote Private Equity Podcast: Climb in pricing persists

With the publication of the Q2 2021 Clearwater International Multiples Heatmap, Unquote invited members of Clearwater’s executive team to speak in depth about the trends that the report identified in European private equity entry multiples.

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