Eka Ventures closes early-stage impact fund on GBP 68m

Newly established Eka Ventures has held a final close on GBP 68m for its inaugural early-stage impact fund focused on the UK.

Pitalia launches with GBP 50m fund, hires Davies as head

Newly launched private equity house Pitalia Capital will deploy a GBP 50m fund to back small to medium-sized businesses across the UK.

Morrisons rival bidders may have little room to improve on Fortress bid

Bidders for UK-based grocer WM Morrison could find it difficult to justify a much higher offer than the 254 pence per share offer tabled by Softbank subsidiary Fortress, two sources familiar with the situation said.

Should politicians interfere in IPOs?

Having a vague power to block listings on national security grounds won’t instil faith in the UK’s markets

UK buyout activity cools off in second quarter

While buyout activity fell more sharply in the UK compared to other European markets in Q2, dealflow remained very strong by historical standards, Unquote Data shows.

PE spots bargains in UK supermarket aisles

A bidding war is brewing for Britain’s fourth-largest food retailer WM Morrison

SoftBank backs facial-recognition startup

SoftBank Group is leading an investment in AnyVision Interactive Technologies that values the facial-recognition company at over $1bn

Morrisons bid sparks M&A trolley dash

With private equity-backed mergers and acquisitions hitting record levels in Europe, bankers have their tails up as they jostle for the most lucrative fee opportunities, writes David Rothnie.

Inside the IPO: How Segezha listing withstood US-Russia tensions

Russian IPOs have long been beset by the political turmoil that surrounds their country’s relationship with the US. Many a deal has been sunk by US-Russia tension, particularly when sanctions are imposed by the former.

Shoukai returns to dollar bonds

Property developer Beijing Capital Development Holding (Group) Co, which is also known as Shoukai Group, was back in the dollar bond market on Thursday after a nearly five year hiatus.

Indian SOEs fire up dollar loans as capex comes back into focus

Indian state-owned companies have returned in force to the loan market, raising funds for their planned capital expenditure as Covid-19 cases slow in the country. But the aggressive pricing offered by local banks means foreign

ECB strategy review takes light touch approach with symmetric inflation target

The European Central Bank announced the results of its strategic policy review on Thursday, some two months ahead of schedule. The changes to its monetary policy were reminiscent of a watered down version of those

Food delivery start-up Zomato readies $1.3bn India IPO

Indian unicorn Zomato, a food delivery service, has set the final terms for its up to Rp98.9bn ($1.32bn) IPO.

Direct listings offer IPO alternative following Wise success

Shares in Wise, the UK fintech group, had traded up more than 18% by Thursday compared to the price at which it completed the first ever direct listing by a technology unicorn on the London

Morrison bid sparks M&A trolley dash

With private equity-backed mergers and acquisitions hitting record levels in Europe, bankers have their tails up as they jostle for the most lucrative fee opportunities, writes David Rothnie.

Graphite Capital to exit U-POL for a second time at 4.5x return

UK buyout house Graphite Capital has scored a 4.5x return in its second successful sale of car refinishing product manufacturer U-POL. The post Graphite Capital to exit U-POL for a second time at 4.5x return first

Shamrock Capital follows last month’s $1bn fundraise by closing debut debt vehicle

Shamrock Capital has followed last month's $1bn raise for a new buyout and growth vehicle with the final close of its debut debt opportunities fund. The post Shamrock Capital follows last month’s $1bn fundraise by

Dyal buys into Phoenix Suns at $1.55bn valuation as team begins first NBA finals since 1993

Dyal Capital Partners has agreed to buy a 5% stake in the Phoenix Suns NBA team to value it at $1.55bn. The post Dyal buys into Phoenix Suns at $1.55bn valuation as team begins first

Acon Investments seals two deals in a day, including Conexão exit after five-fold growth in three years

Washington DC-based private equity house Acon Investments has revealed its exit of Conexão Group and buyout of Formación Alcalá on the same day. The post Acon Investments seals two deals in a day, including Conexão

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