UBP to acquire Danske Bank's wealth management business

Opalesque Industry Update - Union Bancaire Privamp;eacute;e, UBP SA (UBP) and Danske Bank A/S have entered into an agreement whereby Union Bancaire Privamp;eacute;e (Europe) S.A. will acquire Danske Bank's wealth management business in Luxembourg, operating

UBP to acquire Danske Bank's wealth management business

Opalesque Industry Update - Union Bancaire Privamp;eacute;e, UBP SA (UBP) and Danske Bank A/S have entered into an agreement whereby Union Bancaire Privamp;eacute;e (Europe) S.A. will acquire Danske Bank's wealth management business in Luxembourg, operating

Talks on EU financial services equivalence deal have stalled, says UK Chancellor

Door left open for future deal but chancellor plays down prospects for immediate agreement

EQT Exits Aldevron at $9.6 Billion

EQT Private Equity has agreed to sell Aldevron, a producer of nucleic acids and proteins, to Danaher Corporation for $9.6 billion. EQT acquired a majority stake in Aldevron in July 2019 from TA Associates. Aldevron’s

Arcline Completes 2nd IPS Addition

Integrated Polymer Solutions (IPS), a portfolio company of Arcline Investment Management, has acquired Swift Textile Metalizing. Arcline acquired IPS from Industrial Growth Partners in July 2019. Swift Textile manufactures metalized fabrics that are used in

GHK Capital Acquires ITS Logistics

GHK Capital Partners has acquired third-party logistics company ITS Logistics from McNally Capital. ITS Logistics provides supply chain management, transportation, warehousing, and logistic services to small and large-scale businesses. The company, with 600 employees, had

EQT to exit Fertin Pharma to Philip Morris International for DKK5.1bn EV after growing EBITDA by almost 50%

European private equity major EQT Private Equity has agreed to sell Fertin Pharma to Philip Morris International for an enterprise value of DKK5.1bn (€685.9m) after growing its EBITDA by almost 50%. The post EQT to

Vauban lauds infra fundamentals amid Covid-19, seals €2.5bn Fund III close

Vauban Infrastructure Partners has hit a €2.5bn hard cap close for its third core infrastructure fund, saying the sector's fundamentals remain strong despite the Covid-19 crisis. The post Vauban lauds infra fundamentals amid Covid-19, seals

Polaris to sell ProData Consult to Axcel after doubling revenue, tripling EBITDA growth

Scandinavia-based Polaris has agreed to sell ProData Consult to fellow private equity firm Axcel after doubling its revenue and tripling its EBITDA through the three-year investment period, AltAssets can reveal. The post Polaris to sell

HarbourVest continues 2021 international expansion with German office launch

The $76bn-managing investment house HarbourVest Partners has launched its second international expansion of the year with the opening of a Frankfurt office. The new German base, which follows the launch of its Singapore office in

Private equity giant TPG said to mull joining fellow heavyweights in public listing

Private equity giant TPG is reportedly considering a public listing which could value the buyout house at about $10bn. The post Private equity giant TPG said to mull joining fellow heavyweights in public listing first

Obama campaign treasurer Nesbitt’s PE firm Vistria raises $2.68bn Fund IV, just a year after Fund III close

Vistria Group has sealed a powerful return to fundraising by striking a $2.68bn hard cap final close for its fourth flagship fund, just 18 months after closing its predecessor vehicle. The post Obama campaign treasurer

MML Capital continues 2021 fundraising success, beats Fund VII hard cap to reach €670m close

MML Capital has burst through the hard cap for its seventh flagship fundraise to reach a €670m final close, sealing its biggest investment vehicle yet. The post MML Capital continues 2021 fundraising success, beats Fund

Network Thermostat Selected as a PCA Awarded Contractor

NetX joins the ranks of select vendors granted the esteemed Purchasing Cooperative of America contract in 2021(PRWeb July 01, 2021)Read the full story at https://www.prweb.com/releases/network_thermostat_selected_as_a_pca_awarded_contractor/prweb18044125.htm

Livingbridge buys majority stake in VC-backed Semafone

Livingbridge has acquired a majority stake in Semafone, a UK-based data security and compliance software developer backed by VCs including Octopus Ventures and BGF.

China, SE Asia-focused ZWC Partners closes second US dollar fund on $774m

Chinese venture capital investor ZWC Partners has pulled in more than RMB5bn ($774m) to close its second US-dollar denominated fund. The post China, SE Asia-focused ZWC Partners closes second US dollar fund on $774m first

EMPEA rebrands as the Global Private Capital Association

Opalesque Industry Update - EMPEA, the global industry association for private capital investment in Asia, Latin America, Africa, Central Eastern Europe (CEE) and the Middle East, today announced it is now the Global Private Capital

Accel raises more than $3bn across trio of new VC, growth funds

Global venture capital major Accel has closed more than $3bn of new capital across a trio of fundraises. The post Accel raises more than $3bn across trio of new VC, growth funds first appeared on

Five Arrows invests £120m in Causeway Technologies

Five Arrows Principal Investments has made a £120m investment in UK-based construction software developer Causeway Technologies, taking a minority stake in the company.

Eight Roads launches $400m China healthcare investment fund

Former Fidelity Investments arm Eight Roads has launched a $400m China-focused healthcare fund. The post Eight Roads launches $400m China healthcare investment fund first appeared on AltAssets Private Equity News.

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