Blackstone, CVC set for $9bn Paysafe sale to SPAC, three years after £3bn buyout

Blackstone and CVC Partners are set to roughly triple their money after announcing the $9bn sale of payments company Paysafe to Foley Trasimene Acquisition Corp II.

CANDRIAM and New York Life Investments Alternatives take a minority stake in Kartesia Management SA

Opalesque Industry Update - CANDRIAM, and its sister affiliate New York Life Investments Alternatives, announced today a strategic partnership with Kartesia Management SA, a European specialist provider of private capital solutions for small and mid-sized

Paine Schwartz seals FoodChain ID sale to Berkshire Partners after tripling size of business

Food chain investor Paine Schwartz Partners has sold FoodChain ID to fellow private equity firm Berkshire Partners after four years in its portfolio.

US Department of Defense software provider CodeMettle gets JF Lehman & Co buyout

Private equity house JF Lehman & Co has agreed a management buyout of communications network custom software provider CodeMettle.

Q3 Barometer: Green shoots emerge

Buyout activity rebounded in the third quarter as lockdown restrictions eased across Europe, according to the latest Unquote Private Equity Barometer, produced in association with Aberdeen Standard Investments.

Brazil’s IPO boom fires up exit opportunities for private equity

Local investors have driven demand for Brazilian initial public offerings this year, in contrast to past booms

Sixth Street Partners eyes brightening European debut investment market with up to €1bn fundraise

Former TPG credit arm Sixth Street Partners is out raising up to €1bn for a new direct lending fund as it looks to profit from market conditions caused by the Covid-19 crisis.

Mark Carney identifies ‘three lies of finance’ to resist and avoid the next financial crisis

The ex-governor of the Bank of England wants an anti-fragile financial system

VC firms line up to back Orca Security’s $55m Series B round

Israel-based Orca Security has netted $55m in its Series B round, which was led by ICONIQ Growth.

Sequoia Capital leads $30m Salt Security Series B round

API security company Salt Security has scored $30m in a Series B round led by Sequoia Capital - its second funding round of the year.

Forbion flies to €460m hard cap fund close in just weeks following recent exit success

European life science venture capital firm Forbion has sealed its fastest fundraise to date after hitting the €460m hard cap for its latest investment vehicle in just a few weeks.

Ada Ventures seals hard cap-busting $50m debut fund close to back overlooked founders

Ada Ventures, the VC firm launched last year to profit from overlooked founders and impact deals, has scored an above-hard-cap $50m final close for its debut fund.

Over 450 companies join campaign to create 10,000 Black internships in the UK

A number of private equity firms, including Livingbridge, 3i, Carlyle and Neuberger Berman, among others are supporting the programme

Charterhouse backs UK pension consultancy LCP in £300m deal

The transaction, which is due to complete in mid-January, has generated over three times returns to the seller Inflexion

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.

Rutland Partners promotes two to investment director after six years with firm

UK private equity house Rutland Partners has promoted two to investment director after six years with the business.

Paine Schwartz Partners picks up plant-based dough maker Urban Farmer as new platform investment

Sustainable food chain investor Paine Schwartz Partners has tapped its fifth flagship fund to buy into plant-based specialty dough maker Urban Farmer.

Cerberus Capital, Provender team up to create multibillion-dollar US cold storage real estate portfolio

Cerberus Capital Management has teamed up with refrigerated real estate specialist Provender Partners for a new joint venture to create a multibillion-dollar portfolio of cold food storage facilities in the US.

UK activity on the up, but market braces for tax hit

In a volatile year, which has seen buy-and-build and technology deals increase, GPs have adjusted working habits to achieve some semblance of normality in their operations, drawing investment volumes back towards pre-Covid-19 levels. Katharine Hidalgo

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