HIG rounds up €1.1bn for lower mid-market European fund

The US-based firm outdid the €825m it collected for HIG Europe Capital Partners II

Brexit committee chair Benn slams waste of ‘time, effort and cost’ for UK finance sector

Johnson’s government has failed 'to understand the scale of the change and to prepare for it'

HIG Europe Capital Partners III closes on €1.1bn

HIG Capital has held a final close for HIG Europe Capital Partners III, its European lower-mid-market fund, on €1.1bn.

BlackRock to pay $1.05bn to buy Aperio Group from Golden Gate Capital

BlackRock has agreed to pay $1.05bn to buy research-based investment management business Aperio Group from Golden Gate Capital after just two years in the latter's portfolio.

L Catterton seals lightning return on Cholula investment through $800m trade sale

L Catterton has sealed a rapid return on its investment in hot sauce maker Cholula after agreeing an $800m sale to trade buyer McCormick & Company.

Steady inflows into UCITS equity funds in September

Opalesque Industry Update - The European Fund and Asset Management Association (EFAMA) has today published its latest monthly Investment Fund Industry Fact Sheet, which provides net sales data of UCITS and AIFs for September 2020.

Sun Capital hires ex-TA Associates, Jump Capital tech investing expert Elizabeth de Saint-Aignan

Sun Capital Partners has brought on board Jump Capital growth equity group founding partner Elizabeth de Saint-Aignan as a managing director on its transactions team.

CEO diversity takes a hit – do boards prefer ‘older white males’ in a crisis?

Recruitment firm Heidrick & Struggles also found that 83% of chief executive hires in the UK this year already had C-suite experience

New specialist private equity firm spun out by WL Ross, Invesco Private Capital senior execs launched

A pair of former WL Ross and Invesco Private Capital senior execs have spun out a new private equity firm targeting opportunistic buyouts and special situations deals in the global industrials, materials and chemicals sectors.

HIG Capital rounds up €1.1bn to target European lower mid-market companies

HIG Capital has hit a €1.1bn final close for its third fund targeting lower mid-market European investments.

Andreessen Horowitz hauls in $4.5bn to close two new early-stage, growth funds

Venture capital major Andreessen Horowitz has boosted its capital under management to almost $16.5bn by closing $4.5bn across two new fundraises.

Bain Capital seals $800m final close for second impact investing fund: WSJ

Bain Capital has more than tripled its capital under management dedicated to impact investing through an $800m fund close, the Wall Street Journal has reported.

New York VC Work-Bench back fundraising, could collect up to $100m

New York-based Work-Bench is eyeing a big fund size increase by targeting up to $100m for its third flagship investment vehicle.

European insurers gear up to do deals

A tough period during the pandemic is prompting restructuring and sales, including a number of private equity-backed transactions

GI Partners buys Valet Living from Harvest Partners, Ares Management private equity arm

Buyout house GI Partners has bought doorstep waste, recycling and concierge services provider Valet Living from Harvest Partners and Ares Management's private equity arm.

Synova buys insurance broker JM Glendinning

Synova Capital has acquired UK-based insurance broker JM Glendinning (JMG).

Japanese bank SMBC takes $30m stake in UK fintech firm OakNorth

The deal is at a discount to OakNorth’s overall valuation, compared with its most recent $440m financing round by SoftBank

Private equity ESG reports still ‘too superficial’ for LPs’ taste

Institutional investors call out the buyout industry for 'greenwashing' – in the same week that the UK government announced an ambitious green investment plan

Private equity-backed Nutribullet, Magic Bullet maker bought by Delonghi in $420m deal

Capital Brands, the private equity-backed maker of the hugely popular Nutribullet and Magic Bullet blenders, has been bought by trade giant Delonghi in a $420m deal.

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