Baring Private Equity Asia seals Virtusa take-private at about $2bn valuation

Baring Private Equity Asia has agreed a buyout of digital engineering and IT specialist Virtusa in a deal which values the business at about $2bn.

ParkerGale picks up workload automation software business SMA Technologies

Chicago-based private equity house ParkerGale has bought a majority stake in workload automation software business SMA Technologies.

Eurazeo underlines North American drive with former Searchlight partner hire

Eurazeo's growth buyout investment division has snapped up former Searchlight Capital partner Eric Sondag as managing director in its New York office.

Stellex Closes Big Fund, Opens New Office

Stellex Capital Management has closed Stellex Capital Partners II LP with total commitments of more than $1.77 billion and exceeding the fund’s original $1.25 billion target. Stellex closed its debut fund in July 2017 with

Berkshire Launches El Dorado Foods

Berkshire Partners has partnered with food executive Javier Vélez-Bautista to form El Dorado Foods. Mr. Vélez-Bautista now becomes the CEO of El Dorado and the new platform will be active acquiring Latin-inspired food and beverage

No V-shaped recovery in sight for Europe’s banks, says Fitch

Loan losses will keep rising as governments stop propping up borrowers and the economic devastation becomes clear

Wirecard sells UK card tech unit in fallout from corporate scandal

A spokesperson for Wirecard said it expects job losses among its 80 UK staff

China Renaissance Holdings hits RMB40bn of PE assets through final close of latest US-dollar fund

China Renaissance Holdings has raised more than $600m for the final close of its Huaxing Growth Capital USD Fund III.

Levine Leichtman brings in Kohlberg & Co’s Jeon as director amid string of promotions

Levine Leichtman Capital Partners has named Tannaz Chapman as its newest managing director among a string of promotions at the firm.

Pandemic fails to shackle European alternatives as AUM reaches €2tn for first time

European alternatives funds have reached €2tn of assets under management for the first time despite a dampening of activity amid the coronavirus pandemic.

Neuberger Berman hauls in over $300m to close new alternative credit fund

Asset management giant Neuberger Berman has raised more than $300m for the final close of the first fund raised by its alternative credit unit.

Eurazeo speeds up plan to buy all of private equity house Idinvest, eyes completion by end of 2020

Eurazeo has accelerated its plan to buy up the entirety of private equity firm Idinvest Partners.

Apax Partners agrees sale of online real estate platform idealista to EQT after impressive revenue growth

Apax Partners has agreed to sell its stake in southern European online real estate platform idealista to fellow private equity player EQT at a €1.3bn valuation.

Smart city operator Connexin agrees up to £80m investment from Whitehelm Capital

Infrastructure investor Whitehelm Capital has agreed up to £80m of investment in smart city operator Connexin.

AMB :- Total AUM for Europe-based alternatives funds reaches $2.36tn

Laxman Pai, Opalesque Asia: Total assets under management (AUM) for Europe-based alternatives funds have reached €2.00tn ($2.36tn) for the first time as of the end of 2019. This is up from €1.79tn at the end

AMB :- Venture capital investment in Australian fintech grows by 153% to $376.5m in H1 2020

Laxman Pai, Opalesque Asia: Investment in Australia's fintech sector has accelerated in the first half of 2020, reaching US$376.5 million, a more than 150 percent increase on the corresponding period in 2019 ($149.05 mil...Article Link

David Beckham’s Guild Esports to launch London IPO

The former England football captain is a minority shareholder in the business, in which AIM-listed investment firm Blue Star Capital holds an 11.7% stake

World Bank readies 15 year SDB

The World Bank has selected a trio of banks for a new 15 year Sustainable Development Bond (SDB), its first euro benchmark of its 2020/21 fiscal year. Elsewhere, the Republic of Korea scooped €700m with

Stellex Capital soars past Fund II hard cap to reach $1.775bn final close

Stellex Capital Management has soared to a impressive final close for its sophomore fundraise, beating its initial $1.25bn target by more than $500m.

British Private Equity Awards: shortlist announced

The shortlist for this year's Unquote British Private Equity Awards has been announced and the public vote is now underway – pick your winners before 5pm on 16 September.

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