AMB :- Momentum in Europe helping the venture capital market to remain strong

Laxman Pai, Opalesque Asia: While Europe showed resilience in Q2 2020, there is growing concern that the venture capital (VC) market in Europe could see large impacts in Q3'20 given the widespread effect of COVID-19

General Atlantic invests into Gymshark helping it become the UK’s latest unicorn

Global growth equity firm General Atlantic has invested into fitness and apparel brand Gymshark, valuing the business at £1bn.

Mobeus nets 23.4% IRR in UK tech company sale

The British lower mid-market firm has exited Access-IS, which creates hardware to read tickets, take contactless fare payments, and image and authenticate travel and identity documents

GTCR promotes Jeschke to managing director after nine years at firm

Chicago private equity house GTCR has promoted Stephen Jeschke to managing director after nine years at the firm.

Sixth Street hits mammoth $22.5bn for flagship fund after reopening vehicle to investors amid Covid opportunity: WSJ

Former TPG credit arm Sixth Street Partners has reportedly brought in another $10bn for its nine-year-old flagship fund after it re-opened the vehicle amid huge opportunities thrown up by the coronavirus crisis.

Ex-KKR deals veteran Momtazee launches new healthcare-focused private equity house

Former KKR dealmaker Jim Momtazee has reportedly launched his own private equity house targeting investments in the burgeoning healthcare sector.

‘Chronic under-representation’ of black talent in UK finance in sights of new PE-backed initiative

A string of UK private equity houses are part of a new initiative to help fight what it describes as the chronic under-representation of black talent in British financial institutions.

UK hunts for way to provide bailout loans to debt-laden private equity-backed businesses: FT

The UK government is reportedly searching for a way to offer state-backed loans to debt-heavy private equity-backed businesses to bolster struggling high street retailers, the FT has said.

UK’s ‘battle-fatigued’ private care providers face uncertain post-coronavirus future

In England, 30% of all Covid-19 deaths were recorded in care homes, the latest data from the Office for National Statistics shows

Venture capital firms commit to UK proptech developer Hammock

UK proptech Hammock has secured £1m in a seed funding round backed by Fuel Ventures, Ascension Ventures, Founders Factory and several unnamed angel investors.

BC Partners sells remaining shares in cable provider Altice USA

BC Partners' investment dates back to 2015 when, along with other co-investors including CPPIB, it took a stake in Altice's buyout of Cablevision Systems

BC Partners raises €664m for its first European real estate fund

The fund's target size has not been disclosed, but a person familiar with the situation said the firm is seeking to collect up to €700m

Brookfield hauls in $23bn in best-ever fundraising quarter, including $12bn for mammoth private debt fund

Brookfield Asset Management has raised $23bn in its best-ever quarter for fundraising as capital continues to pour in to its huge distressed debt vehicle.

STIC Investment, SoftBank Korea et al. acquire Systran

Several South Korean investors, including STIC Investments and SoftBank Korea, have invested in translation technology company Systran.

Sun Capital sells Johnny Rockets to Fatburger owner as restaurant industry looks to rebound from Covid-19

Sun Capital-backed 50's-themed restaurant chain Johnny Rockets has been bought by Fatburger owner FAT Brands in a $25m deal.

Private equity-backed Vertafore bought by rival Roper in $5.35bn deal

Private equity-backed insurance software company Vertafore has been bought by industry rival Roper Technologies in a $5.35bn buyout. Bain Capital and Vista Equity Partners agreed to buy Vertafore four years ago from TPG Capital in a $2.7bn deal.

Permira-backed Dr Martens returns UK government aid as online sales grow

The British boots maker posted a 48% jump in revenues to £672.2m for the year to 31 March

Andera Partners back with second fundraise of Covid-19 crisis, said to eye up to €450m

French investment house Andera Partners is reportedly out targeting up to €450m for its biggest-ever fund, hot on the heels of closing a €500m-plus mezzanine fund in June.

Commerce Ventures leads $35m Series B to expand Kin Insurance across US

Home insurance platform Kin Insurance has closed its Series B round on $35m, led by Commerce Ventures.

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