TA Associates Grinds Away

Astorg has agreed to sell its portfolio company Surfaces Group to TA Associates. Surfaces Group is a supplier of abrasive tools and consumables used in the manufacturing process of high-end materials. The group’s products are

Novacap Expands Contract Food Platform

Noble Foods Nutrition, a contract manufacturer of nutrition and energy bars and a portfolio company of Novacap, has acquired the co-packing activities of Betty Lou’s, an energy bar manufacturer. Betty Lou’s, under its own brand

Life sciences VCs sell British drug maker KaNDy Therapeutics to Bayer

The deal includes the payment of an upfront consideration of $425m for the company, which is developing a compound to alleviate menopausal symptoms

Moody’s grows Asia business with acquisition

Moody’s Corp has acquired a minority stake in credit rating agency Malaysian Rating Corp (MARC), giving the US firm additional access to Malaysia’s domestic bond and sukuk markets.

US companies should consider making slavery reparations, says Vista Equity Partners CEO

Vista Equity Partners CEO Robert Smith has said that companies which profited from the transatlantic slave trade should consider making reparations to African-Americans.

Shark Solutions raises funding from Circularity Capital

Danish recycled glass firm Shark Solutions has raised funding from Scotland-based venture capital firm Circularity Capital.

Churchill Real Estate picks up $2bn of new institutional capital

Churchill Real Estate has picked up $2bn of new institutional capital as it looks to capitalise on residential transition lending.

Stellex Capital Management brings in industry veteran pair for launch of Michigan office

Mid-market US private equity house Stellex Capital Management has expanded its operations through the opening of a new office in Michigan.

One Equity Partners picks up wound care, medical procedure specialist American Medical Technologies

One Equity Partners has picked up advanced wound care and medical procedure supplies and services company American Medical Technologies.

Advent Life Sciences seals KaNDy sale to industry giant Bayer, deal could be worth over $975m

Europe's Advent Life Sciences has sealed a sale of KaNDy Therapeutics Ltd to industry giant Bayer in a deal which could see it collect in excess of $975m.

Arcline Investment Management makes Jersey Elevator latest buyout from $1.5bn debut fund

Arcline Investment Management has picked up elevator maintenance, modernization and installation Jersey Elevator.

Industry giants, Skype co-founder Zennström among backers of La Famiglia’s sophomore fundraise

Industry giant Mittal, the Swarovski family and Skype co-founder Niklas Zennström are all among backers of a €50m fund raised by woman-led venture capital firm La Famiglia.

Suzhou LGFV pays up for dollar outing

Suzhou SND Group Co, a Chinese local government financing vehicle (LGFV), got lukewarm support for its debut dollar bond on Monday, forcing it to offer a bit of premium to get its deal past the

Nine ways the finance sector can fight the coronavirus recession

As the UK officially enters recession for the first time since 2008, we ask top commentators: how much will this hurt and what should the City do to get through it?

Xpeng charges up $2bn ADS follow-on

Chinese electric vehicle manufacturer Xpeng is selling a chunk of new American Depository Shares (ADS) to fund research and development and further expansion.

Xpeng charges up $2bn ADS follow-on

Chinese electric vehicle manufacturer Xpeng is selling a chunk of new American Depository Shares (ADS) to fund research and development and further expansion.

Perimeter raises rapid-fire $40m Series B, just months after Series A extension

Zero-trust secure network Perimeter 81 has closed its Series B on $40m, just a few months after a Series A extension.

Proptech startup Habito secures £35m in venture capital-backed Series C round

London-based PropTech Habito has bagged £35m in a Series C round led by Augmentum Fintech, SBI Group and mojo.capital.

OVL makes quick loan return

ONGC Videsh (OVL), the overseas arm of India’s state-owned Oil and Natural Gas Corp, has sent out a request for proposals for an up to $750m loan, just a few months after raising $1bn.

AMB :- European PE/VC deal volume drops to a five-year low in H1 2020

Laxman Pai, Opalesque Asia: European private equity and venture capital entry volume dropped to a five-year low in the first half of 2020 as managers turned away from deal-making to focus on their existing portfolios

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