Hony Capital burned by Pizza Express as bondholders agree deal for struggling restaurant chain

Struggling private equity-backed restaurant group Pizza Express is set to be largely taken over by bondholders as the business reels under the strain of the coronavirus lockdown.

Apollo-backed home security company ADT sees shares soar after Google agrees stake buy

Apollo Global-backed home security business ADT saw its valuation surge past $14bn after Google revealed it was buying a 6.6% stake in the company.

Debt-laden AA could come back into private equity hands as buyout majors enter talks with company

Debt-heavy UK roadside recovery business AA could be coming back into private equity hands after receiving buyout interest from a string of big-name firms.

US homeschool curriculum business AALP bought by Surge Private Equity

Dallas-based buyout house Surge Private Equity has bought US homeschool curriculum publisher All About Learning Press.

Goodyear air springs business bought by special situations private equity house Turnspire Capital

Special situations private equity specialist Turnspire Capital Partners has agreed to buy the Goodyear air springs business from EnPro Industries.

Growth Capital Partners continues dealmaking activity flurry with GTS investment

UK private equity house Growth Capital Partners has made its tenth investment from its £205m fourth fund by picking up adhesives, laminates and insulation materials maker GTS.

Epiris deal looks to rescue UK’s Bella Italia, Café Rouge, Las Iguanas following Covid-19 lockdown

UK private equity house Epiris has swooped to buy restaurant chains Bella Italia, Café Rouge and Las Iguanas in a bid to rescue the eateries following their long closures due the coronavirus crisis.

Benelux dethroned by Nordics as world’s top-performing private equity market

The Nordic region has become the world's top-performing private equity market, helping Western Europe consolidate its position at the top of the global PE tree, new research has revealed.

Former TGI Friday’s owner Epiris rescues KKR-backed Casual Dining Group

The deal comprises 140 restaurants under the Bella Italia, Café Rouge and Las Iguanas brands and is expected to save 4,000 jobs out of the nearly 6,000 staff the company had in the UK

KKR, CVC, Ares among big name PE firms picking up new NYSCRF commitments

KKR, CVC Capital and Ares Management were the big name private equity firms picking up commitments in the latest round of investing from New York pension giant NYSCRF.

Silver Lake, Thoma Bravo funds pick up big NYSTRS backing among $1.66bn of new PE commitments

The New York State Teachers' Retirement System has boosted its $22.6bn private equity program with more than $1.66bn of new commitments.

China hits $12.5bn first close for environmental projects, businesses investment fund

China has raised CNY88bn ($12.59bn) to date for the country's first major fund dedicated to environmental projects and businesses.

UCL hits £100m first close for sophomore fund targeting spinouts, projects from university’s academics

A new venture capital fund targeting the commercialisation of projects and spinouts from academics at University College London has hit a £100m first close.

Nvidia reportedly in talks to buy Arm from SoftBank for over $32bn

This is the second round of reports suggesting Nvidia might be a buyer

Petrochemical industry veteran Michael White joins Starwood Energy as senior vice president

Energy infrastructure-focused private investment house Starwood Energy has brought in veteran industry expert Michael White as a senior vice president.

Riskiest bonds are on the rise in Europe

High-yield bond issuance to finance acquisitions has picked up in recent weeks in Europe, ending a nearly five-month lull

Comment: Main Street deserves access to private equity too

Private equity has the potential to hasten the retirement day for American workers by fortifying retirement savings

Europe on course for highest rate of corporate debt defaults since 2008

Moody’s expects the corporate debt default rate in Europe, the Middle East and Africa to reach 6.2% in 12 months – the highest level since the financial crisis

PropTech company JetClosing eyes new markets after closing $9bn Series B round

PropTech startup JetClosing has bagged $9m in its Series B round amid a plan to move into new markets.

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