AMB :- Vitruvian Partners races to $4.7bn hard cap close for the new fund

Laxman Pai, Opalesque Asia: UK private equity firm Vitruvian Partners has closed its fourth buyout fund at its hard cap of €4bn ($4.7bn), less than three months after its formal launch. According to the London-headqua...Article

HKW Adds Deal Generation Pro

Indianapolis-based HKW has added Lilly Green to its team as Vice President of Deal Generation. Ms. Green will be based in HKW’s New York City office. At HKW, Ms. Green will be active sourcing new

Madison Dearborn Buys IPL Plastics

Madison Dearborn Partners has partnered with Caisse de dépôt et placement du Québec (CDPQ) to acquire publicly traded IPL Plastics at an enterprise value of $736 million. IPL Plastics (TSX: IPLP) is a maker of

Advent, Cinven complete €17.2bn Thyssenkrupp elevator unit buyout signed before Covid-19 pandemic

Global private equity giants Advent and Cinven have closed their €17.2bn takeover of Thyssenkrupp's sought-after elevators business, one of the biggest buyout deals to be completed since full force of the coronavirus pandemic struck.

Vitruvian Partners races to $4bn hard cap close for new fund raised entirely during lockdown

Vitruvian Partners has wrapped up a rapid $4bn raise for its fourth flagship fund, taking less than three months to hit its hard cap.

Veteran private equity pair join Triago as firm looks to boost offering to LPs, GPs amid Covid-19

Private equity industry veterans Andrew Rosato and Simeon Ketchum have been hired by fund advisory specialist Triago as it looks to deepen its services amid the impact of Covid-19 on LPs and GPs.

Illinois public pension reveals triple private equity investment, Clearlake Capital gets biggest commitment

The $42.3bn-managing Illinois Municipal Retirement Fund has agreed a trio of new private equity commitments worth $125.

DACH buyout market weathers Covid-19 impact, UK and France suffer

Not all European buyout markets were affected equally by coronavirus lockdowns in Q2, with DACH emerging as the busiest region while its neighbours saw little activity, according to Unquote Data.

Ardian buys French insurance broker Finaxy from Equistone Partners Europe

Ardian has bought a majority stake in Finaxy, a French multi-specialist B2B and B2C insurance broker, from fellow private equity investor Equistone Partners Europe.

Dell family investment arm MSD Partners soars past target to reach $825m credit fund close

MSD Partners, a subsidiary of Michael Dell's family private investment firm, has soared past its latest fundraising target to reach an $825m final close.

Corsair Capital commits to B2B payment, credit solutions provider MSTS in buyout from World Fuel Services

Business and financial services-focused private equity firm Corsair Capital has agreed a buyout of MSTS, a global B2B payment and credit solutions provider, from World Fuel Services Corporation.

Saudi investment group withdraws bid to buy Newcastle United

The group, which also included Reuben Brothers and was organized by the British financier Amanda Staveley, had been working to acquire Newcastle for $380m

Man Group assets fall 8% amid ‘challenging time’

Opalesque Industry Update - British hedge fund manager Man Group recorded an 8% fall in assets in the first six months of 2020 as the new coronavirus pandemic dragged down performance by $5.4 billion. Man

Ardian buys Finaxy from Equistone

Ardian has acquired a majority stake in French insurance broker Finaxy from Equistone Partners Europe.

3i posts increase in net asset value as PE portfolio proves resilient despite Covid-19

The UK-listed business posted a total return of 6.8% for the period

Goldman Sachs PE arm eyes up to $17bn across loan, special situations fundraises – report

The private equity arm of Goldman Sachs is reportedly eyeing up to $17bn across a pair of new fundraises targeting private debt and special situations investments.

Permira, Coller among UK PE firms teaming up to fight climate change

A group of private equity majors including Permira and Coller Capital have teamed up to help fight climate change through the launch of a new international network.

‘Resilient’ financial services focus led to hard cap debut Preservation Capital Partners fund close, firm says

Preservation Capital Partners, a specialist investor in the asset-light financial services sector, has hit a £309m ($400m) hard cap close for its debut fundraise.

Small UK businesses ‘in difficulty’ can now access emergency loan scheme

Treasury presses banks to lend after lobbying EU to enable changes to CBILS

Europe’s VC firms defy Covid-19 woes with deal surge – with one region even on track to beat record 2019 total

Europe's venture capital industry has staged a remarkable fightback against the coronavirus-induced market slump by posting one of the largest dealmaking totals on record in Q2.

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