SEC Identifies Private Fund Deficiencies

Posted by Brian T. Daly and Marc E. Elovitz, Schulte Roth & Zabel LLP, on Monday, July 27, 2020 Editor's Note: Brian T. Daly and Marc E. Elovitz are partners at Schulte Roth & Zabel

VC investment in UK fintech slumps 40% amid Covid-19 crisis

There were 167 deals worth $1.84bn during the first six months of 2020, according to figures from UK fintech industry body Innovate Finance

Private equity giants said to circle Rolls Royce’s Spanish aerospace parts unit, deal could hit £1bn – report

Private equity giant KKR, Carlyle and Blackstone are reportedly circling Rolls Royce's £1bn Spanish business ITP Aero.

SK Capital seals ‘tremendous opportunity’ in Baker Hughes polymers carveout

Private equity house SK Capital Partners has agreed to buy the speciality polymers business from Baker Hughes.

Revolut raises $80m in series-D extension

UK-based banking app Revolut has raised $80m in a series-D extension from private equity firm TSG Consumer Partners, Unquote understands.

Spain’s Azora bets on European hotel recovery post-Covid, raises €680m for new fund

Spanish private equity real estate investor Azora has beating its €600m target in a new fundraise focused on leisure hotels in Europe.

Europe misses out on blank cheque bonanza

Special purpose acquisition companies are booming in the US but have a chequered history in Europe

Covid testing, microbiology and viral lab specialist ALG sold by Thompson Street Capital Partners

Thompson Street Capital Partners has completed the sale of Analytical Lab Group, an industry-leading microbiology and viral lab, to trade buyer Element Materials Technology.

Private equity returns surge as coronavirus causes ‘sugar rush’ of demand in some sectors – PwC

US private equity return multiples have surged this year after the global coronavirus pandemic caused a 'sugar rush' of sudden demand in certain sectors, new research shows.

Global gym operator CrossFit gets private equity backing from Berkshire Partners

Boston-based buyout house Berkshire Partners has agreed to pick up global gym operator CrossFit.

LDC backs triple merger to create new UK cloud managed services business Kerv

UK private equity investor LDC has provided the capital for the £30m merger of a trio of cloud-centric management services companies.

Fintech, software expert Hess named latest WCAS operating partner

Tech and healthcare-focused private equity house Welsh Carson Anderson & Stowe has named software and fintech expert Pete Hess as its latest operating partner.

Cybersecurity company CyCognito closes $30m Series B round

CyCognito, a cybersecurity solution that aims to uncover and prioritise risk from attacker-exposed systems, has closed its Series B round on $30m.

Humvee Maker Sold to KPS

KPS Capital Partners has agreed to acquire AM General, a military vehicle and contract automotive manufacturer, from MacAndrews & Forbes, an investment firm controlled by Ronald Perelman. AM General manufactures specialized vehicles for military and

Trive Invests in Rubicon Bakers

Trive Capital has made an investment in Rubicon Bakers, a maker of all-natural cakes, cupcakes, cookies, and muffins. Rubicon’s product line includes more than 50 SKUs – including vegan and plant-based options – that are

KPS Stalking Horse for Briggs & Stratton

KPS Capital Partners has agreed to acquire the assets of small engine manufacturer Briggs & Stratton, including the equity of foreign subsidiaries, for approximately $550 million. On July 20, Briggs & Stratton voluntarily filed for

J.F. Lehman Hits Hard Cap

J.F. Lehman & Company has held a final closing of its fifth fund with $1.35 billion of capital. Initially targeting $1.0 billion, JFL Equity Investors V LP, was oversubscribed and closed at its hard cap.

GoldPoint Partners co-founder Schumacher joins WM Partners as senior advisor

Mid-market private equity house WM Partners has named Goldpoint Partners co-founder John Schumacher as a senior advisor.

Aurelius sells Office Depot’s Spanish business to trade

Aurelius Equity Opportunities has sold the Spanish contract business of its portfolio company Office Depot Europe to French provider of office supplies Lyreco.

Madison Dearborn nears $4.5bn Fund VIII goal

Madison Dearborn is within touching distance of its $4.5bn goal for its eighth flagship fundraise after passing the $4bn mark for the vehicle.

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