Union Capital scores 50% fund size increase with $309m Fund III hard cap close

Lower mid-market private equity firm Union Capital Associates has hit a $300m hard cap close for its third flagship fund. The post Union Capital scores 50% fund size increase with $309m Fund III hard cap

Solar sales, design software maker Solo gets Bregal Sagemount backing

New York-based buyout house Bregal Sagemount has made a minority strategic growth investment in Solo, a provider of solar sales, proposal and design software. The post Solar sales, design software maker Solo gets Bregal Sagemount backing first appeared

Ex-Investec asset management arm Ninety One hits €130m first close for European credit fund

Ninety One, the asset manager which demerged from Investec Bank two years ago, has raised €130m for the first close of its first European Credit Opportunities Fund I. The post Ex-Investec asset management arm Ninety

Blackstone sells famed UK holiday resort Butlin’s back to former owners after 20 month hold

Blackstone‘s 20-month ownership of venerable UK holiday resort chain Butlin’s has already come to an end through a buy-back deal from the family behind the company’s former owners. The post Blackstone sells famed UK holiday resort

Advent tucks into Chinese healthy eating restaurant chain Wagas

Private equity giant Advent International has bought a 60% interest in Chinese healthy, light food-focused restaurant group Wagas. The company has about 250 locations in China under the Wagas, Baker and Spice, Funk & Kale

Conservatives Attack Companies for Being Too ‘Woke’ on Climate

Conservatives in the U.S. have targeted firms for their environmental policies, but many companies are standing their ground.

FSN Capital to acquire Bäcker Görtz in MBO

Northern European sponsor FSN Capital has agreed to invest in Germany-based bakery chain Bäcker Görtz alongside existing owners Peter and Frank Görtz, who will continue as co-CEOs and retain a significant minority stake.

Lakestar eyes fundraise for second Growth Fund

Venture capital firm Lakestar has made a Luxembourg legal filing for Lakestar Growth II; the Luxembourg structure is expected to pave the way for European LPs to come into the fund, a source familiar with

Ex-HIG, Accel-KKR execs score over $500m to close second Resurgens Technology Partners fund

Resurgens Technology Partners, the tech-focused investor launched by former HIG and Accel-KKR execs, has stormed to more than $500m for its second fundraise. The post Ex-HIG, Accel-KKR execs score over $500m to close second Resurgens

Carlyle exits 15-year investment in Sequa through sale to Veritas Capital

Carlyle has ended its 15-year ownership of aircraft engine and gas turbine specialist Sequa through a sale to fellow private equity house Veritas Capital. The post Carlyle exits 15-year investment in Sequa through sale to

The Bolt-Ons Digest – 16 September 2022

The Bolt-ons Digest is a compilation put together by Unquote with the main add-on deals announced by PE-backed companies in Europe over the last few days.

HCAP more than doubles Fund IV total with $353m final close of fifth impact fundraise

Californian impact investor HCAP Partners has picked up more than $350m for its oversubscribed fifth fundraise, including anticipated leverage from the US Small Business Administration. The post HCAP more than doubles Fund IV total with

CalPERS commits another $7.4bn to alts, picks Advent, Thoma Bravo, Silver Lake among big PE investments

Pension giant CalPERS has revealed an enormous $7.4bn of new commitments to alternative investment funds. The post CalPERS commits another $7.4bn to alts, picks Advent, Thoma Bravo, Silver Lake among big PE investments first appeared

Goldman Sachs said to near $15bn for latest giant mezzanine fundraise

Goldman Sachs is reportedly within touching distance of a $15bn final close for its latest mezzanine investment fund. The post Goldman Sachs said to near $15bn for latest giant mezzanine fundraise first appeared on AltAssets

Ares scores $2.2bn for debut sport, media and entertainment fundraise

Ares Management has raised almost $2.2bn for its debut fund targeting sports leagues, teams and sport-related franchises, media and entertainement. The post Ares scores $2.2bn for debut sport, media and entertainment fundraise first appeared on

‘Play-based’ education provider Nest Schools gets Rockbridge Growth Equity backing

Detroit-based private equity house Rockbridge Growth Equity has backed childhood education centre provider The Nest Schools. The post ‘Play-based’ education provider Nest Schools gets Rockbridge Growth Equity backing first appeared on AltAssets Private Equity News.

Madrona hauls in $690m for biggest fundraise in 27-year history

Veteran venture capital investor Madrona has scored its biggest-ever fundraise by bringing in $690m across a pair of new vehicles. The post Madrona hauls in $690m for biggest fundraise in 27-year history first appeared on

US defence contractor ManTech bought by Carlyle in $4.2bn deal

Private equity giant Carlyle has completed a $4.2bn buyout of US defense contractor ManTech International Corp. The post US defence contractor ManTech bought by Carlyle in $4.2bn deal first appeared on AltAssets Private Equity News.

British Private Equity Awards: voting extended to 23 September

The deadline to vote for this year's Unquote British Private Equity Awards has been extended to 23 September at 5pm.

Access holds EUR 306m final close for second co-investment fund

Paris-headquartered Access Capital Partners (ACP) has held a EUR 306m final close for its second co-investment fund, which will continue the GP’s strategy of investing in small-cap European buyout vehicles.

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