BC Partners looking at $4bn deal to divest IT company Presidio – report

BC Partners is looking to exit IT Presidio at more than $4bn, including debt, Reuters reported quoting two people familiar with the matter. The post BC Partners looking at $4bn deal to divest IT company

August Equity to target GBP 400m in fundraise for upcoming sixth fund

UK-focused sponsor August Equity will look to raise its sixth fund towards the end of the year with a target of around GBP 400m, a source familiar with the situation told Unquote.

Hg to launch sale of business messaging group Commify

Hg has appointed Moelis to sell Commify, a UK-based business communications services group, three sources familiar with the situation said.

Unquote British Private Equity Awards 2022: one more week to enter

Submit your entry for the 2022 Unquote British Private Equity Awards before 15 July 2022 at 5pm

Perwyn hires CFO from Silverfleet Capital

Perwyn, a UK-based family-backed private and growth equity investor, has appointed James Gavey as its new CFO.

Levine Leichtman Capital inches closer to first German deal

Levine Leichtman Capital Partners is to seal its first German deal in the upcoming 12 months as it looks to cement its place in the DACH market, the GP’s new European head, Josh Kaufman, said.

Algebris holds EUR 200m first close for debut Green Transition Fund

Asset manager Algebris Investments has held a EUR 200m first close for its Algebris Green Transition Fund, its first private equity fund. The vehicle will invest in Italian and Southern European businesses.

Deft deployment, creative exits drive PE agenda into H2 2022

Following an almost too-good-to-be-true year in 2021, the outbreak of war in Ukraine and an impending recession are bringing a dose of realism to the world of private equity.

William Blair poaches peers in European advisory boost

Financial advisory firm William Blair is bolstering its financial advisory shop in Europe with five senior hires across technology, services, industrials and debt advisory.

Waterland invests in tax and audit advisor Cooper Parry

Private equity firm Waterland has invested in Cooper Parry in a deal that will transform the UK tax and audit advisor from an LLP to a limited company.

Musk to Address Twitter All-Hands Meeting

Musk will take questions from employees as his $44 billion acquisition of the company moves ahead, despite his hand-wringing about bots.

When Wall Street’s bears attack the stock market

What the second bear market since the start of the pandemic might signal.

Gresham House reaps 2.3x on exit of MBI to trade

Gresham House Ventures has sold its majority stake in Media Business Insight (MBI), a UK-based content, insight, and events company for the creative media industry, in an off-market transaction to GlobalData, an AIM-listed data and

Aurelius exits German blown film maker Hammerl to trade

European GP Aurelius has sold Hammerl, a German manufacturer of blown film products, to construction material group Karl Bachl.

PennSERS makes latest commitments to Veritas, Blackstone as it lowers investment return assumption

The Board of the Pennsylvania State Employees’ Retirement System has picked Veritas Capital and Blackstone for its latest round of alternative asset fund commitments. The post PennSERS makes latest commitments to Veritas, Blackstone as it

HIG promotes debt specialist Malezieux to managing director in Bayside arm

HIG Capital’s distressed debt and special situations arm, HIG Bayside, has promoted Mathilde Malezieux to managing director. The post HIG promotes debt specialist Malezieux to managing director in Bayside arm first appeared on AltAssets Private

Blackstone, CPPIB buy into Genstar Capital’s Advarra, valuation believed to be about $5bn

Blackstone and the Canada Pension Plan Investment Board have agreed the buyout of Genstar Capital’s Advarra, in a deal believed to value the business at about $5bn. Genstar and Linden Capital Partners will continue to

Europe’s 360 Capital hits close for new deeptech, B2B software, consumer tech fund

European early-stage investor 360 Capital has hit a close for its latest fund targeting pre-seed and seed tech businesses. The post Europe’s 360 Capital hits close for new deeptech, B2B software, consumer tech fund first

Texas pension giant picks hefty new TPG, Leonard Green funds among latest buyout commitments

The $204bn-managing Teachers' Retirement System of Texas has picked TPG's latest mammoth buyout fund among its new swathe of commitments. The post Texas pension giant picks hefty new TPG, Leonard Green funds among latest buyout

Multiples Heatmap: PE activity holds up amid war, inflation woes

Russia’s invasion of Ukraine, surging energy prices and supply chain disruption combined to create an exceptionally challenging environment for dealmakers in Q1 2022, the latest Clearwater Multiples Heatmap shows.

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