Connection Capital exits Tempcover to RVU for 5x money

Private client investment business Connection Capital has sold UK online temporary insurance platform Tempcover to RVU, a UK platform that owns brands including Confused.com.

Equistone sells Team ITG to Bridgepoint

Equistone has sold its majority stake in Inspired Thinking Group (Team ITG), a marketing activation business, to Bridgepoint; the sponsor will reinvest in the UK-based company with a minority stake via its dedicated Reinvestment Fund.

Livingbridge buys Nourish Care Systems

Mid-market sponsor Livingbridge has acquired UK-based digital medical care planning software provider Nourish Care Systems.

How Roman Abramovich Used Shell Companies and Wall Street Ties to Invest in the U.S.

Using a network of banks, law firms and advisers in multiple countries, Roman Abramovich invested billions in American hedge funds.

Circularity Capital hires new investment director

UK-based specialist private equity firm Circularity Capital has appointed Deanna Zhang as investment director.

Eurazeo, Cathay Capital, Sagard Newgen enter into exclusive investment agreement with DiliTrust

Global buyout major Eurazeo has formed a consortium with Cathay Capital and Sagard Newgen to enter into an exclusive agreement to make €130m of investment in DiliTrust. The post Eurazeo, Cathay Capital, Sagard Newgen enter

At home connected rower brand Hydrow secures latest funding from L Catterton

Consumer-focused private equity firm L Catterton has participated in a $55m series D round funding for at home connected rower maker Hydrow. The post At home connected rower brand Hydrow secures latest funding from L Catterton

Getir becomes decacorn at $11.8bn valuation thanks to a new series E funding round

Ultrafast grocery delivery company Getir entered into decacorn status at $11.8bn valuation thanks to a  new $768m funding round. The post Getir becomes decacorn at $11.8bn valuation thanks to a new series E funding round first

Data Point brings in ex-Abry Partners co-CEO Peggy Koenig as special advisor amidst growth in scale

Boston-based venture capital firm Data Point Capital has hired  former Abry Partners co-CEO Peggy Koenig as special advisor. The post Data Point brings in ex-Abry Partners co-CEO Peggy Koenig as special advisor amidst growth in

One Peak gears up for fund III

London-headquartered European growth technology investor One Peak Partners has made a regulatory filing for One Peak GP III.

Sycamore Partners in early stages of Ted Baker take over

Private equity house Sycamore Partners is in early stages of taking over UK retail brand Ted Baker. The post Sycamore Partners in early stages of Ted Baker take over first appeared on AltAssets Private Equity

Bowmark explores Lawyers On Demand exit

Bowmark Capital has mandated Rothschild to explore an exit of UK-based legal services platform Lawyers on Demand (LOD), three sources familiar with the situation said.

The Bolt-ons Digest – 18 March 2022

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

CalPERS reveals $6.6bn of new alternatives commitments, Oak Hill takes lion’s share

Pension fund giant CalPERS has made $6.6bn of new alternative asset fund investments - with almost half of those going to private credit firm Oak Hill Advisors. The post CalPERS reveals $6.6bn of new alternatives

Baring halts sale of Chinese packaging firm HCP again, citing valuation concerns

Baring Private Equity Asia has put a hold on the sale of Chinese packaging firm HCP due to valuation concerns, Bloomberg reported. The post Baring halts sale of Chinese packaging firm HCP again, citing valuation

New buyout firm Rockets Capital holds $200m first close to invest in electric vehicle market

Newly-established Rockets Capital has held a fist close of over $200m for its maiden fund. The post New buyout firm Rockets Capital holds $200m first close to invest in electric vehicle market first appeared on

Sector pioneer Blockchain Capital eyes up to $400m for new flagship fund, first opportunities vehicle

Blockchain industry investment pioneer Blockchain Capital is already back in the market with the successor to last year's $300m fourth fund - and is also collecting capital for its debut Opportunities Fund. The post Sector

Chicago buyout veteran Frontenac soars to $520m hard cap to close 12th flagship fundraise

Veteran Chicago buyout house Frontenac has hit a $520m hard cap close for its oversubscribed 12th fund, well above its initial $425m target. The post Chicago buyout veteran Frontenac soars to $520m hard cap to

KKR hires Workday co-CEO as tech advisor

Global private equity firm KKR has hired Chano Fernandez, the co-CEO of Workday, to advise on tech investments in Europe and North America.

Frazier Healthcare Partners soars past last life sciences fund total with new $987m fund close

Frazier Healthcare Partners has beaten its goal for its latest life sciences-focused fundraise by picking up $987m for a final close of the vehicle. The post Frazier Healthcare Partners soars past last life sciences fund

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