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Category: covid

Advent buys stake in delivery business Hermes UK amid demand spike due to Covid-19 lockdown

Private equity giant Advent International has agreed an investment in consumer delivery business Hermes UK.

BGH Capital agrees cut-price Village Roadshow buyout in wake of coronavirus shuttering

Australian theme park and cinema operator Village Roadshow has agreed to a cut-price offer from BGH Capital as it looks to recover from the impact of the coronavirus crisis.

Private equity execs bullish on 2020 dealmaking, more portfolio company support – survey

Private equity firms remain bullish on their portfolio investments despite the widespread chaos caused by the coronavirus crisis, new research suggests.

Can a slew of pandemic-focused private debt fundraises slow the sector’s fundraising decline?

Private debt fundraising is on pace for its slowest year in half a decade - but will a surge of newly-launched opportunistic vehicles hoping to profit from the coronavirus crisis turn those numbers around?

Secondaries private equity dealmaking falls apart due to Covid – but record fundraising leaves sector in rude health

Secondaries private equity dealmaking fell off a cliff in the first half of the year as the coronavirus crisis saw deal value drop more than 56% compared to the same period in 2019, new research

KKR seals record fundraising quarter amid push to profit from coronavirus opportunity

Global private equity giant KKR raised a record $16.4bn last quarter amid a powerful push to cash in on investment opportunities thrown up by the ongoing coronavirus crisis.

Apollo’s Rackspace IPO values company at $4.18bn, below PE firm’s 2016 take-private valuation

Apollo Global has seen a disappointing IPO for portfolio business Rackspace value the business at about $4.18bn - less than the company's $4.3bn valuation when Apollo took it private four years ago.

Hony Capital burned by Pizza Express as bondholders agree deal for struggling restaurant chain

Struggling private equity-backed restaurant group Pizza Express is set to be largely taken over by bondholders as the business reels under the strain of the coronavirus lockdown.

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.

‘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.

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.

Adams Street Partners said to near $1.1bn mark for new private credit fundraise

Adams Street Capital Partners has reportedly pulled in almost $1.1bn for an interim close of its new private credit fundraise.

THL Partners seals quick Juvare exit to Rothschild private equity arm, two years after Intermedix spin-out

Rothschild's private equity arm Five Arrows has picked up critical incident preparedness and response software company Juvare from Thomas H Lee Partners.

Antin hits €6.5bn hard cap close for new infra fund as LPs flock to asset class

Antin Infrastructure Partners has surged to a €6.5bn hard cap final close for its fourth flagship fundraise, underlining the extent to which LPs are flocking to more stable asset classes amid the coronavirus outbreak.

Argentum turns Mediant equity into debt amid ‘unprecedent demand’ for company’s platform amid Covid

FinTech Mediant’s investors have injected a further $18.5m into the company to fuel the next stage of its strategic growth.

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.

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.

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.

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