Canva hits $40bn valuation in latest PE, VC investment round, becomes one of world’s biggest private startups

Australian design software company Canva has hit a $40bn valuation through its latest private equity and venture capital-backed investment round, becoming the fifth most valuable private startup in the world. The post Canva hits $40bn

Aldrich Capital hits $450m hard cap for Fund II, just three years after closing debut vehicle

Aldrich Capital Partners has hit the $450m hard cap for its sophomore fundraise, just three years after closing its debut investment fund. The post Aldrich Capital hits $450m hard cap for Fund II, just three

500 Startups rebrands to 500 Global amid push beyond accelerator, seed, closes new $140m fund

Early stage investment major 500 Startups has rebranded to 500 Global amid the $140m final close of its biggest global flagship fund to date. The post 500 Startups rebrands to 500 Global amid push beyond

Eaton Partners EMEA supremo heads to New York, firm brings in two new private funds group directors

Global placement agent major Eaton Partners has brought in two new directors for its private funds group. The post Eaton Partners EMEA supremo heads to New York, firm brings in two new private funds group

ACWA Power opens books on $1bn IPO

The Saudi Arabian power and water company is listing on the Tadawul

KKR backs out of Zooplus buyout contest in wake of Hellman & Friedman boosting bid to €3.29bn

KKR is out of the running for a potential takeover of German online pet supplies retailer Zooplus, easing pressure on fellow private equity suitor Hellman & Friedman. Zooplus said KKR had terminated talks over a potential

Jeb Bush co-founded private equity firm Finback strikes $350m Fund I hard cap close

Finback Investment Partners, a buyout firm launched by former Florida governor Jeb Bush, has raced to a $350m hard cap final close for its debut fund after just three months in the market. The post

Healthcare-focused Amulet Capital clears target with $650m Fund II final close

Healthcare-focused private equity house Amulet Capital Partners has hit a $650m final close for its oversubscribed second fundraise. The post Healthcare-focused Amulet Capital clears target with $650m Fund II final close first appeared on AltAssets

HIG veteran Black steps back as HIG Growth head, Hilleboe and new hire Hiatt named co-heads

HIG Growth Partners has promoted Scott Hilleboe to co-head to work alongside new hire and fellow co-head Ross Hiatt. The post HIG veteran Black steps back as HIG Growth head, Hilleboe and new hire Hiatt

Bridgepoint adds Achilles to Fund IV portfolio amid global supply chain pressure

UK private equity firm Bridgepoint Development has tapped its fourth flagship fund to acquire supply chain risk management company Achilles. The post Bridgepoint adds Achilles to Fund IV portfolio amid global supply chain pressure first

Consumer-focused Traub Capital celebrates debut fund close

Consumer-focused investment house Traub Capital Partners has brought its assets under management to about $173m through the final close of its debut fund. The post Consumer-focused Traub Capital celebrates debut fund close first appeared on

Thomas H Lee Partners buys into asset finance software business Odessa

Thomas H Lee Partners has picked up asset finance software specialist Odessa to build out the business. The post Thomas H Lee Partners buys into asset finance software business Odessa first appeared on AltAssets Private

Verdane seals second UK GP-to-GP portfolio buy by picking up trio of Langholm Capital assets

Northern European private equity specialist Verdane has bought a trio of consumer brands from UK buyout house Langholm Capital. The post Verdane seals second UK GP-to-GP portfolio buy by picking up trio of Langholm Capital

Biggest cyber IPO of the year could arrive next week as Permira-backed Exclusive Networks eyes €2.1bn valuation

The biggest cyber IPO of 2021 could be here next week, with Permira-backed Exclusive Networks revealing it is eyeing a valuation of up to €2.1bn. The post Biggest cyber IPO of the year could arrive

Azelis covers jumbo IPO on day one

The Belgian food ingredients and speciality chemicals company is proceeding quickly with home listing

Blackstone said to engage Goldman Sachs to auction off Schenck Process in €1.4bn deal

Global buyout giant Blackstone is working with Goldman Sachs to auction off portfolio company Schenck Process in a potential €1.4bn deal, 12x the company’s full year core earnings of about €120m. The post Blackstone said

BGV hires veteran pair to boost life science investment expertise

Early-stage European biopharma investment specialist BioGeneration Ventures has named Keno Gutierrez as a partner and Wouter Verhoeven as a venture partner. The post BGV hires veteran pair to boost life science investment expertise first appeared on

Apollo in talks to buy European PVC production major Kem One

Global buyout giant Apollo has entered exclusive talks to buy European PVC producer Kem One. The post Apollo in talks to buy European PVC production major Kem One first appeared on AltAssets Private Equity News.

Cerberus seals double-buyout of mattress makers Brooklyn Bedding, Helix Sleep

US private equity major Cerberus Capital Management has agreed the double-buyout of mattress makers Brooklyn Bedding and Helix Sleep. The post Cerberus seals double-buyout of mattress makers Brooklyn Bedding, Helix Sleep first appeared on AltAssets

Pictet strikes $350m hard cap for debut tech-focused PE fundraise, new healthcare/biotech vehicle coming soon

Pictet Alternative Advisors has hit a $350m hard cap final close for its debut thematic private equity fund focused on technology. The post Pictet strikes $350m hard cap for debut tech-focused PE fundraise, new healthcare/biotech vehicle

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