Yahsat entices funds with compelling yield

The IPO of Al Yah Satellite Communications Co, the Abu Dhabi satellite company, is covered throughout the initial price range, on a 30% deal size, according to sources close to the deal.

Korea IPO wrap: Kakao Pay pre-markets, Krafton scales back $5bn target

South Korea’s busy IPO market is continuing to pump out deals, with the latest listings coming from Kakao Pay and Covid-19 test maker SD Biosensor. But issuers still have to be realistic, as Krafton found

Cnova and GreenYellow pick IPO banks

Bank syndicates have been appointed for two of the equity capital markets deals expected in the autumn: the capital increase of e-commerce platform Cnova and the IPO of GreenYellow, the renewable energy business. Both are

Del Monte Philippines delays $886m IPO

Canned fruit and vegetables producer Del Monte Philippines has put its IPO on hold due to a jump in volatility and renewed Covid-19 lockdowns in the country.

China-US IPOs face disruption – but will emerge stronger

The US regulator’s demand for more disclosures from Chinese companies planning New York listings may be a death knell for the flow of IPOs between the two markets — but it could go a long

Adani Wilmar, Nykaa ready Indian listings

Indian agribusiness company Adani Wilmar has filed draft documents with the securities regulator for a Rp45bn ($605.6m) IPO.

Partners Group picks up Parmaco from Terra Firma, Metric Capital after three-year hold

Private equity investor Partners Group has agreed a buyout of modular education building developer Parmaco from a consortium led by European private equity firms Terra Firma and Metric Capital.

Birkenstock sold in €4bn L Catterton-backed deal after record results in 250-year history

Iconic sandalmaker Birkenstock has sold a majority stake in itself to consumer-focused private equity firm L Catterton in a €4bn deal amid the company reporting a record year despite the Covid-19 crisis.

Core Industrial Partners celebrates rapid virtual fundraise success with hard-cap-beating $465m Fund II close

Chicago private equity firm Core Industrial Partners has become the latest buyout house to hit fundraising success through an entirely virtual process, racing to a $465m one-and-done Fund II close in less than four months.

Resolute Capital Partners names EnergyFunders co-founder Minshew to new president of energy role

Private equity firm Resolute Capital Partners has brought in energy, finance and tech industry veteran Casey Minshew for its newly-created role of president of energy.

Bessemer names longtime Amazon senior exec Blackburn as new partner amid $3.3bn double fund close

Early stage investment giant Bessemer Venture Partners has scored another huge flagship fundraise, hauling in $3.3bn across Fund XI and a new growth-stage vehicle.

JMI Equity ups target for tenth flagship software-focused private equity fund

Software-focused private equity firm JMI Equity has upped its fundraising goal for its tenth flagship fund to $1.7bn.

Groupon billionaire Lefkofsky’s venture capital firm Lightbank doubles AUM through $180m Fund II close

Lightbank, the venture capital firm co-founded by Groupon billionaire Eric Lefkofsky, has doubled its assets under management through a $180m final close of its second fund.

Virgin wines prices IPO, set for £110m float

Virgin Wines, a UK-based online wine retailer backed by Mobeus Equity Partners and Connection Capital, has priced its upcoming AIM listing at 197 pence per share.

Peterson Partners seals second fund close of 2021 by raising its biggest-ever flagship vehicle

Veteran private equity investor Peterson Partners has closed its second fund of the year by hauling in $225m for its biggest-ever flagship investment vehicle.

Oak HC/FT raises $1.4bn to leverage huge digital adoption shift in wake of Covid-19

Healthcare and fintech investor Oak HC/FT has raised a new $1.4bn fund as it looks to profit from an accelerating shift in digital adoption fuelled by the Covid-19 pandemic.

Blackstone’s booming secondaries arm said to eye another $15bn across two new fundraises

Blackstone’s $38bn secondaries unit Strategic Partners is reportedly eyeing up to $15bn across a pair of new secondaries private equity funds.

Which alternatives sectors have seen a rally in secondaries pricing – and which are falling short?

Secondaries fund prices have rallied across a string of alternatives in the last quarter of 2020 according to new data from Setter Capital - but several asset classes are still feeling the pinch amid ongoing

Hellman & Friedman picks up PennSERS backing as Fund X said to draw near huge close

The $34.5bn-managing Pennsylvania State Employees’ Retirement System has picked private equity major Hellman & Friedman for its latest buyout fund commitment.

Synova scores 4.5x return selling wealth manager Fairstone to TA after huge EBITDA, AUM growth

Private equity house Synova has scored an impressive 4.5x return selling UK wealth manager Fairstone Group to buyout major TA Associates.

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