Euro VC investor Target Global nears second growth fund goal through €300m-plus first close

Pan-European investment house Target Global is in sight of its target for its new growth fundraise after hauling in over €300m for a first close.

Novacap teams with Canada state-backed Investissement Quebec for Logibec buyout

Canadian private equity house Novacap has teamed with state-backed Investissement Québec to buy Logibec, a Montreal-based healthcare software company.

Sequoia Capital’s Michael Moritz named new Klarna chairman as company prepares for IPO

Klarna has hinted that it’s preparing to go public soon and now the founder is saying the new chairman and board members will be a huge help in that.

Outlook negative for global asset management industry in 2021 amid wavering investor appetite for risk: Moody’s

A wavering investor appetite for risk and a deteriorating competitive environment are leading to a negative outlook for the global asset management industry next year, new research from Moody's shows.

Greenbriar Equity promotes Burke to managing director after 10 years with firm

New York investment house Greenbriar Equity Group has promoted Matthew Burke to managing director after a decade with the firm.

CenterOak Partners exits FullSpeed Automotive to MidOcean Partners after three-year hold

CenterOak Partners has sold FullSpeed Automotive to fellow private equity investor MidOcean Partners after three years in its portfolio.

Hot dog, sausage maker Salm Partners gets Entrepreneurial Equity Partners backing

Sausage and hot dog maker Salm Partners has picked up investment from food and consumer packaged goods-focused private equity house Entrepreneurial Equity Partners.

Venture capital firms help cybersecurity platform EclecticIQ to $20m Series C

Global threat intelligence, hunting and response technology developer EclecticIQ has scored €20m in its Series C round.

Arcano Capital cites ‘favourable market timing’ amid €292m sustainability fund close

Spain's Arcano Capital has hit a €292m final close for a new fund of funds targeting sustainable infrastructure investments.

AIIM expands third flagship Africa infra fund to $400m through capital increase

African Infrastructure Investment Managers has brought its third flagship pan-continental infra fund to $400m through a capital increase.

Danish pension giant PKA reveals $3.5bn private equity investment plan

Danish pension fund investor PKA said it plans to launch a DKK22bn ($3.5bn) fund for investing in private equity vehicles.

Former teen startup founder Josh Buckley eyes up to $200m for second venture capital fundraise

Buckley Ventures, the early-stage investment firm launched by former teenage entrepreneur Josh Buckley, could collect up to $200m for its second fund.

Castle Harlan completes refinancing of Tensar

New York-based private equity firm Castle Harlan has completed a $295m refinancing for its portfolio company Tensar.

Blackstone closes acquisition of credit investing firm DCI

American private equity firm Blackstone has completed the acquisition of quantitative credit investing platform DCI.

Norwegian private equity firm Longship said to close its sophomore fund

Norwegian private equity firm Longship has reportedly closed its sophomore buyout fund on NOK 1.7bn (€160m).

Progressio acquires 30% in CRM platform Assist Digital

Private Equity Fund Progressio Investimenti III has acquired a 30% stake in Assist Digital, a customer relationship management (CRM) and business transformation platform.

Intact Financial Corporation completes a CAD 3.2bn private placement from trio of pension firms

Intact Financial Corporation has completed a CAD 3.2bn ($2.5bn) private placement from a number of Canadian Pension firms.

STC Pay said to become Saudi Arabia’s first unicorn after close of new round

Saudi Arabia-based STC Pay, digital payment solution developer, has reportedly reached a $1.3bn valuation after the close of a $200m investment.

GP-backed Diaverum scraps plans for IPO

Bridgepoint-backed Swedish renal clinic operator Diaverum has scrapped its plans for an IPO, two weeks after it announced its intention to float on Nasdaq Stockholm.

IPOs Surge While Market Tightens, But Opportunities Remain

Posted by John J. Mahon and Eleazer Klein, Schulte Roth & Zabel LLP, on Sunday, November 29, 2020 Editor's Note: John J. Mahon and Eleazer Klein are partners at Schulte Roth & Zabel LLP. This

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