Novacap strikes debut deal from first financial services fund with Optiom buyout

Canadian private equity house Novacap has picked up a majority stake in Optiom, a specialty insurance managing general underwriter and provider of vehicle replacement coverage.

CD&R hauls in about $12bn for its biggest buyout fund yet

Private equity major Clayton Dubilier & Rice is within touching distance of its $13bn goal for its biggest-ever buyout fundraise.

Sagard launches new European small-cap fund targeting healthcare, tech deals

Alternative asset manager Sagard Holdings has launched a new European small-cap fund focused on the healthcare and technology sectors.

PE-backed e-commerce platform Allegro prepares IPO

The Polish company is owned by private equity groups Permira, Cinven and Mid Europa Partners

Pandemic-resilient Chinese healthcare companies in Investcorp’s sights with launch of new platform

Alternative investment major Investcorp has launched a new platform dedicated to backing Chinese healthcare companies.

Private equity trio prepare to profit from what could be Poland’s biggest IPO

A private equity bet on Polish e-commerce retailer Allegro is set to pay off handsomely after the company said it was eyeing a valuation of up to €12bn through an IPO.

ESR Korea Reit pockets W357bn from IPO

ESR Kendall Square real estate investment trust is set to debut on South Korea’s main board this month, having wrapped up the final stage of a W357bn ($329m) IPO.

Neusoft wins approval for Hong Kong listing

Neusoft Education Technology, a private higher education provider, got the go-ahead for its IPO this week from the Hong Kong Stock Exchange.

Experienced Chicago private equity player Benford Capital seals $130m debut fund close

Longstanding Chicago private equity house Benford Capital Partners has beaten its target for its debut fundraise by reaching a $130m final close.

Technology Crossover Ventures gets DCRB backing for latest flagship fundraise

Tech-focused private equity house Technology Crossover Ventures is back in the market with its latest flagship fundraise - and has picked up a commitment from the District of Columbia Retirement Board.

Struggling Saga takes aim at former private equity owners over ‘dramatic’ debt increase, short-term decision making

The former private equity owners of UK insurance and travel specialist Saga have come under fire from the business for saddling it with large amounts debt.

Serve Capital passes $50m mark for third flagship fund of funds raise

Fund of funds investor Serve Capital has hauled in close to $52m for its third flagship fundraise.

Lone Star said to eye American Bath Group exit at up to $2bn valuation

Lone Star Funds is reportedly exploring a potential sale of American Bath Group that could value the bathtub and shower maker at up to $2bn.

Masmovil’s €2.96bn PE buyout moves nearer after enough stockholders give support to deal

A trio of private equity majors have moved a step closer to taking over listed Spanish telecoms operator MasMovil after the owners of more than half its shares gave the green light to the buyout.

CPPIB names first ever CIO as it eyes $1tn of assets under management

The $434bn-managing Canada Pension Plan Investment Board has named Edwin Cass as its first dedicated chief investment officer.

Berkshire Partners teams with food industry veteran Vélez-Bautista to launch El Dorado Foods

Boston-based buyout house Berkshire Partners has teamed with veteran food business executive Javier Vélez-Bautista to launch Latin food and drink-focused El Dorado Foods.

Sunac Services taps market for Hong Kong IPO

Chinese property manager Sunac Services Holdings has hit the road for its Hong Kong listing, eyeing HK$8.7bn ($1.1bn) in fresh equity.

Ares-backed Volery Capital buys into clean energy-focused asset manager Sustainable Development Capital

Ares Management-backed Volery Capital Partners has completed a growth equity investment in clean energy and project development asset manager Sustainable Development Capital.

Baring Private Equity Asia seals Virtusa take-private at about $2bn valuation

Baring Private Equity Asia has agreed a buyout of digital engineering and IT specialist Virtusa in a deal which values the business at about $2bn.

ParkerGale picks up workload automation software business SMA Technologies

Chicago-based private equity house ParkerGale has bought a majority stake in workload automation software business SMA Technologies.

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