ICE swoops on Thoma Bravo’s Ellie May in $11bn buyout to score powerful return for PE firm

US private equity house Thoma Bravo has scored a powerful return through the quick sale of mortgage finance platform Ellie May to ICE, the owner of the New York Stock Exchange.

Private equity trio close in on €2.96n MasMovil takeover as rival bids fail to emerge

A trio of private equity majors look set to complete their agreed €2.96bn buyout of listed Spanish telecoms operator MasMovil after no rival offers for the company emerged.

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.

Genstar Capital splashes out on 71-year-old car wash systems provider Sonny’s Enterprises

Genstar Capital has bought into conveyorised car wash systems business Sonny's Enterprises.

Ares Management raised $9.1bn in Q2 2020 amid Covid-19 volatility

Alternative investment manager Ares Management bagged $9.1bn in new fund commitments in the second quarter of the year despite dealing with the coronavirus fallout.

Avedon Capital strikes €500m in Fund IV raise, sets sights on hard cap

Dutch private equity house Avedon Capital Partners has picked up at least €500m for its latest buyout fundraise, well above the total raised for its predecessor vehicle.

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?

CalPERS reveals surprise resignation of CIO Meng, begins hunt for replacement

Pension giant CalPERS has revealed the surprise resignation of CIO Yu Meng after just 18 months in the role.

Novacap buys into online motorcycle powersports equipment, clothing seller FortNine

Canadian private equity house Novacap has bought a stake in motorbike, ATV and snowmobile online gear, parts and accessories seller platform FortNine.

Ex-Cinven exec Robinson boosts Aberdeen Standard Investments’ European private equity team

Global investment giant Aberdeen Standard Investments has boosted its private equity capabilities by bringing in former Cinven exec Chris Robinson for its European operation.

WM Partners to tap collagen supplement investment experience with Great Lakes Gelatin buyout

Health and wellness-focused private equity house WM Partners has tapped its sophomore fund for the second time to buy into Great Lakes Gelatin Company.

Blackstone acquires family history company Ancestry in $4.7bn deal

Private equity giant Blackstone has acquired family history and genomics company Ancestry in a deal worth $4.7bn.

Black Bay Energy enters the fundraising market for sophomore vehicle

Black Bay Energy Capital, which targets the North America oilfield industry, is looking to raise its sophomore fund.

Blackstone brings in ex-Pfizer CEO, chairman Kindler as newest senior advisor

Global private equity giant Blackstone has brought in former Pfizer CEO and chairman Jeffrey Kindler as its latest senior advisor.

Proskauer releases SPAC IPO study analyzing deal terms and trends for red-hot market

Opalesque Industry Update - Proskauer, an international law firm, released its 2020 SPAC IPO Study. The study examines data from 95 Special Purpose Acquisition Company (SPAC) IPOs priced from January 2016 through June 2020, representing

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.

Buyout-backed Clearwater Analytics eyes $2bn valuation from potential sale – report

Private equity-backed investment management software business Clearwater Analytics is reportedly eyeing a sale which could value the business at $2bn.

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.

Thoma Bravo keeps up dealmaking pace with Foundation Software buyout

US private equity major Thoma Bravo has agreed a buyout of Foundation Software, a provider of construction accounting software and payroll services for small-to-mid-sized specialty contractors.

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