Ex-Mastercard CEO, president Lockhart brings expertise to Blackstone as senior advisor

Former Mastercard president and CEO Gene Lockhart has been hired by Blackstone as a senior advisor, with a focus on the firm's growth equity and opportunistic investment units.

Torstar gets the green light to acquire Nordstar Capital

Torstar Corporation has announced that the Ontario Superior Court of Justice has approved its plan to acquire private equity firm NordStar Capital LP. Through the deal, Torstar will become the owner of all NordStar’s issued

Antin hits €6.5bn hard cap close for new infra fund as LPs flock to asset class

Antin Infrastructure Partners has surged to a €6.5bn hard cap final close for its fourth flagship fundraise, underlining the extent to which LPs are flocking to more stable asset classes amid the coronavirus outbreak.

Apollo, other PE houses said to be wary of debt-heavy Europcar buyout amid Covid-19 uncertainty

Private equity firms including Apollo Global reportedly remain wary of investing in troubled car rental business Europcar amid owner Eurazeo asking for last-ditch bids ahead of a potential restructuring.

Carlyle passes $1.84bn for second ‘long-dated’ private equity fundraise

Private equity giant Carlyle has raised at least $1.84bn for its second 'long-dated' investment fund, four years after closing its inaugural vehicle in the strategy.

Ex-Gores Group pair beat $300m goal to close debut Gallant Capital Partners fundraise

A new private equity firm launched by a pair of former Gores Group investment execs has soared past its $300m fundraising goal for the final close of its debut investment vehicle.

TPG launches US, Europe secondaries strategy, bring in ex-CPPIB secondaries head Woolhouse to lead

Private equity major TPG has snapped up CPPIB's head of secondaries to launch its secondaries strategy in the US and Europe.

Investcorp follows biggest European CLO raise of 2020 so far with €250m follow-up fund

Investcorp has hit a €250m final close for its second CLO fund of the year to bring its total assets under management in the asset class to more than €7bn.

Financial services private equity specialist AnaCap promotes trio to partner

Financial services-focused private equity specialist AnaCap Financial Partners has promoted a trio of long-serving executives to partners.

Banking fintech Thought Machine hits $125m for expanded Series B round

Cloud-native core banking technology firm Thought Machine has secured an additional $42m to its Series B, bringing the round’s total value to a hefty $125m.

Private equity giants said to circle Rolls Royce’s Spanish aerospace parts unit, deal could hit £1bn – report

Private equity giant KKR, Carlyle and Blackstone are reportedly circling Rolls Royce's £1bn Spanish business ITP Aero.

SK Capital seals ‘tremendous opportunity’ in Baker Hughes polymers carveout

Private equity house SK Capital Partners has agreed to buy the speciality polymers business from Baker Hughes.

Spain’s Azora bets on European hotel recovery post-Covid, raises €680m for new fund

Spanish private equity real estate investor Azora has beating its €600m target in a new fundraise focused on leisure hotels in Europe.

Covid testing, microbiology and viral lab specialist ALG sold by Thompson Street Capital Partners

Thompson Street Capital Partners has completed the sale of Analytical Lab Group, an industry-leading microbiology and viral lab, to trade buyer Element Materials Technology.

Private equity returns surge as coronavirus causes ‘sugar rush’ of demand in some sectors – PwC

US private equity return multiples have surged this year after the global coronavirus pandemic caused a 'sugar rush' of sudden demand in certain sectors, new research shows.

Global gym operator CrossFit gets private equity backing from Berkshire Partners

Boston-based buyout house Berkshire Partners has agreed to pick up global gym operator CrossFit.

LDC backs triple merger to create new UK cloud managed services business Kerv

UK private equity investor LDC has provided the capital for the £30m merger of a trio of cloud-centric management services companies.

Fintech, software expert Hess named latest WCAS operating partner

Tech and healthcare-focused private equity house Welsh Carson Anderson & Stowe has named software and fintech expert Pete Hess as its latest operating partner.

GoldPoint Partners co-founder Schumacher joins WM Partners as senior advisor

Mid-market private equity house WM Partners has named Goldpoint Partners co-founder John Schumacher as a senior advisor.

Madison Dearborn nears $4.5bn Fund VIII goal

Madison Dearborn is within touching distance of its $4.5bn goal for its eighth flagship fundraise after passing the $4bn mark for the vehicle.

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