Blackstone, CVC set for $9bn Paysafe sale to SPAC, three years after £3bn buyout

Blackstone and CVC Partners are set to roughly triple their money after announcing the $9bn sale of payments company Paysafe to Foley Trasimene Acquisition Corp II.

Blackstone and CVC triple money on Paysafe sale

The deal, which includes a $2bn private placement, is valued at $9bn

Sixth Street Partners eyes brightening European debut investment market with up to €1bn fundraise

Former TPG credit arm Sixth Street Partners is out raising up to €1bn for a new direct lending fund as it looks to profit from market conditions caused by the Covid-19 crisis.

Mark Carney identifies ‘three lies of finance’ to resist and avoid the next financial crisis

The ex-governor of the Bank of England wants an anti-fragile financial system

VC firms line up to back Orca Security’s $55m Series B round

Israel-based Orca Security has netted $55m in its Series B round, which was led by ICONIQ Growth.

Sequoia Capital leads $30m Salt Security Series B round

API security company Salt Security has scored $30m in a Series B round led by Sequoia Capital - its second funding round of the year.

Forbion flies to €460m hard cap fund close in just weeks following recent exit success

European life science venture capital firm Forbion has sealed its fastest fundraise to date after hitting the €460m hard cap for its latest investment vehicle in just a few weeks.

Ada Ventures seals hard cap-busting $50m debut fund close to back overlooked founders

Ada Ventures, the VC firm launched last year to profit from overlooked founders and impact deals, has scored an above-hard-cap $50m final close for its debut fund.

Comment: The financial equivalent of a vaccine

Many developing countries’ hands are tied by higher borrowing costs when considering fiscal stimulus to combat the Covid-19 crisis

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