Zurich-based private equity firm Evoco races towards €150m Fund III target through first close

Zürich-based private equity house Evoco is almost two-thirds of the way to its €150m target for Fund III through a first close.

Swedish institutions to target coronavirus-hit businesses with new SEK3.5bn investment company

Swedish pension fund AMF, bank SEB and foundation-backed asset manager FAM have launched an SEK3.5bn investment company to back Swedish businesses struggling to make it through the coronavirus crisis.

VC Profile: Apex Partners

Austria-headquartered Apex Ventures is on the road for its second fund, focusing on digital health startups. Wolfgang Neubert and Kelly Klein talk to Harriet Matthews about the VC's current strategy and the future of healthtech

Facebook plans multimillion-dollar VC fund

The company has made several successful outright acquisitions of start-ups in the past, including Instagram and WhatsApp

Software development platform Postman hits $2bn valuation through Insight Partners-led round

API development platform Postman has soared to a $2bn valuation thanks to a Series C investment round led by private equity and venture capital firm Insight Partners.

IFC shifts ESG focus onto banks with new dealer scorecards

The International Finance Corporation (IFC) has launched the first systematic process by an issuer to formally integrate environmental, social and governance (ESG) considerations into choosing its bookrunners. Senior funding officials and sustainability bankers have welcomed

SRI bond frameworks could come after deals

Participants in the sustainable bond market are considering allowing issuers to publish their sustainability frameworks after issuing bonds, instead of before. This would be a major change in market practice.

Radiance and Powerlong add to debt coffers

Chinese property companies continued to pile in to the dollar bond market on Wednesday, with Radiance Group Co and Powerlong Real Estate Holdings using up their remaining fundraising quotas.

EQT signs biggest ever ESG-linked subscription credit facility

Sweden’s EQT, the private equity company, has signed the largest ever environmental, social and governance (ESG)-linked subscription credit facility, raising hopes that the structure could become more common among PE firms.

Sofinnova Partners sells its stake in Corvidia in $2.1bn deal

Life sciences venture capital firm Sofinnova Partners has sold its portfolio company Corvidia Therapeutics to Novo Nordisk for $2.1bn.

Capital Partners Buys MicroCare

Capital Partners has acquired MicroCare, a manufacturer of fluids and tools used for cleaning, coating, and lubrication. The buy of MicroCare was made through Capital Partners Private Equity Income Fund III LP, a $600 million

Kinderhook Closes First Chemtron Add-On

Chemtron Corporation, a portfolio company of Kinderhook Industries, has acquired Vexor Technology, a provider of non-hazardous waste processing services and alternative energy products. The buy of Vexor is the first add-on acquisition for Chemtron since

PE and distressed debt most popular strategies among private investors – survey

Three-fifths of high net worth investors said they are ready to support small and medium-sized British businesses

EQT takes out largest ESG-linked fund-level credit line

The borrowing facility is currently at €2.3bn and has an upper limit of €5bn

Private equity’s energy investments fighting to stay afloat

The latest oil price downturn threatens to push a growing number of already challenged private equity-backed shale drillers closer to bankruptcy if not directly into it

Spain’s Ysios hits €155m for third life sciences fund, could raise up to €200m

Spanish early stage investment house Ysios Capital has hit €155m for its third life science fund - and could go as high as €200m for the vehicle.

Goldman Sachs et al. back $27m round for H4

JP Morgan, Goldman Sachs Growth, Barclays Ventures and law firm Linklaters have backed a $27m round for document digitisation and analysis platform H4, obtaining a minority stake in the business.

LPs give thumbs up to video pitches for fundraising, praise GP engagement via ‘Covid calls’

The vast majority of private equity LPs are seeing proactive engagement from GPs on the impact of the coronavirus crisis on their portfolios, new research shows.

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