P101 sells stake in Tannico to Campari

Venture capital house P101 has sold its stake in Tannico, an Italian online wine marketplace, to Milan-listed premium spirits specialist Campari Group.

Blackstone slashes already agreed NIBC buyout offer to just over €1bn in wake of coronavirus uncertainty

US private equity giant Blackstone has slashed its previously agreed buyout offer for Dutch bank NIBC by about 25% due to the coronavirus crisis.

Consortium backs €8.8m round for Bepro

Existing investors Altos Ventures and Softbank Ventures have backed a €8.8m round for Germany-based football analytics software Bepro, along with new investors Saehan Ventures, Springcamp and Miraeasset Ventures.

True Ventures powers on with hectic fundraising pace, eyes over $750m across two new funds

True Ventures is already back in the market eyeing more than $750m across a pair of new funds, less than two years after closing its predecessor vehicles in the strategies.

Covid-19 “will test private equity industry like never before” as survey predicts distressed deals, private debt rise

More than 90% of private equity fund managers are predicting a rise in the volume of distressed dealmaking over the next 12 months amid the fallout from the coronavirus crisis - but it may not

Ex-CVC Asia operations director joins CDIB Capital to boost China investment capabilities

Asian private equity investor CDIB Capital has brought former CVC Capital Asian operations director Stephen Li to boost its Chinese investment abilities.

4BIO Capital gets big pharma backing for Fund II raise, eyes $150m for final close

Advanced therapies-focused venture capital firm 4BIO Capital has picked up a strategic investment in its newest fund from specialist pharma and biotech business Kyowa Kirin.

Elliott Management, Siris Capital-backed Travelport hopes to weather coronavirus challenge with up to $1bn of new financing

The private equity arm of activist investor Elliott Management Corp has teamed with Siris Capital to help existing portfolio business Travelport Worldwide weather the coronavirus crisis with up to $1bn of new financing.

Sycamore emerges as potential JC Penney saviour, a month after backing out of Victoria’s Secret buyout

Sycamore Partners is reportedly in talks to buy US department store chain JC Penney out of bankruptcy, just a month after backing out of an agreed buyout of troubled fellow retailer Victoria's Secret.

China property issuers storm dollar market

Chinese real estate borrowers swarmed the international bond market on Wednesday, raising a combined $1.05bn across four transactions.

Opalesque Exclusive: The Corona Fighters Report 41: Asset managers who delivered in the downturn

Bailey McCann, Opalesque New York: This is our regular report on hedge funds and alternative asset managers who are successfully protecting assets and outperforming the markets during the first months of 2020. An impact strategy

Cyprus and EFSF line up Tuesday deals

Cyprus will return to the market with a pair of taps on Tuesday, hitting screens alongside the European Financial Stability Facility’s new five year line, providing an excellent opportunity to compare Cyprus’s cost of funds

Kinderhook Acquires Original One Parts

Kinderhook Industries has acquired Original One Auto Parts. This acquisition is the firm’s 86th acquisition in the automotive aftermarket. Dallas-headquartered Original One Parts is a provider of recycled, refinished, and certified original equipment manufacturer auto parts

Blue Sage Invests In Traffic Control Platform

Blue Sage Capital has acquired Barricades Unlimited, a provider of traffic safety and control products. Barricades Unlimited rents and sells lane markers, barricades, message boards, channelizing devices, work zone signs, and road construction work apparel.

Francisco Closes On $10 Billion

Francisco Partners has held a final closing of three funds, two equity funds and one credit fund, with an aggregate $10 billion of capital. The three new funds are Francisco Partners VI LP with $7.45

Raymond James Expands Investment Banking Team

Raymond James has added Andy Schwartz to its investment banking team as a managing director and co-head of its newly formed commercial and industrial services sector team. Mr. Schwartz has long been active in the

DevCo-backed Medix Biochemica adds-on two US companies

DevCo-backed Medix Biochemica, a Finnish biotech company, has acquired US companies Biostride and East Coast Bio (ECB).

Elephant, Mosaic Ventures lead $18m round for Keelvar

US-based venture capital firm Elephant and London-based peer Mosaic Ventures have led a $18m series-A round for Keelvar, a procurement software developer based in Ireland, along with participation from Paua Ventures.

SEB Alliance leads €13.5m round for Castalie

SEB Alliance, Groupe SEB's corporate venture arm, has acquired a minority stake in Castalie, a French water filtration and carbonating machine maker.

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