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Category: GP News

GED Capital becomes majority shareholder in Comess Group

Private equity group GED Capital has invested in Comess Group S.L. through its fund GED VI Spain, becoming the company’s majority shareholder in the process. Founded in 1988, Comess Group is a restaurant group that

Gryphon acquires Right Time Heating and Air Conditioning

Middle-market private equity firm Gryphon Investors has acquired Right Time Heating and Air Conditioning from investor Clairvest Group. Right Time’s management will remain with the company and retain a significant equity stake. Financial terms of

BlackRock lowers expectations on its private equity fund goals

Having only managed to source roughly a third of its $12bn fundraising goal, BlackRock has now set its sights significantly lower. The investment giant now plans to raise between $4bn and $6bn in total over

Aksia hires industry veteran as managing director

Aksia has hired investment veteran Chris Thorne as managing director for private equity and real assets research in its London office. Before stepping into his new role, Thorne has clocked up more than 15 years

MPE Partners closes new fund at the hard cap of $420m

Morgenthaler Private Equity has closed its oversubscribed third fund MPE Partners III at the hard cap of $420m. MPE Partners, which is a lower middle market private equity firm based in Cleveland, launched fundraising in

H.I.G. Capital invests in KM2 Solutions

An affiliate of leading alternative investment firm H.I.G. Capital has made an equity investment in KM2 Solutions, a business process outsourcing provider with an extensive footprint throughout the Caribbean and Latin America. Through the deal,

Morgan Stanley names new head of its alternative investment unit

Neha Champaneria Markle has been named as the new head of Morgan Stanley Investment Management’s Alternative Investment Partners private markets solutions. She will take on the new responsibilities in January while retaining her role as

$60bn Los Angeles pension fund is looking for new private equity firm

Los Angeles County Employees Retirement Association is planning to launch a request for proposal for a private equity consultant before the end of January. The news comes after the $60bn pension fund’s contract with Stepstone

Thoma Bravo invests in Zipari

Private equity firm Thoma Bravo has invested in consumer experience venture Zipari in a round that puts the company’s valuation close to $500m. On the back of the raise, Zipari will be able to serve

Pamplona Capital Management buys Signature Foods

IK Investment Partners has sold Dutch chilled convenience food company Signature Foods to Pamplona Capital Management. The two London-based private equity firms did not disclose the details of the deal. “We are incredibly proud of

NAXS invests $2.3m into Equip Capital Fund I LP

Nordic investor NAXS has made an investment commitment of $2.3m to the private equity buyout fund Equip Capital Fund I LP. Equip is a new private equity manager established by an Oslo-based team with background

CapVest Partners buys Inspired Pet Nutrition from L Catterton

Private equity firm L Catterton has entered into a definitive agreement to sell pet food platform Inspired Pet Nutrition to CapVest Partners. Terms of the transaction were not disclosed. Inspired Pet Nutrition is best known

Beech Tree Private Equity has set aside up to £40m for a wealth management deal

Beech Tree Private Equity has reportedly set aside between £10m and £40m for an investment into an unnamed wealth management company. The deal will support the businesses growth across England and Scotland, according to FT

Signature Aviation accepts Blackstone’s $4.3bn offer

After it was revealed last week that Blackstone had offered to buy Signature Aviation for $4.3bn, the UK company has now accepted the deal. The deal means that Blackstone will pay $5.17 per share for

These private equity firms expect to cash in on Ant Group’s upcoming IPO

Ant Group’s upcoming IPO could make some private equity firms a lot of money. Private equity firms Silver Lake, Warburg Pincus, Carlyle Group and General Atlantic have previously put money into the Chinese giant, according

Thoma Bravo collects $22.8bn in new raise for three funds

From: RegTech Analyst Private-equity firm Thoma Bravo has raised $22.8bn to three tech-focused funds, making it one of the largest fundraising hauls ever, according to the Wall Street Journal. The Chicago-based firm has previously bought

Apollo Global Management investor faces backlash over Jeffrey Epstein ties

From: FinTech Global An investor who’ve previously backed FinTech companies is facing a revolt due to his ties with convicted sex offender Jeffrey Epstein. Leon Black is the chairman, CEO and founder of Apollo Global

Charlesbank Capital Partners smashes its $500m target by raising $700m for its Credit Opportunities Fund II

Middle-market private equity firm Charlesbank Capital Partners has closed its Charlesbank Credit Opportunities Fund II after crushing its $500m target by receiving LP commitments in excess of its $700m hard cap. The new round is

Abry Partners acquires majority stake in HealthEZ

Private equity firm Abry Partners has acquired a majority stake in HealthEZ, an independent third-party administrator (TPA) of self-funded medical plans, adding the company to its growing portfolio of healthcare services investments. Abry’s investment is

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