Ampersand-backed Alliance Pharma to acquire LGC’s Drug Development Solutions Business (“DDS”) and welcomes KKR as joint shareholder

Malvern, PA, Cambridge, UK, and Sandwich, UK, May 17, 2022 – Alliance Pharma, a US-based Bioanalytical CRO and an Ampersand portfolio company, has agreed to acquire DDS, a UK-based Bioanalytical Business Unit of LGC. KKR

Academic Research
The Most Curious Rule Proposal in Securities and Exchange Commission History

The Most Curious Rule Proposal in Securities and Exchange Commission History

Posted by Joseph Grundfest (Stanford University), on Tuesday, May 17, 2022 Editor's Note: Joseph A. Grundfest is William A. Franke Professor of Law and Business at Stanford Law School. This post is based on his

Angel / Venture
Apollo buys minority stake in life sciences investor Sofinnova

Apollo buys minority stake in life sciences investor Sofinnova

Private equity firm Apollo has taken a minority stake in French venture capital investor Sofinnova Partners, becoming the latest large ticket house to swoop into life sciences.

Nordic Capital reportedly strikes €7.9bn Fund XI first close, well above previous flagship fund total

Nordic Capital has reportedly reached almost €8bn of capital for its latest flagship private equity fundraise, far outstripping the €6.1bn it collected for its predecessor vehicle. The post Nordic Capital reportedly strikes €7.9bn Fund XI

General Partners
Nord Holding hires Ufenau’s Kukwa

Nord Holding hires Ufenau’s Kukwa

Nord Holding has announced the appointment of Christian Kukwa as principal; Kukwa joins the Germany-based GP from Ufenau Capital Partners.

CVC ends potential A$20bn Brambles takeover discussion

CVC has walked away from a potential A$20bn Brambles takeover deal that was announced just a day ago. The post CVC ends potential A$20bn Brambles takeover discussion first appeared on AltAssets Private Equity News.

Apollo buys into European life science investment major Sofinnova Partners, agrees up to €1bn of fund commitments

Global buyout giant Apollo has bought a minority stake in European life sciences investment major Sofinnova Partners, as well as agreeing to commit up to €1bn to its funds. The post Apollo buys into European

Angel / Venture
Earlybird holds EUR 350m final close for Digital West VII

Earlybird holds EUR 350m final close for Digital West VII

Germany-headquartered Earlybird Venture Capital has held a final close for Earlybird Digital West VII on its EUR 350m hard-cap.

Andera Partners reaches €450m for second mid-cap fundraise since spin-out from Edmond de Rothschild

European private equity house Andera Partners has struck a €450m first close for its fifth flagship fundraise, putting it well on the way to its €600m goal. The post Andera Partners reaches €450m for second mid-cap fundraise

Appointments
Argos Wityu appoints head of ESG

Argos Wityu appoints head of ESG

Switzerland-based sponsor Argos Wityu has appointed Jessica Peters as head of ESG to be based in its Brussels office.

Ardian looks to expand cloud tax compliance business Taxually after huge 2021 growth

Global investment giant Ardian has bought a minority stake in Taxually, a cloud-native tax compliance software company formed by a trio of ex-KPMG execs. The post Ardian looks to expand cloud tax compliance business Taxually

Manufacturing and Industrial
PAI Partners to sell Perstorp to Petronas subsidiary

PAI Partners to sell Perstorp to Petronas subsidiary

PAI Partners has agreed to sell Sweden-based specialty chemicals group Perstorp to Malaysia-based Petronas Chemicals Group (PCG) for EUR 2.3bn.

KKR marks historic 10x returns with $3bn CHI exit deal

KKR has made its largest return in recent history agreeing to exit CHI Overhead Doors to Nucor Corporation at 10x returns in a $3bn valuation deal. The post KKR marks historic 10x returns with $3bn

Institutional investors flock to HSBC AM’s direct lending offering

HSBC Asset Management’s UK-focused direct lending arm has attracted $1bn in commitments from institutional investors in its first year. The post Institutional investors flock to HSBC AM’s direct lending offering first appeared on AltAssets Private

Clearlake gets PSERS backing for new opportunities fundraise, Oak HC/FT back with Fund V

The $73.3bn-managing Pennsylvania Public School Employees’ Retirement System has reportedly picked Clearlake Capital and Oak HC/FT's latest funds for $200m of new commitments. The post Clearlake gets PSERS backing for new opportunities fundraise, Oak HC/FT

Europe
Podcast: In conversation with… Mark Corbidge, Sun European Partners

Podcast: In conversation with… Mark Corbidge, Sun European Partners

Unquote hosts Sun European Partners managing director Mark Corbidge to discuss the development of the GP's strategy and where its priorities lie in 2022.

M&A
NFP Strengthens its P&C Specialty Business with a Distinct Focus…

NFP Strengthens its P&C Specialty Business with a Distinct Focus…

Ongoing integration of Thompson Flanagan significantly broadens NFP’s M&A complex risk solutions for private equity firms and their portfolio companies(PRWeb May 17, 2022)Read the full story at https://www.prweb.com/releases/nfp_strengthens_its_p_c_specialty_business_with_a_distinct_focus_on_private_equity/prweb18678526.htm

KKR and C.H.I. Employees Prove ‘Ownership Works’ With Sale of C.H.I. Overhead Doors to Nucor

KKR and its Investors Earn 10x Return All Employees Earn Significant Payouts From Equity NEW YORK & ARTHUR, Ill.--(BUSINESS WIRE)-- KKR, a leading global investment firm, today announced the signing of an agreement to sell

Proposed SEC Rule on Private Fund Advisers

Posted by William W. Clayton (Brigham Young University), on Monday, May 16, 2022 Editor's Note: William W. Clayton is an Associate Professor at Brigham Young University Law School. This post summarizes his recent comment letter

Appointments
General Atlantic hires Inditex’s Isla as global senior advisor

General Atlantic hires Inditex’s Isla as global senior advisor

Global growth equity firm General Atlantic has hired former Inditex Executive Chairman Pablo Isla to support its consumer and technology investments.

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