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Category: Fintech and Finance

Tikehau, Unilever, Axa form EUR 1bn impact fund

Tikehau Capital, consumer conglomerate Unilever and insurance company Axa have announced the launch of a regenerative agricultural fund with a EUR 1bn target.

Carlyle to buy into NSM Insurance at $1.775bn valuation

Global buyout giant Carlyle has agreed to buy NSM Insurance Group from  White Mountains Insurance at a valuation of $1.775bn. The post Carlyle to buy into NSM Insurance at $1.775bn valuation first appeared on AltAssets

Resolution Ventures reaches first close for new fintech fundraise – report

Singapore-based venture capital firm Resolution Ventures has reportedly held the first close of its new $20m investment fund. The post Resolution Ventures reaches first close for new fintech fundraise – report first appeared on AltAssets Private Equity

Aquiline almost doubles predecessor to close Technology Growth Fund II on $365m

Fintech-focused investor Aquiline Capital Partners has held a final close of Aquiline Technology Growth Fund II on $365m of commitment, nearly doubling the close of the first fund. The post Aquiline almost doubles predecessor to close Technology

Force Over Mass leads GBP 115m round for Outfund

Force Over Mass (FOM) has led a GBP 115m Series A equity capital and debt funding round for UK-based fintech company Outfund. The fundraising also saw the participation of PostFinance, 1818 Venture Capital, and Tribe

Musk Says He Has the Means to Buy Twitter, but Investors Aren’t So Sure

Elon Musk could pledge his Tesla shares, borrow from banks or team up with private equity to raise the funds. Each option comes with caveats.

Kotak Mahindra PE arm said to be raising a $1.5bn India-focused special opportunities credit fund

Kotak Investment Advisors, the private equity arm of Indian banking giant Kotak Mahindra Group is said to be back in the market for a $1.5bn fundraise, 50% increase from its predecessor. The post Kotak Mahindra

Goldman Sachs, B Capital lead new funding round in Newfront at £2.2bn valuation

Goldman Sachs Asset Management and B Capital have led a new funding round in insurance brokerage platform Newfront boosting at a £2.2bn valuation. The post Goldman Sachs, B Capital lead new funding round in Newfront

Parcom prepares insurance provider TAF for exit

TAF is being prepared for sale by its private equity backer Parcom, which has hired Rothschild to oversee its exit from the Netherlands-based insurance provider, four sources familiar with the situation said.

KKR Invests in Shriram General Insurance

JAIPUR, India--(BUSINESS WIRE)-- KKR, a leading global investment firm, and Shriram General Insurance Company (“Shriram General Insurance”, “SGI” or “the Company”), a leading general insurance company backed by Indian financial services conglomerate Shriram Group and

KKR to buy 9.99% stake in Shriram eyeing India’s fast-growing general insurance industry

Global buyout major KKR has agreed to acquire a 9.99% stake in India's Shriram General Insurance saying it would position Shriram for continued growth in India's fast-growing general insurance industry. The post KKR to buy

First United Promotes Jason VanSickle to Vice President and Managing…

VanSickle will now oversee the bank’s strategic consumer sales and growth initiatives along with all retail banking services.(PRWeb April 04, 2022)Read the full story at https://www.prweb.com/releases/first_united_promotes_jason_vansickle_to_vice_president_and_managing_director_of_consumer_services/prweb18596031.htm

Vitruvian makes USD 35m investment in Moonfare

Virtuvian Partners has made a USD 35m investment in Germany-headquartered Moonfare, a financial technology platform that allows high net worth individuals and retail investors to invest in private equity funds.

Connection Capital exits Tempcover to RVU for 5x money

Private client investment business Connection Capital has sold UK online temporary insurance platform Tempcover to RVU, a UK platform that owns brands including Confused.com.

How Roman Abramovich Used Shell Companies and Wall Street Ties to Invest in the U.S.

Using a network of banks, law firms and advisers in multiple countries, Roman Abramovich invested billions in American hedge funds.

Motive sells Global Shares to JP Morgan

Motive partners, a private equity firm focused on tech-enabled financial services, has sold Ireland-based fintech company Global Shares to JP Morgan generating around 10x return on invested capital.

Bogazici Ventures to establish three pre-IPO VC funds

Bogazici Ventures, a Turkey-based venture capital firm, is planning to launch three pre-IPO funds to invest in biotech, gaming and fintech startups, executive board member Baris Ozistek told Unquote.

Permira's Golden Goose in talks with banks over potential New York IPO

Golden Goose, an Italian fashion house controlled by private equity group Permira, has started early work on a potential IPO, several sources familiar with the situation said.

Corsair exits RGI to CVC

Financial-services focused sponsor Corsair Capital is to sell its stake in Italy-based insurance software developer RGI to CVC Capital Partners.

CVC agrees buyout of insurance software business RGO from Corsair

Private equity giant CVC has agreed to acquire European insurance software provider RGI from fellow buyout house Corsair. The post CVC agrees buyout of insurance software business RGO from Corsair first appeared on AltAssets Private Equity

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