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Category: Fintech and Finance

Palatine exits Acora at 3x-plus money in sale to LDC

Palatine Private Equity has offloaded its minority interest in Acora to LDC, the private capital arm of Lloyds Banking Group, less than three years into its investment in the UK IT managed services provider.

PE, VC execs banking on African tech boom over next three years

Private equity and venture capital execs are banking on an African tech boom over the next few years amid the rapid expansion of the continent's startup ecosystem, new research shows. The post PE, VC execs

Avanta Ventures eyes next wave of insurtech startups with $225m Fund II

Avanta Ventures, the venture capital arm of CSAA Insurance Group, has hit a $225m final close for its second early-stage investment fund. The post Avanta Ventures eyes next wave of insurtech startups with $225m Fund

Adelis to sell Säkra in SBO to Cinven

Adelis Equity Partners has agreed to sell its majority stake in Säkra, a Stockholm-based pension and insurance broker, to international private equity firm Cinven.

Cinven taps new financial services fund for Swedish insurance brokerage Säkra

European buyout major Cinven has agreed a buyout of Swedish insurance brokerage Säkra, one of the country's largest insurance intermediaries. The post Cinven taps new financial services fund for Swedish insurance brokerage Säkra first appeared

Veteran data center business which shifted to fintech gets $1.6bn Centerbridge, Bridgeport buyout

Fintech and regtech specialist Computer Services is set to be bought by Centerbridge Partners and Bridgeport Partners in a $1.6bn deal. The post Veteran data center business which shifted to fintech gets $1.6bn Centerbridge, Bridgeport

Newly-created NY Life Insurance investing arm Apogem kicks things off with $614m secondary fund close

Recently created New York Life Insurance Company subsidiary Apogem Capital has beaten its target for a new secondaries fundraise by hauling in $614m for a final close. The post Newly-created NY Life Insurance investing arm

Partners Group buys FRP from WP for the growing American insurance brokerage market

Global buyout major Partners Group has agreed to acquire specialist insurance broker Foundation Risk Partners from Warburg Pincus. The post Partners Group buys FRP from WP for the growing American insurance brokerage market first appeared on AltAssets

Permira brings in Koen Köppen from digital payment providers Mollie, Klarna as senior advisor for software, fintech

Global buyout major Permira has hired Koen Köppen from digital payment service provider Mollie as senior adviser to its global technology team, focusing on software and fintech. The post Permira brings in Koen Köppen from digital

KKR Forms Strategic Alliance with Loop Capital to Offer Equity Research and Distribution Capabilities

NEW YORK--(BUSINESS WIRE)-- KKR, a leading global investment firm, and Loop Capital Markets (“Loop Capital”), a black owned and led investment bank, brokerage and advisory firm today announced a strategic alliance under which Loop Capital

Sidekick spinoffs: Insurtech scale-ups attract PE interest

Insurtechs have long been overlooked by investors as fintechs’ smaller and less-attractive sidekicks. But now, as private equity firms search for rising stars, it seems some scaleups are finally getting to star in their own

OTPP to exit funeral service provider Mémora for €600m

The board of Ontario Teachers’ Pension Plan has agreed to exit funeral services company Mémora Group to Spanish insurance company Grupo Catalana Occidente for a €600m enterprise value. The post OTPP to exit funeral service provider

FINTOP Capital closes third fund, names two new partners

Fintech B2B SaaS-focused venture capital firm FINTOP Capital has closed its third fund on $220m. The post FINTOP Capital closes third fund, names two new partners first appeared on AltAssets Private Equity News.

Ardian exits majority stake in Opteven to Apax

Ardian has sold its majority shareholding in Lyon-based Opteven, a roadside assistance and breakdown insurance provider, to Apax Partners.

KKR, ANZ talks for potential $3bn MYOB buyout are over

Australia and New Zealand Banking Group has dropped talks with KKR for the potential A$4.5bn ($3.04bn) buyout of software firm MYOB. The post KKR, ANZ talks for potential $3bn MYOB buyout are over first appeared

KKR in talks with ANZ for MYOB divestment, deal said to be over A$4.5bn

KKR is in talks with the Australia and New Zealand Banking Group to divest software firm MYOB. Local media said the deal can be priced at over A$4.5bn ($3.04bn). The post KKR in talks with

Mubadala leads equity raise in Wefox's USD 400m Series D

Berlin-based insurtech platform Wefox has reached a USD 4.5bn valuation in a Series D round backed by existing investors, with sovereign wealth fund Mubadala leading the equity raise.

NFP Enters Second Year of Partnership with New York City Football Club…

As the Official Insurance Broker of the 2021 MLS Cup Champions, NFP is elevating community impact in the greater New York City area(PRWeb June 08, 2022)Read the full story at https://www.prweb.com/releases/nfp_enters_second_year_of_partnership_with_new_york_city_football_club_with_a_continued_focus_on_community/prweb18724927.htm

Ardian invests in TA Associates-backed Odealim

French private equity house Ardian has acquired a co-controlling stake in Groupe Odealim, alongside TA Associates, which has been the French insurance broker’s majority shareholder since 2018.

Guggenheim participates in Acisure funding round at $23bn valuation

Guggenheim Investments and Oak Hill Advisors have participated in a funding round in insurance broker Acrisure, valuing the company at $23bn. The post Guggenheim participates in Acisure funding round at $23bn valuation first appeared on

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