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Category: Fintech and Finance

Kroger-Albertsons Merger Faces Long Road Before Approval

Consumer advocates, unions and independent grocers are against a deal that would join Kroger and Albertsons, and be lucrative for investors.

Progressio exits Assist Digital in sale to Ardian

French sponsor Ardian has agreed to acquire a majority stake in Assist Digital, an Italy-based B2B customer experience and CRM technology provider; the deal sees Progressio exit its minority stake in the business.

Pantheon picks four new partners amid 98-strong annual promotion round

Global private markets investor Pantheon has named four new partners through promotions and a new hire. The post Pantheon picks four new partners amid 98-strong annual promotion round first appeared on AltAssets Private Equity News.

Ex-L Catterton, Apollo execs hit $850m hard cap for new Garnett Station Partners fund

New York based investment house Garnett Station Partners has hit an $850m hard cap close for its fourth fund after just six months in the market. The post Ex-L Catterton, Apollo execs hit $850m hard

IK readies Swedish biotech group Mabtech for exit

IK Partners has appointed Jefferies to guide its planned exit of Swedish biotech company Mabtech, three sources familiar with the situation said.

Podcast: The PE auction in times of exit scarcity

With sponsors looking to bypass challenging debt markets and macroeconomic uncertainty, funds editor Harriet Matthews hosts private equity reporter Rachel Lewis to discuss how the dynamics of auction processes and GPs’ approach to exits are

Gemspring buys into 87-year-old Chicago Switchboard to back IER acquisition

Mid-market PE firm Gemspring Capital has made a strategic minority investment to support Chicago Switchboard’s acquisition of IER Electrical. The post Gemspring buys into 87-year-old Chicago Switchboard to back IER acquisition first appeared on AltAssets Private Equity

Waterland follows €4bn fundraises with investment in UK’s Markettiers4DC

European private equity house Waterland has followed last week's €4bn double fund close with a majority investment in UK-based strategic comms agency network Markettiers4DC. The post Waterland follows €4bn fundraises with investment in UK’s Markettiers4DC first

Presto Ventures targets EUR 100m for new early-stage fund

Czech investor Presto Ventures is taking a significant step up in its strategy with fundraising of a new venture capital vehicle targeting EUR 100m on the way, founder and Managing Partner Premysl Rubes told Unquote.

Ardian buys into booming customer experience services specialst Assist Digital, Progressio exits

European investment major Ardian has agreed to buy a roughly 60% in end-to-end customer experience services specialist Assist Digital. The post Ardian buys into booming customer experience services specialst Assist Digital, Progressio exits first appeared

SUSI Partners leverages steep energy price rise opportunity with Energy Efficiency and Transition Credit Fund

Sustainable energy-focused investor SUSI Partners has raised more than €130m towards its Energy Efficiency and Transition Credit Fund. The post SUSI Partners leverages steep energy price rise opportunity with Energy Efficiency and Transition Credit Fund

Vice, a Beleaguered Avatar of New Media, Hangs a ‘For Sale’ Sign

Vice, which has struggled to achieve profitability in recent years, has formed a special committee to find suitors.

Arcano holds EUR 450m final close for latest secondaries fund

Spain-headquartered Arcano Asset Management has held a final close for Arcano Secondaries Fund XIV (ASF XIV) on EUR 400m, surpassing its EUR 300m target.

Equistone to exit Bulgin to Infinite Electronics

Equistone has agreed to sell its majority stake in Bulgin, a UK manufacturer of environmentally sealed connectors and components, to Infinite Electronics, a Warburg Pincus-backed portfolio of in-stock connectivity solution brands.

Waterland raises EUR 4bn across buyout and minority strategies

Netherlands-based sponsor Waterland has closed the ninth iteration of its flagship fund on EUR 3.5bn, while also holding a close for its inaugural minority stake fund on EUR 500m.

Facebook billionaire Eduardo Saverin’s B Capital raises $2.1bn Fund III

B Capital, the investment firm of Facebook co-founder Eduardo Saverin, has raised $2.1bn to close its third venture growth fundraise. The post Facebook billionaire Eduardo Saverin’s B Capital raises $2.1bn Fund III first appeared on

Audax debt arm hits $3bn hard cap close for second direct lending fund

Audax Private Debt has hit a $3bn final close for its second direct lending solutions fund targeting mid-market private equity sponsors. The post Audax debt arm hits $3bn hard cap close for second direct lending

Merito Partners targets EUR 50m for debut growth equity fund

Latvian investment company Merito Partners is aiming for a hard-cap of EUR 50m for its debut growth equity fund, Managing Partner Mikus Janvars told Unquote.

Accel-KKR weighs strategic options for Kerridge Commercial Systems

Accel-KKR is assessing strategic options for Kerridge Commercial Systems, a UK-based enterprise resource planning (ERP) software provider, sources familiar with the situation said.

Cerberus, Bertram Capital pick up Houston Firefighters’ fund commitments

The $5bn-managing Houston Firefighters' Relief & Retirement Fund has picked a trio of Cerberus Capital and Bertram Capital fundraises for its latest alternatives commitments. The post Cerberus, Bertram Capital pick up Houston Firefighters’ fund commitments

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