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Category: Fintech and Finance

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

New venture capital investment help Indian fintech Money View to $625m valuation

India-based FinTech platform Money View has closed its Series D funding round on $75m, which values the business at $625m. The post New venture capital investment help Indian fintech Money View to $625m valuation first

Alma Bank Hires John C. Tsunis as Executive Vice President within its…

Alma Bank announces the appointment of John C. Tsunis as Executive Vice President within its Private Banking Group. Mr. Tsunis comes to the Bank with over 28 years of banking and real estate...(PRWeb March 09,

NB Renaissance explores options for Novamont

NB Renaissance has started exploring strategic options for portfolio company Novamont, with investment banks due to pitch for advisory roles in the coming weeks, a source close to and four sources familiar with the situation

Inflexion exits Succession to Aviva for 3x money

Private equity firm Inflexion has sold Succession Wealth to British insurance company Aviva for GBP 385m.

Inflexion exits Succession to Aviva for 3x money

Private equity firm Inflexion has sold Succession Wealth to British insurance company Aviva for GBP 385m.

Fintech investor CommerzVentures closes Fund III on €300m

Specialist fintech investor CommerzVentures has closed its third fund on €300m to back early and growth-stage companies in the sector. The post Fintech investor CommerzVentures closes Fund III on €300m first appeared on AltAssets Private

Summa buys Intix in first Fund III deal

Summa Equity has acquired Belgian fintech company Intix through its Equity Fund III

Columna invests EUR 150m in SanteVet

Columna Capital has invested EUR 150m in SanteVet, a pet insurance platform it has majority-owned since 2017.

Drawbridge Realty Recapitalizes $1.7B Innovation-Focused Office Portfolio and Expands KKR Partnership with Long-term Funding from Global Atlantic

NEW YORK & SAN FRANCISCO--(BUSINESS WIRE)-- KKR, a leading global investment firm, today announced that Global Atlantic Financial Group (“Global Atlantic”), on behalf of its affiliated insurance companies, has recapitalized an approximately $1.7 billion portfolio

Flutterwave becomes Africa’s most valuable startup at $3bn thanks to new VC round

FinTech Flutterwave has become Africa's most valuable fintech after a new wave of VC funding saw become worth more than $3bn. The post Flutterwave becomes Africa’s most valuable startup at $3bn thanks to new VC

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