Leonard Green said to strike $18.3bn across double fundraise as final closes loom

Retail and consumer-focused private equity giant Leonard Green & Partners has reportedly pulled in $18.3bn for a pair of funds as it nears a final close for the vehicles. The firm has picked up $14.7bn of

Crypto investor Dragonfly Capital hits $650m close for oversubscribed Fund III

Crypto-focused investment firm Dragonfly Capital has hit a $650m final close for its oversubscribed third fund. The post Crypto investor Dragonfly Capital hits $650m close for oversubscribed Fund III first appeared on AltAssets Private Equity

Manufacturing and Industrial
Alcedo exits Duplomatic in trade sale to Daikin Industries

Alcedo exits Duplomatic in trade sale to Daikin Industries

Private equity firm Alcedo has announced the sale of Milan-based Duplomatic, a hydraulic equipment manufacturer, to Japanese conglomerate Daikin Industries.

KKR Acquires Seven Industrial Buildings Serving Dallas Forth Worth and Atlanta Markets for Approximately $272 Million

NEW YORK--(BUSINESS WIRE)-- KKR, a leading global investment firm, today announced the purchase of seven industrial distribution buildings totaling nearly 1.8 million square feet (SF) serving the Dallas Forth Worth and Atlanta markets. The assets

KKR Completes Acquisition of Leading Japanese Real Estate Asset Manager

Asset manager enters next phase of growth under new name, KJR Management Strategic transaction deepens KKR’s commitment to Japan and increases global real estate business’ assets under management to US$54 billion NEW YORK & TOKYO--(BUSINESS

KKR Announces Tender Offer to Acquire Hitachi Transport System

TOKYO--(BUSINESS WIRE)-- KKR, a leading global investment firm, today announced it intends to make a tender offer for the common shares of Hitachi Transport System Ltd. (“HTS” or the “Company”; TSE stock code 9086) through

Consumer Services
Latour sells Atlas For Men to Motion Equity

Latour sells Atlas For Men to Motion Equity

Latour Capital has sold French menswear retailer Atlas For Men to Motion Equity Partners just three years after acquiring the asset.

Europe
The Bolt-Ons Digest – 28 April 2022

The Bolt-Ons Digest – 28 April 2022

The Bolt-ons Digest is a compilation put together by Unquote with the main add-on deals announced by PE-backed companies in Europe over the last few days.

TPG closes inaugural climate fund on $7.3bn with Hank Paulson as executive chairman

Global buyout major TPG has held a final close for its inaugural climate fund on a hefty $7.3bn, with former US Treasury Secretary Hank Paulson as executive chairman. The post TPG closes inaugural climate fund

KKR to make $5.2bn tender offer for Hitachi Transport System

KKR is expecting to launch a $5.2bn tender offer for Hitachi Transport System by September through its Asia Fund IV. The post KKR to make $5.2bn tender offer for Hitachi Transport System first appeared on

NYSCRF commits about $2.75bn across private equity, alternatives fundraises

The $279bn-managing New York State Common Retirement Fund has committed another $2.75bn across a swathe of alternatives fundraises. The post NYSCRF commits about $2.75bn across private equity, alternatives fundraises first appeared on AltAssets Private Equity

Former Facebook duo score $325m for latest Slow Ventures fund pair

Slow Ventures has raised $325m of new capital across its fifth flagship seed fund and second opportunity fund. The post Former Facebook duo score $325m for latest Slow Ventures fund pair first appeared on AltAssets

Software and Hi-Tech
Ropes & Gray hires three PE-focused partners in London

Ropes & Gray hires three PE-focused partners in London

Law firm Ropes & Gray has added three private equity partners to its London office, poaching them from Fried, Frank, Harris, Shriver & Jacobson, according to a press release.

Private equity giants said to circle Reckitt Benckiser infant formula business, price could reach $10bn – report

A string of private equity heavyweights are reportedly circling Reckitt Benckiser Group’s infant nutrition business for a buyout which could value the business at up to $10bn. The post Private equity giants said to circle

Evanston Capital beats target for debut blockchain-focused fund of funds raise

Alternatives investor Evanston Capital Management has beaten its target for its debut fund focused on blockchain investments through a $58m final close. The post Evanston Capital beats target for debut blockchain-focused fund of funds raise

Angel / Venture
Force Over Mass leads GBP 115m round for Outfund

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

Monroe Capital books $4.8bn of new private credit firepower through hefty Fund IV close

Private credit specialist Monroe Capital has soared to a $2.3bn final close for its latest fundraise thanks to commitments from more than 300 investors. The post Monroe Capital books $4.8bn of new private credit firepower

MassMutual Ventures makes European push with new $300m fund

US and Asia-based investor MassMutual Ventures has expanded to Europe through the launch of a $300m fund targeting early and growth-stage companies in digital health, financial technology, enterprise SaaS and cybersecurity. The post MassMutual Ventures makes

Slate Asset Management pulls in over $570m to close new opportunities fund

Real estate investor Slate Asset Management has hit a $572m final close for its second fund targeting opportunistic investments across North America. The post Slate Asset Management pulls in over $570m to close new opportunities

IPO
WeTransfer sponsor to revisit exit plans later this year

WeTransfer sponsor to revisit exit plans later this year

The backer of WeTransfer could revisit exit plans later this year as choppy market conditions favour the chances of a potential private sale versus an IPO, sources familiar with the company said.

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