Africa soars to record $5.2bn of annual VC investment, more than previous seven years combined

Africa's ongoing rise as a startups superpower received a massive boost last year with $5.2bn of venture capital investment - more than the previous seven years combined, new research shows. The post Africa soars to

Appointments
Alantra bolsters private debt team with new appointments

Alantra bolsters private debt team with new appointments

Mid-market investment bank Alantra has made a series of new hires to its private debt team including Alberto Pierotti and Jean-Philippe Lantrade as managing directors.

CVC buys Investindustrial’s sintered stone specialist Neolith after three-year hold

CVC Capital Partners has agreed to buy Investindustrial's sintered stone specialist Neolith after three years in the latter's portfolio. The post CVC buys Investindustrial’s sintered stone specialist Neolith after three-year hold first appeared on AltAssets

Politics
Bowmark buys workflow automation provider WSD

Bowmark buys workflow automation provider WSD

Mid-market investor Bowmark Capital has acquired a majority stake in WSD, a London-based document and workflow software automation provider.

EQT sets €21.5bn Fund X hard cap, just a year after €15.6bn Fund IX close

Global buyout giant EQT has set a €21.5bn hard cap for its mammoth new flagship fundraise, almost exactly a year after raising a hefty €15.6bn for its predecessor vehicle. The announcement comes three months after

17Capital closes biggest private credit fund raised since 2009 on $2.9bn

17Capital has raised $2.9bn to close what is believed to be the largest private credit fund raised since 2009. The post 17Capital closes biggest private credit fund raised since 2009 on $2.9bn first appeared on

Two-time Olympian sees sophomore Rallyday Partners fund reach $205m final close

Denver-based private equity house Rallyday Partners has pulled in $205m to close its second fund after just two months of capital raising. The post Two-time Olympian sees sophomore Rallyday Partners fund reach $205m final close

KKR & Co. Inc. to Announce First Quarter 2022 Results

NEW YORK--(BUSINESS WIRE)-- KKR & Co. Inc. (NYSE: KKR) announced today that it plans to release its financial results for the first quarter 2022 on Tuesday, May 3, 2022, before the opening of trading on

Serena Williams’ investment firm backs sports marketing tech start-up OpenSponsorship

Serena Ventures, the investment firm of tennis star Serena Williams, has made a seven-figure investment in sports marketing tech start-up OpenSponsorship. The post Serena Williams’ investment firm backs sports marketing tech start-up OpenSponsorship first appeared

Private equity firms show interests in a Twitter deal – report

Private equity firms have expressed interest in participating in a deal for Twitter, Reuters reported quoting people familiar with the matter. The post Private equity firms show interests in a Twitter deal – report first

ArchiMed to take medical device maker Natus Medical private for $1.2bn

Healthcare-focused buyout house ArchiMed has agreed to take medical device maker Natus Medical private for $1.2bn. The post ArchiMed to take medical device maker Natus Medical private for $1.2bn first appeared on AltAssets Private Equity News.

DSG Consumer Partners holds first close for $120m-target fourth fund – report

DSG Consumer Partners has reached a first close on $63m on its fourth fund, AVCJ reported. The post DSG Consumer Partners holds first close for $120m-target fourth fund – report first appeared on AltAssets Private

Politics
Main sells Obi4wan to PE-backed Spotler

Main sells Obi4wan to PE-backed Spotler

Software investor Main Capital Partners has sold its stake in Netherlands-based customer service and marketing software Obi4wan to Spotler Group, a portfolio company of CNBB Equity Partners.

Europe
GBL acquires Affidea from B-Flexion

GBL acquires Affidea from B-Flexion

Groupe Bruxelles Lambert (GBL), the Belgian investment firm, has acquired a majority stake in pan-European outpatient group Affidea.

TiLT Capital Partners holds first close for energy transition-focused Fund I

TiLT Capital Partners has hold a first close for energy transition sector-focused  TiLT Capital Fund I on €145m. The post TiLT Capital Partners holds first close for energy transition-focused Fund I first appeared on AltAssets

XSML holds hard cap close for African Rivers Fund III

Central and East Africa-focused fund manager XSML has held a final close for African Rivers Fund III on its hard cap of $85m. The post XSML holds hard cap close for African Rivers Fund III first

Europe
The Bolt-Ons Digest – 19 April 2022

The Bolt-Ons Digest – 19 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 in the last few days.

Angel / Venture
Investindustrial sells Neolith to CVC VIII

Investindustrial sells Neolith to CVC VIII

Investindustrial is exiting Neolith, a Spain-based producer of sintered stone surfaces, in a sale to CVC Capital; co-owners from the Esteve family are also divesting in the deal.

Software and Hi-Tech
Buyout groups circle Trivium Packaging auction

Buyout groups circle Trivium Packaging auction

Advent International, Lone Star, Platinum Equity and Onex were among sponsors weighing bids for Trivium Packaging ahead of a deadline for indicative offers last week, four sources familiar with the matter said.

Portfolio Company News
EQT pauses LimaCorporate auction

EQT pauses LimaCorporate auction

Private equity firm EQT has paused the sale of its portfolio company LimaCorporate, six sources familiar with the situation told this news service, with a number of these sources saying it was due to macroeconomic

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