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.

Angel / Venture
CVC’s Amsterdam IPO move adds impetus to calls for LSE reform

CVC’s Amsterdam IPO move adds impetus to calls for LSE reform

CVC Capital Partners’ reported preference for Amsterdam as a potential home for its shares shows that London’s regulatory regime still needs to be far more flexible, several sources said.

Portfolio Company News
Equistone considers moving Sicame to continuation fund

Equistone considers moving Sicame to continuation fund

A new sponsor-led secondary deal may hit the French market soon with sponsor Equistone considering moving its portfolio company Sicame, an electricity distribution products and services provider, into a single-asset continuation fund, four sources familiar

Appointments
Mirabaud appoints Nouri as partner, plans new Lifestyle fund

Mirabaud appoints Nouri as partner, plans new Lifestyle fund

Mirabaud Asset Management has appointed luxury and consumer industry expert Chabi Nouri as private equity partner; she will co-manage the GP's Lifestyle strategy, which expects to launch a second vintage later in 2022.

Oil and Energy
Altor Equity acquires minority stake in Svea Solar

Altor Equity acquires minority stake in Svea Solar

Private equity firm Altor Equity has acquired a significant minority stake in Svea Solar, a Sweden-based cleantech company, through its latest flagship fund, Altor Fund V.

Software and Hi-Tech
Circularity Capital hires new investment director

Circularity Capital hires new investment director

UK-based specialist private equity firm Circularity Capital has appointed Deanna Zhang as investment director.

Eurazeo, Cathay Capital, Sagard Newgen enter into exclusive investment agreement with DiliTrust

Global buyout major Eurazeo has formed a consortium with Cathay Capital and Sagard Newgen to enter into an exclusive agreement to make €130m of investment in DiliTrust. The post Eurazeo, Cathay Capital, Sagard Newgen enter

At home connected rower brand Hydrow secures latest funding from L Catterton

Consumer-focused private equity firm L Catterton has participated in a $55m series D round funding for at home connected rower maker Hydrow. The post At home connected rower brand Hydrow secures latest funding from L Catterton

Getir becomes decacorn at $11.8bn valuation thanks to a new series E funding round

Ultrafast grocery delivery company Getir entered into decacorn status at $11.8bn valuation thanks to a  new $768m funding round. The post Getir becomes decacorn at $11.8bn valuation thanks to a new series E funding round first

Audax to sell Lifemark to Loblaw Companies, marks second exit in a week

Audax Private Equity has agreed to sell Lifemark Health Group to Loblaw Companies, marking the second exit in a week. The post Audax to sell Lifemark to Loblaw Companies, marks second exit in a week

Data Point brings in ex-Abry Partners co-CEO Peggy Koenig as special advisor amidst growth in scale

Boston-based venture capital firm Data Point Capital has hired  former Abry Partners co-CEO Peggy Koenig as special advisor. The post Data Point brings in ex-Abry Partners co-CEO Peggy Koenig as special advisor amidst growth in

Sycamore Partners in early stages of Ted Baker take over

Private equity house Sycamore Partners is in early stages of taking over UK retail brand Ted Baker. The post Sycamore Partners in early stages of Ted Baker take over first appeared on AltAssets Private Equity

Software and Hi-Tech
Bowmark explores Lawyers On Demand exit

Bowmark explores Lawyers On Demand exit

Bowmark Capital has mandated Rothschild to explore an exit of UK-based legal services platform Lawyers on Demand (LOD), three sources familiar with the situation said.

Politics
DiliTrust backed by Eurazeo, Cathay, Sagard Newgen in EUR 130m deal

DiliTrust backed by Eurazeo, Cathay, Sagard Newgen in EUR 130m deal

Financial sponsors Eurazeo, Cathay Capital and Sagard Newgen have agreed to invest in DiliTrust, a French SaaS-enabled corporate governance services provider, alongside its management team.

KKR to Acquire Leading Japanese Real Estate Asset Manager from Mitsubishi Corporation and UBS Asset Management in a Strategic Transaction

New strategic transaction combines the real estate investment and asset management acumen of KKR and MC-UBSR to strengthen a leading Japanese REIT management business Strong alignment of interest through KKR’s direct investments in MC-UBSR’s listed

KKR-backed Biosynth Carbosynth Acquires vivitide and Welcomes Ampersand Capital Partners as New Shareholder

Combination of Biosynth Carbosynth and vivitide creates global life sciences platform serving high-growth biopharma and diagnostics end markets LONDON--(BUSINESS WIRE)-- KKR, a leading global investment firm, announced today the closing of its previously announced investment

Politics
GRO Capital holds EUR 600m final close for Fund III

GRO Capital holds EUR 600m final close for Fund III

Denmark-headquartered B2B software investor GRO Capital has held a final close for GRO Fund III on its EUR 600m hard-cap.

KKR boosts global real estate business with $2bn buyout of Japan’s Mitsubishi Corp-UBS Realty

Global buyout giant KKR has agreed a $2bn buyout of Japanese real estate asset manager Mitsubishi Corp-UBS Realty. The post KKR boosts global real estate business with $2bn buyout of Japan’s Mitsubishi Corp-UBS Realty first

Angel / Venture
CalPERS reveals $6.6bn of new alternatives commitments, Oak Hill takes lion’s share

CalPERS reveals $6.6bn of new alternatives commitments, Oak Hill takes lion’s share

Pension fund giant CalPERS has made $6.6bn of new alternative asset fund investments - with almost half of those going to private credit firm Oak Hill Advisors. The post CalPERS reveals $6.6bn of new alternatives

Baring halts sale of Chinese packaging firm HCP again, citing valuation concerns

Baring Private Equity Asia has put a hold on the sale of Chinese packaging firm HCP due to valuation concerns, Bloomberg reported. The post Baring halts sale of Chinese packaging firm HCP again, citing valuation

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