KKR Completes Acquisition of Bettcher Industries and Names Dan Daniel Chairman

NEW YORK--(BUSINESS WIRE)-- Bettcher Industries (“Bettcher” or the “Company”), a leading manufacturer and supplier of food processing equipment and associated aftermarket parts and consumables, and KKR, a leading global investment firm, today announced the completion

Digital Transformation
Ardian, Cathay buy listed Artefact

Ardian, Cathay buy listed Artefact

Ardian and Cathay Capital have acquired a majority stake in listed, France-based data consulting and digital marketing agency Artefact.

Software and Hi-Tech
MVI closes MVI Fund II above target

MVI closes MVI Fund II above target

MVI Advisors has closed its second fund, MVI Fund II, on SEK 1.1bn (EUR 110m) – exceeding its SEK 1bn target.

Angel / Venture
DevCo raises EUR 260m for fourth fund

DevCo raises EUR 260m for fourth fund

Finland-headquartered DevCo Partners has raised EUR 260m for DevCo Partners IV, its latest fund dedicated to a long-term hold, single-asset strategy.

Norwest Venture closes biggest-ever fund on $3bn, boosting capital under management to $12.5bn

Growth equity and early stage investor Norwest Venture Partners has closed its biggest fund today collecting $3bn of equity investing. The fundraise boosted the firm's total capital under management to $12.5bn. The post Norwest Venture

Blackstone acquires minority interest in mid-market PE firm Nautic Partners

Blackstone GP Stakes has acquired a minority interest in mid-market private equity firm Nautic Partners. The post Blackstone acquires minority interest in mid-market PE firm Nautic Partners first appeared on AltAssets Private Equity News.

Anchorage Digital
KKR helps Anchorage Digital to more than $3bn valuation in firm’s first crypto deal

KKR helps Anchorage Digital to more than $3bn valuation in firm’s first crypto deal

Anchorage Digital has hit a more than $3bn valuation thanks to a new investment round led by private equity giant KKR. The post KKR helps Anchorage Digital to more than $3bn valuation in firm’s first

Sysdig hits $2.5bn valuation thanks as Permira leads Series G round

Cloud security specialist Sysdig has hit a $2.5bn valuation thanks to a Series G round led by Permira’s growth fund. The post Sysdig hits $2.5bn valuation thanks as Permira leads Series G round first appeared

Garry Tan’s Initialized Capital raises $700m for two new funds

Initialized Capital, the investment firm launched by Reddit co-founder Alexis Ohanian and ex-Y Combinator partner Garry Tan, has raised $700m across two new funds. The post Garry Tan’s Initialized Capital raises $700m for two new

Software and Hi-Tech
Sale of LBO France's Payot gets under way

Sale of LBO France's Payot gets under way

The sale of LBO France-owned Payot is underway with Vulcain advising, according to three sources familiar with the situation.

Vaaka Partners races to €250m final close for biggest Finland-focused fund yet

Finnish private equity house Vaaka Partners has taken just 11 weeks to raise €250m for its biggest fund yet targeting the country. The post Vaaka Partners races to €250m final close for biggest Finland-focused fund

Software and Hi-Tech
Armira closing in on purchase of IK Multimedia

Armira closing in on purchase of IK Multimedia

Munich-based sponsor Armira is in final-stage talks to acquire IK Multimedia, an Italian designer of apps for music creation, according to two sources familiar with the situation.

Ex-EQT pair beat SEK1bn goal for second MVI Advisors fundraise

A pair of former EQT execs have hit an SEK1.1bn final close for their second MVI Advisors fundraise. AltAssets revealed in June last year that Sven Karlsson and fellow MVI co-founder Daniel Nilsson were more

Manufacturing and Industrial
Argos Wityu acquires majority stake in Groupe Fedd

Argos Wityu acquires majority stake in Groupe Fedd

Switzerland-based private equity firm Argos Wityu has acquired a 90% stake in Groupe Fedd, a France-based, family-owned electronics specialist, alongside the company's management team.

Angel / Venture
VC firm BGV kicks off fundraise for second growth fund

VC firm BGV kicks off fundraise for second growth fund

BGV, a venture capital firm based in Palo Alto, Paris and Tel Aviv, is currently pre-marketing a new growth fund, BGV Opportunity Fund II.

Limited Partners
KKR Expands Real Estate Industrial Portfolio in the Lehigh Valley with a New Acquisition

KKR Expands Real Estate Industrial Portfolio in the Lehigh Valley with a New Acquisition

NEW YORK--(BUSINESS WIRE)-- KKR, a leading global investment firm, today announced the acquisition of a two building, approximately 1.5 million square foot, industrial distribution campus in Allentown, Pennsylvania. KKR acquired the industrial campus through its

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