Booming PE secondaries market could hit $120bn next year, HarbourVest’s Atterbury says

The booming private equity secondaries market could hit more than $120bn next year as investors look to maintain allocations to private markets, HarbourVest managing director David Atterbury has said. AltAssets reported in September that secondaries

Software and Hi-Tech
Apax sells Unilabs to AP Moller

Apax sells Unilabs to AP Moller

Apax Partners is to sell Switzerland-based laboratory and imaging diagnostics service Unilabs to investment firm AP Moller Holding in a deal that values the company at more than EUR 5bn.

Advent, GIC withdraw $8bn bid for Swedish drugmaker Orphan Biovitrum

Agnafit Bidco, set up by private equity major Advent International and Aurora, the investment vehicle of Singapore's GIC, has withdrawn an $8bn bid for Swedish drugmaker Orphan Biovitrum (SOBI). The post Advent, GIC withdraw $8bn

Lightspeed China Partners beats fundraising target with $960m across new pair of vehicles

Lightspeed China Partners has raised $960m across its latest pair of investment funds, with the firm highlighting green tech as an exciting new area of opportunity. The post Lightspeed China Partners beats fundraising target with

Cloud security business Panther Labs hits $1.4bn valuation through big VC-backed Series B

Cloud-scale security analytics business Panther Labs has hit a $1.4bn valuation thanks to a hefty Series B investment round. The post Cloud security business Panther Labs hits $1.4bn valuation through big VC-backed Series B first

Second deal of the week for IK Partners as firm buys DA Languages from Foresight

Pan-European private equity firm IK Partners has scored its second deal of the week by picking up DA Languages from Foresight Group. The firm said DAL is one of the fastest growing language services providers in the

Software and Hi-Tech
Tikehau fully exits Eurazeo

Tikehau fully exits Eurazeo

Tikehau Capital has completed the sale of its entire stake in Eurazeo, marking the end of a long-standing link between the two rival asset managers.

Banking Profiles
Vitruvian's Bitdefender hires advisers for IPO-led exit

Vitruvian's Bitdefender hires advisers for IPO-led exit

Romanian cybersecurity company Bitdefender has appointed JP Morgan and Morgan Stanley to lead an IPO-led dual track process, according to three sources familiar with the situation.

Software and Hi-Tech
Sale of Eurazeo's Sommet gets underway

Sale of Eurazeo's Sommet gets underway

The sale process for Switzerland-based Sommet Education, an operator of hotels and hospitality schools, has kicked off with the recent distribution of information memorandums and indicative bids slotted for mid-January, according to two sources familiar

MassPRIM passes $100bn AUM fuelled by outstanding 2021 PE gains

Pension giant MassPRIM has passed $100bn in assets under management for the first time amid a record-breaking 2021 financial year fuelled by private equity gains. The post MassPRIM passes $100bn AUM fuelled by outstanding 2021

KKR Announces New Partners and Managing Directors

NEW YORK--(BUSINESS WIRE)-- KKR today announced a newly promoted group of 18 Partners and 42 Managing Directors, effective January 1, 2022. “Congratulations to our senior leaders for not only reaching new career milestones at KKR

Freshwater Investments and Griffis/Blessing Purchase The Fairways at…

Freshwater Investments and Griffis/Blessing, Inc.closed on The Fairways at City Center (Fairways) in Lenexa, KS, on December 1st for $45.2 million.(PRWeb December 03, 2021)Read the full story at https://www.prweb.com/releases/freshwater_investments_and_griffis_blessing_purchase_the_fairways_at_city_center_in_lenexa_ks/prweb18371245.htm

KKR Prices $750,000,000 of 3.250% Senior Notes Due 2051

NEW YORK--(BUSINESS WIRE)-- KKR & Co. Inc. (“KKR”) (NYSE: KKR) today announced that it has priced an offering of $750,000,000 aggregate principal amount of its 3.250% Senior Notes due 2051 (the “notes”) issued by KKR

Digital Transformation
Gilde buys minority stake in Emeram's Init

Gilde buys minority stake in Emeram's Init

Gilde Buy Out Partners is to acquire a minority stake in Germany-based digital transformation consultancy Init (branded as ]init[), leaving previous owner Emeram Capital Partners with an equal share in the business.

General Partners
O3, Novum to acquire Gumtree UK, Motors.co.uk

O3, Novum to acquire Gumtree UK, Motors.co.uk

New York-based investment firm O3 Industries and Germany-headquartered GP Novum Capital have acquired online classifieds portals Gumtree UK and Motors.co.uk from Adevinta.

Lee Equity takes majority stake in security system business Unlimited Technology

Lee Equity Partners has bought a majority stake in security system specialist Unlimited Technology. The post Lee Equity takes majority stake in security system business Unlimited Technology first appeared on AltAssets Private Equity News.

HIG exits sustainable packaging producer Sustana Group to Blackstone Tac Opps

HIG Capital has exited recycled fiber and sustainable packaging and paper products producer Sustana Group to Blackstone Tactical Opportunities. The post HIG exits sustainable packaging producer Sustana Group to Blackstone Tac Opps first appeared on

KKR hires Mukul Chawla from Temasek as newly-created head of growth equity in Asia Pacific to capture startup boom in the region

Global investment major KKR has hired Mukul Chawla from Temasek as partner and the newly-created head of growth equity in Asia Pacific. Chawla will lead the firm's regional investment strategy into emerging, high-growth companies in

INVL seals 27% IRR through full exit of debut Forests Fund to boost Fund II raise

Baltic private equity house INVL Asset Management has scored a 27% IRR through the full exit of its debut Forests Fund as it eyes up to €200m for the vehicle's successor. The post INVL seals

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