KKR launches buyout valuing Telecom Italia at €33bn, CVC and Advent remain open to options

Global buyout giant KKR has launched a €10.8bn buyout for Italy's largest phone company Telecom Italia, Reuters reported. Together with the net debt of €22.5bn, the deal would value the company at an enterprise value

Angel / Venture
UVC holds final close for third fund

UVC holds final close for third fund

Munich-headquartered UVC Partners has announced the final close for UVC Partners III on EUR 210m, with its additional founder-backed Opportunity Fund bringing its total deployment capacity to EUR 255m.

WindRose Health Investors buys StateServ Medical from Blue Wolf Capital

Specialist private equity house WindRose Health Investors has bought into StateServ Medical, a provider of durable medical equipment benefit management solutions for the post-acute care market in the US. The post WindRose Health Investors buys

Trilantic Europe picks up Italian bike, e-bike maker Denver following Covid-related sector growth

Private equity house Trilantic Europe has sealed an investment in bike and e-bike maker Denver, with co-founders Michele and Giuseppe Beraudo remaining as minority backers. The post Trilantic Europe picks up Italian bike, e-bike maker

Verdane taps SEK6bn Fund X to back fast-growing Swedish digital e-commerce business Centra

Northern Europe-focused buyout house Verdane has sealed a minority investment in Swedish digital e-commerce platform Centra. The post Verdane taps SEK6bn Fund X to back fast-growing Swedish digital e-commerce business Centra first appeared on AltAssets

Advent International to buy €1bn-generating chemical producer Caldic from Goldman Sachs AM

Global buyout major Advent International  has agreed to acquire €1bn-generating life sciences and specialty chemical producer Caldic BV from Goldman Sachs AM. Caldic will be merged with Advent portfolio company Latin American chemical distributor Grupo

Apollo said to circle iconic UK retailer Marks & Spencer, currently valued at about £4.85bn

Private equity giant Apollo Global could be set for a takeover of iconic UK retailer Marks & Spencer as the business continues its recovery from the effects of the Covid-19 pandemic. The post Apollo said

Event
La Maison Bleue piques sponsor interest as auction kicks off

La Maison Bleue piques sponsor interest as auction kicks off

La Maison Bleue has drawn wide-ranging interest from financial sponsors following the launch of its auction, according to five sources familiar with the matter.

Pharma and Healthcare
G Square transfers ISPS to new fund after sale talks with PAI collapse

G Square transfers ISPS to new fund after sale talks with PAI collapse

Private equity firm G Square has transferred Amphi Holdings – its France-based healthcare and paramedical training specialist portfolio company – to a new fund after the process to sell it came to a halt this

US pension major IMRF reveals $150m of new private equity real estate fund commitments

The $54.9bn-managing Illinois Municipal Retirement Fund has picked a pair of real estate private equity funds for up to $150m of new commitments. The post US pension major IMRF reveals $150m of new private equity

Alternative and Renewable Energy
How Hunter Biden’s Firm Helped Secure Cobalt for the Chinese

How Hunter Biden’s Firm Helped Secure Cobalt for the Chinese

The president’s son was part owner of a venture involved in the $3.8 billion purchase by a Chinese conglomerate of one of the world’s largest cobalt deposits. The metal is a key ingredient in batteries

Sierra Space scores astronomical $1.4bn Series A growth round to reach $4.5bn valuation

Commercial space business Sierra Space has scored a stratospheric $1.4bn Series A round, the second-largest private capital raise ever in the aerospace and defense sector. The post Sierra Space scores astronomical $1.4bn Series A growth

Värde Partners to exit undersea cable owner GCX to 3i in $512m deal

 3i Infrastructure has agreed a $512m deal to acquire communications service provider GCX from a consortium formed by Värde Capital, Bardin Hill Investment and Portsea Asset Management. The post Värde Partners to exit undersea cable

Tailwind agrees Core BTS sale to Nomura Research Institute after significant bolt-on growth

Services-focused private equity house Tailwind Capital jhas agreed to sell Fund III portfolio company Core BTS to Nomura Research Institute. The post Tailwind agrees Core BTS sale to Nomura Research Institute after significant bolt-on growth

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