Federal cybersecurity, IT and telecoms provider NetCentrics gets Cerberus Capital backing

Distressed investment specialist Cerberus Capital Management has bought cybersecurity, enterprise information technology, and telecommunications specialist NetCentrics. The post Federal cybersecurity, IT and telecoms provider NetCentrics gets Cerberus Capital backing first appeared on AltAssets Private Equity News.

Fintech and Finance
Bowmark fully exits Aston Lark in Howden sale

Bowmark fully exits Aston Lark in Howden sale

Insurance broking group Howden has agreed to acquire UK-based peer Aston Lark from Goldman Sachs Asset Management and Bowmark Capital.

Permira exits medical device maker LSNE after European market debut

Private equity major Permira has exited medical device maker Lyophilization Services of New England (LSNE) to PCI Pharma Services. The post Permira exits medical device maker LSNE after European market debut first appeared on AltAssets

Appointments
Vendis puts Sylphar on the market

Vendis puts Sylphar on the market

Vendis Capital has hired Rothschild to advise on the sale of Sylphar, a Belgium-based over-the-counter (OTC) health products and cosmetics specialist, two sources familiar with the situation said.

Francisco Partners holds $2.2bn hard cap final close for second opportunistic credit fund, almost 3x size of debut fund

Tech investment firm Francisco Partners has held a $2.2bn hard cap final close for its second opportunistic credit fund, beating its original $1.25bn target. It almost tripled the size of its $750m inaugural credit fund

Munich RE venture arm doubles AUM with $500m early-stage, growth fund close

Munich Re Ventures, the venture capital arm of German insurance major Munich Re Group, has hit a $500m final close for its second early-stage and growth investment fund. The post Munich RE venture arm doubles

Genesis Park PE team launch new $275m fund

Four Houston-based finance leaders have launched a new $275m private equity fund, GP Capital Partners, to extend their existing Genesis Park PE investing platform. The post Genesis Park PE team launch new $275m fund first

Black Dragon Capital brings in $386m targeting digitisation disruption opportunity

Miami private equity house Black Dragon Capital has struck a $386m final close for a new private equity fund targeting mid-market tech businesses disrupted by accelerated digitization. The post Black Dragon Capital brings in $386m

Portfolio Company News
Axcel explores dual-track process for Aidian

Axcel explores dual-track process for Aidian

Axcel is exploring exit options for portfolio company Aidian, a Finnish diagnostics business, according to three sources familiar with the situation.

Africa
VC firm 212 to deploy EUR 32m in two years, gears up for exits

VC firm 212 to deploy EUR 32m in two years, gears up for exits

212, a venture capital firm focusing on Turkey, eastern Europe, the Middle East and north Africa, is looking to conduct five to eight further investments, with EUR 32m left in its latest fund to deploy.

Large
Ambienta eyes larger size for fourth fund

Ambienta eyes larger size for fourth fund

Italian sponsor Ambienta is contemplating a return to market in 2022 or 2023 for its next vehicle, which will be larger than its current fund Ambienta III.

Preqin: Private equity fundraising softens in Q3

Opalesque Industry Update - Private equity has been performing well since the pandemic, but some signs of market softness may be appearing in Q3, according to the Q3 2021?amp;euro;?Private Equity Quarterly Report published?amp;euro;?by?amp;euro;?Preqin,?amp;euro;?the global leader

Värde Partners elevates Brad Bauer and Giuseppe Naglieri to Co-CIOs

Opalesque Industry Update - Vamp;auml;rde Partners, a leading global alternative investment firm, today announced it has elevated Deputy Chief Investment Officers (CIOs) Brad Bauer and Giuseppe Naglieri to join Ilfryn Carstairs as Co-CIOs. Brad and

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