Oil giants turn to startups for low-carbon energy ideas

BP and Shell bolster their venture capital arms as they seek to reduce dependence on fossil fuels

Software and Hi-Tech
DBAG acquires Dantherm Group from Procuritas

DBAG acquires Dantherm Group from Procuritas

Deutsche Beteiligungs AG (DBAG) is to acquire a majority stake in Denmark-based heating, ventilation and air conditioning (HVAC) business Dantherm Group from Procuritas.

Blackstone in talks to buy BPEA’s Inteplex, deal expected to be over $1bn – report

Buyout giant Blackstone is reportedly in talks for a $1bn-plus buyout of Baring Private Equity Asia-backed tech services provider Interplex. The post Blackstone in talks to buy BPEA’s Inteplex, deal expected to be over $1bn

Europe
Multiples Heatmap: PE continues to pay ever more for assets

Multiples Heatmap: PE continues to pay ever more for assets

Though European private equity deal activity cooled slightly in Q2 2021, the prices paid for assets did not, recording their fifth quarterly increase to 11.8x, according to the latest Clearwater Multiples Heatmap.

Schroders Capital, CIM hit £192m final close for UK social supported housing fund

Schroders Capital and Civitas Investment Management have hit a £192m third and final close for their UK-focused Social Supported Housing Fund. The post Schroders Capital, CIM hit £192m final close for UK social supported housing fund

Software and Hi-Tech
Waterland buys fire safety business Writech

Waterland buys fire safety business Writech

Waterland Private Equity has acquired Ireland-based fire protection systems business Writech.

FinTech Collective raises $250m across new core fund, DeFi-focused vehicle

Venture Capital firm FinTech Collective has closed a pair of funds, which have a combined value of $250m and will invest into FinTechs around the world. The post FinTech Collective raises $250m across new core

Germany’s Golding Capital expands to Switzerland under veteran UBS exec Frühauf

German private equity investor Golding Capital Partners has expanded to Switzerland through the launch of a Zurich office. The post Germany’s Golding Capital expands to Switzerland under veteran UBS exec Frühauf first appeared on AltAssets

Buyout
TA Associates buys into IT admin support software specialist PDQ

TA Associates buys into IT admin support software specialist PDQ

TA Associates has agreed to invest in IT asset management software provider PDQ to help accelerate the company's growth. The post TA Associates buys into IT admin support software specialist PDQ first appeared on AltAssets

Another big return for Procuritas as firm seals Dantherm sale to DBAG – source

Swedish private equity house Procuritas has scored a powerful return selling climate control specialist Dantherm Group to German investment house Deutsche Beteiligungs. The post Another big return for Procuritas as firm seals Dantherm sale to

PE-backed UK broadband firm nears deal with Mubadala Investment

Investment would see the UK fibre-optic broadband provider valued at £2bn, as competition in the sector hots up

GTCR promotes long-serving exec Kos to managing director

Private equity major GTCR has promoted John Kos to managing director after 15 years with the firm. The post GTCR promotes long-serving exec Kos to managing director first appeared on AltAssets Private Equity News.

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