Deal Sourcing / Execution
EQT sells Iver to ICG

EQT sells Iver to ICG

EQT has agreed to sell Sweden-based IT-outsourcing business Iver Holding to Intermediate Capital Group (ICG).

European private equity seals powerful rebound from Covid shock

The European private equity industry has rebounded strongly in the last 12 months following the initial shock of Covid-19-induced lockdowns, new data suggests. The post European private equity seals powerful rebound from Covid shock first

Software and Hi-Tech
Livingbridge buys World of Books from Bridges

Livingbridge buys World of Books from Bridges

Livingbridge has acquired a majority stake in World of Books Group, a UK-based online reseller of secondhand books, from Bridges Fund Management.

Inflexion follows busy start to 2021 with four new partners amid string of promotions

UK private equity firm Inflexion has named four new partners amid a string of promotions as it looks to continue its busy start to 2021. The post Inflexion follows busy start to 2021 with four new

Consumer Services
True holds £275m final close for third fund

True holds £275m final close for third fund

Consumer-sector-focused True (formerly True Capital) has held a final close for its third fund on its hard-cap of £275m.

Fintech and Finance
Charterhouse to exit Siaci Saint Honoré to OTPP et al.

Charterhouse to exit Siaci Saint Honoré to OTPP et al.

Charterhouse Capital Partners has entered into exclusive negotiations to sell its stake in France-headquartered B2B insurance broker Siaci Saint Honoré (SSH) to a consortium of investors led by Ontario Teachers' Pension Plan Board (OTPP).

Charterhouse agrees Siaci Saint Honoré at better than €1.7bn valuation – source

Charterhouse Capital has entered exclusive talks for what AltAssets understands is a €1.7bn sale of B2B insurance brokerage Siaci Saint Honoré. The post Charterhouse agrees Siaci Saint Honoré at better than €1.7bn valuation – source

Europe
European PE buyout activity sets new record in H1

European PE buyout activity sets new record in H1

A hectic first quarter drove an unprecedented spike in deal activity in the first half of 2021, while aggregate value is just shy of hitting an all-time high, according to Unquote Data.

EQT to buy Cypress Creek Renewables from HPS and Temasek to debut in US renewable energy market

Private equity major EQT has agreed to acquire renewable energy platform Cypress Creek Renewables from HPS Investment Partners and Temasek through its Infrastructure V fund. The deal marks the firm’s first acquisition of a renewable

Bridges Fund Management scores huge return selling World of Books to Livingbridge after massive valuation rise

Bridges Fund Management has scored what is believed to be a stellar return selling a stake in World of Books to fellow private equity house Livingbridge. The post Bridges Fund Management scores huge return selling

Access Capital Partners
Keen LP interest in European small buyout sector sees Access Capital close new fund of funds on €814m

Keen LP interest in European small buyout sector sees Access Capital close new fund of funds on €814m

European private equity investor Access Capital Partners has burst through its goal for its eighth flagship small buyout fund of funds raise to reach an €814m final close. The post Keen LP interest in European

Quadrum hits twice-raised hard cap for debut fund targeting institutional investors, closes on €250m

Quadrum Capital has hit a €250m final close for its debut fund targeting institutional investors after an impressive fundraising process saw it raise the vehicle's hard cap twice. The post Quadrum hits twice-raised hard cap

Navis Capital exits Amazon Papyrus to Longreach Group after strong Covid performance, source puts EV at about $200m

Singapore headquartered Navis Capital has sold its controlling interest in specialty chemical provider Amazon Papyrus to fellow buyout firm Longreach Group after sailing through the Covid-19 pandemic with strong performance.  The post Navis Capital exits

Software and Hi-Tech
Pemberton hires Graeme Dell as COO

Pemberton hires Graeme Dell as COO

Private credit fund manager Pemberton Asset Management has appointed Graeme Dell as its new chief operating officer.

asset manager
TA-backed asset manager Russell Investments launches new private markets fund targeting UK LPs

TA-backed asset manager Russell Investments launches new private markets fund targeting UK LPs

Russell Investments has launched the follow up to its debut $185m private markets fund closed two years ago. The post TA-backed asset manager Russell Investments launches new private markets fund targeting UK LPs first appeared

Retail specialist True launches £275m third fund in wake of online shopping boom at portfolio businesses

Retail and consumer specialist True has launched its £275m third investment fund as its investments in online sellers pay dividends amid the Covid-19 crisis. The post Retail specialist True launches £275m third fund in wake

Appointments
Park Square IR head Piers Dennison joins Greenbrook

Park Square IR head Piers Dennison joins Greenbrook

Piers Dennison has joined communications consultancy Greenbrook as an adviser following eight years at private debt specialist Park Square Capital.

Software and Hi-Tech
Apollo confirms interest in Morrisons bid

Apollo confirms interest in Morrisons bid

Apollo Global Management has confirmed press reports that it is considering an offer for UK-based supermarket chain WM Morrison Supermarkets (Morrisons), following the Fortress-led bid for the business.

The return of the mega-buyout

Club deals fell out of favour after the financial crisis. Now private equity groups are teaming up once again as they race to deploy record mountains of cash

Software and Hi-Tech
Ashridge scores 1,439% IRR on Marclay after four-month hold

Ashridge scores 1,439% IRR on Marclay after four-month hold

Ashridge Capital has netted a 2.6x multiple by exiting UK-based cybersecurity firm Marclay just four months after investing, resulting in a 1,439% IRR.

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