Wells Fargo sells $600bn asset management arm to buyout firms GTCR, Reverence Capital Partners

Private equity firms GTCR and Reverence Capital Partners have agreed to carve out Wells Fargo Asset Management in a $2.1bn deal.

Digital Transformation
Avedon Capital acquires Macaw

Avedon Capital acquires Macaw

Avedon Capital Partners is to acquire a majority stake in Netherlands-based digital marketing service Macaw.

Tikehau banks over €1bn for energy transition fund

Over the last 18 months, Tikehau Capital’s T2 energy transition fund has invested €440m in European SMEs

Tikehau banks over €1bn for energy transition fund

Over the last 18 months, Tikehau Capital’s T2 energy transition fund has invested €440m in European SMEs

Politics
Lugard Road invests $73m in Investcorp-backed Ageras

Lugard Road invests $73m in Investcorp-backed Ageras

Investcorp-backed Ageras, a Danish online marketplace and accountancy software provider, has raised $73m from US-based alternative asset manager Lugard Road Capital.

Sequoia Capital hacked, warns LPs personal and financial info may have been accessed

Venture capital giant Sequoia Capital has warned investors their personal and financial may have been accessed by hackers after an employee reportedly fell prey to a phishing email.

Oil and Energy
Tikehau closes T2 Energy Transition Fund on €1.1bn

Tikehau closes T2 Energy Transition Fund on €1.1bn

Tikehau Capital has held a €1.1bn final close for its private equity vehicle dedicated to energy transition, T2 Energy Transition Fund.

Consumer Services
Primary Capital takes minority in Sigma Sports

Primary Capital takes minority in Sigma Sports

Primary Capital Partners has taken a minority stake in Sigma Sports, an omni-channel retailer of cycling equipment.

Central banks of China and United Arab Emirates join digital currency project for cross-border payments

Opalesque Industry Update - The Digital Currency Institute (DCI) of the People 's Bank of China (PBC) and the Central Bank of the United Arab Emirates (CBUAE) have joined a central bank digital currency project

UCITS and AIF ended 2020 with record net sales in December

Opalesque Industry Update - The European Fund and Asset Management Association (EFAMA) has published its Investment Fund Industry Fact Sheet for December together with an overview of the net sales data for UCITS and AIFs

KKR creates Chile’s first open-access fibre business with $1bn Telefonica network stake buy

Private equity investment major KKR has agreed a roughly $1bn buyout of a majority stake in Telefónica's Chilean fibre optic network.

Praesidian Capital promotes long-serving investment exec Tom Duffy to partner

Transatlantic private equity investor Praesidian Capital has promoted long-serving investment exec Tom Duffy to partner.

Blackstone brings in energy veteran Conn following troubled tenure as Centrica CEO

Global private equity giant Blackstone has brought in former Centrica CEO Iain Conn as a senior advisor for energy and sustainability investing.

Angel / Venture
Downing leads $10m StorageOS series-B

Downing leads $10m StorageOS series-B

Downing Ventures has led a $10m series-B funding round for storage software company StorageOS.

Appointments
Kempen appoints Willigers

Kempen appoints Willigers

Kempen Capital Management has appointed Jorrit Willigers as a director in the firm's private markets team.

Politics
Multiples Heatmap: average pricing hits 11x in busy Q4

Multiples Heatmap: average pricing hits 11x in busy Q4

A busy buyout market firmly focused on top-flight assets resulted in average entry multiples continuing their upward march in Q4, according to the latest Clearwater Multiples Heatmap.

Appointments
17Capital hires Chatin as IR and fundraising director

17Capital hires Chatin as IR and fundraising director

Preferred equity specialist 17Capital has hired Pauline Chatin as investor relations and fundraising director, with immediate effect.

Politics
Atomico leads $11m series-A for Katana

Atomico leads $11m series-A for Katana

Atomico has led an $11m series-A round for Katana, an Estonian developer of enterprise resource planning software.

British financial firms suffer from lack of equivalence as EU plays for time

Brussels could easily grant special status but it wants to see where the dust settles

British financial firms suffer from lack of equivalence as EU plays for time

Brussels could easily grant special status but it wants to see where the dust settles

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