Jared Kushner’s brother Joshua closes $2bn for latest Thrive Capital fundraises

Thrive Capital, the venture capital firm led by Jared Kushner's brother Joshua, has raised $2bn across a pair of new funds.

That’s Asda priced

The financing for the Issa brothers and TDR Capital’s buyout of Asda was priced on Wednesday, breaking multiple records in the process and showing that, for the right issuer in the right conditions, the sterling

Stark leans on pandemic proof to sell CVC buyout loan

Stark Group’s strong performance amid the pandemic is a crucial selling point for investors looking at buying the €1.35bn loan to fund its purchase by CVC, which agreed to buy the firm from Lone Star

Spain adopts moderate pricing approach to seal record 50 year

Unlike its last syndication in January, when Spain lost over €75bn of orders after an aggressive move in pricing, the sovereign took a more cautious approach on its return to the public market this week

Cancelling ECB holdings is the radicalism we need

Thomas Piketty and 100 economists from across Europe put their signatures to an op-ed this week calling for the ECB to cancel its holdings of government debt. ECB president Christine Lagarde said such a move

European inflation sizzle set to fizzle

Eurozone inflation leapt up in January, steepening curves and fuelling feverish demand for long-end bond issues. But the move lacks the vigour and commitment of the US reflation trade and economists expect it to subside

Apollo exits Watches of Switzerland via £143m block

Apollo Global Management has exited Watches of Switzerland, the UK luxury watch retailer, having sold the last of its shares via an accelerated bookbuild.

Netflix rival NENT raises $523m for expansion

Nordic Entertainment Group (NENT), a Swedish entertainment company that operates video streaming and television services, completed a Skr4.35bn ($523m) capital raise on Wednesday evening and attracted enough investor demand to price a larger deal than

IPO candidate IVC Evidensia gets private funding

IVC Evidensia, Europe’s largest veterinary care provider, backed by Swedish private equity firm EQT, has announced the results of a private equity capital raising on Tuesday. The company was reported to be considering a London

JP Morgan issues new synthetic Siemens EB

US banking group JP Morgan has sold a new three-year €390m synthetic bond exchangeable into shares in Siemens, the German industrial conglomerate.

ECB debt forgiveness would unleash chaos

Calls for the European Central Bank to forgive the sovereign debt on its balance sheet may seem harmless, given that most countries are not expected to ever pay off the debt. But such a move

Green equity issuance ready to come of age

Renewable energy companies have rushed to the European equity capital markets in 2021 to issue about $2.3bn of paper, according to Dealogic data. The figure is by far the best ever start to a year

KKR to Present at the Credit Suisse 22nd Annual Financial Services Forum 2021

NEW YORK--(BUSINESS WIRE)-- KKR & Co. Inc. (NYSE: KKR) announced today that Robert Lewin, Chief Financial Officer, will present at the Credit Suisse 22nd Annual Financial Services Forum 2021 on Thursday, February 25, 2021 at

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Aterian’s Bright Buys Bocchi

Aterian’s Bright Buys Bocchi

Bright International, a portfolio company of Aterian Investment Partners, has acquired Bocchi Laboratories from its family ownership. Aterian acquired Bright International in August 2019. Bocchi Laboratories is a high volume contract manufacturer of liquid personal

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Graycliff on the Rise with Buy of Ballymore

Graycliff on the Rise with Buy of Ballymore

Graycliff Partners has acquired Ballymore, a manufacturer of safety-centric equipment used by retailers, OEMs, and distribution customers, from Osage Partners. Ballymore was founded in by John Colgan in 1945 as a manufacturer of rolling ladders.

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Beekman Adds Doors to Windows

Beekman Adds Doors to Windows

GED Integrated, a portfolio company of The Beekman Group, has acquired Norfield, a provider equipment used in the door manufacturing sector. Norfield’s prehung door manufacturing and processing machinery includes cutters, hinge and jamb routers, assemblers,

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New Harbor Closes Fund III

New Harbor Closes Fund III

New Harbor Capital has closed its third private equity fund, New Harbor Capital Fund III LP (Fund III), with $362 million in capital commitments. The firm’s new fund was oversubscribed and closed at its hard

New Horizon seals high price for $263m HK IPO

New Horizon Health, a medical device manufacturer, has scooped up HK$2.04bn ($263.4m) from its IPO after strong institutional investor demand pushed pricing up to the top of the marketed range.

Chinese issuers debut ‘carbon neutrality’ bonds as emissions come in focus

Six Chinese companies sold Rmb6.4bn ($994m) of ‘carbon neutrality bonds’ this week, supporting Beijing’s goal of net zero carbon dioxide emissions by 2060. The format could lead to a spike in international investor interest in

HK SFC plans overhaul of ECM, DCM syndicates

Hong Kong’s Securities and Futures Commission (SFC) is planning to bring in sweeping changes to rules governing equity and bond deals, requiring syndicate teams to be fixed earlier and fee structures to be disclosed. The

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