Europe
Ermitage launches fund advisory boutique in Helsinki

Ermitage launches fund advisory boutique in Helsinki

Ermitage Partners has announced the launch of its fund advisory boutique and set up an office in Helsinki to help GPs expand their LP-base in Europe and Asia. 

Portfolio Company News
Ufenau's Swiss IT Security buys AV-Test

Ufenau's Swiss IT Security buys AV-Test

Swiss IT Security, a portfolio company of Ufenau Capital Partners, has acquired Germany-based AV Test.

Appointments
Goodwin hires partner O'Dea

Goodwin hires partner O'Dea

Goodwin has hired Geoff O'Dea as a partner in the firm's private equity practice.

Software and Hi-Tech
DBAG announces Q1 NAV value increase

DBAG announces Q1 NAV value increase

Deutsche Beteiligungs AG (DBAG) has announced that the NAV of its private equity investments increased to €437.3m in Q1 2021, marking a 3.6% growth compared with the beginning of its previous financial year.

Europe
Levine Leichtman promotes O'Neill to head of Europe

Levine Leichtman promotes O'Neill to head of Europe

Levine Leichtman Capital Partners has promoted John O'Neill to the position of head of Europe.

Philadelphia pension reveals $100m commitments across social impact, African PE funds

The $6.4bn-managing Philadelphia Board of Pensions & Retirement has committed $100m across two private equity and impact investment funds.

Angel / Venture
MTIP, Akilia et al. invest in Koa Health

MTIP, Akilia et al. invest in Koa Health

MTIP, Akilia Partners, Creas Impacto, Sabadell Asabys and Mundi Ventures have invested around €16m in Koa Health, a digital mental healthcare provider.

Angel / Venture
EQT Ventures leads €75m series-B round for Instabox

EQT Ventures leads €75m series-B round for Instabox

EQT Ventures has led a €75m series-B round for Swedish last-mile logistics startup Instabox.

FountainVest Partners said to near $1bn-plus buyout of CJ Logistics’ Chinese unit CJ Rokin

Chinese private equity house FountainVest Partners is reportedly set to buy logistics business CJ Rokin from South Korea's CJ Logistics at a CNY6.9bn ($1.07bn) valuation.

Remote working boom sees Nexthink strike $1.1bn valuation thanks to Permira-led Series D investment round

Employee IT experience management software business Nexthink has hit a $1.1bn valuation thanks to Series D investment round led by private equity house Permira.

Politics
Monterro opens Munich office

Monterro opens Munich office

Sweden-headquartered B2B software investor Monterro has announced the opening of an office in Munich.

YFM seals quick 2x return selling CPMS to French engineering major Egis

YFM Equity Partners has doubled its money selling rail project business Collaborative Project Management Services Limited to French construction engineering company Egis.

EmergeVest brings in ex-Aberdeen Standard Investments, TransAsia exec Clothier as IR director

Hong Kong private equity house EmergeVest has brought in former Aberdeen Standard Investments and TransAsia Private Capital exec Sam Clothier as investor relations director.

First deal from debut Traction Capital fund sees firm pick up dental industry job platform Kwikly

Hybrid private equity and venture capital house Traction Capital has made the first deal from its debut fund by backing dental industry employment platform Kwikly.

Cutting edge data, software dealmaker OpenOcean strikes first close for €130m-targeting fundraise

Finland-headquartered venture capital investor OpenOcean has picked up €92m towards its third flagship fundraise focused on data solutions and software.

Bardin Hill brings in $600m for new opportunistic credit fund, sidecar vehicle

Investment manager Bardin Hill has raised $600m across an opportunistic credit fund and parallel sidecar vehicle.

Saudi Arabia’s $400bn sovereign wealth fund anchors new NBK Capital credit fund to first close

Saudi Arabia's $400bn Public Investment Fund has anchored the latest fundraise from Middle East private equity house NBK Capital Partners.

Baidu ends four-year loan absence for $3bn

Chinese search engine company Baidu has returned to the loan market after a four-year break, seeking $3bn from its second ever offshore outing. It comes just days after another tech giant Tencent Holdings closed an

Taiping Insurance receives HK$8.7bn for loan refi

China Taiping Insurance Group Co has raised a HK$8.7bn ($1.12bn) loan to refinance debt taken for the acquisition of an office building in Hong Kong.

CVC cranks up leverage with Stark Group buyout

CVC’s secondary buyout of building material firm Stark Group will crank leverage back up at the group, following a tough year when previous owner Lone Star battened down the hatches and paid down debt during

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