Golding holds final close of buyout fund at €375m

Fund will focus on digital transformation opportunities

Ex-Ares, Cerberus dealmaker Alex Wolf’s Kingswood Capital strikes $230m hard cap fund close

Kingswood Capital, the lower mid-market private equity house launched by former Ares and Cerberus exec Alexander Wolf, has hit a $230m hard cap final close for its debut fund.

Politics
Kester Capital backs Optibrium

Kester Capital backs Optibrium

Kester Capital has acquired a majority stake in drug discovery software developer Optibrium.

Hedge funds start the year by outperforming the global equity market led by distressed debt and event driven strategies

Opalesque Industry Update - The Eurekahedge Hedge Fund Index was up 0.37% in January 2021, outperforming the global equity market as represented by MSCI ACWI (Local) which gained 0.11% over the same period. Global equities

Politics
TA Associates to invest in French company DL Software

TA Associates to invest in French company DL Software

Growth investor TA Associates has entered exclusive negotiations to acquire a majority stake in DL Software, a France-based group of enterprise resource planning (ERP) software providers.

Big LP reup helps Finch Capital hit first close for €150m fundraise as firm doubles down on fintech startups

A huge reup from returning LPs has seen Finch Capital strike a first close for its €150m-targeting third fund aimed at European fintech and AI startups.

Manufacturing and Industrial
MML acquires Western Global in £90m deal

MML acquires Western Global in £90m deal

MML Capital has acquired industrial liquid storage company Western Global for an enterprise value of £90m.

Golding Capital raises biggest-ever buyout fund of funds, eyes H2 for launch of follow-up vehicle

Golding Capital Partners has raised its biggest ever buyout fund of funds at €375m - and is already prepping for its follow-up raise before the end of the year.

Consumer Services
DeA Capital buys coffee producer Ekaf Cellini

DeA Capital buys coffee producer Ekaf Cellini

DeA Capital Alternative Funds has acquired a majority stake in Italian coffee specialist Ekaf Cellini.

Manufacturing and Industrial
PE-backed Oatly could list as early as May – report

PE-backed Oatly could list as early as May – report

Swedish oat milk manufacturer Oatly could list as early as May 2021 and fetch a potential value of around $10bn, according to a newswire report.

Sanitiser, disinfectant chemical specialist Lonza SI bought by Cinven, Bain Capital in $4.7bn deal

Private equity majors Cinven and Bain Capital have agreed to buy microbial control chemical specialist Lonza Specialty Ingredients in a CHF4.2bn ($4.7bn) deal.

Cornell Capital, Trilantic NA create AI-powered healthcare staffing platform with triple buyout

Private equity investors Cornell Capital LLC and Trilantic North America have bought healthcare staffing specialists Trustaff Management and CardioSolution alongside AI-driven online job marketplace Stella.ai.

PE-backed borrowers with risky loans hope to boost their green credentials

Some companies are asking investors to trim their interest costs on risky loans if they hit ESG targets

Robinhood to push forward with IPO despite GameStop backlash

Robinhood has recently added $2.4bn in a round led by Ribbit Capital and a further $1bn from current investors

Covid revenue boom for Notonthehighstreet sees Great Hill Partners come in as majority investor

UK curated online marketplace Notonthehighstreet has been bought by growth equity firm Great Hill Partners following stunning revenue growth amid 2020's pandemic lockdowns.

Tikehau Capital taps up Middle East investment veteran Karimi to boost expertise in region

Alternative asset manager Tikehau Capital has brought in KHK & Partners co-founder Hassan Karimi as senior advisor in the Middle East region.

OCBC provides two Sofr loans in Hong Kong

Banks operating in Hong Kong are actively pushing for the adoption of alternative risk-free rates as the deadline for phasing out Libor, the old lending benchmark, approaches.

Asda buyout to test size of sterling HY mart

Asda has launched the largest ever sterling high yield bond, and the largest single tranche in the whole European high yield market, to fund the takeover of the UK supermarket group by the Issa Brothers

HH&L Spac nets $360m from bigger IPO

HH&L Acquisition Corp has bagged $360m after increasing the size of its New York Stock Exchange IPO, in yet another sign that Asia-focused blank cheque companies are surging in popularity.

'Covid-19 winner' ATG launches IPO with cornerstones

Auction Technologies Group (ATG), the UK technology company that runs online auctions and produces proprietary software for online auctions, has begun investor education for its IPO on the London Stock Exchange and has secured cornerstone

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