Kingboard Laminates’ parent offers $101m block

A block sale in the shares of Kingboard Laminates Holdings hit the market on Monday evening as its parent and an affiliate looked to trim their stake in the company.

Ex-JP Morgan banker heads to ExodusPoint Capital

Tao Weng, a former syndicate banker at JP Morgan, has switched to the buy-side and is helming Asia Pacific equity capital markets for hedge fund ExodusPoint Capital Management.

Aksia hires industry veteran as managing director

Aksia has hired investment veteran Chris Thorne as managing director for private equity and real assets research in its London office. Before stepping into his new role, Thorne has clocked up more than 15 years

Ardian acquires PRGX Global for $195m

The Paris-based firm offered $7.71 in cash for each share of the private audit and spending analytics provider

Renewable energy investors seek returns in project development

High volumes of capital flowing into the sector are squeezing the returns produced by operating assets

Aksia hires private equity and real assets research managing director

Chris Thorne has been poached from Temasek

Ares Management raises $11bn for latest Europe fund

The private credit vehicle has surpassed the record for similar funds targeting the region

Consumer Services
PAI buys MyFlower from LFPI and Montefiore

PAI buys MyFlower from LFPI and Montefiore

French private equity firm PAI Partners has entered into exclusive negotiations to acquire a majority stake in online flowers and gifts retailer MyFlower from LFPI and Montefiore Investment.

Software and Hi-Tech
LDC-backed Linley acquires MML's Lomond in £100m merger

LDC-backed Linley acquires MML's Lomond in £100m merger

LDC-backed real estate brokerage Linley & Simpson has acquired sector peer Lomond Capital from MML Capital Partners in a merger that valuates the combined business at £100m.

Digital Transformation
Inflexion acquires DWS minority from Daisy Group for £1bn

Inflexion acquires DWS minority from Daisy Group for £1bn

Inflexion Private Equity has acquired a minority stake in Digital Wholesale Solutions (DWS) from Daisy Group, at a £1bn valuation.

Ferguson inks £308m sale of UK arm to CD&R

The FTSE 100 plumbing supplies company said it expects to complete the transaction by the end of this month

Bitcoin's trading volume higher than Apple's, Microsoft's and Amazon's combined

Opalesque Industry Update - The cryptocurrency market led by Bitcoin has grown exponentially over the last year. The growth has now elevated Bitcoin to compete with traditional class assets based on metrics like average trading

GP-led deals take centre stage in the secondary market

Secondary buyers predict deal volume will rebound strongly in 2021 after the coronavirus pandemic slowed activity in 2020

Digital Transformation
Adelis buys stake in Finnish digital learning firm Valamis

Adelis buys stake in Finnish digital learning firm Valamis

Nordic mid-market investor Adelis Equity Partners has acquired a stake in Finnish software company Valamis alongside its management.

Software and Hi-Tech
IK invests in Valoria Capital

IK invests in Valoria Capital

IK Investment Partners has agreed to invest in Valoria Capital, a French acquisition platform of independent financial advisers.

BlackRock scales back private equity fund ambitions

After struggling to meet a $12bn fundraising goal, the firm has set sights on growing the fund to $4bn to $6bn in assets over time

Waterland acquires UK’s Priory Group for over £1bn

The Dutch buyout firm will combine the rehab provider to the stars with its German peer MEDIAN

It’s time for corporate venture investors to embrace a third way

The surge in investments requires a more collaborative approach

M&A activity set to continue its hot streak this year

For the first time since 2010, equity capital markets’ revenues exceeded M&A fees, as companies rushed to tap capital markets during the first wave of the Covid-19 pandemic

Review: 2020, a year of upheaval and resilience

The Covid-19 pandemic pushed fundraising and dealmaking online but the industry still kept pace with previous years

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