Fundraising
AMB :- AlpInvest racks up $9bn for new PE secondaries fund

AMB :- AlpInvest racks up $9bn for new PE secondaries fund

Laxman Pai, Opalesque Asia: AlpInvest Partners, a subsidiary of Washington-based Carlyle Group Inc., wrapped up fundraising for its AlpInvest Secondaries Program VII (ASP VII) with $9 billion, ahead of the $8 billion it ...Article Link

Software and Hi-Tech
Chances of a Brexit deal jump to 81% as EU leader flags ‘a path to an agreement’

Chances of a Brexit deal jump to 81% as EU leader flags ‘a path to an agreement’

Betting odds in favour of a deal have increased rapidly in the last 24 hours as negotiations continue

Europe
EU unveils plans to help banks clean up soured Covid-19 loans

EU unveils plans to help banks clean up soured Covid-19 loans

Way to help Europe’s creaky banks navigate the downturn and be strong enough to lend during the recovery

Buyout
CD&R names senior fundraising, IR exec Kevin Smith as its newest partner

CD&R names senior fundraising, IR exec Kevin Smith as its newest partner

Global private equity major Clayton, Dubilier & Rice has named fundraising and IR specialist Kevin Smith as its latest partner after nine years at the firm.

Angel / Venture
Sanofi et al. back €47m series-B for MinervaX

Sanofi et al. back €47m series-B for MinervaX

Sanofi Ventures, Wellington Partners, Adjuvant Capital and Industrifonden have joined existing investors in a €47.4m series-B funding for Denmark-based biotech startup MinervaX.

Angel / Venture
Klarna rival Zilch gets $30m venture capital-led pre-Series B round

Klarna rival Zilch gets $30m venture capital-led pre-Series B round

Zilch, a London-based FinTech pegged to be the rival to Klarna, has closed an additional $30m in funding to close an oversubscribed pre-Series B in under three weeks.

Event
AlpInvest closes seventh secondaries fund on $9bn

AlpInvest closes seventh secondaries fund on $9bn

AlpInvest Partners has closed its seventh secondaries fund AlpInvest Secondaries Program VII (ASP VII), surpassing its $8bn target and reaching its hard-cap of $9bn.

Manufacturing and Industrial
Mutares to acquire Primetals Technologies France

Mutares to acquire Primetals Technologies France

Mutares has entered into exclusive discussions to acquire steel manufacturing machinery producer Primetals Technologies France in a carve-out from its parent company, Primetals Technologies.

Oil and Energy
Auctus acquires Energiekonzepte Mitteldeutschland

Auctus acquires Energiekonzepte Mitteldeutschland

Auctus Capital Partners has acquired a majority stake in Germany-based Energiekonzepte Mitteldeutschland (EKM), a company that provides solar panels for residential buildings.

Software and Hi-Tech
Equinox buys pesto specialist Clas

Equinox buys pesto specialist Clas

Equinox has acquired an 80% stake in Clas, an Italian pesto producer.

asia
Partners Group buys into Warburg Pincus’ Indian portfolio business Ecom Express

Partners Group buys into Warburg Pincus’ Indian portfolio business Ecom Express

Partners Group has agreed to invest more than $250m in Warburg Pincus portfolio business Ecom Express, one of the largest providers of tech-enabled logistics solutions to the Indian e-commerce industry.

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