Software and Hi-Tech
Procuritas buys and merges Medpro and Omtanken

Procuritas buys and merges Medpro and Omtanken

Procuritas has acquired and merged Swedish primary care providers Medpro and Omtanken.

Angel / Venture
Flashpoint VC strikes initial close for first fund since rebrand from Buran Venture Capital

Flashpoint VC strikes initial close for first fund since rebrand from Buran Venture Capital

Tech investor Flashpoint Venture Capital has hit a first close for its debut fund since rebranding from Buran Venture Capital last year.

Consumer Services
Accel leads $21m round for Taxdoo

Accel leads $21m round for Taxdoo

Accel has led a $21m series-A funding round for Germany-based Taxdoo, a company that provides VAT filing software for online retailers.

Software and Hi-Tech
Providence buys La Centrale

Providence buys La Centrale

Providence Equity Partners has acquired a majority stake in French car classifieds provider La Centrale from Axel Springer.

Large
Carlyle’s AlpInvest raises $9bn for latest secondaries fund

Carlyle’s AlpInvest raises $9bn for latest secondaries fund

The new capital pool is considerably larger than its predecessor, which raised $6.5bn in 2017

Pharma and Healthcare
Gyrus completes recap for DuPont Sustainable Solutions

Gyrus completes recap for DuPont Sustainable Solutions

Gyrus has completed a recapitalisation for Switzerland-based environmental health and safety consultancy DuPont Sustainable Solutions (DSS).

Digital Transformation
Bahamas passes Digital Assets and Registered Exchanges Bill to establish legal foundation for a new industry

Bahamas passes Digital Assets and Registered Exchanges Bill to establish legal foundation for a new industry

Opalesque Industry Update - The passage of the Digital Assets and Registered Exchanges Bill, 2020 (DARE) has put in place the legal framework for a vital, well-regulated and compliant industry in The Bahamas for those

Buyout
LDC seals quick Texthelp exit to Five Arrows after boosting revenue 40% in 18 months

LDC seals quick Texthelp exit to Five Arrows after boosting revenue 40% in 18 months

Lloyds Bank private equity arm LDC has sealed a rapid exit of Texthelp to fellow buyout house Five Arrows after just 18 months in its portfolio.

Software and Hi-Tech
Providence in talks to buy Groupe La Centrale from Axel Springer

Providence in talks to buy Groupe La Centrale from Axel Springer

German publisher said in a statement it would retain a minority stake in the French car classifieds company

Buyout
Private equity fundraising will hit record $330bn next year, PitchBook predicts

Private equity fundraising will hit record $330bn next year, PitchBook predicts

Private equity fundraising will bounce back from its coronavirus-induced wobble to hit an all-time high of more than $330bn in 2021, data specialist PitchBook is predicting.

Oil and Energy
FSN to acquire 45% stake in Obton

FSN to acquire 45% stake in Obton

Norwegian private equity firm FSN Capital has signed an agreement to acquire a 45% stake in Obton Group, a Denmark-based solar power and real estate investor, alongside the founders and management.

Boston
BPEA bags $570m across new flagship fund, dedicated healthcare investment vehicle

BPEA bags $570m across new flagship fund, dedicated healthcare investment vehicle

Boston-based buyout house BPEA has raised $570m across its fifth flagship fund and a dedicated healthcare vehicle.

Buyout
Ex-Kleiner Perkins, Amgen execs seal $500m double fundraise targeting transformative life science companies

Ex-Kleiner Perkins, Amgen execs seal $500m double fundraise targeting transformative life science companies

Westlake Village BioPartners has launched a pair of funds totalling $500m targeting life sciences companies with transformative human therapeutic technologies.

Angel / Venture
Ross Fubini’s XYZ Venture Capital collects $80m for Fund II final close

Ross Fubini’s XYZ Venture Capital collects $80m for Fund II final close

XYZ Venture Capital, the early-stage investment house launched by prolific investor Ross Fubini, has closed its second fundraise on $80m.

Portfolio Company News
Covid-19 drives the rise of the interim CEO at portfolio companies

Covid-19 drives the rise of the interim CEO at portfolio companies

Senior leaders who led businesses through that credit crunch and recession are perhaps the most in-demand of all

Europe
2021 Preview: Southern Europe looks for 2021 rebound

2021 Preview: Southern Europe looks for 2021 rebound

The general uncertainty spread by the coronavirus pandemic hit both dealflow and fundraising activity across southern Europe in 2020 – but local players are still looking forward to a gradual recovery in 2021, writes Alessia

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