Fintech and Finance
Eurazeo Growth, Dawn Capital lead €85m round for Tink

Eurazeo Growth, Dawn Capital lead €85m round for Tink

Swedish open banking platform Tink has raised €85m in a funding round co-led by Eurazeo Growth and Dawn Capital.

Buyout
Platinum Equity seals $7.2bn Ingram Micro carve-out from China’s HNA Technology

Platinum Equity seals $7.2bn Ingram Micro carve-out from China’s HNA Technology

Buyout major Platinum Equity has sealed a $7.2bn deal to carve out Ingram Micro from HNA Technology Co.

Digital Transformation
Digital+ Partners leads VMRay series-B extension

Digital+ Partners leads VMRay series-B extension

Digital+ Partners has led the second part of Germany-based cybersecurity company VMRay’s series-B round, bringing its funding total to $25m.

Software and Hi-Tech
Polaris reaps high-teens return on €1bn sale of Molslinjen

Polaris reaps high-teens return on €1bn sale of Molslinjen

Polaris Private Equity has entered into an agreement to sell ferry route operator Molslinjen to EQT Infrastructure for $1bn.

Amazon
Mountaingate sells stake in Amazon, Google, Facebook marketing expert Tinuiti to New Mountain Capital

Mountaingate sells stake in Amazon, Google, Facebook marketing expert Tinuiti to New Mountain Capital

Mountaingate Capital has sold its stake in Amazon, Google and Facebook marketing specialist Tinuiti to fellow private equity house New Mountain Capital.

Fintech and Finance
Banks face $3.7tn in lost revenue as Covid-19 reshapes industry

Banks face $3.7tn in lost revenue as Covid-19 reshapes industry

The top global investment banks are on course for their best year in a decade, but McKinsey says this is not sustainable

Buyout
K1 Investment Management said to reach $3.25bn for Fund V, eyeing final close next year

K1 Investment Management said to reach $3.25bn for Fund V, eyeing final close next year

K1 Investment Management has reportedly hauled in $3.25bn for easily its biggest fund yet ahead of a final close early next year.

Software and Hi-Tech
ECI sells Arkessa to trade for 2.1x return

ECI sells Arkessa to trade for 2.1x return

ECI Partners has sold cellular connectivity services provider Arkessa for a 2.1x return.

Angel / Venture
Mexican challenger bank albo gets $45m of venture capital funding

Mexican challenger bank albo gets $45m of venture capital funding

Mexican challenger bank albo has secured $45m of VC funding amid plans to become the nation’s answer to Chime.

Angel / Venture
EQT Ventures leads $44m series-B for Cleo

EQT Ventures leads $44m series-B for Cleo

EQT Ventures has led a $44m series-B funding round for digital investment adviser Cleo.

Fundraising
Alder to start raising new fund in H2 2021

Alder to start raising new fund in H2 2021

Swedish private equity firm Alder is preparing to hit the fundraising trail for a new investment vehicle, partner Arash Raisse told Unquote.

Software and Hi-Tech
Summit Partners invests €50m in Solactive

Summit Partners invests €50m in Solactive

Summit Partners has made an investment of €50m in Germany-based financial indices provider Solactive.

Angel / Venture
Insurance, investment giant Prudential raises $300m venture fund through PruVen Capital arm

Insurance, investment giant Prudential raises $300m venture fund through PruVen Capital arm

Insurance and investment management giant Prudential Financial has launched a $300m venture capital fund, its first through subsidiary PruVen Capital.

banking
Eurazeo Growth helps swell open banking platform Tink’s coffers by €85m

Eurazeo Growth helps swell open banking platform Tink’s coffers by €85m

Open banking platform Tink has added another €85m to its coffers in a new investment round-extension co-led by new investor Eurazeo Growth and existing investor Dawn Capital.

Angel / Venture
Rally Ventures races to $250m final close for biggest fundraise yet

Rally Ventures races to $250m final close for biggest fundraise yet

Early stage business tech investor Rally Ventures has hit a $250m final close for its fourth flagship fundraise.

Blue Ocean Funds
EnTrust Global seals $2.1bn final close for specialist maritime financing fundraise

EnTrust Global seals $2.1bn final close for specialist maritime financing fundraise

Alternative asset manager EnTrust Global has scored a $2.1bn final close for its Blue Ocean Funds targeting financing for vessel owners, operators and other maritime businesses.

Politics
A no-deal Brexit could well crush the finance sector, City execs warn

A no-deal Brexit could well crush the finance sector, City execs warn

'It illustrates the uncertainty in the market as to what Brexit actually means, [and] what the future relationship will be,' said Andrew Pilgrim, EY's UK government and financial services leader

Politics
A no-deal Brexit is set to crush the finance sector, City execs warn

A no-deal Brexit is set to crush the finance sector, City execs warn

'It illustrates the uncertainty in the market as to what Brexit actually means, [and] what the future relationship will be,' said Andrew Pilgrim, EY's UK government and financial services leader

Angel / Venture
2021 Preview: Nordic region weathers brunt of pandemic

2021 Preview: Nordic region weathers brunt of pandemic

The Nordic countries this year lived up to their reputation as a haven for private equity, with strong H2 recovery and record venture capital investments in the region. Eliza Punshi reports

Software and Hi-Tech
Verdane invests in AsGoodAsNew

Verdane invests in AsGoodAsNew

Verdane has announced a growth capital investment in Germany-based electronics e-commerce business AsGoodAsNew, acquiring a minority stake in the company.

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