Software and Hi-Tech
General Atlantic promotes two

General Atlantic promotes two

General Atlantic has promoted Melis Kahya Akar to the position of managing director and Caroline Woodworth to the position of principal.

Angel / Venture
Female founders, CEOs seeing disproportionate VC funding hit from Covid-19 pandemic

Female founders, CEOs seeing disproportionate VC funding hit from Covid-19 pandemic

Female founders and CEOs have disproportionately suffered from the VC funding drop in the wake of the Covid-19 pandemic, new research shows.

General Partners
UK activity on the up, but market braces for tax hit

UK activity on the up, but market braces for tax hit

In a volatile year, which has seen buy-and-build and technology deals increase, GPs have adjusted working habits to achieve some semblance of normality in their operations, drawing investment volumes back towards pre-Covid-19 levels. Katharine Hidalgo

Buyout
Wellington Management raises $2.2bn across new private equity fund, co-investment capital

Wellington Management raises $2.2bn across new private equity fund, co-investment capital

Investment house Wellington Management has hauled in $2.2bn across its latest private equity fundraise and co-investment commitments.

Business Services
Carlyle sells logistics portfolio in northern Italy to Axa IM for €270m

Carlyle sells logistics portfolio in northern Italy to Axa IM for €270m

The European logistics sector continues to benefit from structural shifts driven by the rapid growth of e-commerce

Buyout
Inflexion seals 3x return selling Lane Clark & Peacock to Charterhouse Capital

Inflexion seals 3x return selling Lane Clark & Peacock to Charterhouse Capital

UK private equity house Inflexion has sealed a better than 3x return selling its stake in financial consultancy Lane Clark & Peacock to Charterhouse Capital Partners, AltAssets understands.

Software and Hi-Tech
G4S reaches agreement with PE-backed Allied Universal for £3.8bn sale

G4S reaches agreement with PE-backed Allied Universal for £3.8bn sale

Despite the announcement, investors bet the takeover fight for the security group is far from over

Distressed
Monarch Alternative Capital raises $3bn for distressed debt fund

Monarch Alternative Capital raises $3bn for distressed debt fund

With offices in New York and London, the firm manages around $8.3bn across closed-end, open-end and other vehicles, focusing on distressed and opportunistic credit investments

Consumer Services
Bankrupt Ann Taylor owner gets green light for sale to Sycamore Partners

Bankrupt Ann Taylor owner gets green light for sale to Sycamore Partners

Ascena Retail Group hopes to wrap up the $540m sale out of bankruptcy despite the US Department of Justice objection

Buyout
Mid Europa Partners carves out Polish arm of software major Sage Group

Mid Europa Partners carves out Polish arm of software major Sage Group

Central European private equity major Mid Europa Partners has agreed to carve out cloud business management company Sage Poland from The Sage Group.

Andreessen Horowitz
Moov Financial gets hefty $27m Series A investment led by Andreessen Horowitz

Moov Financial gets hefty $27m Series A investment led by Andreessen Horowitz

Moov Financial has closed a hefty $27m Series A round, just three months after it raised $5.5m of seed capital.

Large
TGI Fridays owner’s net asset value hit by pandemic

TGI Fridays owner’s net asset value hit by pandemic

London-based Electra Private Equity said the valuation of its three largest investments--TGI Fridays, Hotter Shoes and Sentinel Performance Solutions--was reduced by £58.4m from September 2019

banking
Child-focused banking app gohenry gets $40m Edison Partners-led funding round

Child-focused banking app gohenry gets $40m Edison Partners-led funding round

Gohenry, developers of a prepaid card that aims to help children build healthy financial habits, has collected $40m for its latest funding round.

Software and Hi-Tech
Should retirees looking for better returns consider private equity?

Should retirees looking for better returns consider private equity?

Can buyout firms provide the sort of returns required by people planning their retirement? Maybe, says a recent study.

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