Software and Hi-Tech
Bin ‘Dear Sirs’ in legal letters, litigation partner says

Bin ‘Dear Sirs’ in legal letters, litigation partner says

'Dear colleagues' or 'Dear [Name of firm]' are better ways of greeting other lawyers, says Hausfeld's Craig

Software and Hi-Tech
TriSpan Opportunities Fund II holds first close

TriSpan Opportunities Fund II holds first close

Global private equity firm TriSpan has held a first close for its TriSpan Opportunities Fund II.

Appointments
Duff & Phelps appoints Bretag

Duff & Phelps appoints Bretag

Duff & Phelps has hired Frank Bretag as a managing director, expanding its DACH region corporate finance team.

Portfolio Company News
Kartesia in €32m refinancing for Enterprise-backed Nu-Med

Kartesia in €32m refinancing for Enterprise-backed Nu-Med

Kartesia has provided Enterprise Investors portfolio company Nu-Med with a €32m refinancing package.

Pharma and Healthcare
Liberta Partners acquires Forteq Healthcare

Liberta Partners acquires Forteq Healthcare

Liberta Partners has acquired a majority stake in Switzerland-based medical devices producer Forteq Healthcare in a carve-out from Forteq Group.

Software and Hi-Tech
EU negotiator en route to London for Friday evening Brexit talks

EU negotiator en route to London for Friday evening Brexit talks

The UK’s transition period is set to end on 31 December, leaving just five weeks for a deal to be agreed

Angel / Venture
VC firms help B2B software-as-a-service specialist Paddle to $68m Series C round

VC firms help B2B software-as-a-service specialist Paddle to $68m Series C round

Paddle, a B2B software-as-a-service platform, has closed its Series C round on $68m to continue its growth momentum.

Software and Hi-Tech
Cadence Growth Capital invests in PlusDental

Cadence Growth Capital invests in PlusDental

Cadence Growth Capital has invested in Berlin-headquartered dental platform PlusDental.

2020
Canadian private equity, venture capital deals slump in Q3 as Covid uncertainty continues

Canadian private equity, venture capital deals slump in Q3 as Covid uncertainty continues

Canadian private equity activity in 2020 has slumped below its four-year average thanks to a weak third quarter which lacked big deals, new research shows.

Politics
LDC sells NBS to TA-, Stirling-backed Byggfakta

LDC sells NBS to TA-, Stirling-backed Byggfakta

LDC has sold its stake in construction software company NBS to trade buyer Byggfakta Group.

Angel / Venture
ProFounders leads €4.1m series-A for Nodalview

ProFounders leads €4.1m series-A for Nodalview

London-headquartered venture capital house ProFounders Capital has led a €4.1m series-A round for Belgium-based real estate startup Nodalview.

Distressed
Sycamore bids $540m for Ann Taylor and other store brands

Sycamore bids $540m for Ann Taylor and other store brands

US-based private equity firm moves to acquire Ann Taylor, Lane Bryant, Loft and Lou & Grey stores out of bankruptcy

Brian Sheth
Vista co-founder Sheth resigns after 20 years in wake of Robert Smith tax fraud

Vista co-founder Sheth resigns after 20 years in wake of Robert Smith tax fraud

Vista Equity Partners co-founder Brian Sheth has resigned after two decades with the firm in the wake of firm founder Robert Smith's admission of a 15-year tax fraud.

Portfolio Company News
Flexstone invests €6.3m in ProA-backed Pastas Gallo

Flexstone invests €6.3m in ProA-backed Pastas Gallo

Flexstone Partners has invested €6.3m in Spanish pasta maker Pastas Gallo, a portfolio company of private equity firm ProA Capital.

Software and Hi-Tech
German prosecutors investigate EY’s role in collapse of Wirecard

German prosecutors investigate EY’s role in collapse of Wirecard

EY has become a target of intense criticism in Germany, where regulators and the government are trying to unravel how the alleged fraud took place

Fintech and Finance
GP Profile: Tyrus banks on quick secondaries turnaround

GP Profile: Tyrus banks on quick secondaries turnaround

Currently raising its fifth-generation fund, Tyrus Capital's private equity secondaries strategy has seen growing dealflow and is closing in on several investment opportunities. Katharine Hidalgo talks to Gunter Waldner, the firm's head of private equity

Event
Schroder British Opportunities raises £75m, missing £250m target

Schroder British Opportunities raises £75m, missing £250m target

When launched the strategy, the company said the pandemic and other macro factors would create an increased need by UK companies for fresh equity, and that a proactive public and private equity investment would generate

BPO
Montagu Private Equity revealed to be in talks with takeover of Capita unit ESS, deal could exceed £500m

Montagu Private Equity revealed to be in talks with takeover of Capita unit ESS, deal could exceed £500m

Business process outsourcing specialist Capita Plc has confirmed it has entered exclusive talks with UK private equity Montagu over a potential buyout of its Education Software Solutions business.

asia
Private equity firms said to bid for Fancl’s Asia ex-Japan business, deal could near $1bn

Private equity firms said to bid for Fancl’s Asia ex-Japan business, deal could near $1bn

Private equity majors including Blackstone and Carlyle are reportedly among a cluster of bidders for skincare brand Fancl’s Asia business outside Japan which could see it valued at about $1bn.

Buyout
Enterprise Investors taps €498m Fund VIII for PragmaGO take-private offer

Enterprise Investors taps €498m Fund VIII for PragmaGO take-private offer

Enterprise Investors has tapped its €498m Polish Enterprise Fund VIII to pick up PragmaGO, a provider of financial services to the SME sector.

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