Angel / Venture
360 Capital, Fuel Ventures lead $65m round for Heroes

360 Capital, Fuel Ventures lead $65m round for Heroes

360 Capital and Fuel Ventures have participated in a $65m equity and debt financing round for e-commerce business Heroes.

Buyout
Portobello Capital raises €350m secondary fund to keep stakes in and expand long-held portfolio pair

Portobello Capital raises €350m secondary fund to keep stakes in and expand long-held portfolio pair

Spain's Portobello Capital has hauled in €350m for a new secondary fund to hold onto stakes in two of its existing portfolio investments.

Software and Hi-Tech
Quadrivio acquires fashion brand GCDS

Quadrivio acquires fashion brand GCDS

Quadrivio has bought a majority stake in Italian streetwear brand GCDS (God Can't Destroy Streetwear).

Software and Hi-Tech
Literacy invests in Tyrefix

Literacy invests in Tyrefix

Literacy Capital has invested in emergency tyre repair company Tyrefix.

Software and Hi-Tech
The wrong sort of liquidity

The wrong sort of liquidity

Spare a thought for a young loans banker who recently told Taipan about his newfound freedom. I was drinking in Solas when the chap walked in on his own and ordered a Brooklyn Lager. Since

IPO
Jinke Smart Services prices HK$5.9bn IPO at mid-point

Jinke Smart Services prices HK$5.9bn IPO at mid-point

Jinke Smart Services Group, a Chinese property manager, raised HK$5.94bn ($766.1m) this week after sealing its IPO at the mid-point of the marketed range.

Appointments
HKW hires ex-Goldman Sachs investor Ammar in tech investment push

HKW hires ex-Goldman Sachs investor Ammar in tech investment push

Indianapolis-based mid-market private equity firm HKW has hired former Goldman Sachs investor Rick Ammar in a senior role to expand its tech investment efforts.

Digital Transformation
IK buys majority stake in GeoDynamics from Sofindev

IK buys majority stake in GeoDynamics from Sofindev

IK Investment Partners has acquired a majority stake in Belgian software company GeoDynamics from Belgian private equity firm Sofindev and the management.

Software and Hi-Tech
Altitude exits Mortec Semiconductor for 12.6x return

Altitude exits Mortec Semiconductor for 12.6x return

Altitude Partners has sold sensor technology design Moortec to Synopsys, generating a 12.6x return.

Manufacturing and Industrial
Capvis buys Arag

Capvis buys Arag

Swiss private equity firm Capvis has acquired a majority stake in Arag, an Italian manufacturer of sprayers and accessories for precision farming.

Belgium
IK Investment Partners buys into mobile workforce localisation software specialist GeoDynamics

IK Investment Partners buys into mobile workforce localisation software specialist GeoDynamics

IK Investment Partners has tapped its €550m Small Cap II Fund to buy a majority stake in mobile workforce localisation software specialist GeoDynamics.

Angel / Venture
Speedinvest surges towards goal for second fund targeting disruptive digital marketplaces

Speedinvest surges towards goal for second fund targeting disruptive digital marketplaces

European venture capital house Speedinvest is more than halfway to its €50m target for its second fund targeting disruptive digital marketplaces and platforms.

Buyout
Virginia pension commits to HIG Europe distressed fund, new $7.5bn GTCR vehicle – report

Virginia pension commits to HIG Europe distressed fund, new $7.5bn GTCR vehicle – report

The $83bn-managing Virginia Retirement System has committed more than $300m across a pair of private equity funds, including GTCR's newly-closed $7.5bn Fund XIII.

Angel / Venture
Seedcamp hails ‘special’ fundraise as VC firms help new vehicle to massive oversubscription

Seedcamp hails ‘special’ fundraise as VC firms help new vehicle to massive oversubscription

Seedcamp has hailed its 'special' £78m Fund V raise after the vehicle was almost 50% oversubscribed despite volatility around the ongoing global pandemic.

Africa
Pacer Ventures looking to solve funding gap for African startups

Pacer Ventures looking to solve funding gap for African startups

Sub-Saharan Africa's funding gap is the 'most critical problem on the continent' according to Pacer Ventures, which has launched a new fund hoping to solve the issue.

Fintech and Finance
GlobalCapital Asia awards 2020: Investment banks

GlobalCapital Asia awards 2020: Investment banks

In the final instalment of GlobalCapital Asia’s awards announcements, we reveal the best Asian investment bank and the best investment bank in the region for 2020, as well as the bank that stands out for

Oil and Energy
Petronas pockets $752m from dual block trades

Petronas pockets $752m from dual block trades

Malaysian energy giant Petronas raised MR3.05bn ($751.8m) from a pair of secondary share sales on Thursday.

Software and Hi-Tech
Tsinghua Unigroup defaults on dollar bonds

Tsinghua Unigroup defaults on dollar bonds

Embattled Chinese borrower Tsinghua Unigroup Co missed payment on a $450m bond that was due on Thursday, with the non-payment expected to trigger cross-defaults on a number of its other dollar notes.

IPO
Sino-Ocean prices IPO low to net HK$1.7bn

Sino-Ocean prices IPO low to net HK$1.7bn

Chinese property management firm Sino-Ocean Service Holding has scooped up HK$1.74bn ($224.5m) after pricing its IPO below the mid-point of the marketed range.

Event
Nio follows peers with $2.7bn ADS offer

Nio follows peers with $2.7bn ADS offer

Nio has launched a US follow-on offering that could raise up to $2.71bn, becoming the third Chinese electric vehicle (EV) maker to tap the equity market in less than two weeks.

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