Allworth Financial
Parthenon Capital sells Allworth Financial to Ontario Teachers, Lightyear Capital after more than tripling company’s AUM to $10bn

Parthenon Capital sells Allworth Financial to Ontario Teachers, Lightyear Capital after more than tripling company’s AUM to $10bn

Parthenon Capital has agreed to sell its stake in $10bn-managing retirement and wealth management business Allworth Financial to an investment group led by Lightyear Capital and the Ontario Teachers' Pension Plan.

IPO
Genui-backed Fashionette sets IPO price range

Genui-backed Fashionette sets IPO price range

Genui-backed Fashionette, an online platform for luxury fashion accessories, has set the pricing of its planned IPO at €30-38 per share.

Angel / Venture
China’s Legend Capital hits $500m hard cap close for LC Fund VIII

China’s Legend Capital hits $500m hard cap close for LC Fund VIII

Chinese private equity and venture capital major Legend Capital has hit a $500m hard cap close for its eighth flagship fundraise.

Ascend Partners
Ex-Warburg healthcare head eyes up to $300m for debut Ascend Partners fundraise

Ex-Warburg healthcare head eyes up to $300m for debut Ascend Partners fundraise

Warburg Pincus' former global healthcare head is out eyeing up to $300m for the debut fundraise from his firm Ascend Partners.

Fintech and Finance
Video: Howden's O'Brien on the latest M&A insurance developments

Video: Howden's O'Brien on the latest M&A insurance developments

Unquote interviews Joe O'Brien from Howden M&A, the winner of the M&A Insurance Broker Of The Year category at the 2020 British Private Equity Awards.

Software and Hi-Tech
Lithuanian Aid Fund for Business looks to raise up to €500m

Lithuanian Aid Fund for Business looks to raise up to €500m

The Lithuanian state's Aid Fund for Business looks to raise up to €500m and welcomes investor approaches, manager Dainius Vilcinskas has told Unquote.

Politics
Video: market sentiment is on the up, says CIL's Jon Whiteman

Video: market sentiment is on the up, says CIL's Jon Whiteman

Unquote interviews Jon Whiteman from CIL Management Consultants, which won the Commercial Due Diligence Provider Of The Year category at the 2020 British Private Equity Awards.

Buyout
Python software development specialist STX Next gets private equity backing from Innova Capital

Python software development specialist STX Next gets private equity backing from Innova Capital

Python software development specialist STX Next has picked up backing from private equity firm Innova Capital.

Consumer Services
Comment: Democrats could back retail investing – if it has the right protections

Comment: Democrats could back retail investing – if it has the right protections

The idea that ordinary investor access to private equity will be undone by Democratic control in Washington is conjecture

Buyout
Graphite Capital buys up engineering, software testing services specialist Ten10 from Livingbridge

Graphite Capital buys up engineering, software testing services specialist Ten10 from Livingbridge

Graphite Capital has backed the management buy-out of engineering and software testing services provider Ten10 from fellow private equity house Livingbridge.

ANZ Banking Group
Australian banking supremo Gonski joins ex-PM Gillard as latest Leapfrog Investments advisor

Australian banking supremo Gonski joins ex-PM Gillard as latest Leapfrog Investments advisor

Emerging markets-focused LeapFrog Investments has named ANZ Banking Group chairman David Gonski to its global leadership council.

Alpha Investment Partners
Keppel Capital hits first close for $1bn-targeting Asia-Pacific real estate investment fund

Keppel Capital hits first close for $1bn-targeting Asia-Pacific real estate investment fund

Asian asset manager Keppel Capital has hit a first close for its $1bn-targeting real estate fund Alpha Asia Macro Trends Fund IV.

Buyout
Insight Partners backs credit underwriting software developer Zest AI

Insight Partners backs credit underwriting software developer Zest AI

Credit underwriting software developer Zest AI has closed a $15m investment from Insight Partners.

Software and Hi-Tech
No-deal Brexit will ‘spread chaos’, says Invesco

No-deal Brexit will ‘spread chaos’, says Invesco

The dire set of predictions from Invesco come after the UK last week said it was walking away from crucial trade talks with the EU, having failed to secure an agreement by its 15 October

Software and Hi-Tech
Apollo board panel to review Leon Black’s ties with Jeffrey Epstein

Apollo board panel to review Leon Black’s ties with Jeffrey Epstein

Law firm Dechert is selected to examine private equity firm CEO’s dealings with disgraced financier

Software and Hi-Tech
Apollo Board Will Review Leon Black’s Ties to Jeffrey Epstein

Apollo Board Will Review Leon Black’s Ties to Jeffrey Epstein

Mr. Black, the chief executive and chairman of Apollo Global Management, asked independent board members to examine his relationship with the convicted sex offender.

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