advisory
New Mountain Capital sells advisory business OneDigital to Onex Corp after three-year hold

New Mountain Capital sells advisory business OneDigital to Onex Corp after three-year hold

New Mountain Capital has agreed the sale of health, retirement and HR advisory business OneDigital to Onex Corp after three years in its portfolio.

Buyout
Wellspring Capital Management taps $1.45bn Fund VI for Cadence Petroleum Group buyout

Wellspring Capital Management taps $1.45bn Fund VI for Cadence Petroleum Group buyout

New York private equity house Wellspring Capital Management has bought lubricant and fuel product supplier Cadence Petroleum Group.

Buyout
Lucern Capital Partners eyes Philadelphia real estate opportunity with launch of debut fundraise

Lucern Capital Partners eyes Philadelphia real estate opportunity with launch of debut fundraise

Real estate private equity firm Lucern Capital Partners has launched its debut fundraise targeting multifamily and mixed-use investments.

American Bath Group
Lone Star Funds agrees American Bath group sale to Centerbridge Partners

Lone Star Funds agrees American Bath group sale to Centerbridge Partners

Centerbridge Partners has agreed a buyout of shower, bathtub and accessories business American Bath Group from fellow private equity major Lone Star Funds.

AMW Packaging Supply
GenNx360 Capital Partners picks up packaging supplies pair after ‘outsized growth’

GenNx360 Capital Partners picks up packaging supplies pair after ‘outsized growth’

Private equity house GenNx360 Capital Partners has picked up packaging supplies company B2B Industrial and the assets of AMW Packaging Supply.

advisory
Alternatives advisory firm Cliffwater brings in Beyers from Refinitiv as private debt group’s head of capital markets

Alternatives advisory firm Cliffwater brings in Beyers from Refinitiv as private debt group’s head of capital markets

Alternatives advisory and asset management firm Cliffwater has named Refinitiv's Frances Beyers as managing director and head of capital markets at its private debt group.

Angel / Venture
Venture capital trio back software development platform Gitpod’s seed investment round

Venture capital trio back software development platform Gitpod’s seed investment round

Open source software developer platform Gitpod has picked up a $3m seed financing round from Crane Venture Partners, Speedinvest, and Vertex Ventures US.

automotive
Pritzker Private Capital to buy The Sterling Group’s Highline, merge with fellow new investment Warren Distribution

Pritzker Private Capital to buy The Sterling Group’s Highline, merge with fellow new investment Warren Distribution

Pritzker Private Capital has agreed to buy and combine automotive chemical product suppliers Highline Aftermarket Holdings and Warren Distribution.

Angel / Venture
Marketing data management startup Claravine gets Grayhawk Capital-led Series A round

Marketing data management startup Claravine gets Grayhawk Capital-led Series A round

Marketing data management platform Claravine has brought its total outside funding to $12.4m through a new investment round.

Angel / Venture
Payables automation startup Tipalti hits $2bn valuation through new venture capital investment round

Payables automation startup Tipalti hits $2bn valuation through new venture capital investment round

Global payables automation company Tipalti has hit a $2bn valuation through the close of a new $150m funding round.

Angel / Venture
Cybersecurity platform Cyvatar closes $3m venture capital-led seed round

Cybersecurity platform Cyvatar closes $3m venture capital-led seed round

Cyvatar, a cybersecurity company, has closed its seed round on $3m to support the launch of its all-in-one cybersecurity-as-a-service platform.

Business Services
SoftBank, General Atlantic-backed Greensill seeks fresh cash

SoftBank, General Atlantic-backed Greensill seeks fresh cash

Supply chain finance company says business is booming, but it also faces client defaults, regulatory scrutiny and loosening ties from partner firms

Software and Hi-Tech
City to make Square Mile carbon neutral by 2040

City to make Square Mile carbon neutral by 2040

The local authority promised to be carbon neutral in its own operations by 2027

M&A
Euronext acquires Borsa Italiana from London Stock Exchange in €4.3bn deal

Euronext acquires Borsa Italiana from London Stock Exchange in €4.3bn deal

The exchange's announcement follows several acquisitions in Scandinavia this year

Angel / Venture
Germany’s E.ON forms €250m VC group to invest in future energy

Germany’s E.ON forms €250m VC group to invest in future energy

Future Energy Ventures will invest in start-ups 'transforming the energy ecosystem'

Software and Hi-Tech
Firms that shirk diversity are ‘financially stupid,’ says Federated Hermes leader

Firms that shirk diversity are ‘financially stupid,’ says Federated Hermes leader

Saker Nusseibeh, one of the most outspoken chief executives in the City, said improving diversity is 'good for companies and makes good business sense'

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