Software and Hi-Tech
YFM promotes Clarke

YFM promotes Clarke

YFM Equity Partners has promoted Mike Clarke to the position of partner.

Angel / Venture
EQT holds €1bn final close on second real estate fund

EQT holds €1bn final close on second real estate fund

The vehicle will make direct and indirect investments from €40m to €200m in real estate assets, portfolios, operating companies and joint ventures in key European cities

Software and Hi-Tech
More than half of company directors looking to reduce office use – report

More than half of company directors looking to reduce office use – report

Institute of Directors' poll shows that how and where we work is likely to change permanently

Fintech and Finance
Warburg Pincus exits fintech business Avaloq in $2.2bn deal

Warburg Pincus exits fintech business Avaloq in $2.2bn deal

Transaction with the Japanese electronics and technology company NEC is expected to close in April 2021

Software and Hi-Tech
TDR, private investors to acquire Asda for £6.8bn

TDR, private investors to acquire Asda for £6.8bn

TDR Capital and private investors have agreed to acquire supermarket chain Asda for £6.8bn.

Manufacturing and Industrial
OpenGate-backed SMAC to sell Axter to trade

OpenGate-backed SMAC to sell Axter to trade

French waterfproofing business SMAC Group, backed by US private equity firm OpenGate, has sold its French subsidiary Axter to IKO Industries, a Belgian manufacturer of residential and commercial roofing products and insulation.

Angel / Venture
Seaya Ventures III holds €85m first close

Seaya Ventures III holds €85m first close

Seaya Ventures has held an €85m first close for its third fund, Seaya Ventures III.

Distressed
PrecapitalPartners to acquire Dat Backhus

PrecapitalPartners to acquire Dat Backhus

Berlin-based GP PrecapitalPartners is to acquire Germany-based bakery chain Dat Backhus, following its insolvency proceedings, which began in April 2020.

Digital Transformation
White Star holds first close for $30m Digital Asset Fund

White Star holds first close for $30m Digital Asset Fund

White Star Capital has held a first close for its new vehicle, Digital Asset Fund, which has a $30m target and invests in crypto-networks and blockchain-enabled businesses.

Angel / Venture
Kennet-, Eight Roads-backed Rimilia sold to trade for up to $150m

Kennet-, Eight Roads-backed Rimilia sold to trade for up to $150m

Kennet Partners and Eight Roads Ventures portfolio company Rimilia, a developer of cash allocation software, has been sold to trade buyer BlackLine.

Digital Transformation
Inspirit invests in Procam Group

Inspirit invests in Procam Group

UK investment firm Inspirit Capital has made an investment in London-based digital cinematography and hire facility Procam Group.

Distressed
Sun Capital's Flabeg acquired by lender Cordet

Sun Capital's Flabeg acquired by lender Cordet

Automotive supplier Flabeg, a portfolio company of Sun Capital, has been acquired by lender Cordet Capital following insolvency proceedings.

Event
Investindustrial launches €600m China-Italy Fund

Investindustrial launches €600m China-Italy Fund

Private equity firm Investindustrial, alongside China's sovereign wealth fund China Investment Corporation (CIC) and Italian lender Unicredit, has launched China-Italy Industrial Cooperation Fund (CIICF), a €600m vehicle investing in Italian mid-market companies.

Fintech and Finance
Further Global acquires majority stake in AA Ireland for €240m

Further Global acquires majority stake in AA Ireland for €240m

Further Global Capital Management has acquired AA Ireland, the roadside assistance and insurance intermediary company, for €240m.

Fintech and Finance
Warburg Pincus sells stake in Avaloq at CHF 2bn valuation

Warburg Pincus sells stake in Avaloq at CHF 2bn valuation

Japan-headquartered NEC Corporation has wholly acquired Switzerland-based banking software platform Avaloq from existing shareholders, including Warburg Pincus, in a deal valuing the fintech company at CHF 2.05bn.

Politics
Global Founders, Rocket et al. in £21m round for Knoma

Global Founders, Rocket et al. in £21m round for Knoma

Global Founders Capital and Rocket Internet have participated in a £21m funding round for technology and coding course provider Knoma.

Software and Hi-Tech
UK equity crowdfunding firms Crowdcube and Seedrs to merge

UK equity crowdfunding firms Crowdcube and Seedrs to merge

The two companies will merge by the end of this year or early 2021

General Partners
GP Profile: Sparring Capital in final push for €200m fundraise

GP Profile: Sparring Capital in final push for €200m fundraise

French GP Sparring Capital (previously known as Pragma Capital) is aiming for a final close in the coming months for its fourth fund, having collected around two thirds of its target. Greg Gille catches up

Consumer Services
Singapore’s GIC, TPG to invest $1bn in Reliance Retail

Singapore’s GIC, TPG to invest $1bn in Reliance Retail

Last week, Abu Dhabi-based sovereign investor Mubadala Investment agreed to invest over $800m for a stake in Reliance Retail

Banking Profiles
UK insurer Liverpool Victoria in talks with Bain Capital

UK insurer Liverpool Victoria in talks with Bain Capital

Liverpool Victoria sold its general-insurance business to Allianz earlier this year

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