auto
KPS Capital agrees $2.1bn Garrett Motion ‘stalking horse’ bid following bankrupty filing

KPS Capital agrees $2.1bn Garrett Motion ‘stalking horse’ bid following bankrupty filing

Private equity house KPS Capital Partners has agreed a $2.1bn 'stalking horse' buyout US vehicle parts business Garrett Motion after the company filed for bankruptcy protection.

Angel / Venture
Icebreaker leads €1.6m round for Fixably

Icebreaker leads €1.6m round for Fixably

Finnish business Fixably, which develops software for computer repair technicians, has raised €1.6m in a round led by venture capital firm Icebreaker.

Pharma and Healthcare
BGF invests £3m in 365 Response

BGF invests £3m in 365 Response

BGF has invested £3m in healthcare software provider 365 Response.

Consumer Services
Polaris and AAC Capital exit BabySam to trade – report

Polaris and AAC Capital exit BabySam to trade – report

Polaris and AAC Capital have sold their stakes in Danish baby products retailer BabySam to another retailer, Alt Til Barnet, according to local press reports.

Affirm
Venture capital helps ‘buy now, pay later’ fintech business Affirm to $500m investment round

Venture capital helps ‘buy now, pay later’ fintech business Affirm to $500m investment round

Affirm, a buy-now-pay-later tech startup, has closed its Series G round on $500m.

asia
Canada pension giant looks to accelerate Asia dealmaking with new Singapore office

Canada pension giant looks to accelerate Asia dealmaking with new Singapore office

The $204bn-managing Ontario Teachers' Pension Plan has expanded its Asian investment potential with the launch of its new Singapore office.

asia
Hillhouse Capital said to eye CNY20bn for biggest-ever yuan-denominated fund

Hillhouse Capital said to eye CNY20bn for biggest-ever yuan-denominated fund

Chinese private equity major Hillhouse Capital is reportedly eyeing more than CNY20bn ($3bn) for what would be its biggest renminbi-denominated fund yet.

Public
PAI buys stake in Amplitude from Apax

PAI buys stake in Amplitude from Apax

PAI Partners has acquired a 52.3% stake in Paris-listed orthopaedic implant specialist Amplitude Surgical from Apax France, CEO Olivier Jallabert and other senior executives for €53.8m.

Software and Hi-Tech
Notion IV to close in 2020 above £125m target

Notion IV to close in 2020 above £125m target

Notion Capital IV is expected to close in 2020 above its £125m target, according to a source close to the situation.

Buyout
Private equity veteran Feeney gives away $8bn-plus fortune after decades of secret donations

Private equity veteran Feeney gives away $8bn-plus fortune after decades of secret donations

Private equity veteran Chuck Feeney has finished giving away his $8bn-plus fortune after 38 years of secret donations around the globe.

Software and Hi-Tech
Kindred’s second fund closes on £81m

Kindred’s second fund closes on £81m

Kindred Capital's second-generation fund has held a final close on £81m.

Angel / Venture
VC Profile: VNV Global

VC Profile: VNV Global

Listed venture capital firm VNV Global recently raised $95m. Eliza Punshi talks to managing director Per Brilioth about portfolio company Voi, seeking network effects and investing in companies at the idea stage

carried interest
Kindred Capital, which lets portfolio company entrepreneurs share its fund carry, closes £81m Fund II

Kindred Capital, which lets portfolio company entrepreneurs share its fund carry, closes £81m Fund II

Kindred Capital has hit an £81m final close for its second seed-stage European tech fund, doubling its capital under management.

asia
Korean pension giant NPS teams with Keppel Capital for Asian infrastructure deals push

Korean pension giant NPS teams with Keppel Capital for Asian infrastructure deals push

Global pension fund giant The National Pension Service of Korea has teamed up with asset manager Keppel Capital to hunt down infrastructure investment opportunities in Asia.

Buyout
Ex-Encore Consumer Capital, Wafra senior execs eye up to $125m for debut Seaside Equity Partners fundraise

Ex-Encore Consumer Capital, Wafra senior execs eye up to $125m for debut Seaside Equity Partners fundraise

Seaside Equity Partners, a private equity house launched by former managing directors at Encore Consumer Capital and Wafra, is out eyeing up to $125m for its debut fundraise.

Pension Funds
US Supreme Court asked to rule on private equity pension liability

US Supreme Court asked to rule on private equity pension liability

A dispute between Sun Capital Partners and a Teamsters pension fund could have important repercussions for the industry. Lawyers say a decision could come as early as next month

Software and Hi-Tech
HSBC stock hits 25-year low after reports of illicit activity

HSBC stock hits 25-year low after reports of illicit activity

During the weekend, the bank was named in media reports alleging international lenders had flagged trillions of dollars in transfers to US anti-money laundering authorities

advisor
Rede Partners brings in veteran LP, GP advisor Eric Ellul as first ever chairman, makes two senior hires

Rede Partners brings in veteran LP, GP advisor Eric Ellul as first ever chairman, makes two senior hires

Private equity placement agent Rede Partners has brought in hugely experienced industry advisor Eric Ellul as its first chairman alongside two new senior hires.

Angel / Venture
Schroders buys £2bn family office Sandaire in UK wealth push

Schroders buys £2bn family office Sandaire in UK wealth push

The deal comes after Schroders made a big push into the UK wealth management sector after launching Schroders Wealth in 2019 — a joint venture with Lloyds Banking Group

Fintech and Finance
Bankers are scared to return as pressure mounts to get back to the office

Bankers are scared to return as pressure mounts to get back to the office

After maintaining a cautious approach to bringing staff back, investment banks are ramping up the return. A poll found many are happier at home

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