Software and Hi-Tech
Andera acquires two services companies from Salini

Andera acquires two services companies from Salini

French private equity firm Andera Partners has acquired social housing renovation company SMRD-Bat92 and office-building maintenance specialist SE2M Services from construction company Salini.

Buyout
Serve Capital passes $50m mark for third flagship fund of funds raise

Serve Capital passes $50m mark for third flagship fund of funds raise

Fund of funds investor Serve Capital has hauled in close to $52m for its third flagship fundraise.

Software and Hi-Tech
Three reasons why the City doesn’t care about the Brexit deadlock

Three reasons why the City doesn’t care about the Brexit deadlock

City firms have been preparing for a no-deal Brexit for years

Software and Hi-Tech
IK hires Avedon’s Bärenfänger

IK hires Avedon’s Bärenfänger

IK Investment Partners has appointed Julian Bärenfänger as a partner in its Hamburg-based DACH small-cap team.

Consumer Services
BIP Capital backs La Boutique Officielle

BIP Capital backs La Boutique Officielle

Luxembourg-based private equity firm BIP Capital Partners has acquired a significant stake in La Boutique Officielle (LBO), a French online streetwear retailer.

American Bath Group
Lone Star said to eye American Bath Group exit at up to $2bn valuation

Lone Star said to eye American Bath Group exit at up to $2bn valuation

Lone Star Funds is reportedly exploring a potential sale of American Bath Group that could value the bathtub and shower maker at up to $2bn.

Angel / Venture
Santander spins out its $400m fintech venture capital arm

Santander spins out its $400m fintech venture capital arm

The renamed Mouro Capital has invested in Ripple, Tradeshift and Upgrade

Pharma and Healthcare
AMoon leads £23m series-A for Mina Therapeutics

AMoon leads £23m series-A for Mina Therapeutics

AMoon has led a £23m series-A for RNA activation therapeutics company Mina Therapeutics.

board
Masmovil’s €2.96bn PE buyout moves nearer after enough stockholders give support to deal

Masmovil’s €2.96bn PE buyout moves nearer after enough stockholders give support to deal

A trio of private equity majors have moved a step closer to taking over listed Spanish telecoms operator MasMovil after the owners of more than half its shares gave the green light to the buyout.

Property
Evergrande abandons A-share backdoor listing

Evergrande abandons A-share backdoor listing

China Evergrande Group has abandoned a backdoor listing plan for its property arm and flagship subsidiary Hengda Real Estate on the Shenzhen exchange, ending a reorganisation that started four years ago.

Politics
Biden win triggers positive market reaction in Asia

Biden win triggers positive market reaction in Asia

Asia’s capital markets started on a positive note on Monday following Joe Biden’s presidential election victory in the US.

AUM
CPPIB names first ever CIO as it eyes $1tn of assets under management

CPPIB names first ever CIO as it eyes $1tn of assets under management

The $434bn-managing Canada Pension Plan Investment Board has named Edwin Cass as its first dedicated chief investment officer.

Politics
Bond market bounces back after US elections

Bond market bounces back after US elections

Three property companies from Greater China hit the bond market last Friday, raising $850m between them even as the US presidential election battle raged on. With Joe Biden now announced as the president-elect, the issuance

Software and Hi-Tech
‘You had to dress like a man’: Five lessons from Citi’s first female CEO

‘You had to dress like a man’: Five lessons from Citi’s first female CEO

'There were so few women there, there are so few women in financial services, and those who were there were rather scary,' Jane Fraser has said of her start on Wall Street

Berkshire Partners
Berkshire Partners teams with food industry veteran Vélez-Bautista to launch El Dorado Foods

Berkshire Partners teams with food industry veteran Vélez-Bautista to launch El Dorado Foods

Boston-based buyout house Berkshire Partners has teamed with veteran food business executive Javier Vélez-Bautista to launch Latin food and drink-focused El Dorado Foods.

IPO
Sunac Services taps market for Hong Kong IPO

Sunac Services taps market for Hong Kong IPO

Chinese property manager Sunac Services Holdings has hit the road for its Hong Kong listing, eyeing HK$8.7bn ($1.1bn) in fresh equity.

Angel / Venture
Santander spins its $400m FinTech venture arm into Mouro Capital

Santander spins its $400m FinTech venture arm into Mouro Capital

Santander is spinning out its venture arm into the new entity Mouro Capital, a new autonomous investment firm using its $400m in allocated funds to back innovate FinTech startups without the fear of the big

Ares Management
Ares-backed Volery Capital buys into clean energy-focused asset manager Sustainable Development Capital

Ares-backed Volery Capital buys into clean energy-focused asset manager Sustainable Development Capital

Ares Management-backed Volery Capital Partners has completed a growth equity investment in clean energy and project development asset manager Sustainable Development Capital.

Africa
Comment: Africa’s gathering debt storm

Comment: Africa’s gathering debt storm

Without rapid and vastly increased external help to weather the Covid-19 storm and ease their debt-service burden, many African economies could collapse. This would directly affect the rich world in ways for which it is

Appointments
UBS appoints India country head

UBS appoints India country head

UBS has tapped Uday Odedra as its new India country head, effective next year.

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