Manufacturing and Industrial
Great Wall drives away with bigger $700m

Great Wall drives away with bigger $700m

Chinese car manufacturer Great Wall Motors has increased the size of its loan to $700m-equivalent.

Antitakeover
Comment Letter on Control Shares Statutes and Registered Investment Companies

Comment Letter on Control Shares Statutes and Registered Investment Companies

Posted by Phillip Goldstein, Bulldog Investors, on Saturday, August 8, 2020 Editor's Note: Phillip Goldstein is the co-founder of Bulldog Investors. This post is based on his letter to the SEC Division of Investment Management.

Portfolio Company News
AMW :- Opalesque Roundup: Some big name hedge funds shine with substantial gains for the year: hedge fund news, week 32

AMW :- Opalesque Roundup: Some big name hedge funds shine with substantial gains for the year: hedge fund news, week 32

In the week ending August 7th 2020, Bill Ackman's Pershing Square Holdings reported that its portfolio made money in July, boosting his monthly performance to 4.6 percent. Pershing Square Holdings is now up 34.8 percent

Add-on
AUA’s TruFood Adds Simply Natural

AUA’s TruFood Adds Simply Natural

TruFood Manufacturing, a portfolio company of AUA Private Equity since June 2019, has acquired Simply Natural Foods. Simply Natural is a co-manufacturer of confection products including sugarfree, organic, and kosher functional bars (products that include

Add-on
PolyVision Adds On

PolyVision Adds On

PolyVision, a portfolio company of Industrial Opportunity Partners (IOP), has acquired Marsh Industries, a manufacturer of visual display boards. IOP acquired PolyVision in February 2020 from publicly traded Steelcase. Marsh Industries is a maker of

All Transactions
Blackstone Inks First Fund VIII Control Buy

Blackstone Inks First Fund VIII Control Buy

Blackstone has agreed to acquire Ancestry from Silver Lake, GIC, Spectrum, and Permira at an enterprise value of $4.7 billion. The buy of Ancestry is the first control acquisition for Blackstone Capital Partners VIII LP

All Transactions
River Associates Closes 99th Transaction

River Associates Closes 99th Transaction

River Associates Investments has acquired Yale Cordage in partnership with the company’s management team. Yale Cordage is a designer and manufacturer of synthetic rope and rope systems used in critical, high cost-of-failure applications. Specific uses

Software and Hi-Tech
Jim O’Neill: Markets are not pricing in disaster — maybe that is wise

Jim O’Neill: Markets are not pricing in disaster — maybe that is wise

A disaster scenario in which Covid-19 vaccine trials fail and the pandemic spins out of control would expose the ongoing equity rally — but the worst-case scenario isn't necessarily the most likely

Software and Hi-Tech
As the pandemic struck, a PE firm went on a nursing home buying spree

As the pandemic struck, a PE firm went on a nursing home buying spree

Portopiccolo Group now own or operate roughly 100 facilities under dozens of different names in the US

Astorg
TA Associates buys Astorg portfolio business Surfaces Group after three-year hold

TA Associates buys Astorg portfolio business Surfaces Group after three-year hold

Astorg has agreed to sell manufacturing tools and consumables business Surfaces Group to fellow buyout house TA Associates.

Business Services
Vitruvian Partners follows €4bn fund close with Unifaun sale to Marlin Equity

Vitruvian Partners follows €4bn fund close with Unifaun sale to Marlin Equity

Vitruvian Partners has agreed to sell cloud logistics business Unifaun to fellow buyout house Marlin Equity Partners.

Distressed
ICG launches second recovery fund

ICG launches second recovery fund

Intermediate Capital Group (ICG) has launched a second recovery fund, ICG Recovery Fund II, to invest in companies hit by the coronavirus crisis.

Angel / Venture
DvH Ventures launches Digital Health Fund

DvH Ventures launches Digital Health Fund

Dieter von Holtzbrinck Ventures (DvH Ventures) has announced the launch of its first Digital Health fund, which has held a first close on €60m.

Australia
Pacific Equity Partners hits A$2.5bn hard cap close for smallest flagship fund since 2006

Pacific Equity Partners hits A$2.5bn hard cap close for smallest flagship fund since 2006

Australian buyout major Pacific Equity Partners has hit an A$2.5bn hard cap final close for its sixth flagship fundraise.

Software and Hi-Tech
Astorg sells Surfaces Group to TA Associates

Astorg sells Surfaces Group to TA Associates

Astorg has sold Italian abrasive tools specialist Surfaces Group to TA Associates.

Digital Transformation
Rigeto Unternehmerkapital acquires Oehm & Rehbein

Rigeto Unternehmerkapital acquires Oehm & Rehbein

Rigeto Unternehmerkapital has acquired a majority stake in Germany-based digital x-ray business Oehm & Rehbeim.

Buyout
ICE swoops on Thoma Bravo’s Ellie May in $11bn buyout to score powerful return for PE firm

ICE swoops on Thoma Bravo’s Ellie May in $11bn buyout to score powerful return for PE firm

US private equity house Thoma Bravo has scored a powerful return through the quick sale of mortgage finance platform Ellie May to ICE, the owner of the New York Stock Exchange.

Digital Transformation
Marlin invests in Pentalog

Marlin invests in Pentalog

Marlin Equity Partners has backed software development and digital services firm Pentalog.

General Partners
Triton’s All4Labels buys GPS Label, Rotomet

Triton’s All4Labels buys GPS Label, Rotomet

All4Labels, a portfolio company of Triton, has acquired Italy-based GPS Label and its subsidiary Rotomet.

Consumer Services
EMZ Partners invests in Ankerkraut

EMZ Partners invests in Ankerkraut

Mezzanine capital provider EMZ Partners has invested in Germany-based spice retailer Ankerkraut, acquiring a minority stake.

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