Software and Hi-Tech
Bestport sells Oracle for 3.3x return

Bestport sells Oracle for 3.3x return

Bestport Private Equity has sold Oracle Care & Education for a return of 3.3x money.

Software and Hi-Tech
GED, Oquendo sell GTT to AnaCap

GED, Oquendo sell GTT to AnaCap

AnaCap Financial Partners has acquired Gestión Tributaria Territorial (GTT) from Spanish private equity firm GED Capital and private debt specialist Oquendo Capital.

Politics
AnaCap seals first Spanish deal with the €120m takeover of software provider GTT

AnaCap seals first Spanish deal with the €120m takeover of software provider GTT

The company, focused on managing tax collection in the country, has been held by Spanish firm GED Capital since 2017

Buyout
Thoma Bravo to take cloud insurance software business Majesco private in $594m buyout

Thoma Bravo to take cloud insurance software business Majesco private in $594m buyout

Software and tech-focused private equity house Thoma Bravo has agreed a $594m take-private buyout of cloud insurance software provider Majesco.

Fintech and Finance
Aquiline closes investment in Quintes Holding

Aquiline closes investment in Quintes Holding

US-based private equity firm Aquiline Capital Partners has invested in the Dutch insurance broker Quintes Holding.

Angel / Venture
Silver Lake, Summit Partners pick up Los Angeles Fire and Police Pensions fund commitments

Silver Lake, Summit Partners pick up Los Angeles Fire and Police Pensions fund commitments

The $21bn-managing Los Angeles Fire and Police Pensions has picked Silver Lake Partners and Summit Partners for its two most recent private equity and venture capital commitments.

Software and Hi-Tech
LDC invests in Aker

LDC invests in Aker

LDC has invested in enterprise data publisher Aker Systems, taking a minority stake.

Buyout
KKR raises smaller sophomore real estate credit fund at $950m

KKR raises smaller sophomore real estate credit fund at $950m

KKR has raised a smaller sophomore fund in its real estate credit strategy, pulling in $950m for the final close of the vehicle.

asset
CalSTRS sees private equity returns go negative as Covid weighs heavily on investments

CalSTRS sees private equity returns go negative as Covid weighs heavily on investments

The $246bn-managing California State Teachers’ Retirement System has struggled to a 3.9% net return for the financial year as Covid-19 amid a huge slump in its private equity performance.

Software and Hi-Tech
Walmart revives plan to sell stake in Asda

Walmart revives plan to sell stake in Asda

Private equity firms such as Apollo Global Management, Lone Star Funds and TDR Capital had previously vied to acquire a majority stake of Asda and are likely to take another look, some of the people

Distressed
European banks may face €800bn in losses if second Covid-19 wave hits

European banks may face €800bn in losses if second Covid-19 wave hits

The losses would still be dwarfed by those stomached during the financial crisis

Software and Hi-Tech
Capza collects €450m so far for latest mid-cap fund

Capza collects €450m so far for latest mid-cap fund

Since it was set up in 2004, Capza’s Flex Equity team has led more than 70 deals

Portfolio Company News
Portfolio financing is needed to get through the next two years

Portfolio financing is needed to get through the next two years

It is more important than ever for companies to access financing that is both tailored to what is needed and can be provided quickly, writes 17Capital partner Thomas Doyle

Distressed
Private debt fundraising gains popularity as credit stress returns

Private debt fundraising gains popularity as credit stress returns

Distressed debt investing, long neglected by investors, is showing signs it could thrive under the pandemic

Angel / Venture
Ex-NEA veteran Kolluri raises $216m for second Neotribe fund, says “no idea is too crazy”

Ex-NEA veteran Kolluri raises $216m for second Neotribe fund, says “no idea is too crazy”

Veteran former NEA general partner Kittu Kolluri is back with his second Neotribe Ventures fund, which has hit $216m for its final close.

Event
UK fundraising update: pausing for breath

UK fundraising update: pausing for breath

A number of Ireland- and UK-based GPs that closed their most recent funds more than three years ago have delayed fundraises to either later in 2020 or 2021, or have altogether decided to explore new

Apollo Global
Ex-Apollo exec Oh said to near $650m goal for second Mountain Capital fundraise

Ex-Apollo exec Oh said to near $650m goal for second Mountain Capital fundraise

Mountain Capital, the energy-focused private equity house launched by former Apollo senior partner Sam Oh, is reportedly nearing its $650m goal for its sophomore fundraise.

Buyout
Z Capital brings in Cambridge Associates’ Krivec to boost investor outreach

Z Capital brings in Cambridge Associates’ Krivec to boost investor outreach

New York investment house Z Capital Group has brought in Laura Krivec as director for corporate development.

Software and Hi-Tech
KKR Closes $950 Million Real Estate Credit Opportunity Partners Fund II

KKR Closes $950 Million Real Estate Credit Opportunity Partners Fund II

NEW YORK--(BUSINESS WIRE)-- KKR, a leading global investment firm, today announced the final closing of KKR Real Estate Credit Opportunity Partners II (“RECOP II” or “the Fund”) with $950 million in committed capital. The Fund

Software and Hi-Tech
Hedge fund assets lift as market rebounds

Hedge fund assets lift as market rebounds

Opalesque Industry Update - Total hedge fund assets surged in 2Q20 as the HFRI Fund Weighted Composite Indexamp;reg; (FWC) posted the strongest quarterly performance gain since 2Q09, while outflows slowed from their 1Q pace. Total

We use cookies to offer you a better browsing experience. If you continue to use this site, you consent to our use of cookies.
We use cookies to offer you a better browsing experience. If you continue to use this site, you consent to our use of cookies.