Add-on
Cortec’s Groundworks Closes Add-On

Cortec’s Groundworks Closes Add-On

Groundworks, a portfolio company of Cortec Group, has acquired Foundation Systems of Michigan. This is the second add-on acquisition completed by Groundworks since Cortec acquired the company through its seventh fund in January 2020. Foundation

All Transactions
Align Invests in WilliamsMarston

Align Invests in WilliamsMarston

Align Capital Partners (ACP) has made an investment in WilliamsMarston, a provider of accounting advisory and management consulting services. WilliamsMarston provides specialized consulting services to public, private equity-backed, and pre-IPO companies to support mergers, acquisitions,

All News
PE Weathering COVID-19

PE Weathering COVID-19

According to a new study by Willis Towers Watson (WTW), private equity-owned companies appear to be weathering the impact of the COVID-19 pandemic across multiple sectors and geographies. According to WTW, despite the subdued operating

Pharma and Healthcare
PE firm eyes veterinary hospital consolidation with new investment in Spain

PE firm eyes veterinary hospital consolidation with new investment in Spain

Meridia Private Equity has taken a stake in veterinary care provider Vetsum, which is aiming to acquire hospitals in Spain and Portugal

General Partners
Verdane acquires minority stake in Studytube for €10m

Verdane acquires minority stake in Studytube for €10m

Nordic GP Verdane has acquired a minority stake in Dutch online learning platform Studytube for €10m.

Public
Hedge fund industry gains 2.04% in June as almost all hedge fund sectors have positive month

Hedge fund industry gains 2.04% in June as almost all hedge fund sectors have positive month

Opalesque Industry Update - Hedge funds continued their positive ways in June, riding a continuing stock market recovery and reopening economies to a 2.04% monthly return, according to the Barclay Hedge Fund Index, compiled by

Performance
SS&C GlobeOp Hedge Fund Performance Index up 2.51% in June

SS&C GlobeOp Hedge Fund Performance Index up 2.51% in June

Opalesque Industry Update - The gross return of the SS C GlobeOp Hedge Fund Performance Index for June 2020 measured 2.51%. Hedge fund flows as measured by the SS C GlobeOp Capital Movement Index declined

Angel / Venture
Neva Finventures leads €3m round for Yolo

Neva Finventures leads €3m round for Yolo

Neva Finventures, the corporate venture arm of Italian bank Intesa Sanpaolo, has led a €3m round for Italian mobile insurance application Yolo.

Software and Hi-Tech
Hayfin becomes majority shareholder in Frans Bonhomme

Hayfin becomes majority shareholder in Frans Bonhomme

Hayfin Capital Management has become the majority shareholder in Frans Bonhomme, a French plastic pipes specialist, through a €60m capital injection.

Angel / Venture
Novo Holdings et al. in $20m round for Reapplix

Novo Holdings et al. in $20m round for Reapplix

Reapplix, a Danish developer of a treatment for diabetic foot ulcers, has raised $20m in funding from investors including North-East Healthcare Investment, Lauxera Capital Partners and MK Ventures.

brand
Yellow Wood eyes massive fund size hike latest raise, could collect up to $750m

Yellow Wood eyes massive fund size hike latest raise, could collect up to $750m

Consumer-focused private equity firm Yellow Wood Partners is back on the fundraising trail eyeing up to $750m - more than twice the amount it collected for its last fund.

Caledonia to inject £22m into portfolio company Buzz Bingo as part of restructuring

The UK's biggest retail bingo company is looking to restructure, which will result in the closure of 26 stores and 570 redundancies

AML
Private equity funds being used for mass-scale money laundering: FBI

Private equity funds being used for mass-scale money laundering: FBI

Private equity funds are being used for mass-scale money laundering according to the US Federal Bureau of Investigation, which said the industry lacks adequate money-laundering programmes.

Buyout
Private equity carried interest could see UK tax hike after chancellor announces capital gains tax investigation

Private equity carried interest could see UK tax hike after chancellor announces capital gains tax investigation

Private equity executives raking in hefty amounts in carried interest could be in line for a tax hike after the UK chancellor Rishi Sunak announced an investigation into the country's current capital gains tax system.

Family Office
Riflebird-backed Piller Entgrattechnik acquired by SFO

Riflebird-backed Piller Entgrattechnik acquired by SFO

Riflebird Capital portfolio company Piller Entgrattechnik has been acquired by family office SFO Gruppe.

bankrupt
TPG takeover of Covid-ravaged Cirque du Soleil looks dead amid impending creditor deal – report

TPG takeover of Covid-ravaged Cirque du Soleil looks dead amid impending creditor deal – report

Private equity plans to take over world-famous Cirque du Soleil on the cheap after coronavirus pushed it into bankruptcy protection have been scuppered by creditors, who are reportedly set to agree a recapitalisation of the

Anchor
Munich Private Equity Partners soars past Fund III goal with €162m final close

Munich Private Equity Partners soars past Fund III goal with €162m final close

Munich Private Equity Partners has hit a €162m final close for its third buyout fundraise, soaring past its initial €100m target.

Politics
Apax leads $65m series-B in PriceFX

Apax leads $65m series-B in PriceFX

Apax Partners has led a $65m series-B funding round in pricing software provider PriceFX.

Economy
Schroders considers investment trust to inject equity into UK SMEs hit by the pandemic

Schroders considers investment trust to inject equity into UK SMEs hit by the pandemic

'For the UK economy to recover there needs to be greater availability of equity,' Schroders says

Pharma and Healthcare
Meridia invests in veterinary specialist Vetsum

Meridia invests in veterinary specialist Vetsum

Meridia Capital has acquired a minority stake in Vetsum, a Spanish company that manages a network of veterinary hospitals.

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