Europe
Genesis Capital launches €150m fund

Genesis Capital launches €150m fund

Genesis Capital, a private equity firm dedicated to investments in central Europe, is launching a new fund, Genesis Private Equity Fund IV (GPEF IV), with a €150m target.

Angel / Venture
VCs exit UltraSoc to Siemens

VCs exit UltraSoc to Siemens

VC backers including Octopus Ventures and eCapital have sold their stakes in Cambridge-based electronic chip developer UltraSoc to Siemens

Digital Transformation
Waterland’s Tineo bolts on Netrics

Waterland’s Tineo bolts on Netrics

It service Tineo, a portfolio company of Waterland, has acquired Switzerland-based workplace cloud and digitalisation consultancy company Netrics.

Event
Clessidra to launch €600m fourth fund

Clessidra to launch €600m fourth fund

Italian private equity firm Clessidra is preparing the launch of its fourth buyout fund, which will have a target of around €600m and will start fundraising in the coming months, Unquote understands.

Software and Hi-Tech
Tenzing closes second fund on £400m

Tenzing closes second fund on £400m

Tenzing Private Equity has closed its second-generation fund on £400m.

Politics
FSN wins €87m in arbitration ruling against Procuritas

FSN wins €87m in arbitration ruling against Procuritas

FSN Capital has been awarded €87m in compensation after Procuritas was found liable for fraud and wilful misconduct in relation with the Gram Equipment transaction by the international arbitral tribunal in Denmark.

Software and Hi-Tech
Ergon in exclusive negotiations to acquire Telenco

Ergon in exclusive negotiations to acquire Telenco

Ergon Capital has entered exclusive negotiations to acquire France-based fibre optic telecom equipment producer Telenco.

Appointments
PAI Partners appoints Boullier as managing director

PAI Partners appoints Boullier as managing director

Paris-headquartered private equity firm PAI Partners has appointed Marc Boullier as managing director to reinforce its senior operations team, the PAI Performance Group (PPG).

asia
KKR close to raising Asia’s biggest-ever private equity fund after reaching $10bn mark – report

KKR close to raising Asia’s biggest-ever private equity fund after reaching $10bn mark – report

KKR has hauled in more than $10bn for its fourth pan-Asian private equity fund, putting it within a whisker of becoming the biggest-ever PE vehicle raised targeting the region.

Fintech and Finance
Consortium in €20m series-A round for Memo Bank

Consortium in €20m series-A round for Memo Bank

BPI France, BlackFin Capital Partners, and Daphni have led a €20m series-A funding round for Memo Bank, a French online bank targeting small and medium businesses.

Event
Amanda Staveley’s dealings with Abu Dhabi royalty under the microscope

Amanda Staveley’s dealings with Abu Dhabi royalty under the microscope

On the eleventh day of the trial, the bank's lawyer focused on Staveley's personal relationship with Sheikh Mansour

Advent
Private equity giants circle Unilever tea business, deal could reach £5bn – report

Private equity giants circle Unilever tea business, deal could reach £5bn – report

A string of private equity giants are reportedly circling Unilever's tea business for a buyout which could see it valued at more than £5bn.

Pension Funds
Black-owned investment firm sues New Jersey for racial bias

Black-owned investment firm sues New Jersey for racial bias

The firm also sued BlackRock and Cliffwater, a firm that assisted the state pension with investment decisions, alleging they profited at Blueprint’s expense

Event
Mediobanca, Russell Investments launch third private market fund

Mediobanca, Russell Investments launch third private market fund

Mediobanca Private Banking, in partnership with Russell Investments, has launched its third fund dedicated to private markets, Mediobanca Private Markets Fund III.

Buyout
Tenzing shrugs off Covid-19 to race to $400m Fund II close, believed to be first entirely virtual buyout fundraise

Tenzing shrugs off Covid-19 to race to $400m Fund II close, believed to be first entirely virtual buyout fundraise

UK-based private equity house Tenzing has raced to a £400m final close for its sophomore fund in what is believed to be the first buyout fund raised entirely virtually.

administration
Virgin Australia bondholders look to stamp out private equity takeover with debt-for-equity offer

Virgin Australia bondholders look to stamp out private equity takeover with debt-for-equity offer

Bondholders of struggling airline Virgin Australia have made a last-ditch bid to keep the company out of the hands of private equity firms bidding for the beleaguered business.

Politics
ICG acquires Workhuman minority at $1.2bn valuation

ICG acquires Workhuman minority at $1.2bn valuation

Intermediate Capital Group (ICG) has acquired a minority stake in HR platform Workhuman at a valuation of $1.2bn.

2019
Africa sees VC deals surge to reach record dollar total last year: AVCA data

Africa sees VC deals surge to reach record dollar total last year: AVCA data

African venture capital activity reached its highest dollar total on record last year thanks to a surge in dollars being invested in the continent's startups.

Angel / Venture
Index Ventures leads €70m series-C for Swile

Index Ventures leads €70m series-C for Swile

French corporate restaurant card business Swile has raised €70m in a series-C round led by Index Ventures.

@Ventures
Upfront Ventures back with Fund VII raise to follow last year’s growth fund launch

Upfront Ventures back with Fund VII raise to follow last year’s growth fund launch

LA-based early-stage investment house Upfront Ventures is back in the fundraising market with its seventh flagship fund.

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