Event
Unigestion launches third Direct fund with EUR 1bn target

Unigestion launches third Direct fund with EUR 1bn target

Switzerland-headquartered Unigestion has launched the latest vintage of its direct private equity strategy with a EUR 1bn target, partner and head of portfolio management in private equity Paul Newsome told Unquote.

Fundraising
GP Profile: Kyip Capital on debut fundraising, opportunities in Italian education

GP Profile: Kyip Capital on debut fundraising, opportunities in Italian education

Following an interim close for its debut fund on more than EUR 130m, Italy-based Kyip (formerly known as Kyma Partners) is continuing its fundraise and plans to further develop the two assets in the fund,

General Partners
Forbion exceeds Growth Opportunities II target with EUR 470m first close

Forbion exceeds Growth Opportunities II target with EUR 470m first close

Dutch biopharma investor Forbion has held the first close for Forbion Growth Opportunities II at EUR 470m; the fund will invest in late-stage biopharma companies at a time when they need private capital, the GP

Apollo, Reliance Industries make binding bid for Boots at up to £6bn valuation

Apollo Global Management is said to have teamed up with Mukesh Ambani's Reliance Industries to make a binding bid for UK chemist chain Boots, which values the company at £5bn to £6bn. The post Apollo,

Cube IM makes debut temperature-controlled logistics deal with Dispam investment

Cube Infrastructure Managers has agreed to acquire a 78% stake in French temperature-controlled logistics operator Dispam, its first deal in the segment. The post Cube IM makes debut temperature-controlled logistics deal with Dispam investment first

Twitter co-founder’s Obvious Ventures closes two new funds to pass $1.1bn AUM

Obvious Ventures, the VC house launched by Twitter co-founder Ev Williams, has closed a pair of new funds to boost its assets under management to $1.11bn. The post Twitter co-founder’s Obvious Ventures closes two new

Software and Hi-Tech
Mentha enters Denmark with EUR 250m Fund VII ready to deploy

Mentha enters Denmark with EUR 250m Fund VII ready to deploy

Amsterdam-headquartered Mentha has acquired Copenhagen-based independent PE player BWB Partners (BWBP) and is ready to enter the Danish lower mid-market, Mentha founding partner Edo Pfennings told Unquote.

Lovell Minnick picks up majority stake in veteran wealth, asset manager London & Capital

US private equity house Lovell Minnick Partners has agreed to buy a majority stake in $4.1bn-managing wealth and asset manager London & Capital. The post Lovell Minnick picks up majority stake in veteran wealth, asset

Family Office
Family offices raise stakes in private equity – UBS

Family offices raise stakes in private equity – UBS

Wealthy families have upped their investment in private equity to an all-time high as a step-change in macroeconomics forces them to review investment opportunities.

Bridges Fund Management burst through target to raise £350m for biggest fund yet

Sustainability and impact investor Bridges Fund Management has struck a £350m hard cap close for its biggest fund yet. The post Bridges Fund Management burst through target to raise £350m for biggest fund yet first appeared

Israel-based Titan Capital Partners raises $100m for debut software, internet-focused fund

Israel's Titan Capital Partners has launched a $100m investment fund targeting internet, software, consumer and financial technology companies. The post Israel-based Titan Capital Partners raises $100m for debut software, internet-focused fund first appeared on AltAssets

Montana pension picks Veritas Capital, Sumeru Equity funds among latest commitments

The $24bn-managing Montana Board of Investments has picked Veritas Capital and Sumeru Equity Partners among its latest raft of fund commitments. The post Montana pension picks Veritas Capital, Sumeru Equity funds among latest commitments first

KKR to acquire majority stake in global cloud infrastructure and hosting provider Contabo

Frankfurt, Germany, 8 June 2022 – KKR, a leading global investment firm, announced today that KKR has agreed to acquire a majority stake in Contabo, a global cloud infrastructure and hosting provider based in Germany.

Software and Hi-Tech
EY to bolster PE offering with USD 1bn investment

EY to bolster PE offering with USD 1bn investment

Advisory firm EY has announced that it is to invest USD 1bn to expand its private equity offering; the firm also announced the appointment of Bridget Walsh as its Global Private Equity Leader.

Manufacturing and Industrial
Alto Capital sells CEI Group to White Bridge

Alto Capital sells CEI Group to White Bridge

Italian sponsor Alto Capital has sold CEI Group, a Bologna-based spare parts manufacturer and distributor of spare parts for heavy vehicles, to White Bridge Investments.

Distressed
LPs' net returns highest since financial crisis – Coller Capital

LPs' net returns highest since financial crisis – Coller Capital

LPs’ returns across the lifetime of their private equity portfolios are nearing record levels not seen since the run-up to the global financial crisis, according to secondaries firm Coller Capital’s Summer 2022 Barometer.

Software and Hi-Tech
Oakley Capital reaps 10x on Contabo exit to KKR

Oakley Capital reaps 10x on Contabo exit to KKR

Oakley Capital Fund IV has agreed to sell its majority stake in Contabo, a Germany-based Cloud hosting platform used by SMEs, with its Fund V reinvesting alongside new majority shareholder KKR.

Thomas H Lee Partners boosts healthcare team with second senior hire in nine months

Mid-market investor Thomas H Lee Partners has hired healthcare industry veteran Sam Hendler to head business development. The post Thomas H Lee Partners boosts healthcare team with second senior hire in nine months first appeared

asia
Bain Capital said to have closed mammoth $2bn Asia Pacific special situation fund

Bain Capital said to have closed mammoth $2bn Asia Pacific special situation fund

Bain Capital has closed a $2bn special situations fund for the Asia Pacific region, doubling the size of its predecessor which was closed on $1bn, Reuters reported quoting firm managing director Barnaby Lyons. The post

allocation
LPs upping PE allocations, crypto industry fund investments on the rise: Coller Capital Barometer

LPs upping PE allocations, crypto industry fund investments on the rise: Coller Capital Barometer

More than half of institutional LPs have increased their commitments to private equity over the past two years in the hunt for outsized returns, the latest Coller Barometer report shows. The post LPs upping PE

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