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Category: Software and Hi-Tech

Canadian private equity, venture capital deals slump in Q3 as Covid uncertainty continues

Canadian private equity activity in 2020 has slumped below its four-year average thanks to a weak third quarter which lacked big deals, new research shows.

LDC sells NBS to TA-, Stirling-backed Byggfakta

LDC has sold its stake in construction software company NBS to trade buyer Byggfakta Group.

ProFounders leads €4.1m series-A for Nodalview

London-headquartered venture capital house ProFounders Capital has led a €4.1m series-A round for Belgium-based real estate startup Nodalview.

Sycamore bids $540m for Ann Taylor and other store brands

US-based private equity firm moves to acquire Ann Taylor, Lane Bryant, Loft and Lou & Grey stores out of bankruptcy

Vista co-founder Sheth resigns after 20 years in wake of Robert Smith tax fraud

Vista Equity Partners co-founder Brian Sheth has resigned after two decades with the firm in the wake of firm founder Robert Smith's admission of a 15-year tax fraud.

Flexstone invests €6.3m in ProA-backed Pastas Gallo

Flexstone Partners has invested €6.3m in Spanish pasta maker Pastas Gallo, a portfolio company of private equity firm ProA Capital.

German prosecutors investigate EY’s role in collapse of Wirecard

EY has become a target of intense criticism in Germany, where regulators and the government are trying to unravel how the alleged fraud took place

GP Profile: Tyrus banks on quick secondaries turnaround

Currently raising its fifth-generation fund, Tyrus Capital's private equity secondaries strategy has seen growing dealflow and is closing in on several investment opportunities. Katharine Hidalgo talks to Gunter Waldner, the firm's head of private equity

Schroder British Opportunities raises £75m, missing £250m target

When launched the strategy, the company said the pandemic and other macro factors would create an increased need by UK companies for fresh equity, and that a proactive public and private equity investment would generate

Montagu Private Equity revealed to be in talks with takeover of Capita unit ESS, deal could exceed £500m

Business process outsourcing specialist Capita Plc has confirmed it has entered exclusive talks with UK private equity Montagu over a potential buyout of its Education Software Solutions business.

Private equity firms said to bid for Fancl’s Asia ex-Japan business, deal could near $1bn

Private equity majors including Blackstone and Carlyle are reportedly among a cluster of bidders for skincare brand Fancl’s Asia business outside Japan which could see it valued at about $1bn.

Enterprise Investors taps €498m Fund VIII for PragmaGO take-private offer

Enterprise Investors has tapped its €498m Polish Enterprise Fund VIII to pick up PragmaGO, a provider of financial services to the SME sector.

Baltic-based INVL seals debut deal from €200m-targeting sustainable timber, farmland fund

Baltic private equity house INVL Asset Management has made the first deal from its latest sustainable timber and farmland fund, which is currently out fundraising for up to €200m.

CVC raises €379m for fifth CLO fund in as many months, brings Europe CLO AUM to about $7.5bn

CVC Credit Partners has collected €379m for its fifth CLO fund raised in as many months.

EQT, Proximus form joint venture to build fiber network in Flanders

The new group will build the network for at least 1.5 million households and businesses in the Flemish region of Belgium, with the first customers expected to connect to the network during 2021

EQT, Proximus form joint venture to build fibre network in Flanders

The new group will build the network for at least 1.5 million households and businesses in the Flemish region of Belgium, with the first customers expected to connect to the network during 2021

Vista Equity Partners president Brian Sheth departs

Sheth reportedly suggested to insiders and investors as early as last December that he might leave the firm

Abris buys Polish healthcare firm Scanmed

Firm operates hospitals, clinics and medical centres across Poland

SK Capital brings in another chemicals veteran as senior director

SK Capital Partners has boosted its team by bringing in veteran chemicals industry expert George Gregory as a senior director.

CITIC Capital said to team with China Mobile Communications for $1.8bn AsiaInfo Technologies buyout

Chinese private equity house CITIC Capital is reportedly eyeing a $1.8bn buyout of telecoms business AsiaInfo Technologies.

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