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Category: Software and Hi-Tech

CVC and Advent move in on €1.7bn deal with Italy’s Serie A

Deal would see PE firms acquire 10% of league’s TV rights division

Multiples Heatmap: average entry multiple hits 10.5x as dealflow recovers

In Q3 2020, average multiples paid in private-equity-backed transactions throughout Europe increased slightly when compared with the previous quarter, with deal volume increasing 58%, according to the latest Clearwater Heatmap.

Pike Street Capital pulls past target to strike $237m for debut fund close

A new industrial tech-focused private equity firm launched by former Evergreen Pacific veterans has beaten its target for its debut fund.

Qiming Venture Capital strikes $1.2bn final for Fund VII, thought to be China’s biggest VC raise this year

Qiming Venture Capital has scored what is thought to be the biggest VC fund close in China this year through a $1.2bn final close of its seventh flagship US dollar investment vehicle.

EQT launches second fund subscription line tied to ESG

The Swedish firm’s new infrastructure fund subscription line of up to €5bn ties credit terms to environmental, social and governance goals

Jeff Bezos venture capital fund joins $30m Chipper Cash investment round

Just a few months after its latest raise, Chipper Cash has now added another $30m to its coffers in a raise backed by Jeff Bezos’ private VC fund Bezos Expeditions.

Searchlight closes third fund on $3.4bn

Searchlight Capital Partners has closed its third-generation fund on $3.4bn.

Livingbridge, LDC exit Giacom amid pandemic-driven demand for cloud services

Since 2016, the business has increased turnover from £6.6m to more than £35m this year

CapMan Growth closes second fund on €97m

Finnish private equity firm CapMan has held a final close for its second growth fund on €97m and announced its second investment from the fund, in Finnish software company Unikie.

Clessidra launches fourth buyout fund

Italian private equity firm Clessidra has launched its fourth buyout fund, Clessidra Capital Partners IV, with a target of €500m and a €600m hard-cap, Unquote understands.

Livingbridge sells Giacom to trade

Livingbridge has sold cloud services marketplace Giacom to trade buyer Digital Wholesale Solutions.

Knight Capital leads €10m series-B for Smart Protection

Knight Capital has led a €10m series-B round for Madrid-based Smart Protection, a technology startup dedicated to combatting online piracy and counterfeiting.

Eurazeo buys Altaïr from Motion Equity for €115m

Eurazeo has acquired Altaïr, a French company that specialises in household cleaning products, from Motion Equity Partners.

Viking, General Atlantic lead $80m round for Pharvaris

Viking Global Investors and General Atlantic have led a $80m round for Switzerland-based Pharvaris, a company that is developing therapies for the treatment of hereditary angioedema (HAE).

C5 to hold double close in December 2020

C5 Cyber Partners is expected to hold a first close for its Impact Fund and a final close for its second-generation flagship fund before the end of the year.

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