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Category: Software and Hi-Tech

New rule complicates private equity’s ESG push

US Labor Department rule on impact investments was opposed by asset managers

Europe tries to boost its cybersecurity industry

A group of eight venture capital firms are creating a €1bn fund to invest in homegrown cybersecurity companies over five years

Double win for Private Equity News editorial team

Dow Jones journalists win clutch of prizes at State Street’s UK Institutional Press Awards

Fugro completes rights issue to fund refinancing

Fugro, the Dutch geo-data specialist, has completed its €197m rights issue, a key proponent in a large refinancing package that resolves longstanding issues around debt maturity.

BWK buys minority stake in Qlocktwo

BWK has acquired a minority stake in Germany-based clock and watch producer Qlocktwo.

Wirecard’s new UK backer raises $37m in venture round

German payments giant Wirecard went bust earlier this year after a major accounting scandal, in which the company said it had found a €1.9bn hole in its accounts

PE majors line up to bid for Advent’s Mediq, four through to second round – report

Four private equity majors have been shortlisted by fellow buyout house Advent as it looks to sell Dutch medical supplier Mediq in a deal which could exceed €1bn.

Capiton's Euro Vital Pharma buys Principle Healthcare

Euro Vital Pharma, a portfolio company of Capiton, has acquired UK-based consumer healthcare business Principle Healthcare Group.

Speedinvest holds first close for Speedinvest x Fund 2

Speedinvest has held a first close for its second early-stage Network Effects fund on €33m.

360 Capital, Fuel Ventures lead $65m round for Heroes

360 Capital and Fuel Ventures have participated in a $65m equity and debt financing round for e-commerce business Heroes.

Portobello Capital raises €350m secondary fund to keep stakes in and expand long-held portfolio pair

Spain's Portobello Capital has hauled in €350m for a new secondary fund to hold onto stakes in two of its existing portfolio investments.

Quadrivio acquires fashion brand GCDS

Quadrivio has bought a majority stake in Italian streetwear brand GCDS (God Can't Destroy Streetwear).

Literacy invests in Tyrefix

Literacy Capital has invested in emergency tyre repair company Tyrefix.

The wrong sort of liquidity

Spare a thought for a young loans banker who recently told Taipan about his newfound freedom. I was drinking in Solas when the chap walked in on his own and ordered a Brooklyn Lager. Since

Jinke Smart Services prices HK$5.9bn IPO at mid-point

Jinke Smart Services Group, a Chinese property manager, raised HK$5.94bn ($766.1m) this week after sealing its IPO at the mid-point of the marketed range.

HKW hires ex-Goldman Sachs investor Ammar in tech investment push

Indianapolis-based mid-market private equity firm HKW has hired former Goldman Sachs investor Rick Ammar in a senior role to expand its tech investment efforts.

IK buys majority stake in GeoDynamics from Sofindev

IK Investment Partners has acquired a majority stake in Belgian software company GeoDynamics from Belgian private equity firm Sofindev and the management.

Altitude exits Mortec Semiconductor for 12.6x return

Altitude Partners has sold sensor technology design Moortec to Synopsys, generating a 12.6x return.

Capvis buys Arag

Swiss private equity firm Capvis has acquired a majority stake in Arag, an Italian manufacturer of sprayers and accessories for precision farming.

IK Investment Partners buys into mobile workforce localisation software specialist GeoDynamics

IK Investment Partners has tapped its €550m Small Cap II Fund to buy a majority stake in mobile workforce localisation software specialist GeoDynamics.

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