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Category: Software and Hi-Tech

Cerberus Capital Management said to eye $3bn for latest flagship distressed buyout, debt fundraise

Distressed investment specialist Cerberus Capital Management is reportedly eyeing up to $3bn for its latest flagship fundraise.

Värde Dislocation Fund closes on $1.6bn

Credit and distressed specialist Värde Partners has held a final close for its Värde Dislocation Fund on $1.6bn, exceeding its $1bn target after five months on the road.

Lottery operator Sazka Group hits $4.2bn valuation thanks to hefty Apollo Global investment

European lottery operator Sazka Group has picked up a €500m investment from private equity giant Apollo Global to value the business at about €4.2bn.

SoftBank leads $250m round for Tier Mobility

SoftBank Vision Fund has led a $250m funding round for Germany-based e-scooter startup Tier Mobility.

TA Associates hires Advent International fundraising expert as new global investor relations head

TA Associates has brought in Advent International fundraising exec Andrew Harris as its new global investor relations head.

EQT sells Tia Technology to trade

EQT has agreed to sell Danish portfolio company Tia Technoloy to the listed software company Sapiens.

Private equity ramps up divestment efforts

Following another period of lacklustre exit activity in Q3, even as deployment was picking up, October saw a notable spike in divestments by PE players across Europe.

Northern Trust hedge fund services launches new portal

Opalesque Industry Update - Northern Trust today announced the launch of its next-generation investor portal for alternative asset managers, offering an enhanced investor experience with updated data feeds, customized views and analysis. Increasingly, investors seek

Hedge funds continued to outperfrom the global equity market under market risk-off environment

Opalesque Industry Update - The Eurekahedge Hedge Fund Index was down 0.16% in October 2020, outperforming the global equity market as represented by the MSCI ACWI (Local), which lost 2.29% over the same period. Global

Omnes seals debut Irish renewables deal as firm continues Capenergie 4 raise beyond €500m goal

Paris-based private equity and infrastructure investor Omnes has made its first Irish renewables deal by backing solar PV developer Power Capital Renewable Energy.

AlpInvest, APG private equity co-founder Iain Leigh joins The Riverside Company advisory board

Lower mid-market private equity specialist The Riverside Company has brought in former AlpInvest North America head Iain Leigh in the wake of his retirement from APG Asset Management.

LDC sells Babble to Graphite for £90m

LDC has sold communications technology firm Babble to Graphite Capital for an enterprise value of £90m.

CIVC Partners celebrates 50th year of existence with hard cap-beating $525m Fund VI close

Mid-market Chicago buyout house CIVC Partners has celebrated its 50th year in of investing by sealing a hard cap-beating $525m final close for its sixth flagship fundraise.

Värde Partners races to $1.6bn Covid dislocation fund close in just five months of virtual fundraising

Credit and distressed investment specialist Värde Partners has hauled in a target-busting $1.6bn for a new Covid-19 dislocation fund, just a year after raising its biggest-ever flagship buyout fund.

Silver Lake spinout Sumeru Equity Partners seals big fund size jump with $720m Fund III close

Silver Lake spinout Sumeru Equity Partners has soared past its Fund III goal to haul in $720m for a final close of the investment vehicle.

Schroders Trust seeks £250m in IPO to capitalise on UK pandemic recovery

The company said it anticipates an increased need by UK companies for fresh equity, and that a proactive public and private equity investment strategy can generate positive returns

City firms reverse plans to return to work after latest lockdown

Banks in the City say that only critical staff are required to come into the office

Active managers need to do better or they don’t have a future, warns Martin Gilbert

Despite charging more for their expertise, studies have shown that active funds have failed to beat index-trackers

CFO pay at portfolio companies squeezed

Finance directors working for a mid-market private equity-backed business now earn an average salary of £166,368, down from £173,381 in 2019

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