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Category: Software and Hi-Tech

Comment: Reclaiming American greatness

The US’s best hope in the presidential elections lies with Joe Biden but healing a divided populace requires time and energy

KKR buys 1-800 Contacts from AEA following demand spike at peak of Covid-19 lockdown

US buyout giant KKR has agreed a buyout of the biggest contact lens retailer in the US, 1-800 Contacts, from fellow private equity house AEA Investors.

KKR buys into Reliance Retail at $57bn valuation as firms scramble to back business

KKR has followed private equity peer Silver Lake in picking up a stake in the retail arm of India's Reliance Industries, leading a line of buyout houses scrambling to get in on backing the business.

Abry Partners invests in Chimney Vigor Group

Swedish media production company Chimney Vigor Group (CVG) has secured a growth equity investment from private equity firm Abry Partners.

Triton’s AVS Verkehrssicherung bolts on SRV Verkehrstechnik

Triton portfolio company AVS Verkehrssicherung has acquired Germany-based road marking, traffic and construction site safety business SRV Verkehrstechnik.

Hg reinvests in Citation

Hg has reinvested in compliance software company Citation.

Capza backs IMF Business School

Capza has acquired a majority stake in IMF Business School, a Spanish provider of digital education.

RedBird Capital seals N3 sale to Accenture as businesses scramble for digital sales expertise amid Covid-19

RedBird Capital Partners has agreed to sell digital sales expert N3 to professional services giant Accenture after four years in its portfolio.

3i buys majority stake in GartenHaus

3i has acquired a majority stake in Germany-headquartered GartenHaus, an online retailer of garden houses and sheds.

Palladium picks up century-old modular steel buildings, hardware business Trachte USA

Palladium Equity Partners has bought 101-year-old modular steel buildings and hardware business Trachte USA.

Apax to buy Odigo from Capgemini

Apax France has entered into exclusive negotiations with Capgemini to acquire Odigo, a French contact centre specialist.

These 5 private equity billionaries just made it into Forbes’ 400 richest Americans list

The global coronavirus pandemic has caused financial mayhem across the globe for businesses and families alike - but America's richest people have become even richer amid the crisis.

Nord Holding acquires Bock

Nord Holding has wholly acquired Bock – a company that produces piston compressors for cooling and refrigeration technology – from its listed parent company, GEA Group.

HSBC joins rivals in freezing UK back-to-office plans as City braces for another lockdown

The UK lender paused its plans to roll out 'phase one' of getting staff back to the office, with only 'critical' staff encouraged to come into both its branches and its office in Canary Wharf

UK exits set to drag in Q3

Following a dramatic drop in exit activity in Q2, early figures from the third quarter suggest that very few GPs will be in sell mode for the rest of year. Katharine Hidalgo reports

Inven, Contrarian lead €5m series A round for Eliq

Swedish energy monitoring software company Eliq has raised €5m in a series-A funding round led by Inven Capital and Contrarian Ventures with participation from existing investors.

Asda deal could be struck this month as Lone Star quits race

One of the bidders, Apollo has already lined up a £3.75bn debt package to fund the purchase, a person told Private Equity News

Hg seals trade sale exit of A-Plan Group after more than doubling revenue at company

European software and tech private equity specialist Hg has scored an exit of UK insurance intermediary A-Plan Group to international trade buyer Howden.

Howzat Partners to eye ailing travel sector with new €120m fundraise – report

Howzat Partners is reportedly raising a new $120m fund as it looks to profit from startup opportunities in the ailing travel sector.

Dust Off Desks and Boot Up Terminals: Wall St. Returns, Fitfully

New York’s finance industry is beginning to reoccupy offices in fits and starts, impeded by uncertainty around the virus.

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