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Category: Software and Hi-Tech

Travelport owners and lenders settle $1bn debt dispute

The settlement cools tensions between UK-based Travelport's top lenders and its private equity backers Elliott and Siris Capital Group

Blackstone, Fairfax inject $500m into Lloyd’s move to AI

The algorithm will allow brokers to reduce the amount of time taken to place their follow capacity

AMB :- Global hedge funds record their best five-month performance of 12.85%

Laxman Pai, Opalesque Asia: The Eurekahedge Hedge Fund Index was up 1.85% in August, bringing its year-to-date return to 3.79% and its five-month trailing return to 12.85% since end-March. "Global hedge funds record...Article Link

KKR Acquires Industrial Distribution Property in Phoenix

Core Plus Real Estate Strategy Adds Third Industrial Asset to Portfolio NEW YORK--(BUSINESS WIRE)-- KKR, a leading global investment firm, today announced the acquisition of an industrial distribution property in Phoenix, Arizona for a purchase

Barclays traders sent home in London after testing positive for Covid

A memo to staff said: 'Anyone who interacted with the affected individuals was notified and advised to self-quarantine for 14 days'

Clearlake Capital co-founder gives $20m to Princeton University

Earlier this year, the US-based firm closed on more than $7bn for its latest buyout fund Toggle

Kahoot! acquires VC-backed Actimo

Kahoot!, a Norwegian games-based education platform, has wholly acquired Actimo, a Danish mobile workspace developer for remote employees that is backed by venture capital investors including Promentum Equity Partners.

Global economic recovery may take at least five years, World Bank’s Reinhart says

'Everything depends' on when a vaccine gets approved and how long it takes to be given to people

PE players await DACH carve-outs uptick

With corporates under pressure due to the coronavirus pandemic, opportunities are likely to open up for sponsors interested in carve-outs. Harriet Matthews reports on the opportunities and challenges for GPs looking to invest in the

LT Capital acquires Global Partner

LT Capital has acquired France-based IT consultancy Global Partner.

KKR passes $11bn for fourth flagship Asia fundraise, could raise $12.5bn – report

KKR has hauled in more than $11bn through the first close of its latest mammoth Asia private equity fund, putting it well on the way to its target, Reuters reports.

Quadrivio’s 120% Lino buys Rosantica

Quadrivio-backed 120% Lino has acquired a 60% stake in Italian fashion accessories specialist Rosantica.

Clearlake Capital buys insurance SaaS specialist Zywave from Aurora Capital Partners

Clearlake Capital Group has agreed to buy front office insurance software-as-a-service business Zywave from Aurora Capital Partners.

Nauta Capital leads €4.7m series-A round for HappySignals

UK-based venture capital investor Nauta Capital has led a €4.7m series-A funding round for HappySignals, a Helsinki-based developer of an employee engagement platform.

Carlyle backs disinfectant sprayer business Victory Innovations following Covid demand boom

Carlyle is looking to take advantage of the huge demand for disinfecting schools, offices and businesses with an investment in electrostatic sprayer maker Victory Innovations.

EQT buys Casa.it from Oakley Capital

Swedish private equity firm EQT has acquired Italian online real estate marketplace Casa.it from Oakley Capital.

MVI acquires majority stake in PS Auction

MVI has acquired a majority stake in digital auction platform PS Auction.

Blackstone invests in $500m round for Ki

Blackstone has invested in a $500m funding round for software-driven insurance technology company Ki.

Warburg teams with veteran information services, software trio to launch MLM II platform with up to $1bn of equity

Warburg Pincus has launched information services and software platform MLM II alongside industry a trio of industry veterans, with up to $1bn of total equity.

Corridor Capital pulls in $118m from LPs for Fund III final close

Corridor Capital has hit a final close for its third fund with more than $118m of LP commitments - more than double the total it received for Fund II.

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