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Category: Software and Hi-Tech

Whitehelm in £80m funding round for Connexin

Whitehelm Capital has invested in an £80m funding round for digital infrastructure provider Connexin.

Carlyle, Softbank told to wait in line to make Reliance Retail investment amid continued huge demand – report

Investment giants Carlyle and Softbank have been told to wait in line after attempting to become the latest major investors in the retail business of India's Reliance Industries.

Inven Capial leads Zolar series-B expansion

Household solar energy systems startup Zola has closed its series-B funding round, led by Inven Capital, the venture arm of energy conglomerate CEZ, securing an additional €15m and bringing its series-B total to €25m.

Citadel Group shares surge after A$448.6m Pacific Equity Partners offer

Australian software company Citadel Group could be the latest beneficiary of the coronavirus-led working from home surge after receiving a A$448.6m buyout offer from Pacific Equity Partners.

Astorg’s Aries Group to offload two subsidiaries – reports

Beleaguered aerospace sub-contractor Aries Group, owned by French private equity firm Astorg, is looking to sell subsidiaries ACB and Dufieux, according to local reports.

Corsair-backed Zedra buys Fitzgerald & Law

Switzerland-headquartered corporate fund services provider Zedra, a portfolio company of Corsair Capital, has acquired UK-based Fitzgerald & Law (F&L).

Novacap strikes debut deal from first financial services fund with Optiom buyout

Canadian private equity house Novacap has picked up a majority stake in Optiom, a specialty insurance managing general underwriter and provider of vehicle replacement coverage.

CD&R hauls in about $12bn for its biggest buyout fund yet

Private equity major Clayton Dubilier & Rice is within touching distance of its $13bn goal for its biggest-ever buyout fundraise.

PE-backed e-commerce platform Allegro prepares IPO

The Polish company is owned by private equity groups Permira, Cinven and Mid Europa Partners

Pandemic-resilient Chinese healthcare companies in Investcorp’s sights with launch of new platform

Alternative investment major Investcorp has launched a new platform dedicated to backing Chinese healthcare companies.

Nvidia to buy SoftBank chip unit

The Japanese technology conglomerate is nearing another big asset sale — of Arm Holdings to Nvidia — that would create a chip-industry powerhouse

Private equity trio prepare to profit from what could be Poland’s biggest IPO

A private equity bet on Polish e-commerce retailer Allegro is set to pay off handsomely after the company said it was eyeing a valuation of up to €12bn through an IPO.

Winter is coming: Can private equity keep restaurants warm?

Covid-19 has upended the restaurant business, but out of crisis will come dramatic changes

Clayton Dubilier & Rice collects nearly $12bn so far for new buyout fund

The veteran buyout firm’s latest flagship fund already exceeds the $10bn the firm raised for its prior fund in 2017

Pandemic drives VC investments in e-bikes

Deloitte estimated that the number of e-bikes in circulation worldwide should reach 300 million by 2023 – a 50% increase compared with 2019’s 200 million

Banks try to keep juniors happy amid the pandemic with 15% ‘surprise’ bonus

While first-year analysts received an average bonus increase of 15% this year, those in their second year in the industry saw payments drop by around 6%

‘It’s still too easy to launder money in London’

While a flexible, pro-business approach has helped build the City’s stature, 'in some areas that’s gone too far', says top law enforcer

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