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Category: Software and Hi-Tech

Zeotap raises $42m in series-C round

German customer intelligence platform provider Zeotap has raised $42m in a series-C round from NeueCapital, Math Capital, TTCER Partners, Kathaka, the Rupert family office, and Coparion.

Headway Capital exits lighting specialist Castaldi to trade

London-headquartered secondaries specialist Headway Capital Partners has sold Italian lighting company Castaldi Lighting to market peer Penta.

CommerzVentures invests $6m in Concirrus

CommerzVentures has invested $6m in speciality analytics firm Concirrus.

CalPERS falls well short of annual returns goal as private equity performance turns negative

US pension giant CalPERS has fallen well short of its annual return goal amid its private equity investments tanking due to the coronavirus.

EVentures leads $4m seed round for Sorare

EVentures has led a $4m seed funding round for Sorare, a Paris-based fantasy football game developer.

Polaris to acquire and merge four Danish coach operators

Nordic private equity firm Polaris has acquired and plans to merge four Danish bus and coach operators to form a single nationwide transport company, Vikingbus.

Draper Esprit leads £16.4m in series-C round in Ravelin

Draper Esprit has led a £16.4m series-C funding round for fraud detection company Ravelin.

Fund Profile: Ardian Secondary Fund VIII

Head of Ardian US Benoît Verbrugghe talks to Unquote about plans to use recently raised funds to provide liquidity to investors amid the Covid-19 pandemic, and the evolution of the secondaries market

Milaya in £15m round for Lanistar at a £150m valuation

Milaya Capital invests in a £15m funding round for alternative banking financial technology company Lanistar.

Cirque du Soleil positions lenders to take control from TPG

Bankrupt circus producer prepares to sign deal that would strip TPG and other shareholders of their ownership stakes

Women bankers fear the coronavirus crisis will derail their careers

The crisis was heralded as a chance to level the playing field for working mothers in banking – it has not worked out that way

LPs turn to debt, mezzanine infrastructure funds amid coronavirus flight to safety

Limited partners are increasingly turning to debt and mezzanine infrastructure funds as they hunt for relatively safe havens for their investments amid the ongoing Covid-19 pandemic.

SE Asia-focused Wavemaker Partners breezes past Fund III goal to reach $111m final close

Southeast Asia-focused venture capital house Wavemaker Partners has breezed past its target to reach a $111m final close for its third fundraise.

Scale of Covid damage to European PE becomes clear – but LPs are backing one surprise subsector to shine

The scale at which the European private equity industry has been besieged by the coronavirus crisis is becoming increasingly clear thanks to new data from PitchBook, with fundraising, dealmaking and exit activity all falling to

Forescout takes haircut in new buyout agreement with Advent

Forescout took a 12% cut in its sale price to a private equity firm after the coronavirus stalled the deal

New $250m-targeting private equity fund looks to help close US racial equality gap

A $250m-targeting private equity fund looking to back minority-owned businesses has been launched by the US-based Minority Wealth Commission.

Ex-PIMCO veteran Gross named head of institutional portfolio strategy at JP Morgan Asset Management

The $2.2tn-managing JP Morgan Asset Management has hired former PIMCO veteran Jared Gross for its newly created role of head of institutional portfolio strategy.

PPE, infection control product business Medicom gets CDPQ capital for Asian expansion

PPE and infection control specialist Medicom has picked up a loan from existing investor CDPQ to help expand the business into Asia.

Trivest Partners buys into tech-enabled retail agency Fortress Brand

Miami-based private equity house Trivest Partners has backed technology-enabled retail agency Fortress Brand as its latest investment.

Family offices lower their private equity outperformance expectations

Only around half of family offices said they expected private equity to outperform public investments

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