GPs believe consumer discretionary sector has highest potential for PE deals, support for IT drops 10%

The consumer discretionary sector has become the most favoured sector in private equity investing while IT has lost its grip among managers, new research shows. The post GPs believe consumer discretionary sector has highest potential

BC Partners looking at $4bn deal to divest IT company Presidio – report

BC Partners is looking to exit IT Presidio at more than $4bn, including debt, Reuters reported quoting two people familiar with the matter. The post BC Partners looking at $4bn deal to divest IT company

Tailwind agrees Core BTS sale to Nomura Research Institute after significant bolt-on growth

Services-focused private equity house Tailwind Capital jhas agreed to sell Fund III portfolio company Core BTS to Nomura Research Institute. The post Tailwind agrees Core BTS sale to Nomura Research Institute after significant bolt-on growth

HIG exits IT consulting, services specialist CONET to IK Partners

HIG Capital has sold its stake in IT consulting, systems integration and software development company CONET to fellow private equity house IK Partners. The post HIG exits IT consulting, services specialist CONET to IK Partners

Permira acquires reimbursement software Motus from Thoma Bravo to capitalize on flexible working trend 

UK buyout house Permira has agreed to acquire reimbursement software Motus from fellow private equity firm Thoma Bravo.  The post Permira acquires reimbursement software Motus from Thoma Bravo to capitalize on flexible working trend  first appeared on AltAssets Private Equity News.

TA Associates buys into IT admin support software specialist PDQ

TA Associates has agreed to invest in IT asset management software provider PDQ to help accelerate the company's growth. The post TA Associates buys into IT admin support software specialist PDQ first appeared on AltAssets

Sequoia Capital China said to lead $150m series E funding round in AI platform Cloudwise

Sequoia Capital China has reportedly led a $150m series E round funding in Beijing Cloudwise Technology which specialises in AI for IT operations. The firm was joined by new investors including Boston Investment, the Greater

Livingbridge aims to tap into $150bn info security, risk market with Semafone investment

UK private equity house Livingbridge has agreed a majority investment in call and contact centre data security and compliance specialist Semafone. The post Livingbridge aims to tap into $150bn info security, risk market with Semafone

Remote working boom sees Nexthink strike $1.1bn valuation thanks to Permira-led Series D investment round

Employee IT experience management software business Nexthink has hit a $1.1bn valuation thanks to Series D investment round led by private equity house Permira.

Partners Group becomes majority owner of TA, HGGC-backed Idera

Global private markets investment major Partners Group has upped its investment in IT professional software provider Idera to become the majority owner.

DWS strikes £1bn valuation through significant Inflexion minority investment

Inflexion has helped IT, comms and cloud business Digital Wholesale Solutions to a £1bn valuation through a significant minority investment.

Mid Europa Partners carves out Polish arm of software major Sage Group

Central European private equity major Mid Europa Partners has agreed to carve out cloud business management company Sage Poland from The Sage Group.

Thoma Bravo buys back into Flexera at reported $2.85bn valuation, 12 years after $200m buyout

Thoma Bravo has bought back into TA Associates and Ontario Teachers' Pension Plan-backed IT management business Flexera at a reported $2.85bn valuation.

Livingbridge, LDC sell Giacom to trade buyer in wake of Covid-19 revenue rise

UK private equity houses Livingbridge and LDC have agreed to sell specialist cloud services marketplace Giacom to trade buyer Digital Wholesale Solutions.

Healthcare IT investment specialist Council Capital closes biggest fund yet on $200m hard cap

Healthcare-focused private equity house Council Capital has closed its biggest fund to date on its $200m hard cap.

Main Capital looks to build European IT security major following Pointsharp buyout

European private equity house Main Capital has bought a majority stake in IT identity and access management business Pointsharp with the aim of creating a major Swedish security player.

OpenGate Capital looks to build US government IT specialist Aurotech after agreeing buyout

OpenGate Capital has acquired government digital services and tech consulting company Aurotech.

Welsh Carson Anderson & Stowe buys into US federal health IT services contractor GovernmentCIO

Tech-focused private equity house Welsh, Carson, Anderson & Stowe has made a strategic investment in GovernmentCIO, a provider of high-end tech and digital solutions to the US federal health IT services market.

MidOcean Partners buys into Huron Capital’s IT, managed services portfolio company InterVision

MidOcean Partners has bought into Huron Capital portfolio business InterVision Systems.

Baring Private Equity Asia seals Virtusa take-private at about $2bn valuation

Baring Private Equity Asia has agreed a buyout of digital engineering and IT specialist Virtusa in a deal which values the business at about $2bn.

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