AnaCap seals first Spanish deal with the €120m takeover of software provider GTT

The company, focused on managing tax collection in the country, has been held by Spanish firm GED Capital since 2017

Thoma Bravo to take cloud insurance software business Majesco private in $594m buyout

Software and tech-focused private equity house Thoma Bravo has agreed a $594m take-private buyout of cloud insurance software provider Majesco.

European banks may face €800bn in losses if second Covid-19 wave hits

The losses would still be dwarfed by those stomached during the financial crisis

Portfolio financing is needed to get through the next two years

It is more important than ever for companies to access financing that is both tailored to what is needed and can be provided quickly, writes 17Capital partner Thomas Doyle

UK fundraising update: pausing for breath

A number of Ireland- and UK-based GPs that closed their most recent funds more than three years ago have delayed fundraises to either later in 2020 or 2021, or have altogether decided to explore new

Ex-Apollo exec Oh said to near $650m goal for second Mountain Capital fundraise

Mountain Capital, the energy-focused private equity house launched by former Apollo senior partner Sam Oh, is reportedly nearing its $650m goal for its sophomore fundraise.

Auctus-backed PharmaLex buys Regulis Consulting

PharmaLex, a portfolio company of Auctus Capital Partners, has acquired UK-based pharmaceutical, biotechnology and medical device consulting company Regulis Consulting.

Aurelius’s Zim Flugsitz in self administration

Aircraft seat manufacturer Zim Flugsitz, a portfolio company of Aurelius, has entered self-administration proceedings under German insolvency law.

Barclays hedge-fund risks made it ‘beyond saving,’ Abu Dhabi SWF exec says

David Forbes, who worked at a firm running the fund and was close to the bank’s 2008 bailout, told the court that he was concerned

Stephens Making Noise in Acoustics

The Stephens Group is continuing the build of Catalyst Acoustics Group with the buy of Fräsch, the company’s fifth add-on acquisition. Fräsch is maker of polyester wall panels, ceiling treatments, baffles, dividers, partitions, and acoustic

Brookfield Takes Piece of Superior Plus

Brookfield Asset Management has closed a US$260 million preferred stock equity investment in Superior Plus. Toronto-headquartered Superior (TSX: SPB) provides delivery, wholesale procurement and retail marketing of propane-related products, and distributes fuels including heating oil

UK government urged to launch ‘corporation’ to manage £35bn in unsustainable debt

The report comes as the government considers how to carefully pull the plug on the loan support schemes and other programmes that helped keep businesses and individuals afloat during the pandemic

Titanbay looks to open up private equity to smaller LPs with newly-launched platform

Fintech startup Titanbay is hoping to open up private equity investing to small and medium-sized institutional and private investors through its newly-launched platform.

LP platform Titanbay launches

LP platform Titanbay has now launched its platform for smaller LPs to invest in private equity funds.

EVentures leads $4m seed round for Sorare

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

Advent narrowly avoids court trial after reaching cut-price $1.43bn Forescout buyout

Advent International has reached a cut-price agreement to buy Forescout Technologies for $1.43bn, narrowly avoiding a court trial in the wake of being sued by the company for attempting to back out of 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.

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