Succession Plan Initiated at Levine Leichtman

Levine Leichtman Capital Partners (LLCP) has announced a management succession plan that names Matthew Frankel and Michael Weinberg as managing partners. LLCP was founded in 1984 and its co-founders – Arthur Levine and Lauren Leichtman

AMB :- Private equity activity declines significantly in Q2 2020, dry powder climbs towards $1.5tn

Laxman Pai, Opalesque Asia: The COVID-19 pandemic had relatively little effect on Q1 activity, not impacting European or North American countries until the end of the quarter, said Preqin. However, the slowdown was very...Article Link

Baltic telco Bitė boosts size of divi in bond market return

Bitė, a mobile, broadband and pay-TV firm in the Baltic region, and a portfolio company of Providence Private Equity, priced a dividend recap and refinancing of its whole capital structure this week, funded by a

HY investors take on tougher credits

High yield bond issuance is coming thick and fast in Europe, with primary supply not limited to straightforward Covid-proof credits, but also coming from highly levered firms feeling the pinch of the pandemic restrictions.

Axiom launches long/short HY fund at ‘beginning of the end of the cycle’

Axiom Alternative Investments has launched a new long/short global high yield fund, following the hire of Gilles Frisch as a portfolio manager last year, targeting the opportunities that will come through at the end of

Luxembourg slices 6bp from spread in sustainability debut

The Grand Duchy of Luxembourg launched Europe’s first sovereign sustainability bond to big demand on Monday morning, allowing the sovereign to bring the spread in by 6bp during pricing.

CPP Investments appoints former French railway company CEO as senior adviser

The groups investment portfolio in Europe makes up 15.5% of the pension plan’s total investments

Studio City scores $1bn as part of debt restructuring

Studio City Finance restructured its debt portfolio with a $1bn bond sale on Wednesday.

Philippine supply surges in dollar bond market

Philippine issuers are flooding the market with dollar bonds, giving investors an unprecedented selection of deals from the country. There is plenty more to come. Morgan Davis reports.

Bd-capital seals debut deal with the acquisition of UK’s Symprove

The firm, launched last year, is investing between €25m and €150m in pan-European mid-market businesses

Goldman Sachs Growth leads $80m series-D for LeanIX

Goldman Sachs Growth has backed an $80m series-D funding round for Germany-based enterprise architecture software LeanIX.

Arcadia-backed Favillini bolts on Idea Grafica

Pharmaceutical packaging manufacturer Grafiche Favillini, a portfolio company of private equity firm Arcadia, has wholly acquired Idea Grafica from the founding Pettinari family.

EQT’s Suse buys Rancher Labs

Open-source enterprise software infrastructure company Suse, a portfolio company of EQT, has acquired California-based Rancher Labs.

HIG Capital buys Project Informatica

HIG Capital has acquired a controlling stake in Italian IT specialist Project Informatica from founder and CEO Alberto Ghisleni, who will reinvest alongside the GP and continue to lead the company.

SoftBank ups stake in PolicyBazaar despite the InsurTech’s CEO claiming the previous investment was a “mistake”

Insurance marketplace PolicyBazaar has reportedly raised a further $130m from SoftBank, despite the chief executive believing the previous expansion efforts led by the mega investor were a "mistake."

Concirrus bags new VC investment just months after closing Series B round

Concirrus, an insurance software developer, has raised another $6m in funding, hot on the heels of its recent $20m Series B round.

Keensight hires Jamin as director

Keensight Capital has hired Stéphane Jamin as director for its portfolio performance team.

Silver Lake buys up French cloud payroll, HR software business Silae from founders

Tech-focused private equity major Silver Lake has agreed to buy French cloud-based payroll and HR software business Silae from the company's founding shareholders.

Los Angeles County pension fund seeks to cast wider net for co-investment deals

The pension system has struggled to access co-investment deals through its $6.5bn private equity portfolio

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