TSG Names Two New Managing Directors

TSG Consumer Partners (TSG) has promoted Erik Johnson and Ed Wong to managing director. Both Mr. Johnson and Mr. Wong are based in New York. “Erik and Ed have been an integral part of our

Sinic sells $210m bond with first-time ratings in hand

Chinese property developer Sinic Holdings (Group) Co launched a two year dollar bond on Thursday after receiving international credit ratings this week for the first time.

China policy and markets round-up: Beijing sets timeline for reform, May inflation data disappoints, aviation and auto industries recover

In this round-up, China’s central government pushes ahead with reform, both the consumer price index and the producer price index were weaker than expected in May, and aviation activity and car sales warm up.

Francisco Partners to acquire Consignor – report

According to reports, US-based GP Francisco Partners has signed an agreement to buy Norwegian shipping software company Consignor from its founder.

Bain Capital said to trump CVC bid for stake in Italy’s top football league, could value it at €12bn

Bain Capital is reportedly attempting to trump CVC Capital's buyout of a stake in Italian top-flight football league, Serie A, which could value it at about €12bn.

Zurich-based private equity firm Evoco races towards €150m Fund III target through first close

Zürich-based private equity house Evoco is almost two-thirds of the way to its €150m target for Fund III through a first close.

DPE’s Massenberg bolts on Aéro Solutions

Building maintenance company Massenberg, a portfolio company of DPE, has acquired a majority stake in cooling tower maintenance and repair specialist Aéro Solutions.

Swedish institutions to target coronavirus-hit businesses with new SEK3.5bn investment company

Swedish pension fund AMF, bank SEB and foundation-backed asset manager FAM have launched an SEK3.5bn investment company to back Swedish businesses struggling to make it through the coronavirus crisis.

Software development platform Postman hits $2bn valuation through Insight Partners-led round

API development platform Postman has soared to a $2bn valuation thanks to a Series C investment round led by private equity and venture capital firm Insight Partners.

Digital workplace comms, workflow service Spike gets Insight Partners backing

Digital workplace communications and workflow tool provider Spike has picked up backing from Insight Partners amid the launch of a new suite of offerings.

IFC shifts ESG focus onto banks with new dealer scorecards

The International Finance Corporation (IFC) has launched the first systematic process by an issuer to formally integrate environmental, social and governance (ESG) considerations into choosing its bookrunners. Senior funding officials and sustainability bankers have welcomed

People moves in brief

NatWest Markets names CEO and CFO — Natixis appoints new managers for UK and Middle East — Barclays' private capital markets boss leaves

Mengniu milks investors for $800m

China Mengniu Dairy Co hit the debt market straight after a profit warning, but still managed to attract investors to its $800m dual-tranche bond, tightening pricing on both portions by 80bp.

Sofinnova Partners sells its stake in Corvidia in $2.1bn deal

Life sciences venture capital firm Sofinnova Partners has sold its portfolio company Corvidia Therapeutics to Novo Nordisk for $2.1bn.

BoE boosts QE, Gilts unmoved

The Bank of England added £150bn to its quantitative easing programme at its monetary policy meeting on Thursday. The move will go a long way to soaking up the additional supply of Gilts.

Brynwood Taps Nestle Again

Brynwood Partners has formed Buitoni Food Company to acquire the North American Buitoni business from Nestlé at an enterprise value of $115 million. Buitoni is a national brand in the refrigerated pasta, sauces, and cheese

Capital Partners Buys MicroCare

Capital Partners has acquired MicroCare, a manufacturer of fluids and tools used for cleaning, coating, and lubrication. The buy of MicroCare was made through Capital Partners Private Equity Income Fund III LP, a $600 million

Trinity Hunt Continues Legal Services Efforts

Trinity Hunt Partners has acquired Juris Medicus, a provider of medical expert sourcing and case management services. San Antonio-headquartered Juris Medicus was founded in 2011 by its CEO, Dr. Gilbert Meadows, and provides services to

Kinderhook Closes First Chemtron Add-On

Chemtron Corporation, a portfolio company of Kinderhook Industries, has acquired Vexor Technology, a provider of non-hazardous waste processing services and alternative energy products. The buy of Vexor is the first add-on acquisition for Chemtron since

COVID-19 and Club Deals: An Alternative to Debt Financing for Acquirors

Posted by George E. Rudy, Philip O. Brandes, and Joshua J. La Vigne, Mayer Brown LLP, on Thursday, June 11, 2020 Editor's Note: George E. Rudy is counsel, Philip O. Brandes is partner, and Joshua

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