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Sutter Hill seals astronomical return after early bet on Snowflake ends in $80bn-plus IPO valuation

Sutter Hill Capital is celebrating an astronomical return on its investment in cloud data warehousing business Snowflake after it sealed the biggest software IPO in history at an $80bn-plus valuation.

Kahoot! acquires VC-backed Actimo

Kahoot!, a Norwegian games-based education platform, has wholly acquired Actimo, a Danish mobile workspace developer for remote employees that is backed by venture capital investors including Promentum Equity Partners.

Clearlake Capital buys insurance SaaS specialist Zywave from Aurora Capital Partners

Clearlake Capital Group has agreed to buy front office insurance software-as-a-service business Zywave from Aurora Capital Partners.

Blackstone invests in $500m round for Ki

Blackstone has invested in a $500m funding round for software-driven insurance technology company Ki.

Warburg teams with veteran information services, software trio to launch MLM II platform with up to $1bn of equity

Warburg Pincus has launched information services and software platform MLM II alongside industry a trio of industry veterans, with up to $1bn of total equity.

GI Teams with Charlesbank on HVAC Platform

GI Partners has acquired a majority equity interest in American Residential Services. Existing investor Charlesbank Capital Partners and management are also making significant new investments in the business. American Residential Services (ARS), is among the

Stephens Promotes Two to Senior Associate

The Stephens Group has promoted Rob Dickinson and Jens Talbert to Senior Associate. “We are pleased to recognize Jens’ and Rob’s hard work and efforts with promotions,” said Witt Stephens, Chairman and CEO of The

Warburg, management commit up to $1bn for new tech platform

The US-based firm is joining with industry executives to form a new information technology company

Hg-backed Transporeon bolts on ControlPay

Industrial logistics software developer Transporeon, a portfolio company of Hg, has acquired Netherlands-based freight audit and payment service ControlPay.

Main Capital buys majority stake in Mach

Software-focused GP Main Capital Partners has acquired a majority stake in Germany-based Mach, a developer of government and public sector digitalisation software.

WinCup Switches Sponsors

Atar Capital has acquired WinCup, a manufacturer of disposable foodservice supplies, from BlackRock. WinCup’s products include dine-in and to-go cups, bowls, containers, lids, straws, and stirrers. The company sells its products across all foodservice channels

Wind Point Stays Cool with RTIC Buy

RTIC Outdoors, an online seller of coolers, has been acquired by Wind Point Partners. RTIC uses an eCommerce-based direct-to-consumer model to sell its coolers, tumblers, bottles, travel bags, and other products to outdoor enthusiasts. The

Compass Hires Katie Melzer

Compass Diversified has hired Katie Melzer as a managing director and head of business development. Prior to joining Compass Diversified (CODI), Ms. Melzer spent more than 15 years at Robert W. Baird, most recently serving

One Peak leads $30m series-A round for KeepIt

Danish backup software provider KeepIt has raised $30m in a series-A round led by UK-based growth investor One Peak.

City cocaine use rises in lockdown as young, white males take up drug

Addiction service for financial services workers warns that drug use is massively underestimated

PE-backed Allegro announces intention to float

Allegro, a Poland-based e-commerce platform backed by Cinven, Permira and Mid Europa Partners, has announced its intention to list shares on the Warsaw Stock Exchange.

Axcel-backed Superoffice to acquire Infobridge – report

Axcel-backed Norwegian software company Superoffice is to acquire the Dutch software company Infobridge, according to Finansavisen.

Citadel Group shares surge after A$448.6m Pacific Equity Partners offer

Australian software company Citadel Group could be the latest beneficiary of the coronavirus-led working from home surge after receiving a A$448.6m buyout offer from Pacific Equity Partners.

Winter is coming: Can private equity keep restaurants warm?

Covid-19 has upended the restaurant business, but out of crisis will come dramatic changes

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