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Category: Portfolio Company News

Gemspring continues impressive fund size growth with $2bn across new flagship, growth vehicles

Connecticut private equity firm Gemspring Capital has raised more than $2bn across its latest flagship fund and a new growth vehicle. The post Gemspring continues impressive fund size growth with $2bn across new flagship, growth

Highland Europe seals big fund size boost with €1bn final close

Highland Europe has hit a €1bn final close for its fifth flagship fund, a 50% increase on its last fundraise completed in 2020. The post Highland Europe seals big fund size boost with €1bn final

SoftwareONE on PE watchlist amid take-private optimism

SoftwareONE is being eyed by private equity firms as a possible buyout opportunity, according to sources familiar with the matter, amid cautious optimism over a return of European take-private deals.

When Private Equity Came for the Toddler Gyms

The same playbook that has notched high returns acquiring things like foreclosed homes and highway rest stops is being tested by a family-oriented franchise.

21 Invest France eyes EUR 300m Fund VI target by year-end

French sponsor 21 Invest is aiming to complete the remaining EUR 150m of fundraising for its sixth fund by year-end, marketing and investor management professional at 21 Invest France Astou Ciss told Unquote on the

IPEM 2023: GPs battle fundraising blues on the Côte d'Azur

Panels and conversations at IPEM 2023 in Cannes were dominated by sponsors’ and LPs’ need to overcome the tough fundraising and deal-making environment, with a noticeable change in dynamics as the industry works out how

Equistone to exit Acuity in sale to Permira

Pan-European sponsor Equistone has sold its majority stake in financial services research and analytics provider Acuity Knowledge Partners to Permira.

Clessidra on track for 2023 final close for debut private debt fund

Italian sponsor Clessidra Capital Credit is aiming for a 2023 final close for its first private debt vehicle on EUR 250m, having raised EUR 150m so far.

Permira buys Equistone’s majority stake in Acuity Knowledge Partners

Equistone Partners Europe has sold a majority stake in financial services research and analytics business Acuity Knowledge Partners to fellow private equity house Permira. The post Permira buys Equistone’s majority stake in Acuity Knowledge Partners

Bridgepoint picks advisers for Moneycorp upcoming sale

Bridgepoint has retained Goldman Sachs to oversee its exit from Moneycorp, according to sources familiar with the matter.

Rocket, jet engine parts servicing specialist Kittyhawk gets Trive Capital backing

Dallas-based buyout house Trive Capital has invested in Kittyhawk, which specialises in servicing partners for the space, commercial aerospace, defense, and medical applications. The post Rocket, jet engine parts servicing specialist Kittyhawk gets Trive Capital backing first

Self-storage real estate specialist Prime Group destroys Fund III target with $2.5bn hard cap close

Real estate private equity specialist Prime Group Holdings has hit a $2.5bn hard cap final close for its third Prime Storage Fund, well above its $1.5bn target. The post Self-storage real estate specialist Prime Group

New Jersey pension picks Khosla fund trio, Glendon distressed vehicle for latest commitments

The $83.7bn New Jersey Pension Fund has backed the latest fundraises from Khosla Ventures and Glendon Capital Management in its latest set of alternatives commitments. The post New Jersey pension picks Khosla fund trio, Glendon

NEA brings AUM to over $25bn with hefty new double fund close

Venture capital giant New Enterprise Associates has hauled in $6.2bn across a pair of new funds, splitting its flagship fundraise across two different vehicles for the first time. The post NEA brings AUM to over $25bn

Vision Ridge raises $700m for new sustainable real assets annex fund

Sustainable real assets investor Vision Ridge Partners has raised $700m for the final close of its new SAF Annex Fund. The post Vision Ridge raises $700m for new sustainable real assets annex fund first appeared

Main Capital exits Onventis in SBO to Keensight

Netherlands-based private equity firm Main Capital Partners has sold German procurement technology business Onventis to French growth investor Keensight Capital.

AE Industrial makes cybersecurity specialist REDLattice second Fund III platform deal

Aerospace, defence and government services-focused buyout house AE Industrial Partners has bought a stake in cybertechnology business REDLattice Incorporated. The company, which specialises in providing full-suite cybersecurity for US national security, defense and commercial customers, is

Bain Capital sells Indian port business JM Baxi to German shipping giant Hapag-Lloyd

Private equity major Bain Capital has sold its stake in maritime logistics player JM Baxi Ports & Logistics to German shipping and container transportation company Hapag-Lloyd. The post Bain Capital sells Indian port business JM

Comvest Partners picks IR veteran Mendell as new managing director

Operationally-focused private equity house Comvest Partners has hired investor relations veteran John Mendell as a managing director. The post Comvest Partners picks IR veteran Mendell as new managing director first appeared on AltAssets Private Equity

JC Flowers brings in ex-Apollo, Eaton Partners exec Meade as investor relations head

Financial services-focused private equity house JC Flowers has former Apollo and Eaton Partners exec Dan Meade as head of business development and investor relations. The post JC Flowers brings in ex-Apollo, Eaton Partners exec Meade as

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