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UK hunts for way to provide bailout loans to debt-laden private equity-backed businesses: FT

The UK government is reportedly searching for a way to offer state-backed loans to debt-heavy private equity-backed businesses to bolster struggling high street retailers, the FT has said.

Private equity-backed Vertafore bought by rival Roper in $5.35bn deal

Private equity-backed insurance software company Vertafore has been bought by industry rival Roper Technologies in a $5.35bn buyout. Bain Capital and Vista Equity Partners agreed to buy Vertafore four years ago from TPG Capital in a $2.7bn deal.

PE-backed Vertafore targeted by rival Roper, other buyout firms, deal could reach $5.5bn – report

Private equity-backed insurance software company Vertafore is in the sights of other buyout houses and rival Roper Technologies in what could end up as a $5.5bn buyout.

Rival offer sees Thoma Bravo up deal for insurtech business Majesco to $729m

Private equity house Thoma Bravo has upped its previously agreed deal for cloud insurance software provider Majesco to $729m amid rival interest from a new suitor.

Ex-Cinven exec Robinson boosts Aberdeen Standard Investments’ European private equity team

Global investment giant Aberdeen Standard Investments has boosted its private equity capabilities by bringing in former Cinven exec Chris Robinson for its European operation.

Buyout-backed Clearwater Analytics eyes $2bn valuation from potential sale – report

Private equity-backed investment management software business Clearwater Analytics is reportedly eyeing a sale which could value the business at $2bn.

Blackbird Ventures follows soaring Canva success with A$500m fund close

Australian venture capital major Blackbird Ventures has raised its biggest fund to date by collecting A$500m for its fourth flagship investment vehicle.

Debt-laden AA could come back into private equity hands as buyout majors enter talks with company

Debt-heavy UK roadside recovery business AA could be coming back into private equity hands after receiving buyout interest from a string of big-name firms.

Benelux dethroned by Nordics as world’s top-performing private equity market

The Nordic region has become the world's top-performing private equity market, helping Western Europe consolidate its position at the top of the global PE tree, new research has revealed.

Vitruvian Partners races to $4bn hard cap close for new fund raised entirely during lockdown

Vitruvian Partners has wrapped up a rapid $4bn raise for its fourth flagship fund, taking less than three months to hit its hard cap.

Veteran private equity pair join Triago as firm looks to boost offering to LPs, GPs amid Covid-19

Private equity industry veterans Andrew Rosato and Simeon Ketchum have been hired by fund advisory specialist Triago as it looks to deepen its services amid the impact of Covid-19 on LPs and GPs.

PE firms eyeing lucrative Italian football broadcast rights forced to wait as clubs mull options – report

Private equity majors eyeing the lucrative broadcasting rights of Italy's top football league have been forced to wait after its clubs asked for more time to assess the proposals, Reuters has reported.

KKR taps $1.3bn Impact Fund for Spanish online job training, exam prep provider MasterD

Global private equity giant KKR has bought a majority stake in Spanish vocational training business MasterD.

Ardian buys French insurance broker Finaxy from Equistone Partners Europe

Ardian has bought a majority stake in Finaxy, a French multi-specialist B2B and B2C insurance broker, from fellow private equity investor Equistone Partners Europe.

Permira, Coller among UK PE firms teaming up to fight climate change

A group of private equity majors including Permira and Coller Capital have teamed up to help fight climate change through the launch of a new international network.

Europe’s VC firms defy Covid-19 woes with deal surge – with one region even on track to beat record 2019 total

Europe's venture capital industry has staged a remarkable fightback against the coronavirus-induced market slump by posting one of the largest dealmaking totals on record in Q2.

Industrials-focused Crossplane Capital clears $155m for ongoing debut fundraise

Industrials-focused private equity house Crossplane Capital has taken its first plunge into the fundraising market, hauling in at least $155m for its debut investment vehicle.

Crestview Partners commits to water-focused finance company Upwell

Crestview Partners has invested in San Francisco-based water-focused specialty finance company Upwell Water.

BC Partners buys into automatic machine maker IMA at €2.93bn valuation

Global buyout house BC Partners has agreed to buy into automatic Italian machinery maker IMA through a stake purchase in current owner Societa Finanziaria Macchine Automatiche (Sofima).

Ex-Blackstone senior exec Akazhanov joins HIG Capital as Advantage Fund managing director

Former Blackstone senior exec Timur Akazhanov has been brought in by HIG Capital as a managing director of the firm's Capital’s Advantage Fund.

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