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Category: private equity

Scale of Covid damage to European PE becomes clear – but LPs are backing one surprise subsector to shine

The scale at which the European private equity industry has been besieged by the coronavirus crisis is becoming increasingly clear thanks to new data from PitchBook, with fundraising, dealmaking and exit activity all falling to

Advent narrowly avoids court trial after reaching cut-price $1.43bn Forescout buyout

Advent International has reached a cut-price agreement to buy Forescout Technologies for $1.43bn, narrowly avoiding a court trial in the wake of being sued by the company for attempting to back out of the deal.

New $250m-targeting private equity fund looks to help close US racial equality gap

A $250m-targeting private equity fund looking to back minority-owned businesses has been launched by the US-based Minority Wealth Commission.

Ex-PIMCO veteran Gross named head of institutional portfolio strategy at JP Morgan Asset Management

The $2.2tn-managing JP Morgan Asset Management has hired former PIMCO veteran Jared Gross for its newly created role of head of institutional portfolio strategy.

PPE, infection control product business Medicom gets CDPQ capital for Asian expansion

PPE and infection control specialist Medicom has picked up a loan from existing investor CDPQ to help expand the business into Asia.

Trivest Partners buys into tech-enabled retail agency Fortress Brand

Miami-based private equity house Trivest Partners has backed technology-enabled retail agency Fortress Brand as its latest investment.

Yellow Wood eyes massive fund size hike latest raise, could collect up to $750m

Consumer-focused private equity firm Yellow Wood Partners is back on the fundraising trail eyeing up to $750m - more than twice the amount it collected for its last fund.

Private equity funds being used for mass-scale money laundering: FBI

Private equity funds are being used for mass-scale money laundering according to the US Federal Bureau of Investigation, which said the industry lacks adequate money-laundering programmes.

Private equity carried interest could see UK tax hike after chancellor announces capital gains tax investigation

Private equity executives raking in hefty amounts in carried interest could be in line for a tax hike after the UK chancellor Rishi Sunak announced an investigation into the country's current capital gains tax system.

TPG takeover of Covid-ravaged Cirque du Soleil looks dead amid impending creditor deal – report

Private equity plans to take over world-famous Cirque du Soleil on the cheap after coronavirus pushed it into bankruptcy protection have been scuppered by creditors, who are reportedly set to agree a recapitalisation of the

Munich Private Equity Partners soars past Fund III goal with €162m final close

Munich Private Equity Partners has hit a €162m final close for its third buyout fundraise, soaring past its initial €100m target.

Advent helps Amazon.com seller acquirer Thrasio to $1bn valuation through debut tech fund investment

Advent International has helped Amazon.com FBA business acquirer Thrasio to a $1bn valuation by leading a hefty investment round for the company.

VC surge sees record-breaking private equity year for Central and Eastern Europe

A record-breaking year for private equity investment in Central and Eastern Europe saw €2.95bn of capital invested in over 460 companies, new data from Invest Europe shows.

KKR taps $1.3bn Global Impact Fund to back Australian carbon offset business Greencollar

Global private equity giant KKR has backed Australian carbon offsetting specialist GreenCollar through its $1.3bn Global Impact Fund.

LPEA names director of strategy Pesch as new CEO

The Luxembourg Private Equity and Venture Capital Association has named Stephane Pesch as its new CEO, nine months after he joined LPEA as director of strategy.

Valor Equity Partners passes $1bn in fifth flagship fundraise

Growth-focused private equity house firm Valor Equity Partners has passed the $1bn-mark for its fifth flagship fundraise.

Align Capital follows $450m Fund II close with deal for PE-backed-business advisory firm WilliamsMarston

Align Capital has followed the $450m hard cap close of its sophomore private equity fund earlier this year by backing accounting advisory and management consulting business WilliamsMarston.

EQT sells Fund VII investment to EQT VIII, IX and TA Associates in €3bn-plus deal

EQT has agreed to sell its EQT VII investment IFS to its successor funds EQT VIII and EQT IX alongside new backing from fellow private equity investor TA Associates in a deal worth more than

Oprah, Natalie Portman join Blackstone growth unit in $200m Oatly investment round

Oprah Winfrey and Natalie Portman were among superstar investors joining Blackstone's growth arm in leading a $200m investment round for Swedish oat milk producer Oatly.

US VC fundraising in 2020 already at one of highest totals since 2006, with half a year still to go

US venture capital fundraising has already hit one of its highest total since 2006 this year with only two quarters gone, despite massive headwinds from the coronavirus crisis impacting on dealmaking and exit activity, new

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