Navis Capital exits Amazon Papyrus to Longreach Group after strong Covid performance, source puts EV at about $200m

Singapore headquartered Navis Capital has sold its controlling interest in specialty chemical provider Amazon Papyrus to fellow buyout firm Longreach Group after sailing through the Covid-19 pandemic with strong performance.  The post Navis Capital exits

TA-backed asset manager Russell Investments launches new private markets fund targeting UK LPs

Russell Investments has launched the follow up to its debut $185m private markets fund closed two years ago. The post TA-backed asset manager Russell Investments launches new private markets fund targeting UK LPs first appeared

Retail specialist True launches £275m third fund in wake of online shopping boom at portfolio businesses

Retail and consumer specialist True has launched its £275m third investment fund as its investments in online sellers pay dividends amid the Covid-19 crisis. The post Retail specialist True launches £275m third fund in wake

Ashridge scores 1,439% IRR on Marclay after four-month hold

Ashridge Capital has netted a 2.6x multiple by exiting UK-based cybersecurity firm Marclay just four months after investing, resulting in a 1,439% IRR.

Investindustrial seals ‘one of Europe’s biggest PE exits this year’ with Polynt-Reichold stake sale

Private equity house Investindustrial has sealed one of Europe's largest PE exits this year with the sale of Polynt-Reichhold back to Black Diamond-backed holding company Speciality Chemicals International. The post Investindustrial seals ‘one of Europe’s

Charterhouse buys Labelium from Qualium

Charterhouse Capital Partners has acquired a majority stake in France-based B2B digital marketing agency Labelium from Qualium Investissement.

Unigestion hails strong pipeline for direct private equity after closing Fund II on over €600m

Asset management major Unigestion has hailed a strong pipeline for its second direct private equity fund after closing the vehicle on more than €600m. The post Unigestion hails strong pipeline for direct private equity after

Vista Equity Partners boosts Olive’s valuation to $4bn, a 1.6x increase in just six months

Software and data-focused Vista Equity Partners has driven AI-enabled healthcare provider Olive's valuation to $4bn to continue a massive funding surge for the business since the start of the Covid-19 pandemic. The post Vista Equity Partners

New York pension giant picks one big winner amid $770m of new PE fund commitments

US pension fund giant the New York State Common Retirement Fund has revealed another $770m of private equity commitments across a pair of fundraises. The post New York pension giant picks one big winner amid $770m

Investindustrial exits Polynt-Reichhold in buy-back

Speciality Chemicals International, the holding company of the Polynt-Reichhold group, has agreed to repurchase Investindustrial's shares in the business.

CapMan exits Solera Beverage Group to trade

CapMan Buyout has agreed to sell Solera Beverage Group to listed beverage company Royal Unibrew at an enterprise value of NOK 1.1bn (€103.5m) on a debt-free basis.

Boosting the City post Brexit is tougher than just giving a speech

Politicians have a tough task on their hands to turn talk into action to unlock the City's potential

Car giant BMW’s VC arm launches $300m second fund eyeing motoring’s sustainable future

Car giant BMW’s hybrid venture capital firm has launched a $300m investment fund targeting early to mid-stage start-ups in the sustainability, transportation, manufacturing and supply chain industries. The post Car giant BMW’s VC arm launches

EQT Exits Aldevron at $9.6 Billion

EQT Private Equity has agreed to sell Aldevron, a producer of nucleic acids and proteins, to Danaher Corporation for $9.6 billion. EQT acquired a majority stake in Aldevron in July 2019 from TA Associates. Aldevron’s

EQT to exit Fertin Pharma to Philip Morris International for DKK5.1bn EV after growing EBITDA by almost 50%

European private equity major EQT Private Equity has agreed to sell Fertin Pharma to Philip Morris International for an enterprise value of DKK5.1bn (€685.9m) after growing its EBITDA by almost 50%. The post EQT to

Vauban lauds infra fundamentals amid Covid-19, seals €2.5bn Fund III close

Vauban Infrastructure Partners has hit a €2.5bn hard cap close for its third core infrastructure fund, saying the sector's fundamentals remain strong despite the Covid-19 crisis. The post Vauban lauds infra fundamentals amid Covid-19, seals

Obama campaign treasurer Nesbitt’s PE firm Vistria raises $2.68bn Fund IV, just a year after Fund III close

Vistria Group has sealed a powerful return to fundraising by striking a $2.68bn hard cap final close for its fourth flagship fund, just 18 months after closing its predecessor vehicle. The post Obama campaign treasurer

Nordic Capital takes pandemic fundraising past €7.3bn with first mid-market Evolution Fund

Nordic Capital has taken its pandemic fundraising to more than €7.3bn through the final close of its first mid-market Evolution Fund. The post Nordic Capital takes pandemic fundraising past €7.3bn with first mid-market Evolution Fund

MML Capital continues 2021 fundraising success, beats Fund VII hard cap to reach €670m close

MML Capital has burst through the hard cap for its seventh flagship fundraise to reach a €670m final close, sealing its biggest investment vehicle yet. The post MML Capital continues 2021 fundraising success, beats Fund

China, SE Asia-focused ZWC Partners closes second US dollar fund on $774m

Chinese venture capital investor ZWC Partners has pulled in more than RMB5bn ($774m) to close its second US-dollar denominated fund. The post China, SE Asia-focused ZWC Partners closes second US dollar fund on $774m first

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