UK investors’ sentiment worsens over pandemic and Brexit – survey

The outlook for the next two years is negative for 70% of investors and business leaders interviewed

Warburg Pincus exits fintech business Avaloq in $2.2bn deal

Transaction with the Japanese electronics and technology company NEC is expected to close in April 2021

White Star holds first close for $30m Digital Asset Fund

White Star Capital has held a first close for its new vehicle, Digital Asset Fund, which has a $30m target and invests in crypto-networks and blockchain-enabled businesses.

Inspirit invests in Procam Group

UK investment firm Inspirit Capital has made an investment in London-based digital cinematography and hire facility Procam Group.

Warburg Pincus sells stake in Avaloq at CHF 2bn valuation

Japan-headquartered NEC Corporation has wholly acquired Switzerland-based banking software platform Avaloq from existing shareholders, including Warburg Pincus, in a deal valuing the fintech company at CHF 2.05bn.

SK Carves-Out Specialty Polymers Biz of Baker Hughes

SK Capital has formed NuCera Solutions to acquire the specialty polymers business of Baker Hughes. NuCera produces specialty olefin polymers and high melting point polyethylene waxes that are used in adhesives, candles, coatings, imaging, personal

Snow Phipps Buys Prototek from CORE

Snow Phipps has acquired Prototek, a provider of rapid prototyping services, from CORE Industrial Partners. Prototek’s capabilities include CNC machining, powder coating, chromating, anodizing, silk screening, and assembly. The company can prototype parts from a

Castle Harlan Sells Colyar to Banneker

Castle Harlan has sold Colyar Technology Solutions to EMS LINQ, a portfolio company of Banneker Partners. Colyar specializes in the design, development, and implementation of child nutrition, food distribution, and compliance management software. The company

Norvestor exits Aptilo Networks to trade

Norvestor has sold its stake in wireless network service Aptilo Networks to listed Swedish tech company Enea for SEK 92m (€8.8m).

Tree Line Sees Future at Alpine’s Ingenio

Tree Line Capital Partners and CVC Credit Partners have provided an increase to their existing credit facility to Ingenio, a portfolio company of Alpine Investors. With the new increase, used to support an add-on acquisition

H.I.G. Closes Virtually Raised Fund VI

H.I.G. Capital has held an above-target close of H.I.G. Capital Partners VI LP with aggregate capital commitments of $1.3 billion. Like its five prior funds, Fund VI will invest in lower middle-market companies, primarily in

Windjammer Exits AI at 24x

Windjammer Capital has agreed to sell Advanced Instruments to Patricia Industries, a subsidiary of industrial holding company Investor AB, at an enterprise value of $780 million. Windjammer acquired Advanced Instruments from its founding family in

KKR buys into Reliance Retail at $57bn valuation as firms scramble to back business

KKR has followed private equity peer Silver Lake in picking up a stake in the retail arm of India's Reliance Industries, leading a line of buyout houses scrambling to get in on backing the business.

Capza backs IMF Business School

Capza has acquired a majority stake in IMF Business School, a Spanish provider of digital education.

RedBird Capital seals N3 sale to Accenture as businesses scramble for digital sales expertise amid Covid-19

RedBird Capital Partners has agreed to sell digital sales expert N3 to professional services giant Accenture after four years in its portfolio.

UK exits set to drag in Q3

Following a dramatic drop in exit activity in Q2, early figures from the third quarter suggest that very few GPs will be in sell mode for the rest of year. Katharine Hidalgo reports

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