VCs exit UltraSoc to Siemens

VC backers including Octopus Ventures and eCapital have sold their stakes in Cambridge-based electronic chip developer UltraSoc to Siemens

Waterland’s Tineo bolts on Netrics

It service Tineo, a portfolio company of Waterland, has acquired Switzerland-based workplace cloud and digitalisation consultancy company Netrics.

Clessidra to launch €600m fourth fund

Italian private equity firm Clessidra is preparing the launch of its fourth buyout fund, which will have a target of around €600m and will start fundraising in the coming months, Unquote understands.

KKR close to raising Asia’s biggest-ever private equity fund after reaching $10bn mark – report

KKR has hauled in more than $10bn for its fourth pan-Asian private equity fund, putting it within a whisker of becoming the biggest-ever PE vehicle raised targeting the region.

Tenzing shrugs off Covid-19 to race to $400m Fund II close, believed to be first entirely virtual buyout fundraise

UK-based private equity house Tenzing has raced to a £400m final close for its sophomore fund in what is believed to be the first buyout fund raised entirely virtually.

ICG acquires Workhuman minority at $1.2bn valuation

Intermediate Capital Group (ICG) has acquired a minority stake in HR platform Workhuman at a valuation of $1.2bn.

Africa sees VC deals surge to reach record dollar total last year: AVCA data

African venture capital activity reached its highest dollar total on record last year thanks to a surge in dollars being invested in the continent's startups.

Upfront Ventures back with Fund VII raise to follow last year’s growth fund launch

LA-based early-stage investment house Upfront Ventures is back in the fundraising market with its seventh flagship fund.

PAI Partners bolsters senior operations team with new hire

Boullier will lead IT and digital transformation across the firm and its portfolio companies

Ex-Warburg Pincus execs raise €392m for debut tech-driven B2B fund

Specialist investment firm Corten Capital has held the €392m final close for its maiden fund, which will back technology-driven B2B services.

Opalesque Exclusive: The Corona Fighters Report 52: Asset managers who delivered in the downturn

Bailey McCann, Opalesque New York: This is our regular report on hedge funds and alternative asset managers who are successfully protecting assets and outperforming the markets during the first months of 2020. A convergence in

AMB :- Opalesque Exclusive: The Corona Fighters Report 52: Asset managers who delivered in the downturn

Bailey McCann, Opalesque New York: This is our regular report on hedge funds and alternative asset managers who are successfully protecting assets and outperforming the markets during the first months of 2020. A conve...Article Link

AEI Forms New Analytics and AI Platform

AE Industrial Partners (AEI) has acquired a majority interest in NuWave Solutions, a provider of data management, artificial intelligence, and machine learning services. NuWave’s services are used by governments and businesses to glean intelligence from

First Atlantic Adds to Packaging Platform

C-P Flexible Packaging, a portfolio company of First Atlantic Capital since February 2013, has acquired Genpak Flexible from The Jim Pattison Group. Genpak Flexible’s products include die-cut rollstock and pouches, as well as paper-based laminations

CoolSys Closes Fifth Add-On

Source Refrigeration Holdings (DBA CoolSys), a portfolio company of Ares Management and the parent company of refrigeration and HVAC companies nationwide, has acquired Eastern Refrigeration. Ares Management acquired CoolSys from Audax Private Equity in March

Sherpa Capital holds €120m final close for special situations fund

The Madrid-based firm said fundraising took just a few weeks despite the Covid-19 distress, attracting international investors

Coronavirus user surge helps Canva strike $6bn valuation through latest VC investment round

Australian design software company Canva has surged to a $6bn valuation thanks to its latest venture capital-backed investment round.

VCs in £25m round for Cazoo at valuation of $1bn

Several VCs have invested £25m in online used car retailer Cazoo, giving the company a valuation of $1bn.

Riverside passes $260m for latest Asia-Pacific fund, rebranded as Australia Fund III

Riverside has raised more than $260m towards its latest Asia-Pacific fund, which the firm has rebranded to underline its heavy focus on the Australasian market.

Coatue leads $150m Checkout series-B with $5.5bn valuation

Coatue has led a $150m series-B funding round for payments provider Checkout.com.

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