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Category: Valuation and Exit

Mobeus exits Vectair for 8.3x return

Mobeus has sold hygiene products supplier Vectair for an 8.3x return.

CenterOak Partners exits FullSpeed Automotive to MidOcean Partners after three-year hold

CenterOak Partners has sold FullSpeed Automotive to fellow private equity investor MidOcean Partners after three years in its portfolio.

Here is why Goldman Sachs says you should bet on the UK, even with Brexit looming

UK stocks are still available at a 10%-15% discount to Europe, and the long-term outlook isn't all bad, analysts argue

Mobeus scores 8.2x return with its second exit in a week

The firm has concluded its fifth exit this year, with an average money multiple in 2020 of 3.3 times its investments

STC Pay said to become Saudi Arabia’s first unicorn after close of new round

Saudi Arabia-based STC Pay, digital payment solution developer, has reportedly reached a $1.3bn valuation after the close of a $200m investment.

City warns of new pressure from Paris in battle for London’s finance crown post-Brexit

The French are expected to put pressure on other EU member states to close London’s perceived loopholes

EU negotiator en route to London for Friday evening Brexit talks

The UK’s transition period is set to end on 31 December, leaving just five weeks for a deal to be agreed

The number of unicorn companies jumped to 500, combined market value over $1.5tn

Opalesque Industry Update - In 2013, when the term unicorn emerged, only 40 private companies had a valuation of one billion dollars in the world. Since then, the number of these financial giants surged, rising…

Private equity firms to pay down The AA’s heavy debt after agreeing £219m buyout of the roadside recovery business

UK roadside recovery business The AA has agreed to be bought by private equity houses Warburg Pincus and Towerbrook Capital Partners at a £219m valuation.

Stripe’s PE, VC backers lick their lips amid talk of possible $100bn valuation through new funding round

Payments giant Stripe is reportedly looking to raise a funding round which could see its valuation reach somewhere between $70bn and $100bn.

Joe Biden fires warning against ‘guarded’ Irish border post-Brexit

The US president-elect’s statement comes as he finalises the appointments for those in his transition team

Brexit committee chair Benn slams waste of ‘time, effort and cost’ for UK finance sector

Johnson’s government has failed 'to understand the scale of the change and to prepare for it'

Sovereign exits BIMM to ICG

Sovereign Capital Partners has sold creative arts education provider BIMM to ICG.

Japanese bank SMBC takes $30m stake in UK fintech firm OakNorth

The deal is at a discount to OakNorth’s overall valuation, compared with its most recent $440m financing round by SoftBank

Chainalysis Raises $100 Million at over $1 Billion Valuation To Expand Its Global Regulatory Platform for Surging Cryptocurrency Market

---------------------------------------------------------------------------------------------------------------------------------------- The Carried Interest is an aggregated news-headlines, intended to bring together curated news, research, data, people of Private Equity industry from around the world in one place, exposing their content and experiences to a…

Blackstone exits De Nora in €1.2bn deal

Blackstone has sold its 33% stake in De Nora, an Italian manufacturer of water treatment products, to energy infrastructure operator Snam.

Apax scores over 4x return from sale of ECI Software to LGP

The exit of the Texas-based software company generated an IRR of 55%

Alder to exit Finnish company Aidon in Q1 2021 – report

Swedish private equity firm Alder is preparing to exit Finnish portfolio company Aidon in Q1 next year, sources told Unquote sister publication Mergermarket.

Livingbridge, LDC exit Giacom amid pandemic-driven demand for cloud services

Since 2016, the business has increased turnover from £6.6m to more than £35m this year

Forter Raises $125M Series E; Rapid Growth and Market Demand for Real-Time Fraud Prevention Platform Elevates Valuation to More than $1.3B

---------------------------------------------------------------------------------------------------------------------------------------- The Carried Interest is an aggregated news-headlines, intended to bring together curated news, research, data, people of Private Equity industry from around the world in one place, exposing their content and experiences to a…