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Category: Valuation and Exit

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

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.

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).

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.

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

Hg seals trade sale exit of A-Plan Group after more than doubling revenue at company

European software and tech private equity specialist Hg has scored an exit of UK insurance intermediary A-Plan Group to international trade buyer Howden.

Peak Rock Still Hungry

Peak Rock Capital has acquired Halo Foods, a manufacturer of bars and snacks, in partnership with the company’s management team. Halo was acquired from Nimbus, a Dutch private equity firm. Halo’s products include cereal bars,

Blue Sage Closes Fund III, Two Platforms Acquired

Blue Sage Capital has held a final, oversubscribed, and above target closing of its third fund, Blue Sage Capital III LP, with capital of $300 million. Blue Sage’s earlier fund closed in December 2012 with

Bank of England to roll out ‘simpler regime’ for small banks post-Brexit

The deputy governor of the BoE Sam Woods said that the UK would return to a more ‘British-style’ of regulation after the transition period

Medicxi pioneers ‘exit and reinvest’ for biotech sector with €200m close of debut secondaries fund

European life sciences investor Medicxi has hit a €200m final close for its debut secondaries fund amid using the vehicle to pick up six companies from one of the firm's previous funds.

Expanding Opportunities for Investors and Retirees: Private Equity

Posted by Hal S. Scott (Harvard Law School) and John Gulliver (Program on International Financial Systems), on Monday, September 21, 2020 Editor's Note: Hal S. Scott is the Emeritus Nomura Professor of International Financial Systems

Polaris and AAC Capital exit BabySam to trade – report

Polaris and AAC Capital have sold their stakes in Danish baby products retailer BabySam to another retailer, Alt Til Barnet, according to local press reports.

Financial Sponsor Pro Joins BGL

Brown Gibbons Lang & Company (BGL) has hired Heather Mosbacher Reiner as a managing director in the firm’s financial sponsor coverage group. Ms. Reiner will be based in New York City. Ms. Reiner has more

Houlihan Lokey Expands Industrials Group

Houlihan Lokey (HL) has hired Richard Hoh as a managing director in its industrials group. Mr. Hoh will be part of the firm’s industrial technology subsector team, focusing primarily on electronic components as well as

Sutter Hill seals astronomical return after early bet on Snowflake ends in $80bn-plus IPO valuation

Sutter Hill Capital is celebrating an astronomical return on its investment in cloud data warehousing business Snowflake after it sealed the biggest software IPO in history at an $80bn-plus valuation.

Stephens Promotes Two to Senior Associate

The Stephens Group has promoted Rob Dickinson and Jens Talbert to Senior Associate. “We are pleased to recognize Jens’ and Rob’s hard work and efforts with promotions,” said Witt Stephens, Chairman and CEO of The

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