McAfee to be taken private by Advent-led group in $14 billion deal
McAfee Corp said on Monday a consortium led by U.S. private equity firm Advent International will take the cyber security company private in a $14 billion deal. The deal comes as a pandemic-driven shift to remote working and a rise in cyber attacks have spurred demand for antivirus and digital security software. The company, founded by […]
EQT snaps up life sciences firm LSP for €450m
EQT has acquired European life sciences venture capital firm LSP (Life Science Partners) for €450m. The Swedish private equity firm said the deal will comprise 25% cash and 75% new EQT AB publicly-traded shares, with a potential additional earn-out payment of €25m. Founded in 1998, LSP has since invested in over 150 life sciences companies […]
Blackstone buys Crescent Capital’s Nucleus Network
Global investment manager Blackstone has agreed terms to acquire clinical trials provider Nucleus Network from Australian private equity firm Crescent Capital. Blackstone head of private equity for Australia, James Carnegie, said the investment would sit as part of the firm’s private equity portfolio. Nucleus Network is Australia’s largest provider of phase-one clinical trials, with facilities […]
Audax Private Equity Partners with Stout to Support Future Growth
Stout, a leading global investment bank and advisory firm, today announced that Audax Private Equity (“Audax”) has agreed to make an investment alongside Stout’s employee shareholders to support future growth. As part of the transaction, existing Stout shareholders will maintain a meaningful equity stake in the firm and the Stout management team will continue to […]
Aiven achieves $2bn unicorn valuation with Series C extension
Aiven, a software company that combines the best open-source technologies with cloud infrastructure, has secured $60 million in Series C extension at a $2 billion valuation bringing total Series C investment to $160 million. This extension, which brings Aiven’s total funding to date to $210 million, was co-led by existing investors World Innovation Lab and […]
Venture capital deals in India more than double to $14.4 bn
Venture capital (VC) investments in India more than doubled from its previous quarterly high of $6.7 billion in Q2 of calendar 2021 to $14.4 billion in Q3, according to KPMG’s Private Enterprise’s Venture Pulse report. The country saw 498 VC deals in the quarter, up from 376 in the previous quarter. Also, India accounted for […]
VALK surges to $4bn in platform deals in past year
Private markets digital platform has achieved $4 billion-plus in assets and deals in a year as it continues rapid growth which has seen more than 70 financial institutions across Europe, North America, the Middle East, South America and Africa using its technology in 2021. VALK, which is backed by venture capital funds and strategic financial […]
Private equity cash puts more expansion on agenda at AAB
A Scottish business services provider is eyeing acquisitions and further expansion in England after investment from a private equity firm. Anderson Anderson & Brown is best known as an accountancy practice, but it also has operations in payroll, human resources and wealth management. Its 21 partners will continue to be shareholders even after the injection […]
Kirkland & Ellis boosts German private equity offering with Freshfields addition
At a busy time for private equity recruitment, Kirkland & Ellis has once again boosted the ranks of its private equity team with the addition of Dr Hendrik Braun in Munich, its sole office in Germany. Kirkland has been using its significant financial clout to make a series of hires from Magic Circle firms, with […]
Private equity buys into Italian fintech TAS Group, launches bid
Italian fintech company TAS Group said on Thursday a vehicle controlled by European private equity firm Gilde would launch a takeover bid for its shares at 2.2 euros each after taking control of its top shareholder. Gilde Buy Out Partners aims to delist TAS Group from the Milan Stock Exchange. It agreed to acquire OWL, […]
