Audax Private Equity acquires GCX Mounting Solutions
Audax Private Equity (Audax) has acquired a majority stake in GCX Mounting Solutions. Terms of the transaction have not been disclosed. Based in Petaluma, California, GCX is special in the design and manufacturing of healthcare-focused, mission-critical equipment mounting and mobility solutions, including branded-arms, mounts, and roll stands. Products are engineered for reliability and quality and […]
Warburg Pincus seeks $16 billion for private equity fund
Warburg Pincus LLC is seeking to raise $16 billion from investors for its latest flagship global private equity fund, its biggest ever, according to people familiar with the matter. The New York-based firm is in the early stages of raising Warburg Pincus Global Growth 14, and prospective investors are already looking to make commitments to […]
Allianz raises €500m so far for first global private debt fund
Allianz Global Investors has held a first close for its Global Diversified Private Debt fund (AGDPDF), after raising €500m from investors. The strategy, which will invest and co-invest with private debt fund managers globally, has a target of €1.5bn. Previously, the asset manager has invested in private debt on behalf of Allianz’s insurance companies. In […]
Inveniam closes USD25m Series A round led by Apex Group
Inveniam Capital Partners, is to close its USD25 million Series-A round this month with lead investments from global financial services provider, Apex Group, K20 Fund, Dev.Pro, and Global Blockchain Ventures. Inveniam Capital Partners’ software platform, Inveniam.io™, is the operating system for real asset data in the rapidly developing decentralised market. “The use of blockchain to transmit […]
Private securities marketplace Forge Global to go public via $2 billion SPAC deal
Forge Global Inc, a marketplace that allows people to trade in shares of private companies, will go public through a merger with a blank-check firm valuing the combined company at $2 billion. The deal with Motive Capital Corp, announced on Monday, includes $68.5 million in funding from ION Group, Singapore state investor Temasek and Adit […]
Nordic Capital partners with Qred
Nordic Capital Evolution has signed an agreement to invest in the fintech company Qred. The investment will be made in partnership with Qred’s management and founders, with the goal of continuing to significantly expand the business across Europe together. Since its inception in 2015, Qred has been a provider of financing and payment services to […]
Biggest Abu Dhabi Wealth Fund Expands Foray Into Private Markets
The Abu Dhabi Investment Authority is giving itself more room to invest in private markets after a record year of dealmaking for its buyout division during the pandemic. The emirate’s biggest sovereign wealth fund, which oversees assets estimated at $686 billion, has raised its target allocation range for private equity and infrastructure, according to its 2020 annual review released […]
KKR Weighs Counterbid for Online Pet Store Zooplus
KKR & Co. is considering a counteroffer for Zooplus AG, in another potential challenge to Hellman & Friedman’s 2.8 billion-euro ($3.3 billion) bid for the German online pet supply retailer, people with knowledge of the matter said. The New York-based buyout firm has held talks with Zooplus about a potential deal, the people said, asking not to be […]
Cinven to snap up £2bn wealth management platform True Potential
Cinven, the private equity firm, is close to wrapping up a takeover of True Potential, a wealth management platform which works with a fifth of Britain’s army of financial advisers.Sky News has learnt that Cinven was on Tuesday night on the verge of signing a deal to take a controlling stake in True Potential following […]
Silver Lake continues shopping spree with stake in UK’s RAC
US private equity company Silver Lake will take a stake in RAC, one of the UK’s biggest breakdown assistance providers, in a deal that values the company at £3.7bn. The California-based company, which specialises in technology investments, will buy part of the stakes held by the current owners, private equity firm CVC and the Singapore […]
