Brevan Howard Builds $50 Billion Unit Like BlackRock’s Aladdin
Brevan Howard is making money for its billionaire co-founder Alan Howard and other partners through more than just hedge fund fees. The investment firm best known for running macro trading strategies has persuaded the likes of SoftBank Group Corp., hedge fund Penso Advisors and 15 others to use its high-tech operational infrastructure that once only […]
Netherlands’ FMO to invest $137 million in Green Growth Equity Fund
Dutch development bank FMO will invest $137 million in Green Growth Equity Fund (GGEF), managed by EverSource Capital, that invests in India’ green energy space such as clean energy, transportation, resource efficiency and energy services. GGEF targets raising equity capital up of $940 million and has National Investments and Infrastructure Fund (NIIF) of India and […]
Warburg Pincus applies to set up China brokerage venture
U.S. private equity giant Warburg Pincus has applied to set up a securities joint venture in China, regulatory filings showed on Friday Warburg Pincus submitted an application for a brokerage joint venture on Friday, the China Securities Regulatory Commission (CSRC) said on its website. No information was given on an intended Chinese partner or shareholder […]
Sentinel Capital Partners recapitalises TranSystems
Sentinel Capital Partners (Sentinel), a private equity firm that invests in promising lower midmarket companies, has recapitalised TranSystems, a leading provider of engineering, architectural, and design consulting solutions for US transportation end markets. Terms of the deal have not been disclosed TranSystems plans, inspects, designs, and provides related services to some of the most complex […]
Mid Europa invests in e-commerce platform Piqu
Mid Europa Partners (Mid Europa) is to acquire UAB Pigu (Piqu), an e-ccomerce platform focussed on the Baltic countries. Additionally, Mid Europa has agreed with MCI.Euroventures and the founding shareholders of Pigu and Hobby Hall Group OÜ (HHG) to combine Pigu and HHG to create one of the leading e-commerce and online marketplace platforms operating […]
Private equity investors pump $315 million into Firstcry
A consortium of private equity investors – TPG, ChrysCapital and Premji Invest – has invested around $315 million in Firstcry, valuing the omnichannel children’s retailer at around $1.9-$2.1 billion, three people with direct knowledge of the deal said. The company will look to target a public market listing in 18-24 months, they said. The deal […]
Spain’s Cellnex launches 7 billion euro capital hike
Spanish mobile phone mast operator Cellnex on Tuesday launched a 7 billion euro ($8.23 billion) capital hike valued at 36.33 euros per share to fund the acquisition of French telecoms company Hivory. Since its listing in 2015, the Barcelona-based firm, which currently has a market capitalisation of 23.9 billion euros, has grown rapidly to become […]
BioNTech owners in talks to invest in German cancer labs group
The billionaire Struengmann family behind COVID-19 vaccine maker BioNTech is in talks to take a stake in German diagnostics firm Munich Leukemia Laboratory (MLL) as it seeks to add investments in the healthcare sector, people close to the matter said. People close to the matter also said the Struengmann family was in talks to take […]
MetLife Investment Management to provide GBP117.5m in financing for English Football League
MetLife Investment Management (MIM), the institutional asset management business of MetLife, will provide GBP 117.5 million in financing to the English Football League (EFL) to strengthen the league’s financial support of its Championship Clubs The financing agreement will allow the EFL to provide Championship Clubs with immediate additional funding following a difficult 12 months where […]
MEIF invests GBP100 million into Midlands’ businesses
GBP100 million has been invested in the region’s small businesses through the Midlands Engine Investment Fund (MEIF) The milestone was reached by the Fund after making 481 investments in 350 businesses located in the West Midlands and East and South East Midlands. An additional GBP90 million of private sector leverage has also been secured as […]
