Eurazeo secures EUR340m in new commitments to growth strategy
Eurazeo has come to an agreement with a group of international investors that will provide EUR340 million additional investment capacity for its Eurazeo growth strategy. The investors will commit to a newly created continuation fund that will acquire a 32 per cent stake in Eurazeo Growth assets which were financed through the Eurazeo balance sheet. […]
Blue Motor Finance secures new equity investment from Cabot Square Capital
Cabot Square Capital has substantially increased its equity investment in Blue Motor Finance (Blue). This further round of investment follows the announcement in December of a new GBP300 million financing facility with a leading international bank and provides Blue with sufficient funding to deliver beyond its 2021 plans. Blue continues to deliver very attractive investment […]
New Jersey Pension Seeks More Private Equity, Credit Investments
New Jersey’s $83 billion pension fund is eyeing further investments in private equity and credit to boost performance. With stocks at record levels and low interest rates constraining bond returns, higher allocations to assets such as private equity are needed, Corey Amon, the director of the division that manages the fund’s investments, said in an […]
Eurazeo supports UTAC CERAM’s Millbrook acquisition
Eurazeo PME has supported UTAC CERAM’s acquisition of Millbrook, which is group headquartered in the UK. The investment of the funds managed by Eurazeo PME following this transaction amounts to cEUR115 million. Millbrook was founded in 1970 in the United Kingdom and provides services and systems for testing and validating vehicles to customers in the […]
SujiBFR secures six-figure investment
SujiBFR, a health and fitness startup based in Edinburgh, has received a six-figure investment to support the development of a smart fitness device that can dramatically reduce pain and increase muscle strength during exercise. The technology, named Suji Device, improves muscular performance and offers a solution to fitness enthusiasts and elite athletes who experience pain […]
ELSA closes USD15m Series B round
ELSA, a mobile app that uses artificial intelligence and speech recognition technology to help language learners improve their English speaking skills and pronunciation, has closed Series B round of USD15 million in new capital. This round was co-led by VI (Vietnam Investments) Group and SIG. Previous investors Gradient Ventures, Google’s AI-focused venture fund, SOSV, and […]
NZ Rugby get $465 million private investment offer from US company
A United States tech giant has offered New Zealand Rugby nearly half a billion dollars for a 15 per cent share of commercial rights, a report says. The offer has come from US firm Silver Lake, which part owns Manchester City’s owner City Football Group and is known as one of the world’s leading technology […]
Carlyle Group to increase stake in VARO Energy
The Carlyle Group has agreed to increase its shareholding in VARO Energy, an energy company active in North West Europe. The transaction, which is subject to regulatory approval, sees Carlyle acquire the stake in VARO currently owned by Reggeborgh, a Dutch private investment company. Vitol Group’s shareholding in VARO remains unchanged. Founded in 2012 with […]
Levine Leichtman Capital Partners expands investment team
Levine Leichtman Capital Partners (LLCP) has expanded its US Investment Originations Team with the hiring of Debbie Habib as a Director. Habib will be based in LLCP’s New York office and is responsible for the origination of new investment opportunities and investment due diligence with a focus on the Northeastern US. Michael Weinberg, Managing Partner […]
TPG Sells More Than 10% of Novotech to Investors Ahead of IPO
Private equity firm TPG is selling more than 10% of its clinical research and testing provider Novotech Pty Ltd to a group of investors. The transaction will value Novotech at more than $2.3 billion as the company prepares for an initial public offering in Hong Kong later this year, said Joel Thickins, head of Australia […]
