March Capital raises $450m third fund
Santa Monica-based venture growth firm March Capital Partners has closed a new $450 million venture capital fund focused on enterprise software companies. March Capital Fund III is the firm’s largest yet, beating out the $300 million Fund II which closed just under one year ago. Like the majority of March’s investments, the new fund will […]
Prestige to rebuild office portfolio in the next 5-7 years after Blackstone selloff deal
The company is set to close a deal for sale of 21 million sq. ft of real estate with New York-based Blackstone Group Real estate developer Prestige Group plans to build more than 40 million sq. ft of office space across multiple cities, after selling some of its office, retail and hotel assets to Blackstone […]
ECI Partners appoints three new Partners
Mid-market private equity firm ECI Partners has appointed three new Partners, among a raft of other senior promotions. Despite market uncertainty, ECI’s portfolio has remained resilient, and the business delivered on five new investments and five exits over the course of the year. Michael Butler, Duncan Ramsay and Stephen Roberts have all been promoted to […]
Henry Paulson Returns to Finance, to Run Climate-Focused Fund
The venture aims to push climate-friendly businesses into the mainstream. This past fall, Henry M. Paulson Jr., the former Treasury secretary, got a call from Paul David Hewson, better known as Bono. The musician-activist-investor had an idea and “an ask”: Bono, who helped found TPG’s $5 billion Rise funds focused on “impact investing,” told Mr. […]
KKR is seeking $3.5B for Kokusai
Applied Materials Inc. one of the largest makers of machines used to manufacture semiconductors, said it raised its offer for KKR & Co.-owned Kokusai Electric Corp. by 59%, citing higher valuations in a growing industry. It also extended the closing deadline by almost three months. The U.S. company will pay KKR $3.5 billion, up from the originally agreed […]
Omniplex secures LDC investment
Omniplex, an eLearning solutions provider, has secured investment from mid-market private equity investor LDC to support its growth strategy. Omniplex empowers organisations worldwide to design, create and deliver effective and engaging digital learning. The company has offices in the UK and China and is the official partner of Articulate software in the UK. Articulate is […]
Transact pulls out of race to buy Nucleus
Transact has ditched potential plans to buy rival platform Nucleus, the third interested party to pull out the race for the firm since proposals were announced last month. In a stock exchange announcement yesterday afternoon (January 4), Integrafin Holdings, Transact’s parent company, said it had “no intention to make an offer” for the adviser wrap […]
Comment: Why private equity should not be feared
Ragavan Arunachalam argues that private equity investment should be an appealing option for businesses, rather than something to fear, and describes how retail banks and private equity can work in partnership to help companies through difficult times. Watching the actor playing Stewy in HBO’s hit Succession do his vaudeville villain act, I was moved to […]
SolarWinds Hack Throws Wrench In Private Equity’s Most Profitable Market
For years, one of the most lucrative corners of financial markets has been the software leveraged buyout, where firms like Thoma Bravo, Silver Lake Partners and others have earned industry topping returns. Their unheralded target companies provide the digital infrastructure, network management, and applications to run businesses on the cloud. These companies generally deploy stable […]
KKR sells €190m of Dutch student housing to Greystar and Xior
Private equity firm KKR has sold two student housing developments in Netherlands for €190m to global housing fund manager Greystar Real Estate Partners and Belgian company Xior Student Housing. Greystar bought a 680-unit complex in Utrecht, and Xior acquired Zernike Tower, which houses about 700 units in Groningen, according to KKR. Greystar said it paid €98.5m for the […]
