Patron Capital raises €844m for pan-European property fund
Patron Capital, the pan-European institutional investor focused on property-backed investments, has raised €844 million ($1.038 billion) for its Patron Capital, L.P. VI (Fund VI) fund, including approximately €128 million ($157 million) of co-investment capital. Of the total €844 million raised for Fund VI, 83% came from Patron’s existing investor base and existing relationships, with the […]
Buyout giant Silver Lake closes in on stake in New Zealand All Blacks
New Zealand Rugby is in advanced discussions about the sale of a stake to buyout firm Silver Lake, Sky News understands. The American private equity investor which part-owns Manchester City Football Club is in advanced talks to buy a stake in the New Zealand All Blacks, one of the most iconic names in global sport. […]
Office Depot Parent Soars on Staples $2.1 Billion Takeover Offer
Staples says it will make a tender offer in March if ‘we cannot reach a negotiated agreement with ODP.’ Shares of Office Depot’s parent, ODP (ODP) – Get Report, soared Monday after rival Staples offered to buy the office-supplies retailer for $40 cash a share, or $2.1 billion. Shares of ODP, Boca Raton, Fla., at […]
Edge Investments appoints CIO
Edge Investments (Edge), a growth investor in the UK creative economy, has appointed Simon Andrews as Chief Investment Officer (CIO), to help drive growth and realise the potential of its current and future portfolio companies. Andrews has a wealth of experience throughout the venture capital world, joining Edge from the Business Growth Fund (BGF), the […]
Blackstone Sees Three Asia MD Exits in a Month
Private equity giant Blackstone reportedly saw three senior managing directors in Asia leave since last month, amidst ongoing expansion in the region. Kishore Moorjani, Asia head of tactical opportunities, was the latest to resign after nine years with the firm. He will be replaced by senior partner Menes Chee, who will relocate from Blackstone’s headquarter […]
Matrix-backed gaming startup Zupee raises $10 mn in new funding round
Cashgrail Pvt Ltd, which operates skill-based mobile gaming platform Zupee, has raised $10 million (about Rs 73 crore) in a fresh funding round. The exercise has been led by existing backer WestCap Group, a United States-based growth equity firm that invests in asset-light and tech-enabled marketplace solutions. Focus areas for WestCap include financial, real estate, […]
Investment manager to pursue IPO next month
Infrastructure and private equity investment manager Foresight Group is set to float on the London Stock Exchange next month as the company pursues funding for its acquisition strategy. In an update to the market this morning (January 12) Foresight confirmed it would proceed with an initial public offering in February which would see 50 per […]
PE-backed Parag Milk Foods to raise debt funding from IFC
Parag Milk Foods Ltd, the dairy and value-added products manufacturer that offers brands including the Go brand of cheese, will get debt funding from the World Bank’s International Finance Corporation (IFC). In a disclosure, the development finance institution (DFI) said its board has approved an investment of up to $41 million (Rs 302.6 crore) in […]
BGF completes multi-million pound investment in tech scale-up Cirrus
BGF, the UK’s most active investor in growth economy businesses, has completed a multi-million pound investment in Cirrus, an award-winning provider of omnichannel cloud contact centre solutions. Founded in 2013 by Jason Roos, Cirrus’ software is used by private and public sector organisations looking to digitalise their customer service operations. The business has seen continued […]
Behrman Capital’s Emmes acquires Neox
The Emmes Company (Emmes), a full-service clinical research organisation (CRO) dedicated to supporting the advancement of human health and biopharmaceutical innovation and a portfolio company of Behrman Capital, has acquired Neox. Financial terms of the transaction have not been disclosed. Headquartered in Prague, Czech Republic, Neox is a CRO with over 150 employees who support […]
