Mercia leads GBP3m funding round for Soccer Manager
Soccer Manager – a UK-based online soccer management game – has secured a further GBP3 million to support its continued growth in a funding round led by its existing investor Mercia. The Preston-based company has grown revenue by over 80 per cent since the launch of ‘Soccer Manager 2021’ in September last year. Andy Gore, […]
A Flood of SPAC Money Will Take You Out Of Your Car And Into The Air
What a start to the year. In less than two months, 171 special purpose acquisition companies have gone public in offerings that have raised $53.3 billion. That’s three times the number and over 2.5 times the value of the traditional IPO market. Even celebrities like Shaquille O’Neal, Paul Ryan and Alex Rodriguez have gotten into […]
Calls for green infrastructure to qualify for EIS investment in upcoming March budget
The Chancellor should make green infrastructure projects eligible for the Enterprise Investment Scheme (EIS) in the upcoming March Budget, says Growthdeck, a private equity investment firm. Growthdeck believes that opening up EIS to green infrastructure projects again will help towards meeting the UK’s goal of bringing greenhouse gas emissions to net zero by 2050. Investment […]
WarnerMedia Parent AT&T Sells DirecTV Stake To Private Equity Firm TPG
WarnerMedia parent AT&T has clinched hotly anticipated deal to sell a significant minority stake in satellite broadcaster DirecTV to private equity group TPG in a deal that will net the telecom giant $7.8 billion. The deal, expected to close in the second half of 2021, values DirecTV’s video business at $16.25 billion. In a hastily […]
EPF launches world’s largest syariah private equity SMA fund with US$600m allocation
The Employees Provident Fund (EPF) said it had launched a syariah private equity (PE) direct and co-investment separate managed account (SMA) fund with an allocation of US$600 million (RM2.43 billion). This is the world’s first and largest syariah private equity SMA fund, said the EPF in a statement today. Through the allocation, the EPF will […]
HIG Capital expands European direct lending team
HIG Capital (HIG) has expanded its European WhiteHorse Direct Lending team with the addition of Ignacio Blasco as a Managing Director. Blasco will be based in HIG’s Madrid office. Blasco has over 28 years of experience in leveraged finance and direct lending, covering a wide range of sectors and investment strategies. Prior to joining HIG, […]
York Capital Bolsters Private Equity Team and Announces Promotions
York Capital Management (“York”), a global private investment firm, today announced that seasoned private equity investor Seth Pearson has joined York’s private equity group as Managing Director. Mr. Pearson will be responsible for deal sourcing, transaction execution, and portfolio company oversight and will be joining the investment committee of the York Special Opportunities Fund III […]
Blackstone’s Perry says private equity must do more on diversity
Blackstone Group Inc.’s Verdun Perry said the private equity industry needs to step up when it comes to diversifying its ranks and increase the number of places where it seeks out talent. The largest alternative asset manager, which recruited from just nine schools in 2015, now searches for future employees at 44 of them, including […]
Private equity fund Mid Europa Partners expects one deal in Romania this year
Private equity investment fund Mid Europa Partners has 2-3 investments in the pipeline that it could complete in 2021, one of which is in Romania. “Now that our resilience has been tested and the vaccination process has begun, we are confident in 2021,” says Matthew Strassberg, co-managing partner of Mid Europa Partners, according to Ziarul […]
Grupo Bimbo acquires Chilean bakery firm Alimentos Nutra Bien
Grupo Bimbo has acquired Alimentos Nutra Bien, a Chile-based cakes, cookies and brownies manufacturer. The announcement comes as Bimbo published strong full-year results: net sales were up 7.8% to MXN 288.27 billion ($15.06 billion) and operating income rose 5.9% to MXN 18.51 billion $967 million. Daniel Servitje, Grupo Bimbo CEO, said: “We closed the year […]
