HIG Capital completes sale of Empire Today
HIG Capital (HIG) has sold its portfolio company, Empire Today to Charlesbank Capital Partners (Charlesbank). Empire Today is the largest shop-at-home, direct-to-consumer flooring company in the United States, operating in over 70 of the largest metropolitan areas in the country. The Company serves residential customers with a wide selection of carpet and hard surface flooring […]
True Wind Capital raises $817m for second fund
True Wind Capital, a San Francisco-based private equity firm focused on investing in technology companies, has closed its its second fund, True Wind Capital II, with $817 million in equity commitments, exceeding the Fund’s target. True Wind was launched in 2015 by Adam Clammer and James H Greene, Jr, who previously founded and led KKR’s […]
SDCL exceeds $2bn for energy efficiency investments
Sustainable Development Capital, SDCL, that it has now raised over USD2 billion for investment in energy efficiency, announced at Built Environment Day for COP26 in Glasgow. SDCL manages the SDCL Energy Efficiency income Trust plc (SEIT), which is listed on the main market of the London Stock Exchange, which has grown to over GPB1 billion […]
McAfee to be taken private by Advent-led group in $14 billion deal
McAfee Corp said on Monday a consortium led by U.S. private equity firm Advent International will take the cyber security company private in a $14 billion deal. The deal comes as a pandemic-driven shift to remote working and a rise in cyber attacks have spurred demand for antivirus and digital security software. The company, founded by […]
General Atlantic closes sixth flagship growth equity fund at $7.8bn
General Atlantic, a global growth equity firm, has completed the final close of its sixth flagship fund, GA 2021, at $7.8 billion, above its initial target of $5 billion. The fund received commitments from new and existing capital partners, including family offices, endowments, foundations and institutional investors around the world. The firm, which pioneered the […]
EQT snaps up life sciences firm LSP for €450m
EQT has acquired European life sciences venture capital firm LSP (Life Science Partners) for €450m. The Swedish private equity firm said the deal will comprise 25% cash and 75% new EQT AB publicly-traded shares, with a potential additional earn-out payment of €25m. Founded in 1998, LSP has since invested in over 150 life sciences companies […]
Kempen European Private Equity Fund II raises over €173m at first closing
Kempen Capital Management’s (Kempen) new private equity fund, the Kempen European Private Equity Fund II, has raised over €173 million at its first closing. The fund is focused on small and lower mid-market private equity buy-outs in Europe. Sven Smeets, Managing Director of the Private Markets team, says: “We are pleased that our clients have […]
Blackstone buys Crescent Capital’s Nucleus Network
Global investment manager Blackstone has agreed terms to acquire clinical trials provider Nucleus Network from Australian private equity firm Crescent Capital. Blackstone head of private equity for Australia, James Carnegie, said the investment would sit as part of the firm’s private equity portfolio. Nucleus Network is Australia’s largest provider of phase-one clinical trials, with facilities […]
Thoma Bravo completes $6.4bn acquisition of Medallia
Thoma Bravo, a software investment firm, has completed its acquisition of Medallia, a specialist in customer and employee experience, in an all-cash transaction valued at $6.4 billion. The acquisition was previously announced on 26 July, 2021 and approved by Medallia shareholders on 14 October, 2021. Subject to the terms of the merger agreement, Medallia shareholders […]
T Rowe Price to acquire alternative credit manager Oak Hill Advisors in $4.2bn deal
T Rowe Price Group is to acquire alternative credit manager purchase Oak Hill Advisors and certain other entities that have common ownership for a purchase price of up to approximately $4.2 billion. $3.3 billion is payable at closing, approximately 74 per cent in cash and 26 per cent in T Rowe Price common stock, and […]
