Crossover Energy Partners Teams Up with KKR to Accelerate The Clean Energy Transition
Crossover Energy Partners (“Crossover”) today announced an exclusive relationship with KKR, one of the world’s leading investment firms. Crossover Energy Partners’ mission is to support renewable energy initiatives and decarbonization goals for large energy users by designing cost-effective and innovative solutions tailored to their specific needs. Led by founders Tiago Sabino Dias, CEO, and Michael […]
Blackstone to buy ESG software provider Sphera in $1.4 bln deal
Blackstone Group Inc said on Tuesday it will buy Sphera, a environmental, social and governance (ESG) software, data and consulting services provider, from private equity firm Genstar Capital in a $1.4 billion deal. Chicago, Illinois-based Sphera has more than 3,000 customers and is present in over 100 countries. Its offerings allow organizations to measure and […]
Dyal’s deal for Phoenix Suns shows private equity wants winners
The private equity industry has historically been known for buying struggling companies and attempting a turnaround. But the handful of firms investing in professional sports teams have mostly taken a different approach so far, buying up minority stakes in franchises with successful track records. The latest example came Tuesday when Dyal HomeCourt Partners, a division […]
Eurazeo closes fourth secondary programme at EUR1.0bn
Eurazeo has held the final closing of its fourth secondary programme at EUR 1.0 billion. The capital raised includes EUR700 million for Idinvest Secondary Fund IV, exceeding its initial target of EUR600 million, and EUR300 million of additional secondaries capital raised from private individuals. The previous secondary programme closed on EUR570 million of commitments in […]
ASI completes fund-raising for fourth private equity secondaries fund
Aberdeen Standard Investments (ASI) has completed the fund-raising for the fourth generation of its private equity secondaries programme. The total raised for Aberdeen Standard Secondary Opportunities SOF IV (SOF IV) and associated separate accounts is USD556 million, above the target of USD500 million and 30 per cent higher than the amount raised for its predecessor […]
Private Equity Follows the Money—and the Money Is Ditching Fossil Fuels
The buyout industry has long been a major backer of fossil-fuel deals. Now it’s rolling out new green asset funds at a record clip in a bid to lure the institutional money flocking to climate-friendly investments. Today’s private equity shops—including the world’s largest alternative asset manager, Blackstone Group Inc.—are pouring capital into fast-growing sectors such […]
UK life sciences on the cusp of a golden age with GBP1.6bn raised in just three months
New data from the BioIndustry Association (BIA) and Clarivate shows that the UK’s biotech and life sciences sector is on the cusp of a golden age driven by strong demand from global investors for UK innovation, with GBP1.56 billion invested in the last quarter (March 2021 – May 2021). This is the highest total amount […]
Apollo Impact to acquire approximately 67 per cent of RDM Group
Certain funds managed by affiliates of Apollo Global Management are to acquire a majority stake in Reno De Medici SpA (RDM), a leading producer of recycled cartonboard in Europe. Apollo Funds will acquire approximately 67 per cent equity ownership in RDM from the Company’s top two shareholders, Cascades Inc. (TSX: CAS) and Caisse de dépot […]
US private equity firm Warburg to set up US$5 billion distressed property manager in China
Warburg Pincus is creating a Chinese asset management company to invest in distressed real estate opportunities, with plans to garner US$5 billion in assets in five years. The US private equity firm will work with Wensheng, one of the largest special situation asset managers in China, to create Wensheng Special Situations Asset Management, a joint […]
Private equity keen to make more big plays in Ireland
An appetite for investment in Ireland has grown, with deals valued at €900m being struck in the first quarter of 2021 UDG Healthcare came closer to slipping into the hands of private equity last week after key shareholders said they would back an improved offer that values the Dublin-based FTSE 250 company at £2.8 billion […]
