Taurus Private Markets raises USD112m debut private equity fund
Taurus Private Markets, a Pennsylvania based private equity firm, has held the final close of Taurus Private Markets Fund, LP with USD112 million in capital commitments. The fund secured capital commitments from a diversified investor base including public pension plans, Taft Hartley plans, and family offices. “We are incredibly fortunate to have received such strong […]
Sneaker marketplace GOAT hits $3.7B valuation in Series F raise
Sneaker and streetwear empire GOAT just doubled its valuation in a massive new raise. The GOAT Group parent company shared today that it has raised $195 million in a Series F raise valuing the fashion giant at some $3.7 billion. The raise was led by a handful of hedge funds and P/E firms including Park […]
Gamut Capital Management and BCI to Invest in PS Logistics
Gamut Capital Management (Gamut), a New York-based middle market private equity firm, in partnership with British Columbia Investment Management Corporation (BCI), one of Canada’s largest institutional investors, has signed a definitive agreement to invest in PS Logistics. As the largest and fastest-growing flatbed transportation and full-service logistics provider in the United States, PS Logistics employs […]
Oakley agrees sale of ACE Education to Groupe Amaury
Oakley Capital’s Oakley Capital Private Equity III (Fund III) and other co-investors have reached an agreement to sell their stakes in ACE Education (ACE) (formerly AMOS), a private vocational higher education platform in France and Spain. The exit will generate a gross return on investment of c2.1x MM and c27 per cent IRR to Fund […]
PAI Partners to acquire Pasubio from CVC Capital Partners VI
European private equity firm PAI Partners (PAI) is to acquire Pasubio, a specialised provider of premium leather for the automotive industry, from CVC Capital Partners VI (CVC). Headquartered in Vicenza, Italy, a renowned leather district, Pasubio is a leading European leather manufacturer, which produces high quality leather products for car interiors serving the premium and […]
Private equity firms enter prelim bids for $6 bln stake in Hanon Systems
Private equity firms Carlyle Group CG.O and Bain Capital, as well as auto suppliers Valeo VLOF.PA and Mahle were among those that entered non-binding bids to buy a stake in South Korea’s Hanon Systems 018880.KS worth 6.6 trillion won ($5.81 billion) as of Tuesday, South Korean media reported. The bidders are looking into acquiring about […]
Splunk receives $1 billion investment from Silver Lake
Splunk Inc said on Tuesday that it had received $1 billion in investment from private-equity firm Silver Lake, triggering an 8% jump in shares of the data analytics software firm in premarket trading. Silver Lake will invest the amount in convertible notes and its chairman, Ken Hao, will join Splunk’s board, making him the eleventh […]
Cinven, Bain said to be battling it out for Rolls-Royce’s ITP Aero
Private equity firms Bain Capital and Cinven are reportedly battling it out in the final bidding for Rolls-Royce’s ITP Aero division, which could fetch around €1.5bn. Bloomberg cited people familiar with the matter as saying that the remaining bidders are courting local partners to join their offers for the Spanish aircraft-engine supplier and help win […]
U.S. Giant Targets Switzerland’s Super-Rich
Leading U.S. investment company Blackstone has hired an experienced banker to help with its expansion into Switzerland. U.S. investment company Blackstone has appointed Michael Mostert (pictured below) to the newly created post of principal for Private Wealth Solutions in Switzerland. Blackstone said in a press release Tuesday that Mostert would be responsible for expanding relationships […]
Morrisons surges after £5.5bn offer
Shares in Wm Morrison surged by a third yesterday after a giant American private equity firm tabled a £5.5 billion offer for Britain’s fourth largest supermarket chain. The FTSE 250 group dismissed the approach from Clayton, Dubilier & Rice, but shareholders expect the buyout firm to return with a higher offer. The New York-based predator, […]
