Private equity money keeps pouring into tech, as Cloudera becomes latest multibillion-dollar buyout
Cloudera’s agreement on Tuesday to sell to a group of buyout firms in a transaction valued at $5.3 billion continues a 2021 trend: most of the big-dollar deals in tech are going to private equity. Of the 12 largest tech acquisitions this year in the U.S., excluding special purpose acquisition companies, seven of them have […]
Paceline Equity Partners closes Opportunity Fund I
Paceline Equity Partners (Paceline), a Dallas-based private equity manager, has held the final closing of commitments to Paceline Equity Partners Opportunity Fund I, and Paceline Equity Partners Opportunity Fund I (Cayman) with total commitments of USD350 million. In addition, Paceline has raised and currently manages USD64 million of third-party equity capital to invest alongside deployments […]
BlackRock CEO Larry Fink Sees Potential for ‘Big Shock’ From Inflation
BlackRock Inc. Chief Executive Officer Larry Fink said that investors may be underestimating the potential for a spike in inflation. “Most people haven’t had a forty-plus year career, and they’ve only seen declining inflation over the last 30-plus years,” Fink said at a virtual event hosted by Deutsche Bank AG on Wednesday. “So this is […]
Cloudera Enters into Definitive Agreement to be Acquired by Clayton, Dubilier & Rice and KKR for $5.3 Billion
Cloudera, the enterprise data cloud company, today announced that it has entered into a definitive agreement to be acquired by affiliates of Clayton, Dubilier & Rice (“CD&R”) and KKR in an all cash transaction valued at approximately $5.3 billion. The transaction will result in Cloudera becoming a private company and is expected to close in […]
Ares Management Corporation acquires Landmark Partners
Ares Management Corporation (Ares) has completed its previously announced acquisition of Landmark Partners, one of the largest and most experienced investors in acquiring secondary private fund ownership stakes in the alternative asset management industry. With more than USD19.6 billion in assets under management as of 31 March, 2021, Landmark provides private equity, real estate and […]
Kempen European Private Equity Fund invests in Ounda
The Kempen European Private Equity Fund, the private equity investment fund of Kempen Capital Management (Kempen), has acquired a direct interest in the German group of opticians and audiologists Ounda, which currently operates 65 branches across Germany and targets the high-end segment of the opticians’ and audiologists’ market. Ounda was founded in 2020 and has […]
Unicorn Capital Partners closes oversubscribed Fund IV at USD450m hard cap
Unicorn Capital Partners (Unicorn), an Asian venture capital fund-of-funds manager, has completed fundraising for Unicorn Partners Fund IV, (Fund IV), which was oversubscribed and closed at its hard cap of USD450 million. Similar to its predecessor funds, Fund IV will focus on fund and direct investment opportunities in technology and healthcare in China. The investor […]
Private equity firm CVC bags A Bathing Ape while it eyes expansion
Private equity firm CVC has bagged an investment in Japanese streetwear brand A Bathing Ape, also known as BAPE, where it will have co-control over the company. With plans to bolster the brand’s expansion, CVC will look to grow BAPE’s presence in Europe, the US and China. With the rise in popularity of online shopping […]
Eurazeo sells Planet stake
Eurazeo is to sell its stake in integrated payments leader, Planet. As part of the transaction Eurazeo will reinvest and co-control the Company with Advent International (Advent). Under this agreement, Planet is valued at EUR1.8 billion. With this operation, Eurazeo and its affiliates show a total valuation of 2.5x their original investment and approximately 19 […]
TA Associates raises fourteenth flagship growth private equity fund with USD12.5bn of commitments
TA Associates, a global growth private equity firm, has completed its fundraising for TA XIV with total commitments at the hard cap of USD12.5 billion. TA XIV was launched in January 2021 and quickly became significantly oversubscribed, with demand exceeding its original USD10.5 billion target. In addition, TA announced the closing of TA Select Opportunities […]
