BlackRock takes over £21bn of BA pension scheme assets
British Airways has handed the management of £21bn worth of pension assets to Blackrock in a bespoke deal between the airline and the asset manager. The agreement encompasses the assets directly under management for BA’s Airways Pension Scheme (APS) and New Airways Pension Scheme (NAPS), which serve 85,000 members and until now have been managed […]
MidOcean Partners sells majority stake in The Planet Group
Mid market private equity firm MidOcean Partners (MidOcean) has sold its majority investment in The Planet Group (Planet), one of the world’s leading diversified professional services organisations. Planet will be merging with ProPharma Group (ProPharma), a portfolio company of Odyssey Investment Partners. Financial terms of the transaction were not disclosed. MidOcean invested in Planet in […]
Varagon Capital Partners supports Morgan Stanley Capital Partners’ acquisition of Sila Heating & Air Conditioning
Varagon Capital Partners (Varagon) is serving as Administrative Agent, Joint Lead Arranger and Joint Bookrunner on a senior secured credit facility to support the acquisition of Sila Heating & Air Conditioning (Sila) by investment funds managed by Morgan Stanley Capital Partners (MSCP). Sila Heating & Air Conditioning, Inc was founded in 1989 and is headquartered […]
Klarna seeking new funds at close to $50 bln valuation
Swedish payments firm Klarna is close to raising a new round of funding from a group of investors including SoftBank that could lift the company’s valuation close to $50 billion, three sources told Reuters. The latest fundraising is expected to be Klarna’s final private round before the fintech giant, Europe’s most valuable startup, sets the […]
EQT Private Equity makes minority investment in DESOTEC, a leading European environmental services company
EQT is pleased to announce that the EQT Mid Market Europe fund (“EQT Private Equity”) has acquired a 15 percent minority stake in DESOTEC (“the Company”) alongside private equity funds managed by Blackstone (“Blackstone”). In March 2021, Blackstone agreed to acquire DESOTEC from the EQT VII fund, as part of the transaction EQT Mid Market […]
Deepbridge secures GBP15m commitment from British Business Investments
Deepbridge Capital, a UK venture capital investment manager, has secured a GBP15 million commitment from British Business Investments, a commercial subsidiary of the British Business Bank, to fund early-stage businesses across the UK. This commitment from British Business Investments’ Regional Angels Programme, which is designed to reduce regional imbalances in access to early stage equity […]
Foresight leads round to support growth of Fresh Relevance
Foresight Group (Foresight), a listed infrastructure and private equity investment manager, has made a further investment into Fresh Relevance, following on a record quarter of growth for the company, to accelerate product roadmap roll out and support scaling. Some members of the management team have participated in the funding round, demonstrating strong support for the […]
Private Equity Firm Naxicap Acquires Stromer
Naxicap Partners, a European private equity firm, has reached an agreement to acquire Stromer, the Swiss e-bike brand. Terms were not disclosed. The transaction is subject to customary approvals. Stromer was founded in 2009. It merged with BMC in 2011 and then with the new investment it separated from BMC in 2016. “Over the last […]
Dechert appoints PE partner in Germany
Global law firm Dechert is growing its global private equity practice with the addition of Dominik Stühler as a corporate and securities partner in the firm’s Munich office. Stühler will focus his practice on national and cross-border private equity deals and mergers and acquisitions. Some of Stühler’s high-profile mandates include advising Hg on the sale […]
Kodiak Cakes purchased by private equity firm L Catterton
Pancake maker Kodiak Cakes is being acquired by private equity firm L Catterton for an undisclosed amount, the companies said in a statement. Kodiak has expanded into waffle mixes, frozen waffles, oatmeal, baking mixes and a variety of snacking products. Its better-for-you offerings are currently sold in 26,000 retail locations, including Target, Walmart and Costco. […]
