Bundesliga clubs to vote on €500m private equity bidders
The German Football League’s (DFL) raising of €500 million from venture capital markets will move into the next phase on Wednesday when club vote on plans that effectively move second round bidders into a final negotiation for a stake in the Bundesliga’s overseas rights. In March DFL boss Christian Seifert confirmed that the league is […]
Canadian investors sell majority stake in Britain’s ERM to KKR
OMERS Private Equity and the Alberta Investment Management Corporation (AIMCo) have sold a controlling stake in consultancy Environmental Resources Management (ERM) to private equity firm KKR, the Canadian funds said on Monday. The 60% stake sale gives ERM an enterprise value of $2.85 billion, a source familiar with the matter said. UK-headquartered ERM operates in […]
Private equity barons rush to snap up British firms ‘on the cheap’
Ask any top City investment banker or lawyer who works on blockbuster deals for private equity firms how busy they are and they will probably tell you the same thing: business is booming. “It’s incredible,” one lawyer said. “It is the busiest period we’ve seen in probably the last 20 years.” There have been £1 […]
Russian billionaire sells Morrison Hotel to UK-based private equity firm
Dublin hotel market springs back to life with two big sales in past ten days Zetland Capital, a London-based private equity firm, has bought the Morrison hotel in Dublin. No price was disclosed but it was reported in March that the deal was expected to be worth more than €65 million. The 145-bedroom boutique hotel […]
ADM Capital’s Cibus Enterprise Fund invests in Adroit Worldwide Media
London-based private equity firm ADM Capital Europe’s Cibus Enterprise Fund (Cibus) has invested in US-based retail technology provider Adroit Worldwide Media (AWM). Technology has reached the point where supermarkets can retrofit their stores with cameras, smart shelves and sensors which provide sufficient data for more efficient shelf stacking, checkout-free shopping, optimising inventory levels and logistics […]
Gelmetix closes GBP5m capital raise
Medtech start-up Gelmetix, the developer of a first-in-class polymer treatment for chronic lower back pain, has closed a successful GBP5 million Series C equity financing round. Following successful in-vivo and pre-clinical studies, the University of Manchester spin-out will now use the additional capital to fund its upcoming first-in-human (FIH) trial and preparing for the pivotal […]
Handshake secures another USD80 million
Handshake, an early career network, has secured USD80 million in a venture financing round and is set to invest a tranche of the funding in the UK, supporting early careers recovery post-Covid. The new funding round increases Handshake’s investment total to USD235.5 million and the company’s valuation to more than USD1.5 billion. This new investment […]
MasterClass raises USD225m in Series F funding round
MasterClass, a streaming platform that makes it possible for anyone to ‘learn from the best’, has raised USD225 million in a Series F funding round, led by Fidelity Management & Research Company and with participation from new investors including Baillie Gifford, Balyasny Asset Management and Eldridge together with existing investors IVP, Javelin, NEA and Owl […]
Private equity firm AnaCap completes Novia acquisition
Private equity firm AnaCap has completed its acquisition of adviser platform company Novia for an undisclosed fee. On 30 June long-time Novia CEO Bill Vasilieff will be replaced in the role by Patrick Mill. He will join the firm from Wealthtime, where he has been CEO since AnaCap acquired the firm in December 2019. Mark […]
KKR, Bridgepoint and CVC make Bundesliga private equity investment shortlist
Deal could value German soccer’s overseas broadcast rights at €2bn. The German Football League (DFL), which oversees the top tiers of club soccer nationally, has drawn up its shortlist of private equity funds to buy a 25 per cent stake in its international broadcast rights business, according to Reuters. The wire service reports that the […]
