Packaging Maker CNG’s Owners Are Said to Weigh $4 Billion Sale
The private equity owners of Charter Next Generation are considering a sale that could value the packaging company at more than $4 billion, according to people with knowledge of the matter. CNG’s backers, Leonard Green & Partners and Oak Hill Capital Partners, are working with an adviser to explore strategic options for the company, said […]
Hurst Point Group buys Hawksmoor in surprise move
Hurst Point Group, a subsidiary of US private equity giant Carlyle Group, has bought Hawksmoor Investment Management in a surprise move. Hawksmoor had initially put a quarter of its business up for sale in March 2019 to provide retiring staff means to sell their shares. but after negotiations, the deal morphed into a complete acquisition. […]
ADB makes $10m equity investment in Tata Capital to support SMEs in India
TCGF II is a private equity fund targeting growth capital investments in middle-market companies in India, including small and medium-sized enterprises (SMEs) The Asian Development Bank (ADB) has made a $10 million equity investment in Tata Capital Growth Fund II LP (TCGF II). TCGF II is a private equity fund targeting growth capital investments in […]
Royal Caribbean Group is shrinking its fleet, selling Azamara to private equity firm
Royal Caribbean Group is selling one of its four cruise lines, Azamara, to a New York-based private equity firm. In a $201 million transaction, the second largest cruise company in the world plans to hand over the Azamara brand and its three cruise ships to Sycamore Partners by the end of March. The company’s decision […]
Livingbridge sells Broadstone
UK mid-market private equity investor Livingbridge has agreed the sale of Broadstone, an independent provider of specialist pensions, trustee, and employee benefits solutions, to ICG. Livingbridge’s investment was originally made from the Livingbridge 5 fund. Founded within BDO Stoy Hayward in 1989, Broadstone offers coordinated, end-to-end pensions, trustee, and employee benefits solutions to SMEs and […]
Ironwood Capital portfolio company Ironwave Technologies invests in Syntonics
Ironwood Capital portfolio company, Ironwave Technologies (Ironwave), has purchased a majority interest in Syntonics, a manufacturer and research and development company focused on advanced radio frequency (RF) systems and subsystems such as RF over fibre, Software Defined Radio, Tracking Tagging and Location (TLL) and Expendable Data Exfiltration (EDEX) technologies. “The acquisition of Syntonics expands Ironwave’s […]
Godrej Fund Management hits first close of fund
Godrej Fund Management, the real estate private equity arm of the Godrej Group, has hit the first close of its $500 million (about Rs 3,660 crore) office development fund, the company said in a statement. The fund — GBTC II — has raised $200 million (Rs 1,465 crore) from Netherlands-based APG Asset Management NV, which […]
Memsource acquires Phrase
Memsource, an AI-powered translation management system, together with its majority shareholder The Carlyle Group, has acquired Phrase, a leading software localisation platform. Headquartered in Prague, Czech Republic, Memsource is a translation technology provider that assists global corporations and the language services industry in automating the localisation of large volumes of multilingual content. The company is […]
Shippeo secures USD32m investment from Battery Ventures and existing investors
Shippeo, a specialist in real-time transportation visibility (RTTV), has secured USD32 million in an investment round co-led by Battery Ventures, a global, technology focused investment firm and existing investors (NGP Capital, ETF Partners, Partech and Bpifrance Digital Venture). Shippeo will use the investment to strengthen its market-leading position and continue delivering on product innovation. The […]
Intel Capital, Africa Internet Ventures in $85m deal
Intel Capital, Africa Internet Ventures, a strategic partnership between TPG Growth and EchoVC, and the family offices of Ronald Lauder and Eric Zinterhofer, have invested $85m in a Series B funding in Gro Intelligence They were joined by previous investors DCVC and GGV Capital. Participating new investors include Schusterman Family Investments, Dick Parsons, Rethink Food […]
