Quantile Technologies secures USD51m growth investment from Spectrum Equity
Quantile Technologies (Quantile), a provider of portfolio optimisation services for the global financial services market, has secured a USD51 million (GBP38 million) minority investment from Spectrum Equity, a growth equity firm focused on internet-enabled software and information services companies. The investment will accelerate the next phase of Quantile’s growth as it develops new services and […]
Alter Domus Tops $1 Trillion in Global Assets Under Administration with Acquisition of Strata Fund Solutions LLC
Transformational deal affirms Alter Domus’ commitment to the private equity and venture capital markets. Alter Domus leaps to top three largest private asset servicers for US alternative asset managers and the firm establishes footprint in Utah, adding over 200 private equity and venture capital accounting experts Alter Domus, a fully integrated provider of fund administration, […]
Blackstone Private Credit Fund Breaks Escrow with Net Proceeds of $814 Million
Blackstone announced that Blackstone Private Credit Fund (“BCRED”), the firm’s non-listed business development company (“BDC”), broke escrow with approximately $814 million in net proceeds for its continuous public offering on January 7, 2021. With leverage, BCRED may have approximately $1.8 billion of investable capital. Blackstone Credit manages approximately $135 billion of assets overall and invests […]
Affirm Raises $1.2B, Pricing Above Range In Hot IPO Market
Online lender Affirm Holdings Inc. (NASDAQ: AFRM) has raised roughly $1.2 billion by pricing its initial public offering (IPO) at $49 per share, above the expected range of $41 to $44, the company announced Tuesday. What Happened: Affirm is a fintech company providing installment loans to online shoppers and is led by PayPal Holdings Inc […]
Volkswagen Finance turns majority stakeholder in KUWY Technology
Volkswagen Finance on Monday said it has increased its shareholding in Chennai-based automotive lending startup KUWY Technology to a majority stake, effective January 5. Financial terms of the deal were not disclosed in the statement. The Mumbai-based financial services arm of the German automaker had in September 2019 picked up a 25% stake in the […]
Sprockets raises USD3.4m to bring AI to the hourly workforce
Sprockets has announced a USD3.4 million venture raise, allowing the company to further drive innovation in the hourly workforce and empower customers to hire applicants that are the precise fit for their needs. Lytical Ventures of New York City led this round of investment for the SaaS company after they had such a successful year […]
Puma Private Equity completes EUR2.4m investment in safety solutions provider CameraMatics
Puma Private Equity, the private equity division of Puma Investments, has completed a EUR2.4 million investment into international vehicle and fleet safety solutions provider CameraMatics, as part of a EUR4 million Series A investment round. Comprising Puma Private Equity’s third investment delivery over the past six weeks – during which it has facilitated GBP7.7 million […]
Deutsche Telekom looking to sell Dutch unit
Deutsche Telekom is preparing a sale of its Dutch subsidiary T-Mobile Netherlands, Dutch financial daily Financieele Dagblad said on Monday. Citing sources close to the matter, the paper said Deutsche Telekom is looking to sell the mobile phone operator to private equity investors in a deal that could be worth 4 billion to 5 billion […]
NCR throws hat in the ring for Cardtronics with $1.73 billion offer
(Reuters) – NCR Corporation on Monday offered to buy Cardtronics Plc for about $1.73 billion in cash, threatening to derail the ATM operator’s acquisition by private equity firm Apollo Global and investment firm Hudson Executive Capital. Atlanta-based NCR, which makes ATMs and self-service kiosks for the retail and hospitality industries, proposed to buy all outstanding […]
LDC to back growth ambitions of South West Management teams
Mid-market investment firm LDC has committed to supporting the growth ambitions of management teams across the South West. The firm, which marks its 40th anniversary in 2021, said the private equity industry had a “unique opportunity” to accelerate the UK’s economic recovery in the coming decade. Speaking as LDC provided an annual summary of its […]
