Abris-backed GreenGroup buys ERP developer SIGAD
The largest integrated recycling group in Central Europe launches ‘Circular Innovations’ division to invest in circular economy start-ups 20 July 2022, Bucharest – Abris Capital Partners (“Abris”), the ESG transformation specialist private equity investor, has supported GreenGroup, the circular economy leader in Central Europe, in acquiring SIGAD, a Romanian developer of environmental reporting software. The acquisition […]
Funds eye $1 Trillion in fresh capital despite market uncertainty
Private equity firms are on the hunt for funding, turning up the competition during market and economic uncertainty and an overall lean time for new deals. According to London investment data firm Preqin, 2,845 funds are looking to raise over $1 trillion altogether, WSJ reported. That’s an increase of more than 60% in the number […]
Aston Martin raises £650m as Saudi Arabia’s PIF takes a stake
Aston Martin Lagonda has received a large investment from Saudi Arabia as part of raising £650m of capital to pay down the luxury sportscar maker’s large debts. Shares in Aston Martin hit a record low below 355p on Friday after the deal was announced, before recovering some of this week’s losses to jump 20% to […]
Pelican Capital scores 6.5x return through savvy YourParkingSpace investment
UK private equity investor Pelican Capital is celebrating a roughly 6.5x return through the exit of parking technology provider YourParkingSpace. Pelican invested £5m in the company in the teeth of the coronavirus pandemic, when the business was hailing opportunity from workers returning from Covid lockdowns. Pelican said YourParkingSpace had grown 125% in the past 12 […]
CVC Fund VIII invests in Spectrum Medical Group
CVC Fund VIII (CVC) is to invest in Spectrum Medical group at a £1 billion valuation. Spectrum Medical has grown rapidly over the past few years by bringing new and pioneering technologies to the cardiac bypass and ICU space. CVC was advised by PWC and Freshfields; Spectrum Medical were advised by PWC, BPE and Rothschild. […]
Apollo funds make $175m strategic investment in Summit Ridge Energy
Funds managed by affiliates of Apollo (the Apollo Funds) have agreed to make a $175 million strategic investment in Summit Ridge, an owner-operator of community solar assets. Since launching in 2017, Summit Ridge has formed two joint ventures totalling over $1 billion in permanent project capital and has grown its portfolio of solar projects in […]
Partners Group invests $500m in Energy-as-a-Service company Budderfly
Partners Group, a leading global private markets firm, has on behalf of its clients acquired a majority equity stake in Budderfly, the fastest growing Energy-as-a-Service provider in the US, and committed further growth capital totaling more than $500m. Partners Group aims to transform Budderfly into a multi-billion-dollar infrastructure platform by investing to expand its customer […]
Insurtech Wefox soars to $4.5B valuation thanks to hefty Series D investment round
Berlin-based insurtech Wefox has hit a $4.5bn valuation thanks to a huge Series D round led by Mubadala Investment Company. Eurazeo, LGT, Horizons Ventures, OMERS Ventures and Target Global also took part in the $400m equity and debt round, which has boosted Wefox’s valuation 50% in the past 12 months. The digital insurance company sells […]
Hg invests in Ideagen
Ideagen, a specialist in compliance software for regulated industries, has secured an investment from Hg, a leading software and services investor. Established in 1993 and headquartered in Nottingham, UK, Ideagen’s software helps companies comply with regulation and manage risk. It is a leader in the $30 billion-plus regulatory and compliance software sector, serving highly regulated […]
KKR to appoint Katie Sudol as General Counsel; David Sorkin to become Chief Legal Officer
KKR & Co. Inc. today announced the appointment of Kathryn King Sudol as General Counsel of KKR. She will succeed David Sorkin who has served as General Counsel since 2007 and will become Chief Legal Officer of KKR. Both appointments are effective September 6, 2022. At the end of the first quarter of 2023, Ms. […]
