Oakley Capital to take 175 mln euro stake in Spain’s Idealista
Investment fund Oakley Capital has agreed to invest 175 million euros ($212 million) in a minority stake in Spanish property portal Idealista, just four months after Sweden’s EQT bought the platform for $1.58 billion. Idealista, which operates in Spain, Portugal and Italy and receives 38 million monthly visitors across the region, has grown rapidly in […]
Venture capital performance at new high despite pandemic
Returns from venture funds globally reached a record level in Q2 2020, despite the Covid-19 crisis, and remained high as the year progressed, according to eFront’s latest Quarterly Private Equity Performance report. Up to the end of Q3, 2020 has been an exceptional year for venture capital performance, with funds globally recording an increase in […]
Robert Downey Jr launches FootPrint Coalition Ventures
Producer, actor and investor Robert Downey Jr has launched ESG-focused FootPrint Coalition Ventures, a series of rolling venture capital funds focused on sustainable technology, while participating in World Economic Forum (WEF) Digital Davos Agenda on a High Level Panel. FootPrint Coalition Ventures’ mission is to accelerate groundbreaking technologies that are addressing the world’s largest environmental […]
Signavio to be acquired by SAP
The Apax Digital Fund (ADF), DTCP, and Summit Partners, have agreed to sell portfolio company Signavio, a specialist in the enterprise business process intelligence and process management space, to SAP. The transaction is expected to close by Q2 2021, subject to approvals by antitrust authorities. Financial terms of the transaction have not been disclosed. Founded […]
General Atlantic to Invest US$55 Million in Kalbe Genexine Biologics
Capital to fuel Company’s strategic growth into a leading biologics platform in the Southeast Asia region Kalbe Genexine Biologics (“KGBio” or “the Company”), a leading integrated biologics holding company focused on the in-licensing, clinical development, and manufacturing of novel biologicals and biosimilar molecules, today announced that General Atlantic, a leading global growth equity firm, will […]
Foundation for Business Equity Announces $2.5 Million Commitment from Bain Capital to Assist and Accelerate Black and Latinx-Owned Businesses
The Foundation for Business Equity (“FBE”), a Boston-based nonprofit organization working to close the racial wealth gap, today announced a five year, $2.5 million commitment from Bain Capital, one of the world’s leading multi-asset alternative investment firms. As part of the partnership, Bain Capital will provide philanthropic support to FBE to help expand its business […]
University of Texas Institutions Receive $5 Million to Expand Blackstone LaunchPad to Additional Campuses
The Blackstone Charitable Foundation announced today the expansion of its signature Blackstone LaunchPad student entrepreneurship programming from two to eight campuses in The University of Texas System, bringing the initiative’s network and resources to a more diverse set of students. The $5 million expansion will give even more students critical access to resources, opportunities and […]
Nordic Capital offers to buy Advanz Pharma in $846 million deal
Private equity investor Nordic Capital on Wednesday offered to buy Advanz Pharma, valuing the drugmaker at $846 million as part of a move to invest in accelerating the company’s pipeline of innovative specialty pharmaceutical products. Under the offer, shareholders would receive a price of $17.26 per Advanz Pharma share and can also elect a non-cash […]
Japan’s Showa Denko to sell aluminium business to Apollo
Japan’s Showa Denko KK said on Thursday it would sell its aluminium business to U.S. investment fund Apollo Global Management as the materials maker steps up efforts to divest assets. Specifically, Showa Denko said it plans to sell its aluminium rolling business for electronic components as well as the aluminium can business. The company did […]
Cordiant Capital to launch £300 million digital infrastructure investment trust
Cordiant Capital has targeted a £300m raise for a digital infrastructure investment trust, as it looks to “capitalise on the surging growth in data consumption and traffic”. The investment manager will look to issue up to 300 million ordinary shares at 100p each through an initial placing and offer for subscription. Subscription shares will be […]
