TPG Sells More Than 10% of Novotech to Investors Ahead of IPO

Private equity firm TPG is selling more than 10% of its clinical research and testing provider Novotech Pty Ltd to a group of investors. The transaction will value Novotech at more than $2.3 billion as the company prepares for an initial public offering in Hong Kong later this year, said Joel Thickins, head of Australia […]

LDC appoints new investment director in Yorkshire

Mid-market private equity investor LDC has further strengthened its Yorkshire team with the appointment of Will Scales as an Investment Director. As Investment Director, Scales is responsible for identifying potential investment opportunities, leading transactions and supporting the management teams of LDC’s portfolio businesses as they pursue their growth ambitions. Scales, who will be based in […]

China Evergrande New Energy Vehicle Co attracts investors to raise $3.4 bln

Property giant China Evergrande’s Hong-Kong listed electric vehicles firm said on Sunday it would bring in six new investors to raise HK$26 billion ($3.4 billion) to fund technology research and repay debt. China Evergrande New Energy Vehicle Ltd will issue 952.4 million shares at HK$27.3 each to the new investors who include China Gas Chairman […]

Private Equity Has Used the Same Recipe for Returns for Decades. That’s About to Change.

EY sees four megatrends combining to “upset the existing order” in private equity. Private equity firms need to make fundamental changes to their business model to catch up with technology transformation, investors’ focus on social issues and environmental damage from companies, and the potential for more scrutiny from regulators, according to a new report from […]

Neuberger Berman Continues To Expand Access To Private Equity For Individual Investors

Neuberger Berman today announced the launch of NB Crossroads Private Markets Access Fund LLC (“Fund”), a registered, continually offered closed-end fund that further democratizes the firm’s private equity offerings and increases access to these important portfolio solutions for individual investors. The Fund launched with $208 million in initial capital, including $34 million from Neuberger Berman […]

NBA may expand private equity stakes in teams

The NBA is discussing expanding the number of institutional investors that can take equity stakes in its teams, according to two people with knowledge of the discussions. Talks among owners to establish a plan allowing for additional private equity investors are in the early stages, the two executives told Sportico, asking not to be named […]

Biden’s Wall Street backers face new threat from Warren

Democratic lawmakers are poised to crack down on the private equity industry. Private equity firms went all out for Joe Biden in the 2020 election, giving his campaign six times more money than they donated to President Donald Trump. That’s not going to do them much good with progressive Democrats in Congress. Democratic lawmakers are […]

Birkenstock in Talks for $5 Billion Sale to CVC Capital

(Bloomberg) — Birkenstock, the German company behind the iconic sandals worn by hippies and preppies alike, is in talks to be taken over by CVC Capital Partners, according to people familiar with the matter. The private equity firm is in advanced negotiations with the family owners of the nearly 250-year-old brand, according to the people, […]

Why Big Tech regulation is good for private equity, according to one CEO

Increased scrutiny of Big Tech’s power may have some shareholders sweating it. But not so for private investors. With a new Biden administration and recent threats to crack down on some of the biggest tech behemoths (from Facebook to Amazon), there seems to be support for more regulation. And according to alternative investment manager Hamilton […]

Kyri Yiannakis joins Holland Mountain as Head of Client Development

Holland Mountain has appointed Kyri Yiannakis as Head of Client Development. In this role, Yiannakis will oversee all of Holland Mountain’s commercial activity, continuing to drive the exceptional service delivered to Holland Mountain’s Private Capital clients. Leveraging 13 years of Private Capital technology experience, Yiannakis will also expand the reach of Holland Mountain’s Private Capital […]