CVC Growth Fund exits Kount in USD640 million deal
CVC Capital Partners’ (CVC) CVC Growth Fund is to sell Kount Inc (Kount), a provider of Artificial Intelligence (AI)- driven fraud prevention and digital identity solutions, to global data and analytics company Equifax in a deal valued at USD640 million. The transaction, which is expected to close in the first quarter of 2021, and is […]
Performance test looms for $900bn private debt market
Investors who made loans during calmer times before pandemic face a reckoning, analysts say. Private debt investors face a shakeout, fund managers have warned, after a decade-long boom propelled the sector’s assets to around $900bn. The market flourished in the wake of the financial crisis as banks, under regulatory pressure, have retreated from making loans […]
Neuberger Berman closes fourth co-investment fund above target
Neuberger Berman’s NB Strategic Co-Investment Partners IV (Fund IV) has closed above its target with over USD2.1 billion of commitments. Fund IV will seek to build a diversified portfolio of direct co-investments in buyout and growth equity transactions alongside high quality private equity sponsors. The successful fundraise demonstrates the continued growth of Neuberger Berman’s co-investment […]
GPG investors targeted by scammers
Investors in the failed German Property Group have been targeted by a scam letter inviting them to make a claim on their investment. The letter, sent earlier this month, stated the group had been able to sell some of its assets to a private equity investor and was making available £280m to claim on a […]
BGF anticipates strong pipeline for 2021 after investing GBP37m in businesses in 2020
BGF anticipates a strong pipeline for 2021 after marking a strong run of investment activity in 2020, despite the challenging economic backdrop of Covid-19. Over the last nine months, the investment team for Scotland and Northern Ireland has delivered a cornerstone investment in Scotland’s first IPO for two years, invested GBP37 million in over 12 […]
Albion Capital exits G.Network and generates a 3.8x return for investors
Albion Capital has completed the sale of its stake in full fibre broadband operator G.Network to the Universities Superannuation Scheme Limited (USS) and Cube Infrastructure Managers (Cube), generating a 3.8x return for its venture capital trust (VCT) investors. G.Network installs state-of-the-art full contiguous fibre broadband infrastructure in London. Albion invested in the company in May […]
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 […]
For Private Equity Software Investors, Product-Market Fit Is King
First rule of software investing: it’s all about the product Nothing scales quite like software. Programs and applications that find a willing base of users can ride an exponential growth vector with margins that simply aren’t possible in other industries. Software also has a stickiness and loyalty factor that few other industries, let alone those […]
Buyout Industry to Get Image Makeover in Mideast With New Body
Regional private equity sector reeling from Abraaj, Al Masah. New entity says 2021, 2022 will offer investors unique chances. Private equity executives in the Middle East have set up a new industry body aimed at improving the sector’s image and attracting more foreign investors following a couple of high-profile failures in recent years. Named the […]
Matrix-backed gaming startup Zupee raises $10 mn in new funding round
Cashgrail Pvt Ltd, which operates skill-based mobile gaming platform Zupee, has raised $10 million (about Rs 73 crore) in a fresh funding round. The exercise has been led by existing backer WestCap Group, a United States-based growth equity firm that invests in asset-light and tech-enabled marketplace solutions. Focus areas for WestCap include financial, real estate, […]
