Euromoney shareholders back £1.6B PE takeover
Shareholders of Euromoney Institutional Investor have voted in favour of a bid by Becketts Bidco, a consortium of Luxembourg-based private equity firm Astorg Asset Management and London-based private equity firm Epiris to acquire the business, according to a report by Private Equity Insights. In the end, 415 scheme shareholders voted in favour while 34 voted […]
Northzone raises record €1B for tenth VC fund
Northzone has raised in excess of €1 billion in new capital commitments for what is the firm’s targets fundraising to date and one of the largest venture capital funds raised in Europe so far this year. With the new funds, Northzone will invest in global consumer and enterprise companies across Europe and the US. This […]
OTPP is said to near deal to buy EQT’s stake in packaging firm
Ontario Teachers’ Pension Plan Board, one of Canada’s largest public-sector pension managers, is nearing a deal to buy a stake in specialty packaging company GPA Global from buyout firm EQT AB, according to people familiar with the matter. The Canadian fund and Asian private equity firm FountainVest Partners were among shortlisted bidders vying for the […]
GTCR looking to acquire BGB in £1.3B deal
US private equity firm GTCR is considering a £1.3 billion deal to acquire UK-based digital identity specialist GB Group (GBB), according to a report by Private Equity Insights. The report cites a statement by the Chicago-based private investment firm as confirming recent press speculation that it is interested in acquiring GB Group, which is listed […]
Bain considering Works sale at $2B valuation
Bain Capital is considering selling human resources software developer Works Human Intelligence Co (Works) for as much as $ 2 billion, according to a report by Bloomberg. The report cites unnamed sources as revealing that the private equity firm is already working with an adviser on the details of a potential deal and has been […]
Swedish regulator closes market abuse probe into EQT
Watchdog to take no action against private equity group over disclosures about $2.7bn share sale by executives Sweden’s financial regulator has closed a year-long market abuse probe into a $2.7bn share sale by top executives at private equity group EQT and will not take action against the buyout group. Under the lock-up agreement from EQT’s […]
Apollo veteran Josh Harris launches $5B investment group
Billionaire’s 26North venture to deal in private equity, credit and insurance Josh Harris, the billionaire private equity executive who left Apollo Global Management last year after a messy succession battle, is returning to the investment industry with a firm that aims to be a contender in financial markets including private equity, credit and insurance. The […]
Rockefeller Capital aims to double assets to $200bn in 3-5 years
Rockefeller Capital Management is aiming to double its assets under management to about $200bn in three to five years as it expands into new U.S. cities and hires more wealth managers, its chief executive officer said. “We’re looking to have a physical presence in most of the major wealth centers in the United States,” Gregory […]
Apollo cleared to lend $700 Million to bankrupt Airline SAS in ‘unusual’ deal
US Bankruptcy Judge Michael Wiles on Friday approved a $700 million financing package for SAS AB from Apollo Global Management, though he said features of the deal concern him. The financing, divided into two $350 million draws, will allow Apollo to convert the debt into stock in the bankrupt airline or participate in an equity […]
KKR seeks advisers to sell stake in Avendus Capital
KKR & Co. is in talks with advisers to sell its stake in Avendus Capital Ltd., valuing the financial services provider at more than $500 million, people familiar with the matter said. The private equity titan is close to appointing two banks to manage the formal process for the transaction, the people said, asking not […]
