TA Is in Advanced Talks to Buy Advent’s Unit4 Software Business
Private equity firm TA Associates is in advanced discussions to buy Advent International’s software business Unit4 NV for more than $2 billion, according to people familiar with the matter. A final agreement hasn’t been reached and talks could still fall apart, said the people, who asked not to be identified because the information was private. […]
MintGreen raises seed round from CoinShares to use bitcoin mining to monetise heat generation
MintGreen has closed a seed financing round, led by CoinShares Ventures, the investment arm of the publicly listed digital asset investment firm, as it looks to deploy the first large-scale commercial project to harvest heat from bitcoin mining. The cryptocurrency market is growing rapidly, with the price of bitcoin up 10x year over year and […]
Equita Private Debt Fund II reaches EUR131.5m of total commitments
Equita, an independent Italian investment bank, has held an additional closing of Equita Private Debt Fund II (EPD II), the PIR compliant Italian closed-end fund managed by Equita Capital SGR. The new phase of EPD II’s fundraising closed with EUR31.5 million of commitments and involved four institutional investors, including a leading Italian insurance company and […]
Riverside to sell ARCOS
The Riverside Company, a private equity firm focused on the smaller end of the middle market, has signed a definitive agreement with Vista Equity Partners (Vista) to sell ARCOS, a specialist in resource management software for utilities, airlines and other critical infrastructure industries. The proposed transaction is expected to close in the second quarter of […]
Clarify Health scores $115M in series C funding to grow AI-powered data analytics platform
Enterprise analytics company Clarify Health has secured $115 million in series C funding to scale its self-service healthcare analytics cloud and business software. Venture capital and private equity firm Insight Partners led the investment. Hilary Gosher, managing director at Insight Partners, says her firm decided to invest in Clarify because the software platform enables interoperability […]
The Rise Fund to invest USD200m in Airtel Africa’s mobile money business
The Rise Fund, the global impact investing platform of alternative investment firm TPG, is to invest USD200 million in Airtel Mobile Commerce BV (AMC BV), a wholly owned subsidiary of Airtel Africa. AMC BV is currently the holding company for several of Airtel Africa’s mobile money operations; and is now intended to own and operate […]
Private equity firm Fourshore acquires Genesis Capital, lender to owner-operators
No details disclosed, but Fourshore generally looks at companies valued at $10 million to $75 million A private equity company has acquired a majority stake in Genesis Capital Finance, a lender to independent owner-operators buying trucks. In a prepared statement released last week, Fourshore Partners did not provide information on the size of the acquisition […]
Independent specialist fund administrator Oakbridge Funds launches
Oakbridge Fund Services (Jersey) Limited (Oakbridge Funds), a specialist independent fund administrator based in Jersey has launched to service the alternative funds sector. Expert in the main alternative asset classes with a focus on Private Equity and Venture Capital, Oakbridge Funds will provide administration services to offshore closed and open-ended funds and corporate structures. The […]
Anchin launches emerging manager platform for hedge, private equity, real estate and venture capital Funds
Anchin, Block & Anchin (Anchin) has launched an emerging manager platform for start-up and early-growth hedge, private equity, real estate and venture capital funds, offering a mix of traditional and non-traditional professional services across audit, tax, advisory and consulting. The platform combines the expertise of Anchin’s Financial Services, Private Equity and Real Estate Groups. The […]
Gender diversity is improving in PE and VC but work is still needed on ethnicity representation, says new report
There has been some improvement on gender diversity in private equity and venture capital, but considerable progress is required on ethnicity, a new report has found. The survey report, produced by the British Venture Capital and Private Equity Association (BVCA) and Level 20, builds on the 2018 ‘Women in Private Equity’ report and highlights data […]
