Carlyle to acquire significant minority stake in CureApp for JPY 7B
Carlyle is to acquire a significant minority stake in CureApp, Inc, a Japanese medical technology (medtech) company and prescription digital therapeutics provider, for JPY7 billion as part of CureApp’s Series G funding. Carlyle’s investment brings the total amount of capital raised by CureApp to approximately JPY13.4 billion. Carlyle will have one board seat as part […]
Canada Pension Plan discloses billions in investments
Canada Pension Plan Investment Board, Toronto, reported a large number of investments and commitments it made in the first and second quarters of fiscal 2023. CPP Investments, which manages the assets of the $406.1bn Canada Pension Plan, said in the fiscal first quarter it closed a C$230m investment in the term loans of Legal Search, […]
EagleTree Capital eyes up to $2.1B for new flagship fund, reaches first close
Eagletree Capital is reportedly eyeing up to a $2.1bn hard cap for its sixth flagship buyout fund, almost double the total it raised for its last vehicle in the series. The firm has set a $1.6bn target for EagleTree Partners VI according to an SEC filing for the fundraise, almost 50% larger than the $1.1bn […]
abrdn confirms plans to merge or close 100 funds
abrdn is merging or shuttering 100 funds in a move to save on costs, the Scottish investment house confirmed to Investment Week, as AUM at its asset management arm declined 17% in the first half of 2022. A spokesperson said: “We have now reviewed around 550 funds and concluded that 20% with an AUM of […]
HIG Capital sells Der Grüne Punkt
An affiliate of HIG Capital (HIG) has completed the sale of Der Grüne Punkt – Duales System Deutschland (DSD) to Circular Resources, which provides a comprehensive offering for global corporations to meet their need for recycled plastics. Its combination with DSD will create a large-scale provider of solutions for the circular economy in Europe with […]
Innova Capital holds first close of seventh fund at €220m
Innova Capital has raised over €220m for the first close of its latest fund – Innova/7 – achieving 60 per cent of the fund’s €350m target in just 10 months. The vast majority of the capital was committed by existing investors (LPs) of prior funds. As in the past, Innova will focus on making control […]
TA Associates revives sale of $1B cosmetics firm Vivacy
TA Associates is reviving plans to sell French cosmetic treatment company Laboratoires Vivacy, people familiar with the matter said. The buyout firm is working with BNP Paribas SA and Rothschild & Co. on a potential divestment that could value Vivacy at about 1 billion euros ($1 billion), the people said. It has drawn interest from […]
Pomona Capital raises $4B in capital across platform in past two years
Pomona Capital, a global private equity firm specialising in secondaries investing, has raised a combined total of $4 billion across its platform in the past two years. The firm recently held a final close on its tenth secondaries flagship fund, Pomona Capital X (PC X) with commitments of $2.6 billion. PC X was oversubscribed and […]
Bain Capital-backed US LBM acquires Deco Truss
US LBM, a portfolio company of Bain Capital Private Equity, and a distributor of specialty building materials in the United States, has acquired Deco Truss, a manufacturer and supplier of structural roof and floor trusses to customers in South Florida and the Caribbean. Deco Truss operates an 8.5-acre manufacturing plant and retail location in Miami […]
Motive Partners completes sale of Global Shares to JP Morgan
Motive Partners (Motive), a specialist private equity firm focused on growth equity and buyout investments in software and information services companies that serve the financial services industry, has completed the sale of Global Shares to JP Morgan. Motive invested in Global Shares in August 2018, acquiring a ~40% stake in the business. Global Shares, having grown […]
