Volkswagen Finance turns majority stakeholder in KUWY Technology
Volkswagen Finance on Monday said it has increased its shareholding in Chennai-based automotive lending startup KUWY Technology to a majority stake, effective January 5. Financial terms of the deal were not disclosed in the statement. The Mumbai-based financial services arm of the German automaker had in September 2019 picked up a 25% stake in the […]
Eight Roads promotes Aditya Systla to partner post
Eight Roads Ventures India and Southeast Asia, which is part of Fidelity-backed global investment firm Eight Roads, on Tuesday said it has elevated Aditya Systla to partner position. Systla, who had joined Eight Roads in 2015 as an associate, is the fourth partner at the firm in India, said Eight Roads in a statement. He […]
Deutsche Telekom looking to sell Dutch unit
Deutsche Telekom is preparing a sale of its Dutch subsidiary T-Mobile Netherlands, Dutch financial daily Financieele Dagblad said on Monday. Citing sources close to the matter, the paper said Deutsche Telekom is looking to sell the mobile phone operator to private equity investors in a deal that could be worth 4 billion to 5 billion […]
NCR throws hat in the ring for Cardtronics with $1.73 billion offer
(Reuters) – NCR Corporation on Monday offered to buy Cardtronics Plc for about $1.73 billion in cash, threatening to derail the ATM operator’s acquisition by private equity firm Apollo Global and investment firm Hudson Executive Capital. Atlanta-based NCR, which makes ATMs and self-service kiosks for the retail and hospitality industries, proposed to buy all outstanding […]
European Commission makes its first equity investments into startups
The European Commission has made its first direct equity investments into startups — backing 42 companies from around Europe — in an attempt to plug the funding gap and boost innovation on the continent. Under the new European Innovation Council Fund, each of the companies will receive between €500,000 and €15m, with €178m invested overall. The companies span a […]
LDC to back growth ambitions of South West Management teams
Mid-market investment firm LDC has committed to supporting the growth ambitions of management teams across the South West. The firm, which marks its 40th anniversary in 2021, said the private equity industry had a “unique opportunity” to accelerate the UK’s economic recovery in the coming decade. Speaking as LDC provided an annual summary of its […]
Buyout giant Silver Lake closes in on stake in New Zealand All Blacks
New Zealand Rugby is in advanced discussions about the sale of a stake to buyout firm Silver Lake, Sky News understands. The American private equity investor which part-owns Manchester City Football Club is in advanced talks to buy a stake in the New Zealand All Blacks, one of the most iconic names in global sport. […]
Edge Investments appoints CIO
Edge Investments (Edge), a growth investor in the UK creative economy, has appointed Simon Andrews as Chief Investment Officer (CIO), to help drive growth and realise the potential of its current and future portfolio companies. Andrews has a wealth of experience throughout the venture capital world, joining Edge from the Business Growth Fund (BGF), the […]
Avista Capital Partners Announces Strategic Investment from Capital Constellation
Capital Constellation acquired a strategic minority interest in Avista Capital Partners, a leading New York-based healthcare focused private equity firm NEW YORK, Jan. 12, 2021 Avista Capital Partners, a leading New York-based private equity firm with over $6 billion invested in more than 35 healthcare businesses globally, today announced a strategic partnership with Capital Constellation (“Constellation”). Constellation, a […]
Blackstone Sees Three Asia MD Exits in a Month
Private equity giant Blackstone reportedly saw three senior managing directors in Asia leave since last month, amidst ongoing expansion in the region. Kishore Moorjani, Asia head of tactical opportunities, was the latest to resign after nine years with the firm. He will be replaced by senior partner Menes Chee, who will relocate from Blackstone’s headquarter […]
