New Warburg Pincus investment values MRL at $2.25B
Warburg Pincus, has agreed to invest $250 million in Montana Renewables (MRL), a renewable fuels business and subsidiary of Calumet Specialty Products Partners (Calumet) in the form of a participating preferred equity security. The investment values MRL at a pre-commissioning enterprise value of $2.25 billion. The preferred equity investment is not interest-bearing and carries certain […]
Carlyle to acquire controlling stake in Ocmis
Carlyle is to acquire a controlling stake in Ocmis Group (Ocmis), a manufacturer of advanced irrigation systems for the agricultural market, partnering with historical shareholders including the Montorsi family and the management team. Equity for the investment will be provided by Carlyle Europe Partners V (CEP V), a €6.4bn fund investing in European opportunities across […]
BlackRock to offer Crypto for Institutional Investors through Coinbase
BlackRock, the world’s biggest asset manager, has formed a partnership with publicly traded crypto exchange Coinbase to make crypto directly available to institutional investors. Mutual customers of Coinbase and BlackRock’s investment management platform, Aladdin®, will have access to crypto trading, custody, prime brokerage and reporting capabilities, according to a blog post Thursday. BlackRock had $8.5 trillion […]
Abris-backed GreenGroup buys UAB Ecso
Central European circular economy leader GreenGroup enters the polyolefin recycling market with Lithuanian investment 8 August 2022, Vilnius – Abris Capital Partners (“Abris”), the ESG transformation specialist private equity investor, has supported GreenGroup, the circular economy leader in Central Europe, in acquiring UAB Ecso, a Lithuanian LDPE (Low Density Polyethylene) recycling company. Part of an ambitious […]
Apollo raises $13B for first flagship buyout fund since Leon Black exit
Fundraising being closely watched on Wall Street as a marker for chief Marc Rowan’s tenure Apollo Global has raised $13bn for its first flagship buyout fund since co-founder Leon Black left the private equity group last year over his long association with convicted sex offender Jeffrey Epstein. The group said that by July the fund […]
KKR forms strategic alliance with Loop Capital to offer equity research and distribution capabilities
KKR and Loop Capital Markets, a black owned and led investment bank, brokerage and advisory firm today announced a strategic alliance under which Loop Capital could independently offer investment banking and equity research capabilities to KKR’s equity capital markets (ECM) clients, which include private companies and private equity sponsors. The ability for Loop Capital to […]
Apollo launches $15 Billion equity fund for High Net-Worth investors
Apollo Global Management Inc. is launching an equity fund that allows high net-worth individuals to invest alongside the firm as the alternative-asset manager expands beyond its traditional client base. The $15 billion Apollo Aligned Alternatives fund is designed to replace public equity investments by offering exposure to lower-volatility private ones, targeting returns similar to assets […]
Carlyle and GIC invest in Eneus Energy
Global investment firm Carlyle and GIC have invested in a green ammonia project development company Eneus Energy Limited (Eneus) to support the development of a 14GW-plus pipeline. Eneus is amongst a small cohort of first movers for industrial scale production plants in a global market for green ammonia and/or green hydrogen that is forecast to […]
Clearlake Capital sells Brightly software to Siemens in $1.875B deal
Clearlake Capital Group has completed the sale of Brightly Software to Siemens AG (Siemens) for a $1.575 billion upfront cash consideration, along with $300 million in cash earn-out payments, giving a total deal value of $1.875 billion. Brightly is a software-as-a-service (SaaS) provider of cloud-based enterprise asset management and facility operations management. Clearlake acquired Brightly, […]
L’ATTITUDE Ventures closes first $100m fund focused on Latino-founded early-stage companies
L’ATTITUDE Ventures has closed its first institutional fund, raising over $100 million through a strategic anchor investment by JPMorgan Chase and initial investments from Trujillo Group and Bank of America. Other key investors in this fund, which is aimed solely at investing in Latino-owned companies with high growth potential, include UC Investments and MassMutual, Barclays, […]
