Fundamental Advisors closes fourth flagship fund above target at $1.43B
Fundamental Advisors (Fundamental), an alternative asset manager dedicated to municipal and public purpose investing, has held the final close of its fourth flagship private equity fund, Fundamental Partners IV LP (Fund IV), with $1.43 billion in capital commitments. Fund IV’s total commitments significantly exceeded its original target of $1 billion. The fund received support from […]
Oaktree completes acquisition of majority interest in 17Capital
Oaktree has completed the acquisition of 17Capital, a provider of non-dilutive capital to high-quality private equity management companies, funds and institutional investors that are seeking to finance value creation and portfolio management initiatives. Oaktree is a specialist among global investment managers fosued on alternative investments, including credit, private equity, real assets and listed equities. This […]
Eurazeo raises over €1B for Eurazeo PME IV Fund
Eurazeo has exceeded its fundraising target for the Eurazeo PME IV Fund by attracting more than €1 billion, 50% more than its previous fund. Since 2006, the small-mid buyout strategy’s assets under management have grown from €50 million to more than €1 billion. In 2011, these investments were financed solely by Eurazeo’s balance sheet, but […]
Pimco buys €1bn of Apollo buyout loans from banks
Barclays and BofA take losses in shifting debt backing the takeover of Worldline’s terminals business Pimco has bought more than €1bn of loans from banks that underwrote Apollo’s takeover of a French payments business, in the latest example of the fund manager taking on a backlog of buyout loans at a deep discount. A group […]
Abris-backed GreenGroup buys ERP developer SIGAD
The largest integrated recycling group in Central Europe launches ‘Circular Innovations’ division to invest in circular economy start-ups 20 July 2022, Bucharest – Abris Capital Partners (“Abris”), the ESG transformation specialist private equity investor, has supported GreenGroup, the circular economy leader in Central Europe, in acquiring SIGAD, a Romanian developer of environmental reporting software. The acquisition […]
Funds eye $1 Trillion in fresh capital despite market uncertainty
Private equity firms are on the hunt for funding, turning up the competition during market and economic uncertainty and an overall lean time for new deals. According to London investment data firm Preqin, 2,845 funds are looking to raise over $1 trillion altogether, WSJ reported. That’s an increase of more than 60% in the number […]
Aston Martin raises £650m as Saudi Arabia’s PIF takes a stake
Aston Martin Lagonda has received a large investment from Saudi Arabia as part of raising £650m of capital to pay down the luxury sportscar maker’s large debts. Shares in Aston Martin hit a record low below 355p on Friday after the deal was announced, before recovering some of this week’s losses to jump 20% to […]
Starbucks explores UK business sale, reports say
Starbucks is reportedly exploring a potential sale of its UK business as it faces increasingly tough competition and changing customer habits. Starbucks has been in the UK since 1998 and has about 1,000 outlets, of which about 70% are franchises while the remainder are owned by the firm. Along with its rivals, it is also […]
PE deals target billions in student housing amid shortages, rising costs
Private equity firms and asset managers are plowing billions into the student and college housing industry as they look to further capitalize on rising real estate values and an unprecedented global student housing shortage. Led by Blackstone’s April agreement to take American Campus Communities private for $12.8bn—the largest deal in the sector on record—private equity […]
Deutsche Bank and UBS get rare lifeline on buyout debt for Cornerstone deal
Private equity firm Clayton Dubilier & Rice is buying $464m of the riskiest part of the debt for its own buyout of Cornerstone Building Brands, limiting potential losses for the banks that agreed to fund the deal. CD&R is purchasing the so-called “payment-in-kind” notes that a group of lenders led by Deutsche Bank AG and […]
