Pelican Capital scores 6.5x return through savvy YourParkingSpace investment
UK private equity investor Pelican Capital is celebrating a roughly 6.5x return through the exit of parking technology provider YourParkingSpace. Pelican invested £5m in the company in the teeth of the coronavirus pandemic, when the business was hailing opportunity from workers returning from Covid lockdowns. Pelican said YourParkingSpace had grown 125% in the past 12 […]
Astorg and Epiris lead £1.6B Euromoney takeover
Euromoney Institutional Investor, a financial news and information business has agreed to be acquired by private equity consortium in a deal worth around £1.6 billion, according to a report by Bloomberg. The deal will see Euromoney shareholders receive £14.61 per share from Luxembourg-based private equity manager Astorg Asset Management and British firm Epiris, a 34% […]
CVC Fund VIII invests in Spectrum Medical Group
CVC Fund VIII (CVC) is to invest in Spectrum Medical group at a £1 billion valuation. Spectrum Medical has grown rapidly over the past few years by bringing new and pioneering technologies to the cardiac bypass and ICU space. CVC was advised by PWC and Freshfields; Spectrum Medical were advised by PWC, BPE and Rothschild. […]
PointClickCare’s value rises to $5B from Hellman & Friedman and JMI Equity
As the Canadian tech sector navigates some tough headwinds, health-records company PointClickCare Technologies continues to sail forward. The valuation of the privately held company has jumped to more than $5bn, up from $4bn in early 2021, the company confirmed this week. The increase is based on a recent shuffling of share ownership in which private […]
Apollo funds make $175m strategic investment in Summit Ridge Energy
Funds managed by affiliates of Apollo (the Apollo Funds) have agreed to make a $175 million strategic investment in Summit Ridge, an owner-operator of community solar assets. Since launching in 2017, Summit Ridge has formed two joint ventures totalling over $1 billion in permanent project capital and has grown its portfolio of solar projects in […]
Permira hits $16 Billion milestone for new flagship buyout fund
Permira has gathered 16 billion euros ($16 billion) for its new flagship buyout pool after passing the fund’s first close, people with knowledge of the matter said. The UK alternative asset manager has already beaten its initial target of 15 billion euros, according to the people, who asked not to be identified because the information […]
Battery Ventures closes new funds totalling more than $3.8B
Battery Ventures, a global, technology-focused investment firm, has closed new funds totalling $3.8 billion to continue backing innovative companies worldwide in a variety of sectors. The new funds—raised as Battery approaches 40 years of continuous operations—include Battery Ventures XIV and a companion fund, together capitalised at $3.3 billion, and the $530 million Battery Ventures Select […]
Crossplane Capital closes Fund II above its $325m target
Crossplane Capital is pleased to announce the first and final closing of its second private equity investment fund, Crossplane Capital Fund II, above its $325m target. With the closing of Fund II, Crossplane has raised over $730m since its founding in 2018, including co-investment vehicles. Fund II will continue to target lower middle market industrial […]
BC Partners looking at $4B deal to divest IT company Presidioo
BC Partners is looking to exit IT company Presidio in a deal more than $4bn including debt, Reuters reported, quoting two people familiar with the matter. The buyout firm bought into the then Nasdaq-listed business in a $2.1bn deal two years ago. New York-based Presidio has benefited from a surge in demand for IT services […]
Pathstone to acquire $3.5B Dyson Capital Advisors
Pathstone, a partner-owned and private equity–backed registered investment advisory firm providing investment advice and family office services on more than $35bn in client assets for families, foundations and endowments, announced it has entered into an agreement to acquire Dyson Capital Advisors. Based in Alexandria, Va., Dyson was founded in 2007 by Nicholas Perrins and Scott […]
