Francisco Partners raises nearly $17B for latest 2 funds
Francisco Partners has closed buyout fund Francisco Partners VII and growth equity fund Francisco Partners Agility III at $13.5bn and $3.3bn, respectively. The technology-focused private equity funds well exceeded their fundraising targets of $10bn and $2.25bn, respectively, a spokesman said in an email. Francisco Partners VI and Francisco Partners Agility II had closed at $7.45bn […]
Stone Point Capital closes Trident IX with $9B of committed capital
Stone Point Capital, a private equity firm based in Greenwich, Connecticut, focused on financial services and related industries, announced that it held the final closing of its ninth private equity fund, Trident IX, with more than $9bn of total commitments, including approximately $500m in commitments from the General Partner and affiliated entities. Trident IX reached […]
KKR is said to seek over $2.7bn for MYOB Group in talks with ANZ
Australia & New Zealand Banking Group (ANZ) has confirmed that it is in talks with Kohlberg Kravis Roberts for the potential acquisition of MYOB. As per Bloomberg’s report, the talks between ANZ and KKR are at an advanced stage and the deal could value MYOB at over A$4bn ($2.7bn). KKR acquired the Australian firm in […]
KKR’s first asset-based finance fund raises $2.1B
Global Investment firm KKR closed its first asset-backed finance fund with about $2.1bn from investors who are increasingly turning to collateral-based cash flows with attractive yields to beat market volatility. KKR’s Asset-Based Finance Partners fund drew from a diverse group of new and existing investors, including public and corporate pensions, sovereign wealth funds and commercial […]
Partners Group invests $500m in Energy-as-a-Service company Budderfly
Partners Group, a leading global private markets firm, has on behalf of its clients acquired a majority equity stake in Budderfly, the fastest growing Energy-as-a-Service provider in the US, and committed further growth capital totaling more than $500m. Partners Group aims to transform Budderfly into a multi-billion-dollar infrastructure platform by investing to expand its customer […]
VinFast says it’s signed banks to raise $4B for US Plant
Vietnamese electric-vehicle maker VinFast said it has signed agreements with banks to raise at least $4 billion globally to fund its planned North Carolina EV factory and US rollout, according to a statement. Credit Suisse Group AG will help arrange the issuance of offshore securities to raise around $2 billion, while Citigroup Global Markets Inc. […]
Hamilton Lane raises $590m for first infra co-investment, secondaries fund
Hamilton Lane has closed its inaugural fund focused on secondaries and co-investments within the infrastructure space. Hamilton Lane Infrastructure Opportunities Fund surpassed its $500m target, which was set March 2020, to reach a $590m close at the end of June. When Hamilton Lane launched the fund, it had generated a gross money multiple of 1.7x […]
Bill Ackman to wind up SPAC, return $4B to investors
Billionaire investor William Ackman, who had raised $4bn in the biggest-ever special purpose acquisition company, told investors he would be returning the sum after failing to find a suitable target company to take public through a merger. The development is a major setback for the prominent hedge fund manager who had initially planned for the […]
Insurtech Wefox soars to $4.5B valuation thanks to hefty Series D investment round
Berlin-based insurtech Wefox has hit a $4.5bn valuation thanks to a huge Series D round led by Mubadala Investment Company. Eurazeo, LGT, Horizons Ventures, OMERS Ventures and Target Global also took part in the $400m equity and debt round, which has boosted Wefox’s valuation 50% in the past 12 months. The digital insurance company sells […]
Carlyle to sell Unison Software to buyout firm Madison Dearborn
Madison Dearborn Partners is acquiring a majority stake in software company Unison Software Inc. from fellow private equity firm Carlyle Group Inc. Carlyle is keeping a minority stake, according to a statement. The transaction values Unison at more than $1 billion, including debt, people familiar with the matter said, who asked to not be identified […]
