ESG investor Galway Sustainable Capital closes new $265m funding from Oaktree
Galway Sustainable Capital (GSC) has entered into a new, broad-based funding partnership with funds managed by Oaktree Capital Management, (Oaktree). Under the terms of the deal, GSC secured a minority equity investment and closed a new, multi-year, multi-tranche credit facility with Oaktree. GSC is private equity backed by lead investor Cordillera Investment Partners. GSC was […]
St. Michael’s Development Secures Investment from KKR for City Centre Scheme
Relentless today announces a joint venture with KKR to deliver the St Michael’s development in central Manchester. Initial work on the site is expected towards the end of the year in the commercial phase of the project. The joint venture, KKR’s first real estate investment in Manchester, will combine Relentless’s local knowledge and operational expertise […]
Yondr Group, Everstone Group to invest $1B to develop, operate data centres in India
The Yondr-Everstone joint venture, with an initial capitalisation of $1 billion, will support hyperscale clients and service the rapidly growing Indian market, which is projected to exceed $4.5 billion by 2025. Data centre developer Yondr Group on Tuesday said it has formed a joint venture with private equity firm Everstone Group and will invest over $1 […]
Standard Chartered Bank and ICG announce €1.45bn ESG-linked subscription facility for ICG Europe Fund VIII
Standard Chartered Bank and Intermediate Capital Group (ICG) have successfully closed an initial €1.45 billion ESG-linked subscription facility for ICG Europe Fund VIII. The lending group comprises Standard Chartered Bank, BNP Paribas, ANZ Banking Group Limited, ING Bank, and Royal Bank of Canada. The facility will serve as a key source of liquidity for the […]
TA Associates makes strategic growth investment in Elos Medtech
Private equity firm TA Associates has completed a majority growth investment in Elos Medtech AB (NASDAQ STOCKHOLM: ELOS B), an innovative full-service contract development and manufacturing organisation (CDMO) in the global medical device market. Elos Medtech is headquartered in Gothenburg, Sweden with operations being conducted at facilities in Sweden, Denmark, China and the US. As […]
Private equity firms to scramble for exit after China’s new tutoring rules
China’s move to ban private tutoring firms from making a profit from teaching core school subjects and raising capital is set to trigger a scramble among venture and private equity investors to find an exit after pouring billions of dollars into the sector. While stricter regulations were expected with China looking to ease pressure on children and […]
SEDNA raises $34m in Series B funding
SEDNA, an intelligent communications system for high-performance teams at leading companies like Glencore, Norden, and Bunge, has secured $34 million in Series B funding. The funding will allow SEDNA to expand its investment in the global supply chain space while also increasing value in new verticals where overwhelming communication makes work harder. Customers fully implementing […]
Private equity’s mega-funds are making big moves in 2021
It appears that mega-funds are the hot private equity investing topic of 2021. This year is looking to be a banner one for private equity’s mega-funds, with the likes of Hellman & Friedman closing its 10th namesake fund at $24.4 billion and The Carlyle Group reportedly eyeing $27 billion for its next flagship vehicle—in what would be the […]
HSBC Asset Management launches VC strategy investing
HSBC Asset Management (HSBC AM) has launched a new venture capital investment strategy aimed at investing in companies that will participate in the transformation of financial services. The strategy will provide clients with exposure to B2B companies which offer either software or financial services to enterprises or institutions. It will typically participate in series A […]
Equistone acquires Vertbaudet from Alpha Private Equity
European mid-market private equity firm Equistone has acquired a majority stake in Vertbaudet, a European e-commerce platform dedicated to childhood. Following this transaction, Equistone now holds a majority stake in Vertbaudet, alongside the executive team. Through a robust omnichannel model – which has demonstrated resilience throughout the Covid-19 crisis – the Group expects to achieve […]
