Permira Funds makes €1.9bn strategic investment in Adevinta
Permira, a global private equity firm focused on growth at scale, has made a strategic investment in Adevinta ASA (Adevinta). Funds advised by Permira have agreed to acquire approximately 125 million shares in Adevinta from eBay Inc (eBay), representing a 10.2 per cent ownership. Upon closing of the transaction, Permira Partner and Head of Consumer, […]
Earnings in the US middle market are booming, says Golub Capital
Middle market private companies in the Golub Capital Altman Index experienced EBITDA growth of 31 per cent and revenue growth of 21 per cent in April and May 2021 compared to their April and May 2019 earnings and revenue. That’s according to a special edition of the Golub Capital Middle Market Report for Q2 2021, […]
Blackstone appoints Senior Managing Director and Global Head of Talent & Leadership for portfolio companies
Blackstone has appointed Courtney della Cava as Senior Managing Director and Global Head of Talent & Leadership for its Portfolio Operations Group, effective 1 August. In this role, della Cava will be responsible for building and enhancing executive leadership teams and boards for Blackstone’s more than 200 portfolio companies. She joins the firm from Bain […]
PGIM acquires €2.7bn private equities secondaries manager Montana Capital Partners
PGIM has signed a definitive agreement to acquire Montana Capital Partners (MCP), a European private equity secondaries fund manager with €2.7bn in assets under management (AUM). The transaction, which is expected to close in Q3 2021 and remains subject to receipt of all regulatory approvals, will see MCP join PGIM’s multi-manager structure under the oversight […]
Arlington Capital Partners acquires TRP Infrastructure Services
Arlington Capital Partners (Arlington Capital), a Washington, DC-based private equity firm, in partnership with the existing management team and founders, has completed the acquisition of TRP Infrastructure Services (TRP). TRP is a leading provider of safety-critical and highly regulated roadway marking and traffic control solutions primarily to state and local government end-customers, whom it serves […]
Eka Ventures becomes UK’s largest impact-driven early stage VC fund following £68m closing
Eka Ventures has held a final close on a £P68 million ($95 million) fund, making it the largest impact-driven early stage venture capital fund focused on the UK. Investors in the fund include British Business Bank, BSC, Isomer, Guys and St Thomas Foundation, Planet First Partners, Draper Esprit, Snowball and others, including 24 entrepreneurs, 12 […]
OTB Ventures launches new $60m fund to back European businesses
OTB Ventures, a venture capital firm investing in early-stage technology businesses with R&D in Central and Eastern Europe (CEE) and global potential, has launched the new OTB Growth Fund I. The fund, totalling USD60 million, provides OTB Ventures with the capabilities to support its successful portfolio companies with additional follow-on investments as they scale-up to […]
CVC agrees to acquire a $470m stake in Aleph Holding, valuing the company at $2bn
Global private equity firm, CVC Capital Partners’ (CVC) Fund VIII has acquired a majority stake in Aleph, a partner to the world’s biggest digital media players. The closing of the transaction is subject to customary conditions precedent, and is expected to occur by August 2021. Aleph operates in over 90 markets worldwide, reaching two billion […]
Kartesia supports Stirling Square with acquisition of Sustainable Agro Solutions
Kartesia, a European specialist provider of capital solutions for small and mid-sized companies, as provided a €103 million financing solution alongside Eurazeo to pan-European mid-market private equity firm Stirling Square Capital Partners (Stirling Square) for its acquisition of Spanish agriculture business Sustainable Agro Solutions (SAS). Founded in 1989, SAS is a leading developer and producer […]
BlackRock CEO calls for stronger climate finance plan at G20 meet
BlackRock chief executive Larry Fink on Sunday (July 11) called for governments to develop a stronger long-term climate finance plan to unlock the private capital needed to fund the transition to a low-carbon economy. Speaking to The Venice International Conference on Climate at a meeting of G-20 Finance Ministers, he said without such a plan, […]
