Bessemer Venture Partners closes $4.6B across two new funds
Bessemer Venture Partners has closed $4.6 billion in new capital across two funds – $3.85 billion for its twelfth flagship fund, BVP XII, and $780 million for its inaugural BVP Forge fund. Bessemer Venture Partners focuses on early- and growth-stage venture capital investments through its current $2.475 billion BVP XI fund, $825 million Century II […]
Avalara investor seeks to block Vista Equity takeover
A large shareholder in Avalara Inc. said it plans to vote against a proposed $8.2 billion takeover by private equity firm Vista Equity Partners, arguing the sale process was flawed, poorly timed and the resulting price undervalues the tax-software company. Vista agreed to purchase Seattle-based Avalara last month for $93.50 a share in cash, a […]
Bain weighs HR software firm sale at $2 Billion valuation
Bain Capital is exploring options for Works Human Intelligence Co. including a potential sale that could value the human resources software developer at as much as $2 billion, according to people familiar with the matter. The private equity firm is working with an adviser on the potential transaction and has started reaching out to prospective […]
DFI creates €300m Danish micro-living strategy
Deutsche Finance International (DFI) has acquired a €100m development in Copenhagen on behalf of a newly created micro-living real estate investment strategy in Denmark. The pan-European private equity real estate investor said the Danish micro-living strategy, which targets a €300m portfolio, has agreed to forward fund the 350 rental unit project scheduled for completion in […]
BC Partners’ United Group to invest $2B in Greece by 2027
Balkan telecoms and media company United Group plans to invest $2bn in Greece up to 2027 to upgrade its telecoms infrastructure, the prime minister’s office said. United Group, majority owned by private equity firm BC Partners, will install a 10-gigabit fiber optics network to service 4.5 million customers, the office of Prime Minister Kyriakos Mitsotakis […]
Ardian closes second-generation Americas Infrastructure fund at $2.1B
Ardian has held the final closing of its latest Americas infrastructure fund – Ardian Americas Infrastructure Fund V (AAIF V), with $2.1 bn in capital commitments. The Ardian Infrastructure team now has over $21 billion in assets under management across the globe. AAIF V was significantly oversubscribed, exceeding its hard cap of $2.0 billion, and […]
Blackstone and Silver Lake Alumni raise $2.2 Billion for debut fund
BayPine, a private equity firm founded by veterans of Silver Lake and Blackstone Inc., raised $2.2 billion from institutional investors for its first fund. The firm has about $3 billion of capital, including co-investments, that it will use to acquire stakes in established middle-market firms and help them overhaul their digital strategies, Boston-based BayPine said […]
Francisco Partners acquires Kobalt
Francisco Partners (FP) is to take a controlling interest in Kobalt, an independent music publishing business that employs a technology platform to collect royalty micro-payments for over 700,000 songs. Willard Ahdritz will continue as Kobalt’s Chairman, and the company will continue to be led by its existing management team Laurent Hubert, CEO, Jeannette Perez, President […]
Banks begin $4.5 Billion Citrix loan sale in High-Profile deal
A group of banks kicked off a roughly $4.5 billion leveraged loan sale on Wednesday to help support the buyout of Citrix Systems Inc. in a closely-watched transaction that will reveal just how willing investors are to buy risky corporate debt. The transaction includes a $4.05 billion loan and a $500 million-equivalent euro loan, according […]
Private equity group Thoma Bravo pulls out of Darktrace bid talks
Shares in UK cyber security group tumble 30% on the news Shares in Darktrace tumbled more than 30 per cent on Thursday morning after private equity group Thoma Bravo announced it would not make an offer for the British cyber security group. It emerged last month that the US-based and tech-focused group had initiated discussions […]
