Klarna seeking new funds at close to $50 bln valuation
Swedish payments firm Klarna is close to raising a new round of funding from a group of investors including SoftBank that could lift the company’s valuation close to $50 billion, three sources told Reuters. The latest fundraising is expected to be Klarna’s final private round before the fintech giant, Europe’s most valuable startup, sets the […]
EQT Private Equity makes minority investment in DESOTEC, a leading European environmental services company
EQT is pleased to announce that the EQT Mid Market Europe fund (“EQT Private Equity”) has acquired a 15 percent minority stake in DESOTEC (“the Company”) alongside private equity funds managed by Blackstone (“Blackstone”). In March 2021, Blackstone agreed to acquire DESOTEC from the EQT VII fund, as part of the transaction EQT Mid Market […]
Pexa Kicks Off $910 Million IPO in Year’s Biggest for Australia
Online property exchange Torrens Group Holdings Pty and some of its shareholders are looking to raise A$1.18 billion ($910 million) in what would be Australia’s biggest initial public offering of the year, coming after a rocky patch during which three deals were shelved. Torrens, which will be renamed into its brand name Pexa, is issuing about A$216 […]
Amazon agrees deal to buy MGM for $8.45bn
Amazon has agreed to buy MGM, the storied film studios behind James Bond and Rocky, for $8.45bn including debt, propelling media dealmaking so far this year to its highest level since the turn of the century with more than $240bn worth of transactions announced. The ecommerce giant’s deal, its biggest acquisition in the media sector, […]
Frazier Healthcare Partners closes 10th fund on USD1.4bn
Frazier Healthcare Partners has closed Frazier Healthcare Growth Buyout Fund X, its 10th healthcare private equity fund focused on the middle market, a vehicle which was oversubscribed and hit its USD1.4 billion hardcap. The capital came in from new as well as existing limited partners, including public pension funds, financial institutions, foundations and endowments, family offices, […]
Ada Health Raises $90M in Series B Financing
Ada Health GmbH, a Berlin, Germany-based digital health company, raised $90m in Series B funding. The round was led by Leaps by Bayer, the impact investment arm of Bayer AG, with participation from Samsung Catalyst Fund, Vitruvian Partners, Inteligo Bank, F4 and Mutschler Ventures. The company intends to use the funds to advance its health […]
Panda owner in line for €1bn takeover as investors eye sector
Blackstone looking to sell its stake in Beauparc, which owns Panda and Greenstar Waste company, Beauparc Utilities, has attracted takeover approaches from dozens of private equity firms after its minority shareholder, Blackstone, set about putting its stake on the market late last year, according to sources. The approaches may result in an outright purchase of the […]
M&G blasts UDG private equity deal
M&G Investments, the £367bn asset manager, has blasted plans to sell London-listed UDG Healthcare to buyout firm Clayton, Dubilier & Rice, the latest in a series of criticisms of private equity deals by big fund managers. Shareholders are due to vote in June on the £2.8bn all-cash offer to sell UDG, which provides clinical, commercial, communication […]
Dan Gilbert-backed non-public fairness agency Rockbridge closes a $ 345 million fund
Executives at a Detroit private equity firm backed by mortgage mogul and Cleveland Cavaliers owner Dan Gilbert have closed a second fund of nearly $ 350 million to continue to benefit from a strong market for acquisitions. Rockbridge Growth Equity Management LP recently closed the final $ 200 million for its RB Equity Fund II […]
Riverside to sell Greenphire to Thoma Bravo
The Riverside Company, a global private investor focused on the smaller end of the middle market, has signed a definitive agreement to sell Greenphire, a specialist in financial lifecycle management software for clinical trials, to Thoma Bravo, a software focused private equity firm. The pending transaction is expected to close in the second quarter of […]
