MIDOCEAN PARTNERS SELLS MAJORITY STAKE IN THE PLANET GROUP
Private equity firm MidOcean Partners sold its majority investment in The Planet Group, which will now merge with ProPharma Group, a portfolio company of Odyssey Investment Partners. The transaction closed May 26; financial terms and ownership shares were not disclosed. The Planet Group brand will remain and all executives will stay with their existing titles. […]
HarbourVest Global Private Equity posts largest annual NAV increase since launch
HarbourVest Global Private Equity (HVPE) has announced its annual results for the year ended 31 January 2021, during which it has provided NAV per share increase of 30.4% over the financial year – the largest 12-month increase in HVPE’s 13-year history. It says that this compares against a return of 17.4% for its FTSE All-World […]
CPPIB Is Close to Deal for Wireless-Network Firm Mobilitie
Canada Pension Plan Investment Board is nearing a deal to buy U.S. wireless-solutions provider Mobilitie, bolstering its digital-infrastructure investing efforts, according to people with knowledge with the matter. The pension fund has so far outbid other suitors, including private equity firms, for Mobilitie, which bills itself as the largest closely held telecommunications-infrastructure company in the U.S., the […]
Nordic Capital sells remaining Nordnet shares
Nordic Capital has sold its remaining shares in Nordnet, a pan-Nordic digital savings and investments platform. Under Nordic Capital’s ownership, and in close partnership with the founding Öhman Group, Nordnet underwent significant transformative change and now offers a best-in-class customer experience in the digital savings industry with sustainable growth potential. In November 2020, Nordnet was […]
EQT Ventures backs Vev
EQT Ventures has led a EUR5 million seed funding round into Vev – a visual editor for content creators to build and launch interactive websites. Existing investors Sagene Tech Ventures and Skyfall Ventures also participated in the round. Discovered by EQT Ventures’ proprietary AI platform Motherbrain, Vev is EQT Ventures’ first Norwegian investment. Vev creates […]
VTB Capital invests in IVI
VTB Capital has led a $250 million investment round in IVI, a Russian online cinema and streaming service, and is now one of the company’s largest shareholders. Yuri Soloviev, First Deputy President and Chairman of the VTB Management Board, says: “Our country has the largest Internet user base in Europe, which is why digital transformation […]
Mattioli Woods Just Acquires Maven Capital Partners
The deal will allow Maven to leverage the Mattioli Woods partnership to access further capital to help boost growth and will also enhance Maven’s services and capability through access to Mattioli Woods’ advisor and client base as well as expertise in a broader range of products. Separately Mattioli Woods is also acquiring Ludlow Wealth Management, […]
US private equity continues march on the UK with £1 billion of deals
New York’s Siris Capital is taking over Equiniti, the share administrator and payments firm, in a £673 million deal. And Morgan Stanley Infrastructure Partners, an arm of the mighty Wall Street bank, said it is pondering a move for waste management company Augean. Augean shares jumped 45p, 18%, to 294p. That leaves the business valued […]
Post-Brexit listing: Czech payment giant Eurowag planning £1.4bn IPO in London
Private equity firm TA Associates is planning to list Czech Republic-based W.A.G. Payment Solutions, better known as Eurowag, on the London Stock Exchange, two sources told Reuters this evening. If the listing goes ahead, it would be seen by many as a reaffirmation of London’s attractiveness to European companies in the aftermath of Brexit. The transaction […]
Deepbridge secures GBP15m commitment from British Business Investments
Deepbridge Capital, a UK venture capital investment manager, has secured a GBP15 million commitment from British Business Investments, a commercial subsidiary of the British Business Bank, to fund early-stage businesses across the UK. This commitment from British Business Investments’ Regional Angels Programme, which is designed to reduce regional imbalances in access to early stage equity […]
