EQT Private Equity to sell Innovyze
EQT is pleased to announce that EQT Private Equity, through the EQT Mid Market US fund, has agreed to sell Innovyze (“the Company”) to Autodesk (NASDAQ: ADSK) for an Enterprise Value of USD 1,000m ($ 1Bn). Innovyze was established in 1996 to provide wet infrastructure software solutions. In 2017, Innovyze merged with XP Solutions to […]
TPG to boost stake in NewQuest Capital for majority holding
Private equity firm TPG will bump up holding in NewQuest Capital Partners to own a controlling stake in the Hong Kong-based secondaries PE firm, which itself has been looking to increase exposure to India. The transaction is expected to close in the second quarter of the calendar year and is subject to regulatory approvals. Darren […]
NovaQuest invests in Pro-ficiency
NovaQuest Private Equity (NovaQuest) has made a strategic growth equity investment in Pro-ficiency, a provider of tech-enabled training and compliance solutions for clinical trial investigators and site staff Based in Durham, NC, Pro-ficiency provides innovative, virtual simulation training and HR compliance solutions for clinical trials, supported by original content creation and analytics services. Leading pharmaceutical […]
Ant investor Boyu Capital targets $6 billion for new private equity fund
Chinese private equity firm Boyu Capital, an investor in Chinese technology titans including billionaire Jack Ma’s Ant Group, is raising a new, China-focused fund targeting as much as $6 billion, three people with knowledge of the matter said. Its fifth and largest U.S. dollar-denominated fund is likely to close in the near term, said one […]
Blackstone’s Perry says private equity must do more on diversity
Blackstone Group Inc.’s Verdun Perry said the private equity industry needs to step up when it comes to diversifying its ranks and increase the number of places where it seeks out talent. The largest alternative asset manager, which recruited from just nine schools in 2015, now searches for future employees at 44 of them, including […]
Novo Holdings to acquire Altasciences
Novo Holdings A/S, a world-leading life science investor with a focus on long-term, sustainable value creation, today announced that it has agreed to acquire Altasciences from Audax Private Equity. Founded in 1992, Altasciences is a leading, fully-integrated, early drug development services platform, providing the pharma and biotech industries with a trusted partner for drug development, […]
Private equity fund Mid Europa Partners expects one deal in Romania this year
Private equity investment fund Mid Europa Partners has 2-3 investments in the pipeline that it could complete in 2021, one of which is in Romania. “Now that our resilience has been tested and the vaccination process has begun, we are confident in 2021,” says Matthew Strassberg, co-managing partner of Mid Europa Partners, according to Ziarul […]
Grupo Bimbo acquires Chilean bakery firm Alimentos Nutra Bien
Grupo Bimbo has acquired Alimentos Nutra Bien, a Chile-based cakes, cookies and brownies manufacturer. The announcement comes as Bimbo published strong full-year results: net sales were up 7.8% to MXN 288.27 billion ($15.06 billion) and operating income rose 5.9% to MXN 18.51 billion $967 million. Daniel Servitje, Grupo Bimbo CEO, said: “We closed the year […]
AT&T reportedly nearing deal to sell TPG a major stake in DirecTV
AT&T Inc. is nearing a deal to sell a significant stake in DirecTV to private equity firm TPG, marking a long-sought exit from the struggles of managing a declining satellite TV business. A deal would value DirecTV at about $15 billion, according to people with knowledge of the matter. That’s a fraction of the $48.5 […]
Partners Group acquires water infrastructure platform Resilient Infrastructure Group
Partners Group, a global private markets firm, has acquired Resilient Infrastructure Group (Resilient), a water infrastructure platform focused on acquiring, developing, financing and operating distributed water-related facilities in the US and Canada The acquisition is a lead direct investment for Partners Group, acting on behalf of its clients. Financial terms of the transaction were not […]
