Smart home tech firm Plume raises $270 million, now valued at $1.35 billion
Plume, a technology firm that helps improve home WiFi and internet security as everything from coffee machines to door bells go online, said on Tuesday it had raised $270 million from private equity firm Insight Partners, valuing the company at $1.35 billion. Plume’s technology is in over 22 million households around the world, and the […]
Haniel acquires BauWatch from Nordian Capital
Franz Haniel & Cie (Haniel) has acquired 100 per cent of the shares of the European market leader for temporary outdoor security solutions BauWatch from Nordian Capital. BauWatch, headquartered in Apeldoorn (The Netherlands), will be an independent business unit within Haniel’s “People” pillar, which bundles activities in the fields of security, health, and well-being. “We […]
Global Private Equity Partners provides USD 1.8 Billion debt package to Oil Refining Company
Global Private Equity Partners provides USD 1.8 Billion debt package to Oil Refining Company based in Middle East. The Oil Refining Company has signed a debt package of USD 1.8 Billion to finance construction of its second-stage oil refinery in the Middle East area. The refinery will produce over four million tons of refined products per annum […]
Investcorp portfolio company Ageras raises USD73m in new capital
Investcorp Technology Partners’ portfolio company, Ageras Group (Ageras), a provider of recurring revenue-driven accountancy software, solutions and services to both SMEs and accountancy firms, has raised USD73 million from Lugard Road Capital, the US-based alternative asset manager The new investment will be used to accelerate Ageras’ expansion into existing growth markets, creating potential for both […]
TA-backed Backstage acquires StarNow and Mandy Network
Backstage, a freelance marketplace connecting talent and content creators, has acquired StarNow, a New Zealand-based talent platform for actors, models, influencers and musicians; and The Mandy Network, a UK-based talent platform for cast, crew, production services and creative professionals The acquisitions are supported by a significant strategic investment from TA Associates, a leading global growth […]
India’s top court bars final tribunal ruling on Future’s $3.4 billion deal
India’s Supreme Court barred on Monday a final ruling by a tribunal reviewing Future Group’s $3.4 billion sale of retail assets until the top court hears objections from aggrieved partner Amazon.com Inc. The outcome of the tussle involving two of the world’s richest men, Amazon’s Jeff Bezos and Reliance’s Mukesh Ambani, could reshape India’s pandemic-hit […]
SoftBank Vision Fund set for new portfolio champion with Coupang IPO
SoftBank’s $100 billion Vision Fund is poised to have a new number-one asset in its portfolio with the upcoming floatation of top South Korean e-tailer Coupang, furthering a turnaround that has seen the fund yo-yo from huge losses to record profit. The $50 billion target valuation that Reuters reported this month would likely see the […]
Exclusive: S.African upstart bank teams up with JG Summit to expand into Philippines
South African digital bank Tyme has raised $110 million in private capital and linked up with JG Summit, one of the biggest conglomerates in the Philippines, to apply for a local digital bank licence, a top Tyme executive told Reuters. Tyme, majority-owned by South African billionaire Patrice Motsepe, will use most of the money, mainly […]
Creatio raises USD68m in round led by Volition Capital
Creatio, a global software company that provides a low-code platform for process management and CRM, has completed a USD68 million capital raise led by Volition Capital, a US-based growth equity firm investing in high growth companies, with participation from Horizon Capital, a private equity firm investing in Europe The funding is a minority investment to […]
Poland’s PFR Ventures invests EUR75m in four PE funds
PFR Ventures has announced its newest commitment into private equity funds with four investment vehicles receiving EUR75 million in funding from the Polish LP Investor These funds are either global or pan-European and invest worldwide, in the region and locally. With the recent additions, PFR Ventures has committed to seven private equity funds in total. […]
