Rise Fund led consortium invests in Hg controlled Benevity
Benevity, Inc., a leading provider of global corporate purpose software, today announced that The Rise Fund and Generation Investment Management (Generation) have joined Hg in support of Benevity’s mission to power purpose-driven businesses. Hg, a leading global software investor, became a majority investor in Benevity in December 2020 and is bringing The Rise Fund and […]
CYE Raises $100 million in Funding Round To Boost Expansion Plans
Cybersecurity firm CYE has raised more than $100 million in a financing round, led by the global investment organisation EQT Private Equity, with participation from existing investor 83North. Founded in 2012 and headquartered in Israel – with offices in the US and UK – CYE counts Investec Bank, UBS and Swiss payment app TWINT among its clients. CYE’s solutions […]
TH Lee Is Said to Mull $3 Billion Material Handling Systems Sale
Buyout firm Thomas H. Lee Partners is considering a sale of Material Handling Systems Inc. that could value the logistics company at about $3 billion, according to people familiar with the matter. The Boston-based private equity firm is working with advisers to examine strategic options for the company, known as MHS, said the people, who […]
Activist Elliott Seeks $1.5 Billion in Two Blank-Check Listings
Activist investor Elliott Management Corp. filed on Friday to set up two special purpose acquisition companies raising a combined $1.5 billion. Elliott Opportunity I Corp. is seeking to raise $1 billion, while Elliott Opportunity II Corp. is targeting $500 million, documents filed with the U.S. Securities and Exchange Commission show. Both of the blank-check firms […]
Hobsons’ Higher Ed Business Split and Sold in Separate Deals Totaling $410M
Hobsons, which offers a suite of software for college and career planning, admissions and enrollment, and student success and advising, will be broken up and sold in a pair of transactions totaling approximately $410 million. The company’s owner, the Daily Mail and General Trust (DMGT, which is also the publisher of the British newspaper Daily […]
Second City Acquired By Private Equity Firm, ZMC
The popular Chicago-based comedy group, The Second City, often known as simply Second City, has been bought by Strauss Zelnick’s private equity firm, ZMC. The Financial Times reported that the deal could be for as much as $50 million. The popular Chicago comedy staple has long been seen as a talent feeder to Saturday Night […]
India Tech shifts gears from Venture Capital to Growth Stage Private Equity
Private equity investors have been attracted to the scalability potential of the region’s internet economy, expected to triple from its 2019 level to US$ 300 billion by 2025 on the back of secular trends such as democratization of the internet, transition to a digital economy and the globalization of innovation. The Covid-19 pandemic has acted […]
Ariel Investments and JPMorgan to invest in minority-owned companies
Ariel Investments, the asset manager founded by value investor John Rogers, is joining JPMorgan Chase in a strategic initiative aimed at turning minority-owned businesses into multibillion-dollar companies. The fund will be the first for a private equity arm being launched by the asset manager, called Ariel Alternatives. Acting as a co-investor, JPMorgan is making a […]
Providence leads race to buy £300m IT group Node4
The buyout giant Providence Equity Partners is leading a £300m race to buy Node4, one of Britain’s army of fast-growing IT services providers, in a deal that will net another big windfall for its founder. It would be the latest in a series of so-called pass-the-parcel deals involving assets being sold by one buyout firm […]
JPMorgan Says PE Deals to Spur Junk-Bond Craze in Europe
JPMorgan Chase & Co. says the leveraged-debt markets in the EMEA region will get a boost this year from a spate of private-equity deals and investors’ clamor for higher yields. Ben Thompson and Daniel Rudnicki Schlumberger, co-heads of the leveraged-finance team for Europe, Middle East and Africa, point to 300 billion euros ($364 billion) of […]
