Bregal Sagemount holds final close of Fund IV at $2.5B hard cap
Bregal Sagemount (Sagemount), a growth-focused private equity firm, has held the final closing of the Bregal Sagemount Fund IV (Fund IV) at its hard cap of $2.5 billion, 66% larger than its prior fund. Fund IV will continue the investment strategy Sagemount has pursued since inception in 2012, providing flexible, solution-oriented capital to durable growth […]
The Carlyle Group acquires majority stake in Garnica for €500m
The Carlyle Group has acquired a majority stake in Spain-based plywood manufacturer Garnica from Intermediate Capital Group (ICG) and certain shareholders in a €500 million deal. The transactions sees ICG exit the company, while the Garnica family will reinvest part of the money obtained and retain, along with the management team, a meaningful stake in […]
Lionel Messi launches investment firm targeting Sports and Tech
Soccer superstar Lionel Messi is creating a holding company to invest in sports, media and technology globally. Based in San Francisco, Play Time Sports-Tech HoldCo LLC will be Messi’s main investment vehicle, according to a statement. The company will explore “stage agnostic” opportunities that could include, for example, helping startup founders build football-tech companies or […]
Macroeconomic and geopolitical challenges see Q3 global VC investment dip below $100B, says KPMG report
Global VC investment is likely to continue to fall throughout the final quarter of 2022 as Q3 sees the third consecutive drop in deals and funding value, according to the Q3 2022 edition of Venture Pulse – a quarterly report, published by KPMG Private Enterprise. The report, which analyses key VC deals and trends globally, […]
Vista Equity Partners exits Ping Identity following $2.8B sale to Thoma Bravo
Vista Equity Partners (Vista), a global investment firm focused exclusively on enterprise software, data and technology-enabled businesses, has exited its investment in Ping Identity, the intelligent identity solution for the enterprise and a Vista portfolio company since 2016, following the completion of the previously announced acquisition of the company by Thoma Bravo for $2.8 billion. […]
CVC and Nordic Capital complete acquisition of Cary Group
CVC Fund VIII and Nordic Capital have completed the acquisition and delisting from Nasdaq Stockholm of Cary Group, a European vehicle glass repair and replacement service provider. CVC and Nordic Capital see a great opportunity across the fragmented European market for Cary Group to expedite its expansion and by staying at the forefront of digitalisation […]
Hellman & Friedman’s Cordis acquires Medalliance in $1.135B deal
Cordis, which was acquired by H&F in August 2021, is to make an initial $35 million investment and provide an upfront payment of $200 million at closing in 2023. Achieving regulatory milestones will trigger a $125 million payment and commercial achievements through to 2029 are tied to an additional $775 million. Cordis, which formerly owned […]
BlackRock creates Transition Capital unit to tap climate opportunities
BlackRock, the world’s biggest asset manager, has set up a unit called Transition Capital to invest in opportunities linked to the global shift to a low-carbon economy, a memo to staff seen by Reuters showed. BlackRock, which manages around $8 trillion in assets, said Transition Capital would work with portfolio managers and BlackRock’s capital markets […]
KKR to push further into Japan as yen hovers at 32-year low
Buyout group expects Tokyo business reforms to bolster company profits US private equity group KKR plans to boost its exposure to Japan, taking advantage of low corporate valuations and weakness in the yen to increase its investment in the country. The New York-based investor, which manages nearly $500bn in assets including a $15bn Asian private […]
Enel to sell stake in its grid services unit to CVC
Italy’s biggest utility Enel is in advanced talks to sell a stake in its grid services unit to private equity firm CVC in a deal that could be signed in the next few days. CVC, which you can meet the Italy Private Equity Conference May 2023, would buy a stake of 50% in Enel’s Gridspertise […]
