Sequoia Capital just blew up the VC fund model
Sequoia Capital, one of the world’s oldest and most successful venture capital firms, is forming a single fund to hold all of its U.S. and European investments, including stakes in publicly-traded companies, Axios has learned. Venture capital is the money of innovation, but the industry itself rarely innovates. This is a radical exception. “We think […]
Private equity firm Silver Lake leads $1 billion investment in Thrasio
Thrasio Holdings Inc, which acquires third-party sellers on Amazon.com Inc, said on Monday it had raised $1 billion in a funding round led by private equity firm Silver Lake. Silver Lake, which invests in technology industries, was joined by Thrasio’s largest shareholder Advent International, and existing investors Oaktree Capital Management, Upper90, PEAK6 and Corner Capital. […]
European life sciences investor Sofinnova Partners raises $548m
European venture capital firm Sofinnova Partners has raised €472m, equivalent to $548m, to invest in life sciences startups, the latest in a series of healthcare funds the firm has closed recently. Sofinnova, based in Paris, London and Milan, raised this latest fund, Sofinnova Capital X, to invest in early-stage biotechnology and medical-device companies. In July, […]
Private Equity rivals join forces with € 3.7 billion bid for pet care group Zooplus
Private equity groups Hellman & Friedman and EQT have ended a bidding war for pet food retailer Zooplus with a joint bid that values its equity at € 3.7 billion, in the latest example of the industry paying a huge premium. for buying a listed company. The pair made a final offer of €480 per […]
Carlyle and Pemberton provide debt financing for HIG Capital’s acquisition of Acqua & Sap-one
Global investment firm Carlyle’s Global Credit platform has provided the debt financing package, alongside Pemberton Asset Management, to support the acquisition of Cesar di Barbarossa Enio (Cesar), Gruppo SDA Servizi Distribuzione Associati (SDA) and VDM (VDM) by an affiliate of HIG Capital. The Companies operate under the Acqua & Sapone brand, Italy’s leading non-food discount […]
Pantheon raises $624m for dedicated GP solutions program
Pantheon has held the final close of Pantheon Secondary Opportunities Fund (PSOF), a new program that will exclusively invest in the rapidly evolving market for GP-initiated private equity secondary solutions, with total investor commitments of $624 million, exceeding the initial target. Pantheon has played a market role in structuring and investing GP capital solutions, deploying […]
Credit Suisse and BlackRock launch private equity impact fund focusing on health and wellbeing
Credit Suisse and BlackRock have partnered to build the next generation of purpose-driven investments that aim to provide attractive private equity returns in line with the Credit Suisse Supertrends. This will be the first in a series of investment initiatives created for the private wealth market for eligible individual investors. They will seek to achieve […]
KKR purchases Kobalt Capital’s Fund II Music Rights portfolio for approximately $1.1bn
KKR, together with its co-invest partner, Dundee Partners, the investment office of the Hendel family, has purchased the KMR Music Royalties II portfolio (Fund II) from KCL for approximately $1.1 billion. The Portfolio is comprised primarily of music publishing copyrights for established works and includes a diverse collection of over 62,000 copyrights by highly acclaimed […]
EQT launches €4bn impact-driven longer-hold fund
Building on three decades of future-proofing companies, EQT is launching EQT Future fund, an impact-driven longer-hold fund with a EUR4 billion target size, which will apply EQT’s active ownership model to accelerate sustainable transformation of companies alongside creating attractive risk adjusted returns. The launch of EQT Future comes just days after the announcement of EQT […]
Private Equity Firms White Hat, Magnetar Invest $100M in Comtech
Comtech Telecommunications is receiving a $100 million capital injection that the company said will accelerate growth in its satellite technology, 911 business, and M&A strategy. The company announced Monday that current shareholder White Hat Capital Partners LP and Magnetar Capital are investing $100 million into the company. The firms have agreed to initially purchase $100 million of convertible preferred stock, […]
