Da Vinci Capital signs deal with tech expert
Technology expert Vahan Vardanian has inked an agreement to assist emerging markets private equity firm Da Vinci Capital with developing the firm’s pipeline of portfolio companies in the Commonwealth of Independent States (CIS), primarily Armenia and Georgia. Vardanian has over 25 years of experience in the digital technology, financial technology, retail and market infrastructure industries. […]
Germany’s Sunfire receives fresh investment for electrolyser production
Germany’s Sunfire, a Dresden-based clean technology company, on Monday said it has secured 109 million euros ($126 million) of funding to boost its role in fast expanding markets for green hydrogen derived from renewable sources like wind or solar. Sunfire, a manufacturer of electrolysis plants, whose shareholders include Total and Neste (NESTE.HE), said the money was […]
SWEN Capital Partners launches private-banking focused infrastructure fund
SWEN Capital Partners, a specialist sustainable private equity, is offering privileged access to the infrastructure asset class, generally reserved for institutional investors, with the launch of SWEN Exclusive Infrastructures. This SPF (Specialized Professional Fund) is aimed at sophisticated investors, with a minimum subscription commitment of €200k. SWEN Capital Partners has chosen to expand access to […]
Italy’s Nexi moves to close SIA takeover after antitrust green light
Nexi (NEXII.MI) said its acquisition of smaller rival SIA to create an Italian payments champion will be completed “as soon as practicable” after Italy’s antitrust authority gave a conditional green light to the deal. The competition watchdog gave the approval on Thursday, after last month saying it had opened an investigation into the merger due to […]
Foreside bolsters private fund practice for hedge funds, private equity firms and digital asset managers
Foreside Financial Group, LLC (Foreside), a provider of governance, risk management, and compliance (GRC) solutions and technology offerings to clients in the global asset and wealth management industry, has bolstered its private funds practice. This includes an expansion of dedicated personnel, enhancements to its technology platform, as well as the launch of a sub-practice dedicated […]
CIBC launches $450m fund focused on VC and growth equity funds
CIBC has created a $450 million fund dedicated to investing in key Canadian and US-based venture capital and growth equity funds. “As CIBC continues to deepen relationships with highly successful investors in the North American tech, life science and clean tech sectors, dedicating a new pool of capital to invest in our core fund sponsor […]
TA Associates to acquire a significant stake in Partners Group-owned Foncia
Partners Group, global private markets firm, is expanding the shareholder base of Foncia, a provider of residential property management services in Europe. Incoming shareholder TA Associates has agreed to acquire a 25 % stake in the business, while Partners Group will continue to hold a majority stake in the Company on behalf of its clients. […]
KKR’s Bae, Nuttall succeed Kravis, Roberts as co-CEOs
KKR & Co Inc said on Monday it has elevated its co-presidents Scott Nuttall and Joseph Bae to co-chief executive officers, succeeding the storied private equity firm’s billionaire co-founders Henry Kravis and George Roberts. The transition has been in the works for years and is unlikely to surprise the firm’s investors. KKR had named Bae, […]
Coty Sells 9% Stake in Wella to KKR in $426.5 Million Deal
Coty Inc. has announced its intent to will sell roughly 9% of its stake in German hair care company Wella to private equity company KKR. The $426.5 million deal will give the multinational beauty company nearly half of its shares, owned by KKR. The deal will result in a 30.6% dip in Coty’s share in Wella, or $1.38 billion. […]
Ropes & Gray advises TPG in acquisition of majority stake in Nintex
Ropes & Gray has advised TPG Capital, the private equity platform of alternative asset firm TPG, in its acquisition of a majority stake in Nintex from Thoma Bravo. The transaction is expected to be completed by the end of 2021. Terms of the transaction, which was announced on 5 October, have not been disclosed. TPG […]
