Colorado startups generate $2.21B in venture capital in 2020
A panel of venture capital firm leaders say Colorado’s startup ecosystem has grown rapidly in the past several years and is in a strong position to capitalize on the coming remote or hybrid work models in a post-COVID world. The panel, which was hosted virtually Wednesday morning by Westminster-based Access Venture Partners, included Costanoa Ventures […]
PE firm Yellow Wood Partners makes five promotions
Yellow Wood Partners, a Boston-based private equity firm focused on investing in consumer brands and companies, has promoted Jennifer Roach Pacini, Andrew Nguyen, and Sarah Mascioli Ensslen to Principal; Payton McVey to Vice President and; Amrutha Mandalap to Senior Associate. Dana Schmaltz, Partner of Yellow Wood Partners, says: “We are excited to distinguish this group […]
JTC acquires INDOS Financial in a deal valued at up to GBP12.5m
JTC, a global provider of fund, corporate and private client services, has acquired INDOS Financial and its subsidiaries (INDOS) for a maximum consideration of GBP12.5 million. The initial consideration is GBP11 million which will be settled in cash GBP10 million and JTC equity GBP1 million. A further GBP1.5 million deferred consideration is available to management […]
Ogier appoints senior partners
Dispute resolution lawyer Rachael Reynolds has been appointed as global senior partner at Ogier. Reynolds has led the Cayman litigation team on some of the largest and highest profile cases in the Cayman Islands over the last decade, including acting for investors in respect of the collapsed Abraaj Group (previously the largest Private Equity structure […]
TDR Capital Is Said to Weigh Exiting $6 Billion Modulaire Group
TDR Capital is weighing a divestment of Modulaire Group, a European designer of modular work spaces, according to people familiar with the matter. The private equity firm has picked Goldman Sachs Group Inc. and Morgan Stanley to advise it on a potential initial public offering or sale of Modulaire, the people said, asking not to […]
Asia’s Family-Owned Firm Founders Seek Private Equity Exit
Credit Suisse expects ‘many-fold’ increase in deals this year. Asia’s family firms are bracing for succession planning. Dealmakers across Asia are busy fielding calls from company founders who are mulling letting go of their life’s work as the Covid-19 pandemic has upended how global business is done. After riding the region’s rise over the past […]
LVMH-Backed L Catterton Plans to Raise $250 Million in Asia SPAC
Private equity firm co-founded by LVMH joins blank-check push. Singapore SPAC will target consumer technology firms in Asia. L Catterton, the $20 billion private equity firm co-founded by LVMH, has lodged confidential filings to launch a special purpose acquisition company that aims to raise about $250 million for targets in Asia, according to people familiar […]
Carlyle raises offer to buy Japan Asia Group to $463 million, tops planned bid by activist fund
Carlyle Group said it would increase its offer for energy and environment services firm Japan Asia Group (JAG) to 48 billion yen ($462.52 million), doubling the per share element and topping the value of a bid an activist fund has said it’s lining up. The global fund, in conjunction with JAG’s Chairman and Chief Executive […]
Can Private Equity Make an Exit in Time?
Hitachi is one case of a conglomerate looking to shed a losing business. But Covid-19 clouds the strategies for potential investors. Private equity firms are circling Japan Inc., looking to carve out parts of large, cumbersome conglomerates. Enticing as the targets are, turning them into returns could be tough. Buyout funds have eyed Japan for […]
Sweden’s Trustly plans $11 billion IPO as digital payments boom
Swedish payments firm Trustly plans to take advantage of a surge in digital transactions in the COVID-19 pandemic with a second-quarter flotation that could value it at up to 9 billion euros ($11 billion), people close to the matter said. The initial public offering (IPO), likely in Stockholm, is one of a number of technology […]
