EQT Is in Talks For Stake in Storable at $2 Billion Value
European private equity firm EQT AB announced it would buy a majority stake in Storable in a deal that people familiar with the matter said valued the U.S. software maker at roughly $2 billion, including debt. An announcement Wednesday confirmed an earlier Bloomberg report. Cove Hill Partners, Storable’s private equity owner, will retain a minority stake in the Austin, Texas-based company, which […]
Germany to Buy 25% Hensoldt Stake From KKR, Reuters Reports
The German government will buy a 25.1% stake in defense supplier Hensoldt AG from KKR & Co. for 464 million euros ($562 million), Reuters reported Saturday, citing people familiar with the matter. The purchase is intended to prevent a foreign buyer from taking control of Hensoldt, according to the report. KKR retained a stake of more than […]
Shadow capital stabilised South-east Asia private equity in 2020: report
SOUTH-EAST Asian private equity (PE) deal value fell by over 50 per cent year on year in the first three quarters of 2020 and the brakes were slammed on exits, amid Covid-19 uncertainty. This comes on the back of a thriving 2019 for the region’s PE and venture capital (VC) scene, which clocked US$12 billion […]
Third of low-carbon funds invest in oil and gas stocks
Analysis highlights potential mismatch between investor expectations of green funds and reality A third of climate funds sold in the UK are invested in oil and gas companies, according to research that highlights concerns that investors could be misled by sustainable investment products. The analysis by leftwing think-tank Common Wealth also found that low-carbon funds […]
Gaurav Trehan to head KKR India’s Private Equity business
Sanjay Nayar will take up a new role as chairman of KKR India with effect from December 31. KKR, the global investment firm has announced that Sanjay Nayar, CEO of KKR India, will take up a new role as chairman of KKR India, effective 31, December 2020 and Gaurav Trehan will head its Private Equity […]
Thoma Bravo to Buy Software Firm RealPage for $9.6 Billion
RealPage Inc.’s shares surged as much as 32% after private equity giant Thoma Bravo agreed to buy out the real estate software maker for $9.6 billion. Thoma Bravo is offering investors $88.75 in cash for each share of RealPage, the companies said in a statement on Monday. The transaction represents a 31% premium to the company’s closing […]
HGGC SET TO ACQUIRE SPECIALIST RISK GROUP
Leading Middle-Market Private Equity Firm Builds on Global Insurance Presence with Fast-Growing Specialist Broker LONDON AND PALO ALTO, Calif.—21 December 2020—Specialist Risk Group (“SRG”), a fast-growing specialist insurance broker, today announced that it has signed a definitive agreement to be acquired by leading middle-market private equity firm HGGC. SRG’s management team will invest alongside HGGC […]
Italian pension fund hands Schroders €100m PE fund of funds mandate
Italian pension fund for psychologists, L’Ente Nazionale di Previdenza e Assistenza per gli Psicologi (Enpap), has assigned private equity mandate to Schroders. The asset manager’s real assets subsidiary Schroders Adveq will run a €100m fund of funds strategy for the institutional investor. The investment team is led by senior investment director Richard Damming. The mandate […]
Italian pension fund hands Schroders €100m PE fund of funds mandate
Italian pension fund for psychologists, L’Ente Nazionale di Previdenza e Assistenza per gli Psicologi (Enpap), has assigned private equity mandate to Schroders. The asset manager’s real assets subsidiary Schroders Adveq will run a €100m fund of funds strategy for the institutional investor. The investment team is led by senior investment director Richard Damming. The mandate […]
KKR Releases 2021 Global Macro Outlook
NEW YORK–(BUSINESS WIRE)– KKR today released its 2021 Global Macro Outlook piece by Henry McVey, Head of Global Macro and Asset Allocation (GMAA). In “Another Voice,” McVey outlines his team’s perspective on why we are entering a new period of heightened economic growth that will create significant potential investment opportunities. In McVey’s view, several forces at […]
