PE Hub
SEPTEMBER 14, 2023
The sale of Triple Oak would mark the third exit for EnCap Energy Transition I, following Jupiter Power and Broad Reach. The post EnCap-backed Triple Oak Power sale process attracting PE interest, sources say appeared first on PE Hub.
Private Equity Info
SEPTEMBER 14, 2023
The median holding period for private equity-backed portfolio companies is now 5.6 years, the highest value since Private Equity Info started tracking this metric in 2000.
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PE Hub
SEPTEMBER 14, 2023
The sale of Broad Reach to Engie is EnCap Energy Transition's second battery-related exit in past year. The post EnCap Energy Transition finds fuel in battery storage with Broad Reach exit appeared first on PE Hub.
Private Equity Insights
SEPTEMBER 14, 2023
Ashton Thomas Private Wealth, a leading diversified financial advisory firm that specializes in advising affluent individuals and families, foundations, and business entities, announced that it has entered into a definitive agreement to join Arax Investment Partners , RedBird Capital Partners’ wealth management platform company. Terms of the agreement were not disclosed.
PE Hub
SEPTEMBER 14, 2023
New York City-based BGB Group is a healthcare communications company. The post TPG-backed BGB Group acquires healthcare strategy consultancy Kx Advisors appeared first on PE Hub.
Private Equity Insights
SEPTEMBER 14, 2023
With aggressive returns, some of the world’s biggest firms are investing in America’s premier sports leagues. Over a third of the 153 major professional men’s sports teams in the US— those comprising the MLB, MLS, NBA, NFL, and NHL—are partly owned by private equity groups, according to a new report from Pitchbook. The investment research group found that 60 US men’s teams (and 3 Canadian teams in American leagues)—collectively valued at $205.9bn—have ties to private investing grou
Private Equity Central brings together the best content for private equity professionals from the widest variety of industry thought leaders.
Private Equity Insights
SEPTEMBER 14, 2023
CrownRock LP is preparing to explore a sale that could value it at well over $10bn including debt, people familiar with the matter said, in what could be the largest deal for a U.S. oil and gas producer going back at least three years. The private equity-backed company, which is led by Texas billionaire businessman Timothy Dunn, has initiated discussions with investment banks about hiring advisers to run a sale process that will kick off by early 2024, the sources said.
PE Hub
SEPTEMBER 14, 2023
Consortium Brand Partners' co-founder discusses firm's acquisition of Reese Witherspoon's clothing line Draper James. The post Reese Witherspoon’s Draper James ‘brings joy,’ says Consortium Brand Partners founder Cory Baker appeared first on PE Hub.
Private Equity Insights
SEPTEMBER 14, 2023
Round led by T. Rowe Price, joined by new investors Capital One Ventures, Ontario Teachers’ Pension Plan and strategic investor NVIDIA. Databricks, the Data and AI company, today announced its Series I funding, raising over $500m. This funding values the company at $43bn and establishes the price per share at $73.50. The series is led by funds and accounts advised by T.
PE Hub
SEPTEMBER 14, 2023
EverService is a portfolio company of Sunstone Partners. The post Audax Strategic Capital invests in B2B company EverService appeared first on PE Hub.
Private Equity Insights
SEPTEMBER 14, 2023
International private equity firm Cinven today announces that it has agreed to sell Planasa, a global leader in the agri-tech sector, to strategic buyer EW Group, a family-owned international group, with key businesses in genetics, health, diagnostics, nutrition and food. Financial details of the transaction are not disclosed. Headquartered in Valtierra, Spain, Planasa specialises in R&D for the breeding of next-generation berry varieties, including blueberries, blackberries, raspberries and
PE Hub
SEPTEMBER 14, 2023
Gilles Dellaert, global head of Blackstone Insurance, will serve as global head of BXCI and lead the business’s combined operations. The post Blackstone merges credit and insurance groups into new unit appeared first on PE Hub.
Private Equity Insights
SEPTEMBER 14, 2023
Private equity giant Apollo Global Management is among the potential suitors seeking to acquire International Game Technology’s global gaming division, Bloomberg News reported on Wednesday. IGT’s gaming unit could fetch $4bn to $5bn in a sale, including debt, the report said, citing people with knowledge of the matter. “We are still in the process of exploring strategic alternatives for our Global Gaming and PlayDigital segments and can’t comment on rumors or speculatio
PE Hub
SEPTEMBER 14, 2023
The funding will support Youtooz in its launch of new product lines, expanded distribution and new partnerships. The post Decathlon Capital Partners backs consumer product company Youtooz appeared first on PE Hub.
Private Equity Insights
SEPTEMBER 14, 2023
Swiss hospitality company Aman Group has secured $360m from a consortium, including Mubadala Capital, the asset management subsidiary of Abu Dhabi’s Mubadala Investment Company, and Alpha Wave Ventures, a private equity growth fund co-managed by Alpha Wave Global and Chimera Capital. Last August, Saudi Arabia’s sovereign wealth fund, the Public Investment Fund, and London-based investment company Cain International invested $900 million in the Aman Group, which valued the company at $3bn.
PE Hub
SEPTEMBER 14, 2023
Northleaf now manages a total of C$2.4 billion in Canadian private equity investments on behalf of CPP Investments. The post CPP Invests extends partnership with Northleaf via C$200m to Canadian mid-market platform appeared first on PE Hub.
Private Equity Insights
SEPTEMBER 14, 2023
Canada Pension Plan Investment Board and Northleaf Capital Partners today announced that CPP Investments has extended its longstanding private equity investment partnership with Northleaf. CPP Investments has committed C$200m to the Canadian private equity market through an evergreen Canadian mid-market mandate managed by Northleaf. Since the partnership was established in 2006, and with this allocation, Northleaf now manages a total of C$2.4 billion in Canadian private equity investmen
PE Hub
SEPTEMBER 14, 2023
OceanSound has also hired Caroline Weakland as senior associate and Alexander Giolito, Richard Hagestad, Nicholas Iserloth and Isha Kothari as associates. The post OceanSound appoints Hadick as director of compliance and Todd as VP appeared first on PE Hub.
Private Equity Insights
SEPTEMBER 14, 2023
The fresh investment will be made through TPG Growth, the firm’s middle market and growth equity platform, in Denodo’s Series B preferred equity. Data management company Denodo has announced it has raised $336m from global alternative asset management firm TPG. The fresh investment will be made through TPG Growth, the firm’s middle market and growth equity platform, in Denodo’s Series B preferred equity.
PE Hub
SEPTEMBER 14, 2023
Francis joined Branford in 2018 and Yang came on board in 2020. The post Branford promotes Francis to managing director and Yang to principal appeared first on PE Hub.
Private Equity Insights
SEPTEMBER 14, 2023
Verdane Capital XI has closed at its €1.1bn hard cap, almost doubling the size of its predecessor fund which closed at €610m. The oversubscribed Fund received strong support from new and existing investors, including a re-up rate of more than 100%. Verdane will continue to partner with European growth companies, investing thematically in digitalisation and decarbonisation.
PE Hub
SEPTEMBER 14, 2023
Fort Insurance & Group Benefits is an independent insurance brokerage with offices in Westmount, St-Michel and Quebec City. The post Fonds de solidarité FTQ invests in Fort Insurance & Group Benefits appeared first on PE Hub.
Private Equity Insights
SEPTEMBER 14, 2023
Sixth Street Partners-backed Legends Hospitality is in talks with a group of private credit firms led by Ares Management Corp. and KKR & Co. to finance its potential acquisition of venue and events management company ASM Global, according to people with knowledge of the matter. The lender group, which also includes Apollo Global Management Inc. and Oaktree Capital Management, is in discussions to provide a $1.85bn financing package that would help pay for the takeover and refinance existing
PE Hub
SEPTEMBER 14, 2023
The new platform provides solutions to investors, with a particular focus on institutional investors and family offices. The post Apollo invests in Mubadala’s new business strategy appeared first on PE Hub.
Entrepreneur - VC
SEPTEMBER 14, 2023
Airline industry executives are concerned about a persistent air traffic controller shortage causing ongoing travel disruptions. Read more about air travel disruptions, here.
PE Hub
SEPTEMBER 14, 2023
The seller is KKR. The post Francisco Partners and H.I.G. complete buyout of audiobook publisher RBmedia appeared first on PE Hub.
FinSMEs
SEPTEMBER 14, 2023
Caravelo, a Barcelona, Spain-based travel-tech company, raised €3.5M in Series A funding. The round was led by Samaipata with participation from Adara Ventures and other existing investors. The company intends to use the funds to continue the expansion of the team and the development of its platform. Founded in 2015 by Iñaki Uriz and José […] The post Caravelo Raises €3.5M in Series A Funding appeared first on FinSMEs.
PE Hub
SEPTEMBER 14, 2023
A 70% stake in Witherspoon's clothing line marks the inaugural acquisition for Consortium. The post Consortium Brand Partners details big plans for Reese Witherspoon’s Draper James appeared first on PE Hub.
Entrepreneur - VC
SEPTEMBER 14, 2023
Social media offers a level playing field for startups to build their brand presence, but the high competition necessitates a strategic and streamlined social media branding approach.
PE Hub
SEPTEMBER 14, 2023
Learfield's prior equity holders will retain an equity stake in the company. The post Clearlake, Charlesbank and Fortress recap collegiate sports marketing firm Learfield appeared first on PE Hub.
Entrepreneur - VC
SEPTEMBER 14, 2023
Starbucks' former CEO Howard Schultz is stepping down from the chain's board. See details about his net worth and more, plus meet his replacement Wei Zhang.
FinSMEs
SEPTEMBER 14, 2023
Patronus AI, a NYC-based provider of an automated evaluation and security platform that helps companies use large language models (LLMs) safely, launched out of stealth with a $3m in seed funding. The round was led by Lightspeed Venture Partners with participation from Factorial Capital, the CEO of Replit Amjad Masad, Gokul Rajaram and a number of other Fortune 500 executives and […] The post Patronus AI Launches Out of Stealth With $3M in Seed Funding appeared first on FinSMEs.
Entrepreneur - VC
SEPTEMBER 14, 2023
From conquering fear to problem-solving to accepting adversity, these are four ways in which breakthrough physical competitors can teach entrepreneurs to excel.
FinSMEs
SEPTEMBER 14, 2023
Sailes, a Kansas City, MO-based and NYC-based AI startup that developed patent-pending Sailebots to automate all points in the prospecting lifecycle, raised $5.1M in Series A funding. The round, which brought the total amount to $6.6M, was led by Lewis & Clark Ventures, with participation from Acronym Venture Capital, Tenzing Capital, KCRise Fund and Valor […] The post Sailes Raises $5.1M in Series A Funding appeared first on FinSMEs.
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