FVLCRUM snaps up tech systems integrator AITC
PE Hub
OCTOBER 19, 2023
Womble Bond Dickinson served as legal counsel to FVLCRUM on the transaction. The post FVLCRUM snaps up tech systems integrator AITC appeared first on PE Hub.
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Quadria Capital Raises $500m for Third Healthcare Fund
Private Equity Insights
OCTOBER 19, 2023
Singapore- and New Delhi-based private equity firm Quadria Capital has marked the first close of its third investment vehicle. The healthcare-focussed investor hit the close at approximately 60% of the base amount of $800m, it said in a statement on Wednesday. Quadria has a hard cap of $1bn for this vehicle. It has raised about $480-$500m so far. It had received commitments from both existing and new investors that include institutional investors, insurance and pension funds, development finance
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LMP invests in medical billing service ACU-Serve
PE Hub
OCTOBER 19, 2023
Jim Knight, founder and CEO of ACU-Serve, will continue to lead ACU-Serve. The post LMP invests in medical billing service ACU-Serve appeared first on PE Hub.
EQT explores $2.1bn sale of data management firm Rimes
Private Equity Insights
OCTOBER 19, 2023
EQT AB has chosen Evercore Inc. to help with a potential sale of data management company Rimes Technologies, people with knowledge of the matter said. The Swedish investment firm and its adviser are working to gauge interest in Rimes, which could be valued at as much as $2.1bn, according to the people. A formal sale process could kick off early next year, they said.
Hildred Capital-backed SportsMed buys Mountainside Wellness
PE Hub
OCTOBER 19, 2023
SportsMed is a provider of physical therapy, chiropractic, acupuncture and occupational therapy services. The post Hildred Capital-backed SportsMed buys Mountainside Wellness appeared first on PE Hub.
Blackstone, Brookfield,KKR & Antin Vie for Partners Group $9.5bn Stake in Techem
Private Equity Insights
OCTOBER 19, 2023
Brookfield Infrastructure Partners and Antin Infrastructure Partners are among several bidders vying for a stake in German metering firm Techem, four people familiar with the matter told Reuters. Private equity fund Partners Group wants to sell its majority stake for as much as $9.50bn, but offers may be closer to 7bn euros, the people said, speaking on condition of anonymity.
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Providence Equity Partners Invests in Populous, Architect Behind Spurs and Arsenal Stadiums
Private Equity Insights
OCTOBER 19, 2023
A US private equity firm has taken a stake in Populous, the architect behind a string of new stadia for Premier League clubs including Arsenal and Tottenham Hotspur. The firm, which is also behind a £300m plan to extend Manchester City’s Etihad ground, set to be built by Sisk after Laing O’Rourke failed to agree a price , said Rhode Island-based Providence Equity Partners had acquired a “strategic minority investment” in the business.
Kensington Capital-backed Minus Global acquires Future Waste
PE Hub
OCTOBER 19, 2023
Future Waste is a food and liquid waste management company based in Drumbo, Ontario. The post Kensington Capital-backed Minus Global acquires Future Waste appeared first on PE Hub.
Pfingsten Partners Closes Oversubscribed Fund VI at $435m
Private Equity Insights
OCTOBER 19, 2023
Pfingsten is pleased to announce the closing of its sixth investment fund, Pfingsten Fund VI, with total capital commitments of $435m , surpassing its $350m target. Fund VI secured limited partner commitments from a diversified global investor base of family offices, endowments, foundations, consultants, asset managers, insurance companies and high-net-worth individuals, including 25 former portfolio company executives and family-founder partners.
Consello Capital acquires legal tech firm ProSearch
PE Hub
OCTOBER 19, 2023
The transaction marks the first investment for Consello Capital. The post Consello Capital acquires legal tech firm ProSearch appeared first on PE Hub.
Bain Capital, CVC, and DCP Battle RGE for $3bn Tissue Maker Vinda
Private Equity Insights
OCTOBER 19, 2023
Royal Golden Eagle (RGE), a Singapore-headquartered group owned by Indonesian billionaire Sukanto Tanoto, is considering an offer for tissue maker Vinda International, Bloomberg reported on Thursday, citing people with knowledge of the matter. The sale process has drawn bidders including Brazilian pulp maker Suzano and private equity firms Bain Capital, CVC Capital Partners and DCP Capital.
MPE Partners invests in fasteners manufacturer Mid-States
PE Hub
OCTOBER 19, 2023
Mid-States was founded in 1973. The post MPE Partners invests in fasteners manufacturer Mid-States appeared first on PE Hub.
Butterfly Equity-Backed Qdoba to Raise $325m in Securitization to Refine Capital Structure
Private Equity Insights
OCTOBER 19, 2023
Mexican fast food chain Qdoba Restaurant Corp. is looking to raise $325m to refinance debt by pledging its franchise agreements and other assets, opting for a funding tool that’s dropped in popularity this year. The San Diego-based company, owned by private equity firm Butterfly Equity, is working to finalize its first whole business securitization.
Consello in deal debut; Vista invests in aPriori; Godspeed’s Douglas Lake on behavioral healthcare
PE Hub
OCTOBER 19, 2023
Consello Capital picks up legal tech firm in inaugural acquisition. The post Consello in deal debut; Vista invests in aPriori; Godspeed’s Douglas Lake on behavioral healthcare appeared first on PE Hub.
Neuberger Berman to Manage £626m Private Equity Portfolio for Brunel
Private Equity Insights
OCTOBER 19, 2023
Brunel Pension Partnership, one of the eight Local Government Pension Scheme (LGPS) pools, has launched its third cycle private equity portfolio, which has £626m of capital to commit. The pension pool, which manages £38bn of investments, has selected Neuberger Berman to manage the vehicle named NB Clifton Private Equity III. According to Brunel, Neuberger will help Brunel invest most of the capital in third-party primary funds, with opportunistic secondaries and co-investments made through Neub
Bernhard Capital-backed Environmental Systems Group scoops up ELOS Environmental
PE Hub
OCTOBER 19, 2023
Environmental Systems Group is a provider of environmental service solutions. The post Bernhard Capital-backed Environmental Systems Group scoops up ELOS Environmental appeared first on PE Hub.
What Else Might be Driving Sentiment?
The Big Picture
OCTOBER 19, 2023
One of my favorite responsibilities as chief investment officer at Ritholtz Wealth Management is the quarterly conference call I do for our clients. I run through 30 charts in 30 minutes that explain where we are in the economic cycle, what markets are doing, and what it means to their portfolios. I like to finish with a thought-provoking, often “investing-adjacent” idea they might not have previously considered.
European investment giant Ardian opens office in Montreal
PE Hub
OCTOBER 19, 2023
Frédérick Castonguay will lead Ardian's team in Montréal. The post European investment giant Ardian opens office in Montreal appeared first on PE Hub.
Skoon Energy Raises $5.6M in Series A Funding
FinSMEs
OCTOBER 19, 2023
Skoon Energy, a Rotterdam, the Netherlands-based provider of an AI-powered software platform for clean mobile energy, raised $5.6M in Series A funding. The round was led by Blue Bear Capital, with participation from Graduate Entrepreneur Fund. The Series A round follows investments by Kees Koolen, early investor and CEO of Booking.com and former COO of […] The post Skoon Energy Raises $5.6M in Series A Funding appeared first on FinSMEs.
Manfacturing insights platform aPriori lands investment from Vista Credit Partners
PE Hub
OCTOBER 19, 2023
The funding will be used for aPriori's growth. The post Manfacturing insights platform aPriori lands investment from Vista Credit Partners appeared first on PE Hub.
Cosmos Innovation Raises $19.7M in Funding
FinSMEs
OCTOBER 19, 2023
Cosmos Innovation, a Singapore-based AI-first company building next-generation perovskite silicon tandem (PST) solar cell technology, raised $19.7m in Series A funding. The round was led by Xora Innovation, with participation from Innovation Endeavors, Two Sigma Ventures, DeepMind CEO Demis Hassabis, MIT professor Tomaso Poggio, a founder of computational neuroscience, Richard Socher, a natural language processing (NLP) researcher, CEO of You.com and managing […] The post Cosmos Innovation
Bluestone taps Phillips as exec partner
PE Hub
OCTOBER 19, 2023
Phillips is a former president and CEO of ManTech. The post Bluestone taps Phillips as exec partner appeared first on PE Hub.
Blackstone Reports Third Quarter 2023 Earnings Results
Blackstone News
OCTOBER 19, 2023
NEW YORK – October 19, 2023 – To view the full report please click the following link – Blackstone’s Third Quarter 2023 results. Blackstone will host its third quarter 2023 investor conference call via public webcast on October 19, 2023 at 9:00 a.m. ET. To register and listen to the call, please use the following link here. For those unable to listen to the live broadcast, there will be a webcast replay on the Shareholders section of Blackstone’s website at [link] beginning about two hours after
Godspeed: Growing demand for behavioral health services drives building projects
PE Hub
OCTOBER 19, 2023
Godspeed announced an investment in Stengel Hill Architecture, which specializes in healthcare facilities, earlier in the week. The post Godspeed: Growing demand for behavioral health services drives building projects appeared first on PE Hub.
Bad Returns in the Market Aren’t Always Bad
A Wealth of Common Sense
OCTOBER 19, 2023
The tax man Bill Sweet joined me on today’s show again to answer questions about expected returns in the stock market, changing income brackets and your finances, getting a late start on tax-deferred savings and borrowing from your portfolio. The post Bad Returns in the Market Aren’t Always Bad appeared first on A Wealth of Common Sense.
Don’t Forget that Medicare Open Enrollment is Here!
Integrity Financial Planning
OCTOBER 19, 2023
From October 15 to December 7, Medicare has an open enrollment period. [1] This is the time when you can change your health plan and prescription drug coverage to adapt to your needs. [1] Every year, there are changes to Medicare health plans and networks, so make sure that you know if your coverage is changing. [1] If your coverage stays the same and you feel like it’s working for you, then you don’t have to do anything during the open enrollment period!
BaltCap launches €200m successor infrastructure fund
Private Equity Wire
OCTOBER 19, 2023
BaltCap, one of the largest private equity fund managers in the Baltics, has held the first closing of its €200m target BaltCap Infrastructure Fund II (BInF II), a 20-year successor fund focused on renewable energy generation and energy demand reduction. The fund, which is an Article 9 fund under the EU Sustainable Finance Disclosure Regulation, will also target investment in transport infrastructure in the Baltics and Poland.
Why big-name megafunds are saving private equity fundraising in Europe
AltAssets
OCTOBER 19, 2023
European private equity fundraising is being buoyed by the industry's megafunds as capital raising numbers mount a recovery from 2022's lows, new research shows. The post Why big-name megafunds are saving private equity fundraising in Europe first appeared on AltAssets Private Equity News.
Stone-Goff appoints Vice President, Head of Business Development
Private Equity Wire
OCTOBER 19, 2023
Stone-Goff Partners (Stone-Goff), a growth-oriented private equity firm focused on technology-driven B2B service companies, has appointed Allen Fozzard as Vice President, Head of Business Development. Fozzard will be responsible for leading SGP’s origination efforts focused on investment opportunities. Before joining Stone-Goff, Fozzard was part of the Business Development team at Symphony Technology Group with prior experience as an Associate at Valesco Industries, Inc and as an Analyst at JPMo
Sustainability-focused energy investor Veriten has closed its debut fundraise
AltAssets
OCTOBER 19, 2023
Veriten, a sustainability-focused energy research and investing firm, has scored an $85m final close for its debut fundraise. The post Sustainability-focused energy investor Veriten has closed its debut fundraise first appeared on AltAssets Private Equity News.
I Squared on-track to acquire Arriva from Deutsche Bahn
Private Equity Wire
OCTOBER 19, 2023
I Squared Capital, a global infrastructure investment manager, has agreed a deal to acquire Arriva Group, including all of its operating businesses across 10 European markets, from Deutsche Bahn. The transaction is expected to complete in 2024, subject to customary closing conditions, including the approval of the DB Supervisory Board and the Federal Ministry for Digital and Transport of the Federal Republic of Germany.
Longpoint continues logistical modernisation strategy, raises almost $1bn for third fund
AltAssets
OCTOBER 19, 2023
Boston-based real estate investment firm Longpoint has raised almost $1bn for its third fund, well above its original $750m target. The post Longpoint continues logistical modernisation strategy, raises almost $1bn for third fund first appeared on AltAssets Private Equity News.
Jim Ratcliffe and the uphill task to transform Manchester United
Financial Times M&A
OCTOBER 19, 2023
Ineos founder looks to secure minority stake in club and take control of football decisions as unconventional deal nears
AltAssets private equity deal roundup – October 19, 2023
AltAssets
OCTOBER 19, 2023
KKR has completed its almost $1.8bn take-private deal for Circor, a major global provider of mission critical flow control products and services for the industrial, aerospace and defense markets. KKR paid $56 per share for the business, just below a rival $57 per share offered by fellow private equity house Arcline. Circor has been delisted […] The post AltAssets private equity deal roundup – October 19, 2023 first appeared on AltAssets Private Equity News.
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