Private Equity Wire Newsletter

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NEWSLETTER | 13 Oct 2020

Tue | 13 Oct 2020, 12:19

Cebile Capital, the global secondaries advisor and placement agent, has closed a GP-led Continuation Vehicle process for two of Method Advisors’ fund-of-funds vehicles.

Tue | 13 Oct 2020, 12:19

Though external economic headwinds due to the coronavirus pandemic persisted in the third quarter, venture capital (VC) exit activity saw a major uptick, achieving the second highest exit values on record, according to the PitchBook-NVCA Venture Monitor, a quarterly report on VC activity jointly produced by PitchBook and the National Venture Capital Association (NVCA).

Private funds on the Irish horizon

Tue | 13 Oct 2020, 12:19

The Irish funds industry may have some catching up to do in the private funds space, but as the government gears up to introduce a refreshed Investment Limited Partnerships Act, the jurisdiction is expected to see an influx of managers from the UK, the US and further afield choosing to set up their private funds in Ireland.

Tue | 13 Oct 2020, 12:19

Brazil-based API communication platform Take Blip has completed a USD100 million Series A funding round led by Warbuirg Pincus.

Accurics raises USD20m venture funding

Tue | 13 Oct 2020, 12:19

Cloud cyber resilience specialist Accurics, has raised USD20 million across seed and series A financing in the past six months.

Tue | 13 Oct 2020, 12:19

Actis has entered into agreements to acquire a controlling interest in Octotel, a fibre-to-the-home operator in South Africa for an enterprise value of ZAR2.3 billion (USD140 million).

Tue | 13 Oct 2020, 12:19

DLA Piper has advised Prime Capital AG, an independent asset manager and financial services provider, and Enlight Renewable Energy (Enlight), the Tel-Aviv-listed independent power producer, on a co-investment in the ready-to-build Björnberget wind park project in central Sweden.

Tue | 13 Oct 2020, 12:19

Abivax, a clinical-stage biotechnology company harnessing the immune system to develop treatments for inflammatory diseases, viral diseases and cancer, has obtained a EUR15 million non-dilutive debt financing from Kreos Capital, with an additional EUR5 million to be decided before 2020 year-end.

Tue | 13 Oct 2020, 12:19

Independent cyber security business Adarma has enjoyed a record year, with revenues rising 27 per cent to GBP41 million.

GoGet raises USD2m in Series A funding round led by Monk’s Hill Ventures

Tue | 13 Oct 2020, 12:19

GoGet, an on-demand workforce and job platform based in Malaysia, has closed a Series A round of USD2 million led by Monk’s Hill Ventures.

Tue | 13 Oct 2020, 12:19

UK private equity Buy & Build specialist, Sovereign Capital Partners' portfolio company Premier Park, a provider of car park management solutions, has acquired ParkWatch.

Tue | 13 Oct 2020, 12:19

Spendesk, a spend management platform for SMBs, has raised USD18 million in addition to its Series B round last year (USD38 million).

Tue | 13 Oct 2020, 12:19

GG Group (Gebauer & Griller) is strengthening its strategic orientation by de-merging and selling its Elevator Division Geba Cables to mid-cap Investor Lafayette Mittelstand Capital.

Tue | 13 Oct 2020, 12:19

Bluegem Capital Partners, a European mid-market fund focused on consumer brands, has acquired, through its subsidiary Pool Service, Panzeri Diffusion, an Italian group active in the professional haircare sector.

HIG Capital acquires Hart & Cooley

Tue | 13 Oct 2020, 12:19

An affiliate of HIG Capital (HIG) has acquired Hart & Cooley, a subsidiary of Johnson Controls International, and a manufacturer of HVAC and air distribution products, including vents, grilles, registers, diffusers, and rooftop and chimney products.

Tue | 13 Oct 2020, 12:19

Guru Capital has closed its acquisition of London based ETX Capital, a provider of multi-asset CFD products, from UK private equity firm, JRJ Group.

Tue | 13 Oct 2020, 12:19

MJ Hudson has advised Kindred Capital, early stage venture capital firm, on the establishment of a venture capital fund in Luxembourg which will focus on investments in a diversified selection of high-potential early stage technology start-ups in the UK and Europe.

Tue | 13 Oct 2020, 12:19

Octopus Ventures, has launched a specialist consumer team and scaled up of its wider portfolio team by 45 per cent with nine new hires.

The ID Register names new Chairman

Tue | 13 Oct 2020, 12:19

The ID Register, a hub for investor onboarding, has appointed Stuart Layzell as Chairman.

Värde Partners appoints President and Deputy CEO

Tue | 13 Oct 2020, 12:19

Värde Partners, a global alternative investment firm, has promoted Jon Fox to the role of President and Andy Lenk to the role of Deputy CEO, effective immediately.