PE Tech Report

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Hg, a private investment firm focused on European and transatlantic software and services businesses, has made a significant investment in CUBE, a specialist in automated regulatory intelligence and regulatory change management technology.
Private equity major Apollo Global Management has made an $11bn offer to acquire Paramount Global’s Hollywood studio, Paramount Pictures, according to a report by Reuters citing an unnamed person with knowledge of the matter.
Middle-market private equity and credit investment firm Comvest Partners has closed its sixth flagship private equity fund, Comvest Investment Partners VI, with total capital commitments of $881m. 
Akin has appointed Bill Brady as Partner in the firm’s special situations & private credit practice in New York. Brady joins from rival firm Paul Hastings, where he led the alternative lender and private credit group.
Global multi-stage investment firm B Capital has closed its later-stage venture investments vehicle Opportunities Fund II with capital commitments of $750m, nearly doubling the size of its predecessor B Capital Opportunities Fund I. 
Investment manager Barings has filed a lawsuit against Corinthia Global Management and former employees Ian Fowler and Kelsey Tucker after the Nomura Holdings-backed private credit asset manager recruited over 20 employees from Barings in recent years, according to a report by Bloomberg.
Kester Capital, a UK lower mid-market private equity firm, has held the final close of its latest fund, Kester Capital III, which was oversubscribed, at its hard cap of £200m, significantly in excess of its original £150m target.
Global private equity firm Carlyle Group is closing in on a deal to acquire a majority stake in Thyssenkrupp’s Marine Systems business at a value of about €1.5bn ($1.6bn) including debt, according to a report by Bloomberg.
Private equity firms KKR & Co and Blackstone and hedge fund major Citadel are discussing ways to deal with the US Securities and Exchange Commission’s crackdown on the financial industry’s use of disappearing messaging apps like WhatsApp, Telegram and Signal, according to a report by Bloomberg.
Pricoa Private Capital, a fund managed by Prudential Private Capital, the asset management arm of multinational insurance company Prudential Financial, has invested in TeacherActive, a UK education recruitment agency.

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