With private equity set to further blossom over the next decade and continue its AUM expansion, it will become incumbent upon industry leaders to explore new ways to deliver growth in their firms’ portfolios.
Advent International and Cinven have agreed to acquire thyssenkrupp’s Elevator Technology business, together with the RAG-Stiftung.
BlackRock Long Term Private Capital will become the new majority shareholder in Creed, the Paris-based multi-century old luxury fragrance company.
Paris-based Apax Partners has added to its team with two new appointments. Joséphine Loréal will work in investor relations, while Raphaël Bazin has been appointed as director at Apax Partners Development, the investment team dedicated to Apax Partners’ investments in companies with a value of EUR10-100 million.
Global investment manager AMP Capital, one of the world’s top 10 infrastructure investors with over USD140 billion in AUM, had been looking closely at the US fibre sector for quite some time before it eventually decided to acquire Everstream last year.
EcoOnline, a European software company helping customers optimise safe handling of chemicals and ensure occupational safety, has received funding from Summa Equity and Goldman Sachs Merchant Banking Division.
London-founded tech company JUMO, focusing on next-generation financial services for emerging market entrepreneurs, has raised USD55 million in debt and equity funding from new and existing investors.
European venture capital fund Speedinvest has raised EUR190 million for its third fund, increasing Speedinvest’s total AUM to more than EUR400 million.