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Peloton Capital Management holds final closing of first fund at USD550m

Peloton Capital Management (PCM), a Canadian private equity firm with a long-term approach to middle-market buyouts in the North American market, has closed its first fund at USD550 million.   The Investment Management Corporation of Ontario (IMCO), an Ontario public fund manager with USD73.3 billion of assets under management, has

Blackstone to acquire Sphera for USD1.4bn

Private equity funds managed by Blackstone have entered into a definitive agreement to acquire Sphera, a provider of Environmental, Social and Governance (ESG) software, data, and consulting services, from Genstar Capital. The investment, which values the company at approximately USD1.4 billion, would be made through Blackstone’s flagship private equity vehicle.

The Vistria Group closes on USD2.68bn for flagship core private equity fund

The Vistria Group, a purpose-driven investment firm focusing on the middle market, has held final closing of Vistria Fund IV, LP, with USD2.68 billion of total capital commitments. Vistria now manages more than USD6.5 billion in institutional capital across its funds and co-investment vehicles.  Fund IV was substantially oversubscribed, closing

SK Capital to sell Niacet for over USD1bn

An affiliate of funds advised by SK Capital Partners (SK Capital) is to sell Niacet Corp (Niacet) to Kerry Group plc, the global taste and nutrition company, for USD1,015 million (EUR853 million) on a cash-free, debt-free basis, subject to customary closing adjustments. Following the acquisition, Niacet will be integrated into

Blackstone Funds to acquire QTS Realty Trust for USD10bn

QTS Realty Trust (QTS) and Blackstone, have entered into a definitive agreement under which Blackstone Infrastructure Partners, Blackstone Real Estate Income Trust, Inc and other long-term perpetual capital vehicles managed by Blackstone will acquire all outstanding shares of common stock of QTS Realty Trust for USD78.00 per share in an

Healthcare investing

Frazier Healthcare Partners closes 10th fund on USD1.4bn

Frazier Healthcare Partners has closed Frazier Healthcare Growth Buyout Fund X, its 10th healthcare private equity fund focused on the middle market, a vehicle which was oversubscribed and hit its USD1.4 billion hardcap.  The capital came in from new as well as existing limited partners, including public pension funds, financial institutions,

Q-Energy refinances 120 MW Spanish solar thermal portfolio for EUR732m

Q-Energy, a global platform investing in renewable energy, has closed a non-recourse debt refinancing of three solar thermal plants in Spain, with a total installed capacity of 120 MW, for a total amount of EUR732 million. Located in Andalusia, the three solar thermal plants have been operating since 2011 and

Summa Equity to sell HyTest to Mindray for EUR545m

Summa Equity is to sell HyTest, a developer and producer of antibodies and antigens, to Mindray, a global medical technology company, for total consideration of approximately EUR545 million. Since Summa Equity’s acquisition of HyTest in 2018, the company has continued to develop its industry leading antibodies and antigens product portfolio,

Graphic Packaging Holding Company to acquire AR Packaging from CVC Funds for USD1.45bn in cash

Graphic Packaging Holding Company, (Graphic Packaging), a vertically-integrated provider of sustainable fibre-based consumer packaging solutions, is to acquire AR Packaging Group AB (AR Packaging), Europe’s second largest producer of fibre-based consumer packaging, from CVC Capital Partners Fund VI for approximately USD1.45 billion in cash, subject to customary adjustments. The combination

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