GTCR makes $1.3bn Tricentis investment
Private equity giant GTCR has committed to a $1.33bn investment in software testing leader Tricentis, supported by the current majority owner Insight Partners, in a deal that values the business at $4.5bn.
Private equity giant GTCR has committed to a $1.33bn investment in software testing leader Tricentis, supported by the current majority owner Insight Partners, in a deal that values the business at $4.5bn.
Metalayer, a firm founded by veterans of Two Sigma Ventures – the VC arm of quantitative hedge fund firm Two Sigma – has filed with the Securities and Exchange Commission (SEC) to launch a $25m cryptocurrency investment fund, according to a report by Fortune.

A consortium led by private investment firms Starwood Capital Group and Warburg Pincus is working to finalise a deal to take ESR Group private, valuing the Hong Kong-listed real estate fund manager at over $7bn, according to a report by Reuters.
Equistone Partners Europe (Equistone), one of Europe’s most established mid-market private equity investors, has completed its €520m sale of Groupe Courir (Courir), a leading French retailer of sports shoes, to JD Sports Fashion.
Blackstone Credit & Insurance (BXCI), Blackstone’s asset backed credit division, and Santander Corporate & Investment Banking (CIB) have agreed to a strategic deal that will see BXCI acquire a $1bn portfolio of infrastructure loans from the bank.
Private equity giant Blackstone is preparing to list shares of Cirsa, a Spanish gaming company, on the Madrid stock exchange in the first half of next year, according to a report by Spanish newspaper Expansión.
Barings is executing the first European middle market private credit CLO, Barings Euro Middle Market CLO 2024-1 DAC, at €380m, with S&P and Fitch rating the issuance, which is backed by a portfolio of European middle market senior secured loans.
Argosy Private Equity (Argosy), a lower middle market private equity firm, has exited its investment in Rita’s Franchise Company (Ritas), a US provider of frozen desserts founded in 1984, through a sale to New York-based MTN Capital.
Grifols shares tumbled 10% on Wednesday after sources revealed that Canadian private investment giant Brookfield Asset Management is planning to abandon its takeover bid for the Spanish pharmaceutical company, according to a report by Bloomberg.

BlackRock has reached a preliminary agreement to acquire private credit manager HPS Investment Partners for approximately $12bn, which, if finalised, would represent a substantial premium over the firm’s estimated $10bn post-IPO valuation, according to a report by the Financial Times.
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