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Managers

ecommerce

Kinnevik divests part of Qliro Group to Rite Ventures

Investment company Kinnevik has agreed to sell 23.2 per cent of the shares in Nordic digital commerce group Qliro Group to Swedish VC fund Rite Ventures. The deal is expected to close in the third quarter of 2020. As a partial payment for the sold Qliro Group shares, Kinnevik will

Deal-making

Neuberger Berman closes NB Euro Crossroads 2018 on EUR260m

The Luxembourg-domiciled euro denominated structure closed with EUR 260 million of commitments on 27 March, surpassing its EUR200 million target. Neuberger Berman launched the Crossroads funds of funds platform in the early 1980s, with the aim of constructing diversified private equity portfolios across asset classes, strategies and geographies. The new

Kian Capital exits TrueLearn Investment to LLR Partners

Kian Capital Partners (Kian), a middle-market focused private investment firm, has exited its investment in TrueLearn (TrueLearn) through a sale to LLR Partners (LLR). Terms of the transaction have not been disclosed.Headquartered in Mooresville, NC, TrueLearn is a leading provider of virtual learning and exam preparation software for physicians and

WIT Fitness secures GBP1.5m follow-on funding

WIT Fitness, a London-based sportswear retailer, has secured an additional GBP1.5 million in follow-on funding from growth capital investor VGC Partners after growing revenues by 56 per cent in the last year.Activated by ecommerce, WIT Fitness sells high-quality branded training footwear and activewear apparel in the UK, US and Europe. It also operates a store

Zurich

Evoco raises EUR93m for first close of third fund

Zürich-based private equity firm Evoco has held a first close of its third fund, Evoco TSE III SCSp at EUR93 million, representing more than 50 per cent of the target size of its third institutional fund. Domiciled in Luxembourg, Evoco TSE III SCSp has a target size of EUR150 million.

IQ-EQ completes acquisition of Blue River Partners

IQ-EQ has acquired Blue River Partners (Blue River), a US-based provider of outsourced solutions to alternative asset managers. The acquisition of Blue River marks the Group’s latest strategic acquisition, the first in the US private equity and hedge fund services space.   The newly combined IQ-EQ US operation brings together a

Biopharma

Ysios Capital raises EUR155m for Spanish biotech fund

Spanish biotech VC firm Ysios Capital has held a first close of its third fund, Ysios BioFund III, at EUR155 million. The fund has a final target size of EUR200 million. Ysios Capital is the largest venture capital firm in Spain specialised in biotechnology with EUR346 million under management through

Alinda Fund III makes first exit

Alinda Capital Partners, an independent fund manager focused on mid-market core-plus infrastructure investments in North America and Europe, has sold Alinda Infrastructure Fund III’s interest in Energy Assets Group Limited in the United Kingdom to a consortium comprising European institutional investors and an infrastructure fund. This is the first exit for

Online payments

BlackRock et al invest in Nordic Capital-backed Trustly

BlackRock Private Equity Partners, Aberdeen Standard Investments, Neuberger Berman, Investment Corporation of Dubai and RSIC are becoming minority shareholders in Nordic Capital-owned Trustly, an online account-to-account payments provider. Nordic Capital remains the majority shareholder in Trustly, which it acquired in 2018. The deal will bring in additional long-term capital to

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12 November, 2026 – 5:00 pm

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