Pacific Avenue Capital Partners, a Los Angeles-based private investment firm, has formed Resin Solutions, which has agreed a carve-out of three product lines developed by Cray Valley, TotalEnergies’ resin production affiliate. Pacific Avenue Capital specialises in M&A, corporate divestitures and other complex situations in mid-market companies. The investment is being
Venture capital executives are more cautiously optimistic on their fundraising prospects for this year, in contrast with a comparatively downbeat outlook among private equity peers, according to S&P Global Market Intelligence’s new 2023 Private Equity Outlook Survey. The report surveyed a total of 511 private equity, venture capital and limited
Paris-based private equity firm Andera Partners is leading a $48.5 million financing round for medical device company BioVentrix in an investor syndicate that includes Cormorant Asset Management, Taglich Brothers Inc., Squarepoint Capital, and Richmond Brothers. BioVentrix is developing minimally invasive therapies to directly treat the dilated left ventricle and reverse
A private equity consortium including CVC Capital Partners and Francisco Partners has made a “preliminary and conditional” bid for emerging markets-focused payments company Network International, according to a report by Private Equity News. Shares in Network International closed up 23.1%, or 56½p, at 300p, valuing the company at £1.6 billion,
Swedish private equity firm EQT is in talks with Dechra Pharmaceuticals over a possible £4.6 billion cash bid, in a deal backed by the Abu Dhabi Investment Authority, according to a report by The Times. A takeover of Dechra, the FTSE 250 veterinary drugs company, would cap a rollercoaster period for
Clearlake Capital Group and Symphony Technology Group have agreed to sell risk management cloud software provider Archer Technologies to Cinven. The deal is expected to close in the middle of 2023 subject to customary closing conditions and regulatory approvals. The terms of the transaction were not disclosed. Founded in 2000 and
Bain Capital is one of several private equity firms set to bid for software and IT managed services platform provider ConnectWise, according to a report by CRN. ConnectWise, which has more than 3,000 employees globally, was bought by private equity firm Thoma Bravo is 2019 in a deal estimated at
Private equity giant Thoma Bravo’s plan to buy software company Qualtrics and merge it with rival company Medallia was thwarted by antitrust concerns, according to a report by the Financial Times. Qualtrics was ultimately sold to private equity firm Silver Lake and the Canada Pension Plan Investment Board in a
Private equity firm Lee Equity Partners and investment firm Twin Point Capital have partnered with GetWireless to acquire TESSCO Technologies, a wireless infrastructure technology distributor, manufacturer, and solutions provider serving commercial companies, in a cash merger deal valued at around $161.4 million. Under the terms of the merger agreement between
Pan-European private capital manager Metric Capital Partners has partnered with growth investor Scope to invest in high-end Danish toy brand Maileg. The deal – whose value is undisclosed – is Metric Capital’s third investment in the Nordics since 2013. The most recently published financials for Maileg last year were €35
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