KKR has led a $48 million Series C funding round in Privy, a digital trust provider in Indonesia. Existing investors MDI Ventures, GGV Capital and Telkomsel Mitra Inovasi, and new investors including Singtel Innov8, also participated in the round. 

Private equity firm Genstar Capital is to invest in Likewize, a tech protection and support company, alongside the firm’s existing private equity investor, Brightstar Capital Partners.

Vodafone Group Plc has agreed the partial sale of its mobile-phone masts business Vantage Towers to a consortium led by private equity firms Global Infrastructure Partners and KKR & Co in a deal that values the business at $16 billion.  Vodafone’s current 81.7% stake in the business will be put into a joint-venture company Oak BidCo which will then look to acquire the listed shares which account for the remaining 18.3% of the company. Vodafone will also sell a stake in the Oak BidCo at €32 per share to the GIP-KKR consortium, which will end up with between 32 and

Global software investment firm Thoma Bravo has led a $70 million expansion to TRM Labs’ Series B funding round, bringing the raise to $130 million in total.  Goldman Sachs and previous TRM investors including PayPal Ventures, Amex Ventures, Citi Ventures, and others, also participated in the round. The expansion follows TRM’s original $60 million Series B raise in December 2021 led by Tiger Global. TRM’s blockchain intelligence solutions are utilised by law enforcement agencies, regulatory bodies, tax authorities and financial intelligence units worldwide to support investigations and analysis of crypto-related fraud and financial crime. TRM’s private sector clients include some

Ambienta, one of Europe’s largest asset managers entirely focused on environmental sustainability, has acquired a majority stake in LÄSSIG, a producer of functional, sustainable and innovative products for babies, children and the whole family. The company was previously held by financial investors and the founders Claudia and Stefan Lässig, and Karin Heinrich all of whom have maintained stakes in the business. Based in Babenhausen, Hesse (Germany) and founded in 2006, LÄSSIG is a producer of functional, sustainable and innovative products, with sales in the DACH region as well as other European markets. The company has successfully started expansion to other

Private equity buyout firm Japan Industrial Partners has submitted a $15 billion bid to acquire Toshiba Corp, without having secured the backing of banks raising doubts over the viability of the proposed deal, according to a report by Reuters. JIP’s proposal includes a commitment of almost half of the $15 million from a consortium of over ten investors including utility company Chubu Electric Power Co Inc and financial services group Orix Corp. The report cites information from Japan’s Nikkei newspaper as revealing that JIP’s proposal appears not to have included commitment letters from banks, with the fund aiming to pull

GHO Capital Partners, a European specialist investor in global healthcare, and the Vistria Group, a middle-market private investment firm, are to acquire a controlling interest in Alcami Corporation, a pharmaceutical contract development and manufacturing organisation, from funds affiliated with Madison Dearborn Partners (MDP) and Ampersand Capital Partners.

An affiliate of Angeles Equity Partners has acquired Data Clean, a provider of specialised contamination control and removal services for critical environments. Angeles will partner with Data Clean’s prior owners, Richard Hill and Dean Sirakides who will retain an ownership stake in the company.

European private equity major Hg has raised $11 billion for its latest fund, Saturn 3, significantly ahead of its original $8.5 billion and making it the largest European buyout fund to close so far this ear, according to a report by Private Equity International. The fund which launched at the end of last year, reportedly closed in August. The $11 billion raised makes it 22% larger than the year’s next biggest European fund Nordic Capital‘s €9 billion Nordic Capital XI, which closed in October, and around 59% larger than BC Partners‘ €6.9 billion BC European Capital XI, which closed in