Allocations
Cathay Capital has held the closing of Cathay Innovation’s first investment vehicle for a total of USD320 million. This sum constitutes a record for a first-time venture capital fund raised in Europe.
The success of this fundraising can largely be explained by the unique approach proposed by Cathay Innovation and how this approach resonated among investors.
Cathay Innovation was effectively founded on the conviction that supporting digital entrepreneurs through a platform available on 3 continents – North America, Europe, and China – constitutes a particularly valuable strategy. By connecting these three major ecosystems and by relying on the platform
Cinven has sold of 40 per cent of its equity stake in Visma, a provider of business critical software to SMBs in the Nordic and Benelux region, to a group of investors led by HgCapital.
An investor group led by HgCapital, an existing investor in Visma, together with GIC, Montagu and ICG, is also acquiring 100 per cent of KKR’s stake in the Group. Cinven retains a significant minority stake in the Group. The total transaction is valued at NOK45 billion (EUR4.7 billion).
Cinven invested in Visma in April 2014 valuing the business at a total enterprise value of NOK
CVC Credit Partners (CVC Credit) has closed CVC Credit Partners Global CLO Management Limited, providing CVC Credit with risk retention capital for its global CLO business. Global CLO Management Limited closed at its hard cap of USD600 million.
CVC Credit’s Global CLO Management Limited provides strategic balance sheet capital to CVC Credit’s new US and European CLO managers, which enables the managers to comply with both the US and European CLO risk retention rules. Global CLO Management Limited will have the exclusive right to invest in the majority CLO equity of CVC Credit’s US and European CLOs.
Gretchen Bergstresser,
InMotion Ventures, a venture capital business powered by Jaguar Land Rover, has completed seed investments in four exciting mobility and transportation startups.
Early stage businesses By Miles, Dovu, Wluper and Zeelo join the Seed Programme and will spend six months working from InMotion HQ in London.
Founded by James Blackham and Callum Rimmer, By Miles (formerly Just Miles) offers innovative pay-per-mile car insurance with a simple-to-use driving app. Rather than buying a traditional annual car insurance policy, By Miles customers sign up for a fixed monthly subscription and then pay on a flexible, per-journey basis. Transparent, real-time policies give customers more
International law firm Ropes & Gray has advised Intermediate Capital Group (ICG) on the USD5.3 billion consortium buyout of Visma, Europe’s largest ever software buyout.
ICG was part of a consortium of investors that bought stakes in the deal. Other investors included HgCapital, Cinven, GIC and Montagu, alongside Visma’s management team.
The Ropes & Gray team was led by private equity partner Helen Croke, with finance partner Malcolm Hitching leading on the debt aspects of the deal. Other members of the team included finance counsel Alex Robb and private equity associate Nicholas Matthew.
In May 2017, Ropes & Gray
CVC Credit Partners’ European Private Debt Business has provided a EUR50 million unitranche facility to Trimb Healthcare, to support its acquisition of the Pevaryl and Fungoral brands in certain European countries from Johnson & Johnson.
Trimb Healthcare, sponsored by lead investor Avista Capital since 2015, is a niche pharmaceutical company, focusing on the development, sales and marketing of branded over-the-counter pharmaceuticals and consumer healthcare products. Avista Capital is a healthcare specialist, with significant sector experience and 17 investments completed to date.
Neale Broadhead, Managing Director & Portfolio Manager in CVC Credit Partners’ direct lending business, says: “We are very
An affiliate of Sun European Partners is to sell NextPharma, a pharmaceutical contract development and manufacturing organisation (CDMO), to funds advised by CapVest Partners (CapVest), subject to regulatory approval.
NextPharma is a market leader in the western European pharmaceutical CDMO space, serving a global blue-chip customer base, including seven of the top ten pharma companies. The company offers a broad range of specialised product types and therapeutic areas across multiple attractive niches. NextPharma has over 1,000 employees and operations in Germany, France, Switzerland and Austria.
NextPharma was acquired by an affiliate of Sun European Partners in 2011. Over the
Dyal Capital Partners, a division of Neuberger Berman Group, has acquired a strategic minority stake in private credit and special opportunities alternative investment manager, Atalaya Capital Management.
Dyal will become a passive, non-voting partner in Atalaya. All of the proceeds from the investment will be retained on Atalaya’s balance sheet to expand the Firm’s capabilities and increase the Firm’s investment alongside its investors.
Atalaya was founded in 2006 and today manages more than USD2.5 billion in assets under management across its Special Opportunities Fund and Asset Income Fund products as well as select other investment vehicles.
Ivan Q.
Carey Olsen’s Guernsey funds team has advised ADM Capital Europe LLP, a London-private equity and investment advisory firm, on the launch of its global agribusiness investment fund, the Cibus Fund.
The Cibus fund held its first close of USD100 million on 2 May and is targeting a USD500 million final close in 2018. The fund will focus on mid-market investment opportunities in sustainable food processing and production companies, primarily across Europe and Australasia that look to provide for the growing demand for high value added foods.
It will have a secondary mandate to invest equity growth capital in parts
Legal & General is helping to finance a fleet of new Bombardier trains for the First MTR South Western Trains franchise.
The GBP100 million long term debt investment by LGIM Real Assets, on behalf of clients including Legal & General Retirement (LGR) is part of a total GBP1 billion commitment made from a group of institutional investors to Rock Rail.
This deal represents the largest single UK rolling stock deal for which all senior debt is provided by institutional investors. It is also Legal & General’s second UK rolling stock deal following the backing of a new fleet of
Events
12 November, 2026 – 8:00 am
12 November, 2026 – 5:00 pm
