Managers
US private equity giant KKR’s co-CEOs are aiming to double earnings over the next five years, as founders Henry Kravis and George Roberts prepare to hand over control of the firm, according to a report by the Wall Street Journal.
Under CEOs Joseph Bae and Scott Nuttall, who took the reins from Kravis and his cousin Roberts in late 2021, KKR has already doubled its assets to more than $500 billion over the past two years.
The private equity behemoth, which started as a private partnership and is now a public company, has more than 35 investing strategies, up from six at
Copenhagen-based mid-market private equity investor Polaris has acquired a majority shareholding in Sealing System, a Scandinavian supplier of intralogistics and full-scope automated packaging and palletizing lines.
Established in 1998 in Grindsted, Denmark, Sealing System offers complete, automated end-of-line and intralogistics solutions, which optimise processes and production while ensuring efficient track & trace functionality, data capture and integration to customers’ IT systems.
The company has generated average annual revenue growth of 25% since 2019 and reported revenue of more than DKK 200 million in 2022 with an operating profit of DKK 20 million.
In connection with the transaction, Sealing System will
Luxembourg-based global venture capital firm Runa Capita has opened a Paris office. Max Corbani, who recently joined Runa Capital as a Senior Associate, will lead the growth of its investment focus in the French startup ecosystem.
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 partner respondents between December 2022 and mid-January 2023.
According to the outlook, 45% of private equity executives surveyed expect fundraising conditions in their location to deteriorate this year, while 34% said conditions will remain the same.
Venture capital professionals were split, with 35% forecasting a deteriorating fundraising environment and a
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 around $1.5 billion. Six of ConnectWise’s eight board members are from Thoma Bravo.
Bain is now one of the strongest candidates lining up a potential bid for the Tampa, Florida-based company, according to multiple sources familiar with the matter.
“Bain has been very aggressive,” said one unnamed source, who valued
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 deal announced last month for $12.5 billion, or $18.15 per share.
Thoma Bravo had tabled a potentially higher-price transaction, but the deal was scuppered due to concerns about a possible lengthy review from US antitrust regulators.
Media reports suggest the private equity firm has also seen delays in its planned
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 GetWireless, a value-added distributor of cellular solutions that connect the Internet of Things (IoT), and TESSCO, all outstanding shares will be acquired for $9.00 in cash, resulting in an enterprise value of approximately $161.4 million.
Last year, Lee Equity and Twin Point Capital, owners of Canadian wireless telecom distributor Alliance,
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 million in revenues, and €12 million in EBITDA.
Established in 1999, and headquartered in Herning, Denmark, Maileg designs artisanal, hygge toys, reminiscent of older times. Its toy range includes mice in matchbox beds and small dollhouses. The investment in Maileg will help grow the business in the UK and internationally,
Blackstone has closed its latest global real estate fund, Blackstone Real Estate Partners X, with $30.4 billion of capital commitments — the largest real estate or private equity drawdown fund ever raised.
The private equity giant’s three opportunistic real estate strategies – Global, Asia, Europe – now have $50 billion of capital commitments.
Blackstone – the world’s largest alternative investment firm with $951 billion AUM – has delivered a 16% net IRR on over $100 billion of committed capital in the BREP global funds over more than 30 years.
As macro trends evolve, Blackstone Real Estate shifted its portfolio away
The Carlyle Group has dropped its long-planned investment in healthcare analytics company Cotiviti, despite having lined up $5.5 billion in debt and a $1 billion preferred stock investment for the deal, according to a report by the Financial Times.
Carlyle had reportedly sought to lower its purchase price late in the process, according to unnamed sources familiar with the matter. US private equity firm Veritas Capital – which owns Cotiviti – had hoped to sell half of the business for around $15 billion valuation.
The abandoned takeover is a set-back for the long-running private equity firm as it aims to
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12 November, 2026 – 8:00 am
12 November, 2026 – 5:00 pm
