Managers
Healthcare private equity outperformed other asset classes in 2018, with disclosed deal values surging almost 50 per cent to USD63.1 billion, topping last year’s level of USD42.6 billion, and deal count rising to 316 in 2018 from 265 in 2017.
That’s according to Bain & Company’s eighth Global Healthcare Private Equity and Corporate M&A Report, which reveals that strong investment activity across all regions and in sectors such as healthcare IT (HCIT), provider and biopharma included 18 deals greater than USD1 billion each in disclosed deal value, pushing larger assets to levels that are out of reach for most buyers.
“Last
A cross-jurisdictional Carey Olsen team has advised Marsh & McLennan Companies (MMC) on its acquisition of Jardine Lloyd Thompson Group plc for USD5.6 billion in fully diluted equity value.
The acquisition, which was first announced in September 2018, has now completed and advances MMC’s leadership position in insurance and reinsurance brokerage, health and retirement. It also builds on the group’s efforts to expand in faster-growing geographies and market segments and invest in data and analytics.
Working alongside Slaughter and May who were advising MMC as an integrated team with Wachtell, Lipton, Rosen & Katz, Carey Olsen advised on the
Hg Saturn and its investors have agreed to a further circa EUR640 million equity investment in Visma, a provider of business-critical software to private and public enterprises in the Nordic, Benelux and Baltic regions.
The Canada Pension Plan Investment Board (CPPIB) will also make a further investment of circa EUR110 million in Visma as part of this transaction.
Hg is already the majority owner of Visma, having led the original delisting of Visma from the Oslo Stock Exchange in 2006. Hg has been the lead or co-lead investor in Visma for the last 13 years. Cinven, who first invested
Late-stage, venture-backed tech companies significantly outperformed the S&P 500 and Dow Jones Technology Index in the fourth quarter of 2018, according to the SharesPost US Private Growth Index.
The Index, composed of 106 companies, rose 10.9 per cent in the fourth quarter from the third quarter of 2018. The S&P 500 fell 14.3 per cent in the fourth quarter, and the Dow Jones US Technology Index declined 17.9 per cent from the third quarter of 2018.
Preliminary data for the first quarter of 2019 indicate that the SharesPost Index has increased 11 per cent compared to a 4.2 per cent
Private equity firm Shore Capital Partners has held the and final closings of its third institutional healthcare private equity fund, Shore Capital Healthcare Partners Fund III (HC Fund III), and its inaugural food and beverage fund, Shore Capital Food & Beverage Partners Fund I (F&B Fund I).
HC Fund III raised USD293 million, while F&B Fund I raised USD148 million. With these respective closings, Shore now manages a total committed capital base of more than USD1 billion.
HC Fund III surpassed its original target of USD250 million and was substantially oversubscribed. HC Fund III will continue the successful investment
Estera, a global provider of funds, corporate and trust services, has supported Hipgnosis Songs Fund with its first fundraise – significantly exceeding its target in the process.
Hipgnosis Songs Fund is a Guernsey-registered fund investing in songs and musical intellectual property rights trading on the Specialist Fund Segment of the London Stock Exchange (LSE). It was founded by Merck Mercuriadis, the former manager of Beyoncé, Elton John, Morrissey, Iron Maiden and Guns N’ Roses.
Having raised over GBP200 million with its initial fundraising in July 2018, Hipgnosis Songs announced a placing on 12 April, with a target of GBP100 million
Bryan, Garnier & Co has acquired Beringer Finance, a Nordic-focused boutique investment bank with offices in Stockholm, Oslo, Reykjavik and Palo Alto.
Throughout the past 10 years, Beringer Finance has advised on over 140 transactions, building a strong track record in the TMT, IT Services, and Fintech markets. The closing is subject to pending regulatory approvals and other customary closing conditions.
Olivier Garnier, Co-founder and Managing Partner of Bryan, Garnier & Co, says: “Bryan, Garnier & Co is an independent partnership that combines highly experienced, entrepreneur-minded investment banking professionals with the services and expertise of a top-tier investment bank. The
Alsid, an active directory protection solution provider announces a Series A funding record of EUR13 million (USD15 million) in investment led by Idinvest Partners, a European capital-investment company.
This capital will be used to continue and accelerate the international success they have already achieved in France and Hong Kong.
Alsid was founded in 2016 by Emmanuel Gras and Luc Delsalle, both experts at the ANSSI (NCSC – France’s National Cyber Security Center). The company rapidly developed its own revolutionary approach to Active Directory security, a vital infrastructure for the security and business continuity of enterprises. Thanks to their proven
Cytora, a provider of AI-powered solutions for the commercial insurance industry, has secured GBP25 million in Series B funding round led by the EQT Ventures.
Other participants include existing investors Cambridge Innovation Capital, Parkwalk, and a number of angel investors. The funding will be used to accelerate the expansion of Cytora’s product suite and scaling into new geographies.
Cytora was founded and spun out of the University of Cambridge in 2014 by a team of machine learning scientists, data engineers and strategists. The founding team recognised that – unlike the simplicity of consumer car insurance – applying for commercial insurance
Blufolio, a Swiss blockchain investment firm and manager of the Luxembourg-registered blufolio venture capital fund, has made its first investment in YAPEAL, a Zurich-based digital banking start-up founded by an experienced team of finance and technology professionals.
YAPEAL is initially addressing a specific section of the Swiss consumer market, with strong potential for mid-term growth via a B2B proposition.
“We are delighted to support the growth of YAPEAL, which targets a clear gap in the Swiss banking market. We see great opportunities for YAPEAL’s world-class management team to scale the company’s offering via partnerships in the Swiss and broader European
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