PE Tech Report

Latest News

Alternative asset and corporate business services provider SANNE has promoted Stephanie Hopkins from Head of Private Debt & Capital Markets to Country Head for Jersey. Read the full story at Hedgeweek…
Substantive Research Limited, a provider of research analysis to asset managers, has secured a GBP800,000 growth capital investment from Foresight Group.Read the full story at Institutional Asset Manager…
Harbert European Growth Capital Fund II, SCSp (HEGC) has funded Cubyn with venture debt capital. Cubyn is a Paris-based third-party, technology driven logistics and warehouse fulfilment provider for merchants, serving principally e-commerce marketplaces across Europe. The debt will be used to help Cubyn continue its expansion across France and help provide global merchants a means to selling into Europe. It will further help Cubyn accelerate its automation projects within their warehouses in France. Cubyn commits to being able to reduce logistics costs for merchants and marketplaces by up to 30 per cent while improving the quality of shipments. They are able
Franz B & Cie (Haniel) is to acquire 50.1 per cent of Emma – The Sleep Company (Bettzeit). Its two founders, Manuel Müller und Dr. Dennis Schmoltzi, will each retain a 24.95 per cent stake in the company and will continue to drive Emma’s international expansion as active CEOs.“With Emma, we are very pleased to have won a young, innovative and at the same time fast-growing company with many unique selling propositions for the further transformation of our portfolio,” says Haniel CEO Thomas Schmidt.  The founders also see a benefit for their company in the cooperation with Haniel, as Co-CEO Dr Dennis
venBio Partners has closed the venBio Global Strategic Fund III (venBio Fund III), its third life sciences venture capital fund, exceeding its target with approximately USD394 million in capital commitments.The capital was raised from existing and new investors, including a broad range of institutional investors comprising pharmaceutical companies, corporate pensions, financial institutions, endowments and foundations, family offices and funds-of-funds. Led by Managing Partners Corey Goodman, PhD, Robert Adelman, MD, and Aaron Royston, MD, venBio Fund III will continue to invest primarily in therapeutics companies that are developing biopharmaceuticals for unmet medical needs. The venBio team typically leads or co-leads investments
Ironwood Capital has exited from its subordinated debt investment in Performance Team.  The company was purchased by AP Moller – Maersk and will integrate its services with Maersk Warehousing & Distribution’s regional network of 20-plus facilities in the United States and Canada.   Headquartered in Los Angeles, California, Performance Team is an end-to-end third-party logistics and distribution provider, offering consolidation, warehousing, distribution and transportation services across the United States.   “Company management, led by CEO Craig Kaplan, has done an outstanding job building a national distribution and transportation powerhouse. Performance Team manages over 7 million square feet of warehouse space
Asia
CVC Capital Partners has raised USD4.5 billion for its fifth Asia Pacific fund, CVC Capital Partners Asia Pacific V L.P, surpassing the fund’s USD 4 billion target. Strong demand from a diversified global investor base of new and returning institutional investors allowed CVC’s Fund V to exceed its target, according to the international private equity group with 24 offices worldwide. The increased fund size from the USD3.5 billion predecessor (fourth) fund, CVC Capital Partners Asia Pacific IV LP, reflects the expanded investment capability of CVC’s network of eight offices across Asia, CVC said in a statement. CVC’s Asia Pacific strategy
Cardboard recycling
Abris Capital Partners-owned Green Group, the largest integrated recycling group in South-Eastern Europe, has acquired a 100 per cent stake in Romanian industrial waste management player Eltex Recycling. The two companies will join forces to expand Eltex Recycling’s position as a provider of waste management solutions in Romania, by “delivering high quality, cost efficient and sustainable services to its clients,” according to the company. “This acquisition is a part of our business strategy to consolidate the market position of Green Group as a leading integrated recycling business in Europe,” said Adrian Stanculescu, partner at Abris Capital Partners and head of
Coronavirus map of Europe
The unfolding Covid-19 induced financial crisis is creating problems for private equity funds currently out on the road fundraising. Moreover, first time fundraisers out there in the market will struggle to reach fund closes this year, and even fewer debut managers are expected to launch new vehicles in the current climate. 
Kirkland & Ellis has advised Oakley Capital on the acquisition of a majority stake in Globe-Trotter Group, the British luxury luggage brand, from entrepreneur Toshiyasu Takubo.Founded in 1897, Globe-Trotter is a British luxury luggage brand. Its world-renowned suitcases are known for their distinguished design and construction, with products that are handcrafted in the UK by skilled artisans using original manufacturing methods and machinery. Globe-Trotter luggage has built a loyal customer base that includes a number of prominent and influential individuals, while the business has also collaborated with numerous premium brands including Hermès, Tiffany, Gucci, Berluti and Aston Martin. The Kirkland

Special Reports

Featured

Events

16 May, 2024 – 8:30 am

Directory Listings