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Linden Capital Partners (Linden), a Chicago-based healthcare private equity firm, has closed its fourth private equity fund, Linden Capital Partners IV (Fund IV), with USD1.5 billion of limited partner commitments.
Similar to Linden’s prior funds, Fund IV was oversubscribed, exceeding its target of USD1.25 billion and hitting its hard cap. “We truly appreciate the support from our investors, which include endowments, global financial institutions, and pension funds,” says Linden President and Managing Partner, Tony Davis. “Linden will continue to execute its consistent strategy in Fund IV. This strategy consists of implementing its proprietary value creation programs, emphasising human capital, and
PAI Partners (PAI) and funds affiliated with Baring Private Equity Asia (BPEA) are to jointly acquire World Freight Company International (WFCI), a specialist in the General Sales and Service Agent (GSSA) market, from existing shareholders Greenbriar Equity Group and Pierre Brunet, Chairman of WFCI. Terms of the transaction have not been disclosed.
WFCI exclusively markets and manages cargo freight capacity for more than 200 airline customers on more than 16,000 routes serving every major air cargo market globally, in particular the critical Asia-Europe corridor, to take advantage of growing e-commerce markets. WFCI manages more than EUR
1.3 billion (USD1.5
An Enterprise Investment Scheme that led to a world-first innovation in online learning has given investors a 75-times return on their money in a little over five years.
The Par Syndicate, a business angel network established by Edinburgh-based venture capital firm Par Equity, acquired International Correspondence Schools in late 2012. At the time, despite being a long-established “distance learning” specialist, ICS was in danger of administration, with 50 jobs and the hopes of thousands of students at risk.
Now, after half a decade of refocusing and growth, it has been transformed into a fully-fledged online education provider and a
A company backed by the Permira funds is to acquire a majority stake in orthopaedic firm Corin Orthopaedics Holdings Ltd (“Corin”) from DeA Capital Alternative Funds SGR (controlled by DeA Capital Group), Hunt Capital, IP (Investimenti e Partecipazioni) and other investors, for an undisclosed sum.
The investment provides substantial new funding to fuel the next stage of Corin’s development after five years of outstanding growth. Chief Executive Stefano Alfonsi and the management team will continue to lead Corin and will remain significant investors in the Company alongside the Permira funds.
Headquartered in Cirencester, UK, Corin is an international orthopaedic
Intel Capital participated in SiFive’s recent Series C funding round. The investment was revealed at the Intel Capital Global Summit, at which SiFive CEO Naveed Sherwani pushed for the democratization of the semiconductor industry.
SiFive’s hardware designs leverage the body of software and tools available from the open-source community under the guidance of the RISC-V Foundation, dramatically reducing the cost of developing custom silicon. RISC-V was born from the dire need to address the skyrocketing cost of designing and manufacturing increasingly complex new chip architectures. System designers can use the SiFive Freedom platforms and DesignShare catalog to focus on their
We Doctor Holdings Limited (WeDoctor), a Chinese technology-enabled medical and healthcare solutions platform, has closed a USD500 million financing led by AIA Company Limited and NWS Holdings Limited.
Existing shareholders and new investors including CICFH also participated in the round which marks the largest pre-IPO financing ever in China’s technology-based medical and healthcare sector, and brings WeDoctor’s valuation to USD5.5 billion upon completion.
This round of investment brings together a number of renowned market leaders across sectors with complementary strengths and exceptional capabilities to further enhance WeDoctor’s platform and long-term growth. WeDoctor plans to collaborate with its strategic investors
Nationwide Window Cleaning and High Access Maintenance have joined forces in the inaugural merger of two BGF-backed businesses.
The deal creates one of the largest independent facilities management services companies in the UK, with a combined revenue of GBP30 million. BGF has supported the merger with a further capital investment of GBP5.5 million.
High Access’ Niel Bethell takes the role of Group CEO while NWC’s Thornton Tasker will become the Executive Chairman. Bethell and Tasker founded their businesses in the mid to late 2000s and have pushed forward significant growth in recent years.
The merger was initiated by
Arma Partners has acted as exclusive financial advisor to BlackFin Capital Partners on the sale of its portfolio company NeoXam to Cathay Capital and Bpifrance.
NeoXam is a leading global financial software company, enabling global asset managers and sell-side institutions to address the multiple challenges they face in the front, middle and back-offices.
NeoXam has a global footprint serving blue-chip institutions in EMEA, Americas and APAC across 25 countries via 14 offices worldwide. By partnering with Cathay Capital and Bpifrance, NeoXam’s management intends to leverage the strong growth of the market and the technological assets of its data management,
Naxicap Partners, an affiliate of Natixis Investment Managers, is to become the new majority shareholder of TEUFEL following the exit of Hg and, in partnership with its existing management led by Sascha Mallah and Joachim Wimmers, plans a new phase of growth for the company.
Founded in 1979 in Berlin, Teufel is a direct-to-consumer audio brand primarily active mostly in German speaking countries. Teufel has achieved sales of EUR100m+ of as of June 2017 and experienced continuous and impressive growth over the past five years.
Teufel has built an efficient and agile business model that allows it to succeed
A majority of alternative fund administration firms – 74 per cent – expect consolidation in the alts fund admin space, according to the just-released eVestment Alternative Fund Administration 2018 survey.
This is up dramatically from the 47 per cent of survey respondents who expected consolidation in 2017’s survey.
And despite technology and new players disrupting numerous industries around the world, only 11 per cent of survey respondents expect to see new entrants into the fund administration business over the near term, down from 26 per cent of respondents in the prior year’s results.
Alternative asset managers are increasingly
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