Latest News
Bain Capital Insurance, the insurance investing business of Bain Capital, has held the final close of its inaugural private equity fund, Bain Capital Insurance Fund, with $1.15bn in capital commitments, above its initial target of $750m.
The fund includes approximately $1bn of outside commitments from institutional investors and high-net-worth individuals and families. Bain Capital employees committed the balance of the fund, continuing the firm’s heritage of being the largest investor collectively across its funds.
Bain Capital Insurance Fund is focused on middle market transactions in North America and Europe across the entire insurance value chain and draws on Bain Capital’s
CenterGate Capital, an Austin, Texas-based lower middle market private equity firm, has held the final closing of CenterGate Capital Partners II (Fund II) in excess of its original target with over $375m of capital capital commitments.
Private investment firm Summa Equity has sold Kiona, a proptech firm and developer of a building energy efficiency software platform that allows users to monitor, control and optimise their energy consumption, to global energy efficiency specialist CAREL.
Stanley Capital Partners, a specialist healthcare and resource efficiency private equity investment firm, has expanded its team with the appointments of James Sexton and Frederik Fogtdal to the position of Principal.
Jefferies is forecasting moderately positive buyout marks in private equity for Q2, and believes there are “green shoots” in exit activity.
Jefferies’ latest Listed Private Equity Q2 Marks Outlook expects “moderately positive buyout marks” for Q2, in keeping with the performance in recent quarters.
Noting benchmark indices used to assess the direction of private equity buyout valuations, Jefferies’ commentary said the Russell 2000 Value Index was up 2.5%, while the Stoxx Europe 600 Index was up 1.5%.
Meanwhile, for venture/growth equity exposure, the tech-heavy Nasdaq 100 Index was up 15.4%, while the Refinitiv Venture Capital Index was up 18.6%.
Finally,
Ardian, a $150 billion private equity, real assets and credit manager, has signed an agreement to acquire 100% of European waste management and circular economy platform Attero.
Headquartered in Wilp, the Netherlands, Attero is a Dutch operator of energy-from-waste, plastics recycling, biomethane production, and inert mineral depository facilities, processing 3.6mt of waste from municipalities and businesses and generating more than 800 GWh of renewable electricity, equivalent to powering 300,000 homes, as well as 22m m3 of green gas.
Ardian plans to support Attero’s renewable energy expansion via significant capex investments into biomethane from organic waste and solar PV development on
UK private equity firm Maven Capital Partners has realised its investment in the scientific instrument developer Blacktrace Group with a strategic sale to US life science tools corporate Unchained Labs.
The sale represents Maven’s third profitable exit in 2023, having earlier in the year sold Hedgehog Lab, a mobile app and web development specialist, and Titan Wealth, a consolidator in the discretionary fund management sector.
The deal is the second profitable sale from the Blacktrace Group following the acquisition of the Group’s Syrris unit by Japanese corporate Asahi Glassplant in early 2020.
Maven clients invested in Blacktrace in 2016. Blacktrace
South Korean private equity firm IMM Credit & Solutions is investing in Choil Aluminium, a South Korean maker of electric vehicle battery components, according to a report by Evertiq.
IMM, which is wholly owned by Korea’s private capital manager IMM Holdings Inc, will invest around $23.4 million in Choil, aimed at boosting Choil’s production of aluminium coils and sheets for batteries, cars, electronics and construction materials.
Choil recently signed a contract to supply aluminium strips to Lotte Aluminium Co, an aluminuim and packaging materials affiliate of Korean conglomerate Lotte Group.
Bain Capital is acquiring 90% of Adani Capital and Adani Housing, in a deal which will buy out 100% of the Adani family’s private investments in the company.
Gaurav Gupta, CEO and managing director, will retain his stake and will continue to lead the company.
Bain has also committed $120 million in primary capital to facilitate the company’s ongoing growth. In addition, Bain Capital is also immediately making available to the Company a liquidity line $50 million in the form of Non-Convertible Debentures.
Rishi Mandawat, partner at Bain Capital, said Adani has “strong business fundamentals, an experienced team, with ability
Guy Hands is stepping down as chief investment officer and chair at Terra Firma Capital Partners, with the firm now set to be led by Paul Hatter as COO and Hands’ son Richard Hands as Managing Director responsible for residential investments and new deals, according to a report by the Financial Times.
Special Reports
Featured
Events
12 November, 2026 – 8:00 am
12 November, 2026 – 5:00 pm
