Latest News
Freemarket, a fintech platform for regulated B2B cross-border payments and currency exchange, has secured a growth capital investment from Baird Capital’s Global Private Equity Fund. Financial details of the transaction have not been disclosed.
The investment will be used to support Freemarket’s growth and international expansion, as well as providing a partial cash-out to existing shareholders.
Freemarket provides its customers with B2B cross-border payments through its proprietary technology platform. The company’s global banking network and technology platform enables customers to send payments and funds to over 100 countries in 140 currencies.
Baird Capital was advised by Squire Patton Boggs
Keeping up with reporting regulations and requirements has always been a challenge – but as the industry becomes more complex and regulators signal they will continue to increase enforcement, this challenge presents a more significant risk.
Private equity funds managed by Blackstone have acquired International Gemological Institute (IGI), a specialist in the independent certification of diamonds, gemstones, and jewellery from Shanghai Yuyuan Tourist Mart, a subsidiary of Fosun, and Roland Lorie, a member of the company’s founding family.
Global investment firm KKR has appointed Dan Pietrzak as global head of private credit. Most recently, Pietrzak served as co-head of private credit alongside Matthieu Boulanger, who is leaving the company to pursue other opportunities.
The value of shares in Australia’s Tyro Payments plunged by nearly 20% on Monday after the company revealed that private equity firm Potentia Capital had pulled the plug on a proposed deal to acquire the business, according to a report by Reuters.
Healthtech Patient21 has raised €100 million in a Series C funding round led by new investor Pitango, joined by Bertelsmann Investments and Artian and supported by existing investors Target Global, Piton Capital, PICO Venture Partners and angel investors, including Mario Kohle and Maria Raga.
I Squared Capital, a global infrastructure investment manager, has appointed Gautam Bhandari, co-founder and managing partner, as global chief investment officer, responsible for leading the firm’s investment strategy in close collaboration with founder, chairman and managing partner Sadek Wahba.
European private equity investor Perwyn has appointed Andrew Harrison as partner and its new head of capital formation. Harrison over 20 years of experience, having previously served as managing director and head of EMEA private capital advisory at Greenhill & Co.
Prior to his tenure at Greenhill & Co, Harrison served as head of investor relations at Silverfleet Capital Partners, where he helped develop and oversee the firm’s investor base while serving as a member of the investment, portfolio monitoring, and the ESG and valuation committees.
Earlier in his career, Harrison held the position of head of origination and due
Despite growing fears that higher interest rates will curb the private equity returns, CalPERS, the biggest US public pension plan, is considering upping its allocation to the asset class according to a report by The Financial Times.
Sentinel Capital Partners, a private equity firm that invests in mid-market companies in the US and Canada, with a particular focus on aerospace and defence, and industrial business, has sold portfolio company ECM Industries, to nVent Electric plc for a purchase price of $1.1 billion.
ECM is a global manufacturer and supplier of electrical connectors, tools, and test instruments for construction, maintenance, lighting, irrigation, landscape supply, and gas utility applications.
The company serves professional electricians, contractors, maintenance technicians, and do-it-yourselfers with a wide range of premium brands, including ILSCO, Gardner Bender, and King Innovation. ECM has more than 1,400 employees
Special Reports
Featured
Events
12 November, 2026 – 8:00 am
12 November, 2026 – 5:00 pm
