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A consortium of private equity firms led by CVC Capital and Francisco Partners, has made a bid to acquire payments provider Network International which values the business at about £2.1 billion pounds ($2.56 billion), according to a report by Reuters.
Gallatin Point Capital has closed its second fund Gallatin Point Capital Partners II with $1.6 billion in capital commitments split between the fund and associated separately managed accounts, exceeding the initial target of $1.5 billion.
Gallatin says the fund received strong support from existing LPs and has further diversified its investor base with capital from new institutional investors in the US, Europe and the Middle East, including sovereign wealth and public pension funds, foundations, endowments, and family offices.
Atlantic-Pacific Capital served as global placement agent.
Gallatin Point Capital (Gallatin) is a financial services-oriented private investment firm founded by Matt Botein
Texas-based Private investment firm Braemont Capital (Braemont) has closed its inaugural fund Braemont Partners I with approximately $525 million in total capital commitments, surpassing it initial $500 million target.
Investec Bank (Investec) has appointed Marc Potel as head of industrials M&A. He will support the growth of Investec’s European M&A footprint, which has expanded from 20 to 120 people over the past five years.
Potel joins Investec from Jefferies, where he spent five years as head of general industrials EMEA. He brings almost 30 years’ worth of experience within financial services – having previously held managing director roles at Nomura, Richmond Park Partners, Citigroup and KPMG, and has previously worked inon more than 50 industrials sector deals with a transaction value in excess of $50 billion.
Potel will
IQ-EQ, a global fund administrator with over $400 billion in AUA, has appointed Matt Okolita as the firm’s new regional CEO, Americas. Okolita previously held the role of Global Head of Outsourced Business Services, working closely with his predecessor Mark Fordyce for a number of years.
As part of this planned leadership transition, Fordyce will remain as non-executive chairman of IQ-EQ Americas.
Okolita previously led Greyline Partners LLC, a regulatory, compliance and governance consultancy that was acquired by IQ-EQ in November 2021.
Fordyce, joined IQ-EQ in 2020 with the acquisition of Blue River Partners and has steered the business
Dasseti, a specialist in digital due diligence software, has launched Dasseti Engage for asset managers and private equity GPs, a new platform designed to help investor relations, RFP and client services teams to improve distribution and speed up responses to client and consultant requests.
Dasseti says the platform allows teams to provide clients with consistent fund and company data efficiently and securely. Dasseti Engage can work alongside existing RFP tools, CRMs and Question and Answer banks to extract, flex and publish data across all DDQs, client templates and helps with consultant databases updates.
The platform can also automate the response
Mayer Brown has appointed Jason Friedman as a partner in the firm’s Banking & Finance practice, where he will represent borrowers, private equity sponsors, banks, hedge funds, alternative asset managers and other institutional investors on leveraged finance and private credit transactions.
Apollo has strengthened its footprint in Europe with an expanded regional hub in London, in line with its broader global growth strategy. The US private equity giant is bringing together its teams from offices at 10 Portman Square and 25 St George Street into a new construction location at 1 Soho Place covering 88,000 square feet over 4 floors.
Apollo said the move would help further its offering of leading, integrated asset management and retirement services capabilities on a global basis, including across European markets.
The move follows the firm’s other recent new or renovated workplaces in Singapore, New York, Greenwich,
US private equity giant KKR’s co-CEOs are aiming to double earnings over the next five years, as founders Henry Kravis and George Roberts prepare to hand over control of the firm, according to a report by the Wall Street Journal.
Under CEOs Joseph Bae and Scott Nuttall, who took the reins from Kravis and his cousin Roberts in late 2021, KKR has already doubled its assets to more than $500 billion over the past two years.
The private equity behemoth, which started as a private partnership and is now a public company, has more than 35 investing strategies, up from six at
Squire Patton Boggs has expanded its funds practice in London with the appointment of Rob Eke as partner in its Financial Services Practice Group. Eke, who joins from MJ Hudson where he had been a partner in its London office, specialises in private equity fund formation and investor representation. He works across several asset classes and his practice is split between GP and LP advisory work.
He advises GPs on the structuring, promotion and operation of private funds, with a focus on small to mid-market, as well as on ESG-related regulation, including SFDR and Taxonomy Regulations.
Eke’s particular focus on the fund formation side
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