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MentorcliQ, a provider of employee mentoring software, has secured a strategic growth investment of over $80 million from software and technology-focused growth equity investor PSG.
The new funding, which includes participation from existing investors Rev1 Ventures and Plymouth Growth, brings MentorcliQ’s total capital raised to over $100 million.
MentorcliQ supports enterprises globally in launching and maintaining employee mentoring programs aimed at strengthening the foundation of an organisation’s infrastructure – its employee base. The company’s says that clients see an improvement of up to 90% in employee retention for employees who are mentored.
Experience management software provider Qualtrics has confirmed it is to be acquired by a group of investors including Silver Lake and the Canada Pension Plan Investment Board at a $12.5 billion valuation.
Silver Lake and its co-investors, together with CPP Investments, will acquire 100% of the outstanding shares Silver Lake does not already own, as reported last week, including the entirety of SAP’s majority ownership interest.
Qualtrics will become an independent, privately held company, and will continue to be led by chief executive officer Zig Serafin, operating from its headquarters in Provo, Utah and Seattle, Washington.
Global investor services group IQ-EQ has appointed Ilias Georgopoulos as global head of private and institutional asset owners, a key position in the firm’s commercial leadership team.
Georgopoulos has over 25 years’ financial services experience, including more than a decade at senior leadership level and with responsibilities spanning the US, EMEA and APAC. Most recently, he was CEO of Credit Suisse’s MultiConcept Fund Management SA in Luxembourg, where he was responsible for driving growth initiatives, supporting on cross-product, cross segments development and enabling service evolution.
Previously, Georgopoulos was Global Head of Relationship Management, Sales and Marketing at Alter Domus, and
Several VC firms have advised their portfolio companies to pull money from troubled Silicon Valley Bank following a surprise announcement that the bank, a key lender to technology start-ups, was issuing $2.25 billion of shares to bolster its capital position after a significant loss on its investment portfolio, according to a report by Bloomberg.
KKR & Co, MBK Partners and Brookfield Asset Management are among the potential acquirers of a minority stake in South Korean gas company AirFirst, which local PE firm IMM Private Equity is looking to sell for $1 billion, according to a report by Reuters.
Unnamed Reuters sources have revealed that the Seoul-based investment firm is expecting to receive first-round, non-binding bids by 16 March.
IMM PE, which acquired the South Korean assets of German industrial gases group Linde for $1.2 billion in 2019 and rebranded the company as AirFirst, is targeting a valuation of over $3 billion for the whole
A number of private equity firms including Advent International and CVC Capital Partners are weighing up bids to acquire a minority stake in Deutsche Lufthansa AG’s aircraft maintenance and repair unit, according to a report by Bloomberg.
Unnamed Bloomberg sources say that Lufthansa’s Technik business, which could be valued at more than €6 billion in any deal, has also attracted initial interest from Bain Capital and Blackstone Inc.
Deliberations are said to be ongoing and there is no certainty any of the private equity firms will proceed with offers, although the sources say Lufthansa is expecting to receive non-binding bids
BlackRock Alternatives, through its Private Equity business, has launched two new European Long-Term Investment Funds (ELTIFs), broadening access for institutional investors and private individuals across Europe to private equity opportunities globally.
Adams Street Partners, a private markets investment management firm with more than $52 billion of assets under management, announced has opened a new office in Sydney, Australia, which will be managed by Shaun Thomas, newly appointed principal, investor relations, who joined the firm in November.
Sydney is Adams Street’s first location in Australia and fifth in the Asia Pacific region, joining Tokyo, Singapore, Seoul, and Beijing. Adams Street now operates 12 offices globally.
Adams Street says the Sydney office will provide the local private markets community with access to the firm’s investment professionals and their experience in private markets investment
HGGC, a middle-market private equity firm with over $6.9 billion of cumulative capital commitments, has promoted Colin Phinisey to Partner. Since joining HGGC in 2018 as a principal, Phinisey has led debt capital markets activities for all new and existing portfolio company investments, including acquisitions, recapitalisations, refinancings and capital structure management.
Prior to HGGC, Phinisey spent eight years working for Deutsche Bank Securities where he began his career as a leveraged finance associate and worked his way up to being a leveraged finance director for the company.
Previously, he worked as a senior financial analyst at Wachovia Securities.
Prysm Capital has promoted Lauren Moffatt to a partner of the firm, with immediate effect. Moffatt who has experience across various segments of the private equity value chain, has served as a principal at Prysm Capital since 2021.
Prior to Prysm, Moffatt spent four years as a member of Audax Group’s Investor Relations team, focusing on fundraising, product development, marketing and operating strategy initiatives. Earlier in her career, she spent a number of years at Bank of America Merrill Lynch, HarbourVest Partners and Boston Consulting Group.
With offices in New York, Princeton and San Francisco, Prysm employs a top-down
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