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Tritium Partners, a private equity firm investing in growth companies in the lower middle market, has held a final closing on its third fund, Tritium III, with $684 million of committed capital. The fund exceeded its target and represents a nearly 50% increase over Tritium’s 2019 second fund.
Buyout firm Convergence Partners has raised $296 million for a new fund that will focus on investments in African technology assets, bringing total funds under management at the firm to around $600million, according to a report by Bloomberg.
The fund, one of the first PE vehicles focussed on sub-Saharan Africa this year, mainly attracted money from previous investors, development agencies and pension funds in the US, UK, Europe and Africa, said Chairman Andile Ngcaba in an interview. Convergence will look to invest the funds assets in a range of technology assets from “data centres to optic fibre on land and
Dutch diagnostics form Qiagen NV is considering selling a minority stake in its bioinformatics division, in a deal that could value that business at more than $1 billion, to a private equity investor, according to a Report by Bloomberg.
The report cites unnamed sources as revealing that the firm is working with a financial adviser as it explores bringing in an outside investor to provide additional funding to the unit which develops software for analysing biological data.
Qiagen is reportedly planning to keep a majority stake in the profitable bioinformatics business, with talks said to be ongoing but no final
Winton Group and Blackstone Inc are among the hedge fund and private equity firms that have helped drive leasing prices of high-end offices in London’s West End to record highs, according to a report by Bloomberg.
Funds advised by Permira have acquired a majority stake in Acuity Knowledge Partners, a provider of research, analytics and business intelligence to the financial services sector, from mid-market private equity investor Equistone Partners Europe.
Assets under management at Blackstone hit a record $974.7 billion as at the end of December 2022, an increase of 10.6% on $880.9 billion reported at the end of the same quarter in 2021, but just shy of the company’s stated $1 trillion target for the year.
Accel and Tiger Global are in discussions over the sale of their remaining stake in Indian e-commerce firm Flipkart to US retail giant and majority shareholder Walmart, in a deal valued at around $1.5 billion, according to a report by the Economic Times.
Both companies were early backers of Flipkart with Accel now holding a stake of just over 1% of the business and Tiger Global about 4%.
Walmart acquired a majority stake in Flipkart for about $16 billion in 2018 – its biggest deal ever -–and later that year set a four-year target for taking the company private..
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Vision Ridge Partners, a sustainable real assets investor, has closed the the SAF Annex Fund with $700 million of capital commitments. The fund received significant support from a diverse base of existing Vision Ridge clients as well as new institutional investors, including sovereign wealth funds, endowments, foundations, family offices, public pensions and consultants.
NESsT, a global impact investor and venture philanthropist, has launched the NESsT Violet Fund – its first fund focussed on investments in Central and Eastern Europe. The fund is launching in partnership with Dreilinden gGmbH, a Germany-based non-profit dedicated to advancing societal acceptance of gender and sexual diversity.
Capsa Healthcare, a portfolio of middle-market private equity firm Levine Leichtman Capital Partners, has acquired Tryten Technologies Inc, a provider of lightweight, non-powered carts predominantly focused on enabling telehealth solutions.
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