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65 Equity Partners, an investment firm wholly-owned by Temasek, has invested $106 million (SGD150m) in Singapore-based immersive entertainment firm Cityneon Holdings, according to a report by Deal Street Asia.
Cityneon has previously raised SGD235 million round in a funding round in April 2021, which gave the company a valuation of over SGD1 billion.
Existing investors in the company include CITIC Capital, Pavilion Capital, EDBI, Qatar’s Doha Venture Capital and SeaTown Holdings International.
Cityneon is intending house the additional funding to expand into new markets, acquire new IPs, build up technological capabilities, and shore up its balance sheet.
The company was
KKR is to acquire Ness Digital Engineering (Ness), a global provider of full-lifecycle end-to-end digital transformation services that specialises in building digital software products and platforms, from The Rohatyn Group (TRG).
General Atlantic, a global growth equity firm, is to acquire Iron Park Capital Partners (Iron Park), a global investment manager with deep experience across public and private credit markets, to create General Atlantic Credit (GA Credit).
GA Credit will expand and enhance the firm’s ability to provide creative capital solutions to high-quality companies in need of a strategic partner at multiple stages of corporate and economic lifecycles. Tripp Smith, CEO and founder of Iron Park, will be CEO of GA Credit.
Iron Park currently offers a range of credit solutions that are rooted in a robust and well-developed investment process
Ara Partner, the majority shareholder in bio-based ingredients firm BioVeritas, has committed $65 million in additional capital to support the rapid commercialisation of the company’s production process for clean-label food and feed ingredients, gut health supplements, and industrial materials.
Ara Partners acquired BioVeritas in 2021 and recruited David Austgen, a 35-year veteran of the energy, chemicals, biofuels, and biochemicals industries, as BioVeritas’ CEO.
The company has already started delivering samples for testing to customers and potential partners, including major players in the clean-label ingredients market, from its Market Development Unit (MDU) in Bryan, TX. The new funds raised by
Sverica Capital Management (Sverica) has sold its portfolio company iWave to private equity firm Incline Equity Partners (Incline), ending a five-year partnership during which the fundraising intelligence specialist tripled in size.
Founded in 1991 and headquartered in Charlottetown, PE, Canada, iWave provides education, healthcare, and nonprofit organisations with an intuitive platform that aggregates wealth, philanthropic and biographic data and turns it into actionable intelligence that fundraising teams need to identify, cultivate, and retain donors. In addition to offering customers the world’s largest and most up-to-date charitable giving database, the Company’s comprehensive platform offers proprietary analytics and actionable insights to help
The winners of the the Private Equity Wire US Awards, which recognise excellence among private equity fund managers and service providers in the US across a wide range of categories, have been announced.
Unigestion, an independent, specialist asset manager, has held the first close of the Unigestion Direct III (UD III) Fund, its third direct private equity fund at €200 million.
The fund targets a portfolio of global, innovative mid-market companies whose growth is underpinned by long-term trends, providing investors with exposure to exciting hard-to-access companies in themes uncorrelated to GDP, such as healthcare, service efficiency, future of work and sustainable cities. It has just closed its first investment in an American substance use treatment business and will be closing its second in a European pharmaceutical company in the coming weeks.
The fund
Ridgemont Equity Partners (Ridgemont), a private investment firm specialising in buyout and growth investments in industry-leading middle market companies, has closed Ridgemont Equity Partners IV (REP IV) at its hard cap with $2.35 billion in capital commitments.
The fund significantly exceeded its initial target of $2.0 billion and brings the firm’s total assets under management to over $8.5 billion.
REP IV extends Ridgemont’s long-standing focus as a majority owner or lead minority investor in companies across three core sectors: business and tech-enabled services, industrial growth, and healthcare. Ridgemont’s senior leadership team has worked together for more than twenty years and
Sienna Private Credit (formerly ACOFI Gestion) has reached €85 million in commitments for its F2E fund with backing from MAIF and the European Investment Fund. The F2E fund has a target of €250 million and will offer tailor-made financing solutions to support SMEs and industrial players in the Energy Transition.
The fund is classified as an impact fund under article 9 of the European SFDR (Sustainable Finance Disclosure Regulation), and also has a Greenfin label which ensures that investments effectively contribute to the financing of the energy and ecological transitions.
The fund also meets the criteria promoted by Finance for
Eric Requenez has joined Ropes & Gray as a partner in the firm’s asset management practice, based in the 500-lawyer New York office. Requenez advises market-leading real estate and other private fund clients in the formation, structuring and capitalisation of their funds, offering first-rate counsel to GPs, LPs, and distributors.
His work also encompasses securities offerings, investment, regulatory and compliance matters, transactions, and other corporate matters.
Chambers USA ranks Requenez for private equity fund formation. His clients told Chambers that Eric “has incredibly strong commercial awareness and offers incredibly insightful solutions to complex matters,” provides “valuable insight and guidance on industry
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