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Brookfield Asset Management is to acquire a significant minority interest in independent publisher Primary Wave Music in a deal valued in excess of $2 billion, according to a report by PE Insights.
Andera Partners’ specialist therapeutics and medical technologies asset management company, Andera Life Sciences, closed its BioDiscovery 6 fund with €456 million in capital commitments.
Existing institutional investors of the BioDiscovery funds have chosen to support the new vehicle along with new subscribers, including funds of funds, insurance companies, pension funds, family offices, private investors and pharmaceutical companies.
The new fund will enable the management team to pursue its investment strategy focused on building a balanced portfolio of innovative companies developing therapeutics and medical technologies, at all stages of their development, in Europe and the United States. To date, BioDiscovery 6
Adams Street Partners, a private markets investment firm with more than $50 billion of assets under management, is promoting Brijesh Jeevarathnam to partner & global head of fund investments.
Jeevarathnam, who joined Adams Street as a Partner in Primary Investments in 2016, will also become a member of the firm’s Executive Committee as part of his new role.
Jeevarathnam succeeds Kelly Meldrum, who is retiring after 17 years as a partner & head of primary investments at the firm. Meldrum will transition her duties at year-end and will make herself available through the end of Q1 2023.
Since joining Adams
US private equity firm EnCap Investments is considering options to sell two bundles of oil and gas assets in Texas, raising more than $6 billion, Bloomberg has reported.
Hong Kong based buyout firm Affinity Equity Partners is in advanced talks with Brookfield Asset Management to acquire Hong Kong-based clothing label maker Trimco Group, valuing the company as much as $1 billion, Bloomberg has reported.
An agreement could be reached in the next few weeks, the report said quoting sources.
Affinity has been exploring a sale of Trimco earlier this year after receiving takeover interest. The source said Brookfield has outbid other private equity firms for the deal.
Founded in 1978, Trimco makes clothing labels, radio frequency identification tags, packaging and trimming products and store decorations for a client
Veritas Capital is considering a sale or IPO for portfolio company Guidehouse, which could value the business at $7 billion, according to a Bloomberg report.
EmployBridge, an industrial-staff company backed by Apollo Global Management has agreed to buy the Bluecrew business from IAC Inc, according to a report by Bloomberg.
Tiger Global is targeting $6 billion for new fund that will look to invest in invest in startups, “largely in enterprise themes and in India”, according to a report by The Financial Times.
The report cites a letter sent to limited partners as revealing that fundraising for the new fund – Private Investment Partners Fund 16 – the $6 billion target size is less than half the size of Tiger Global’s prior investment vehicle, which closes in February with $12.3 billion in commitments, and reflects expected lower company market valuations following the tech sector rout earlier this year.
Less than
TPG Rise, the global impact investing platform of private equity giant TPG, has anchored a $450 million series E financing round in energy storage systems developer Form Energy Inc.
Private equity firm Alpine Investors (Alpine) has added Ethisphere, a specialist in defining and advancing the standards of ethical business practices, to its newly formed data software business platform, predictis. Terms of the private transaction have not been disclosed.
The partnership with Alpine will allow Ethisphere to build on its long history of helping companies strengthen their ethics, governance and integrity practices and partnering with companies around the globe on their journey to better.
Ethisphere helps companies strengthen their integrity practices through data, tools and expertise. Data-centred decisions are expected by multiple stakeholders, such as board members, investors, communities and regulators,
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