PE Tech Report

Latest News

Lightyear Capital, a New York-based private equity firm focused on financial services technology, healthcare and business services, has closed a single-asset continuation fund for portfolio company ampliFI Loyalty Solutions.
Blackstone, the world’s largest alternative asset manager and a leading credit investor with nearly $420bn in assets across corporate and real estate credit, has appointed Dan Leiter as Head of International for Blackstone Credit & Insurance.
US middle-market private equity firm Vestar Capital Partners has closed a $1.2bn single-asset continuation vehicle for its stake in Circana, a global consumer behaviour adviser, with Blackstone Strategic Partners and HarbourVest Partners acting as lead investors in the transaction.
COMPLY, a provider of compliance software, consulting and education resources for the financial services sector including hedge funds and private equity firms, has appointed Michael J Stanton as its Chief Executive Officer.
New Mountain Capital, which manages over $35bn across private equity, credit and net lease real estate, has closed its latest direct lending fund, New Mountain Guardian III BDC, with around $1.15bn of capital commitments from a diverse group of investors.
Concord, a US investment group backed by Apollo Global Management, has raised its bid for Hipgnosis Songs Fund to $1.5bn, surpassing a competing offer from Blackstone and initiating a bidding war, according to a report by the Financial Times.
Funds advised by private equity firm Triton have agreed to sell EQOS, a European specialty installation and service company providing critical infrastructure, to Eiffage Énergie Systèmes, part of French construction group Eiffage. 
TOP STORY: Private equity funds managed by Blackstone are to acquire Tropical Smoothie Cafe, a franchisor of fast casual restaurants, from Levine Leichtman Capital Partners, marking the first deal from the most recent vintage of Blackstone’s flagship PE strategy.
Global law firm Paul Hastings has added Alexander Temel as a Partner and Global Co-Chair of its private equity practice. In his new role, Temel will serve as a founding member of the firm’s new Boston office. 
IK Partners’s IK Partnership II Fund has acquired a minority stake in A-SAFE, a UK designer, manufacturer and distributor of industrial polymer safety barrier systems, from the company’s management team, led by Co-CEOs James and Luke Smith. 

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