Private Equity Wire Newsletter

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NEWSLETTER | 9 Nov 2020

Mon | 9 Nov 2020, 11:59

By Nicholas d’Adhemar, founder and CEO of Apperio – Slowing deal volume is just the latest factor prompting PE firms to examine the expense of outside law firms.

Mon | 9 Nov 2020, 11:59

Cavendish Corporate Finance, a UK mid-market M&A firm, has advised Spring, a new home buying service, on securing private equity investment to support its growth strategy via circa GBP300 million in annual home buying capacity.

3i invests in MPM

Mon | 9 Nov 2020, 11:59

3i Group has agreed to invest cGBP125 million alongside management for a majority stake in MPM, an international leader in branded, premium, natural pet food.

Mon | 9 Nov 2020, 11:59

Ares Australia Management (AAM), a strategic joint venture between Ares Management Corporation (Ares), a global alternative investment manager, and Fidante Partners Limited (Fidante Partners), is launching its second Australian product, the Ares Diversified Credit Fund.

Bancroft Private Equity exits Rubik

Mon | 9 Nov 2020, 11:59

Bancroft Bridge Fund, a private equity fund managed by Vienna based Bancroft Private Equity, has sold its stake in Rubik's Brand Ltd (RBL), the London based company that owns the rights to the world famous Rubik's Cube, to Spin Master Corp (Spin Master), a global children's entertainment company.

Mon | 9 Nov 2020, 11:59

Eurazeo has made an investment in Axel Arigato, a Swedish premium trainer, ready-to-wear and accessories brand, produced in Europe and recognised for its contemporary design, high-quality products and creative brand universe.

Mon | 9 Nov 2020, 11:59

Allegro, a Luxembourg based third party management company (ManCo), AIFM and fund administrator, has rebranded as Ocorian Fund Management, following the acquisition of the company by Ocorian group in April.

Mon | 9 Nov 2020, 11:59

Integrated Graphene Ltd, a Scottish-based tech company, is to scale up production of its 3D graphene foam, Gii, following the completion of a GBP3.1 million round of investment in the business, led by Edinburgh-based business angel syndicate, Archangels, with co-investment from Par Equity, Techstart Ventures and ESM Investments.

Mon | 9 Nov 2020, 11:59

Global investment firm KKR continues to see the Philippines as an attractive market amid the global pandemic, citing the fundamental strength of the country’s economy as well as its young and dynamic population.

Oxford University AI company Mind Foundry closes USD13.6m Series A

Mon | 9 Nov 2020, 11:59

Mind Foundry, an Artificial Intelligence (AI) company which was spun out of the University of Oxford’s Machine Learning Research Group (MLRG), has raised an additional USD13.6 million in Series A funding led by Aioi Nissay Dowa Insurance Co, Ltd (ANDI) of the MS&AD Insurance Group and includes funding from existing investors Parkwalk Advisors, Oxford Sciences Innovation, the University of Oxford, and the Oxford Technology and Innovations EIS Fund.

Mon | 9 Nov 2020, 11:59

Omnes, a Paris-based investor in private equity and infrastructure, has acquired a controlling stake in the Irish solar PV developer Power Capital Renewable Energy (PCRE) via its fourth-generation renewable energy fund, Capenergie 4.

DPI elects three new partners

Mon | 9 Nov 2020, 11:59

Development Partners International (DPI), a pan-African private equity firm with USD1.7 billion in assets under management, has elected three new professionals to its Partnership.

Mon | 9 Nov 2020, 11:59

Tori Weir, who represents institutional investors in US and cross-border debt financings with a focus on secured and unsecured private placements, has rejoined Morgan Lewis from Akin Gump as a partner resident in London.

Mon | 9 Nov 2020, 11:59

Schulte Roth & Zabel (SRZ), a law firm serving the financial services industry, has added Douglas S Mintz as a partner and co-chair of the Business Reorganisation Group. Mintz, who is based in the Washington, DC office, was previously a partner at Orrick, Herrington & Sutcliffe.

ECI's MPM exit delivers a 4.4x return

Mon | 9 Nov 2020, 11:59

ECI Partners has exchanged on the sale of MPM to 3i Group plc for a return of 4.4x, with completion subject to regulatory clearance.

Mon | 9 Nov 2020, 11:59

Online mental health platform, Togetherall, has secured USD10 million investment from software and services growth investor, FPE Capital LLP (FPE).

Mon | 9 Nov 2020, 11:59

Graphite Capital, a UK mid-market private equity specialist, has made one promotion and two new appointments to its investment team.

JMP Group adds to Board of Directors

Mon | 9 Nov 2020, 11:59

JMP Group, an investment banking and alternative asset management firm, has appointed Staci Slaughter to the company’s board of directors, effective 5 November, 2020.