Private Equity Wire Newsletter

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NEWSLETTER | 13 Jan 2021

Wed | 13 Jan 2021, 12:18

Private equity (PE) firms are holding their in-house lawyers responsible for outside counsel costs, but the organisational structure of PE houses and lack of data inhibits their ability to control legal expenses.

Wed | 13 Jan 2021, 12:18

Peterson Search Partners, a new Peterson Partners strategy dedicated to search funds and micro-private equity, has announced a USD48 million fundraise for Fund I.

Wed | 13 Jan 2021, 12:18

The investment fund Taste of Italy 2, managed by DeA Capital Alternative Funds SGR and Foodiverse Hold, is to acquires 60 per cent of the shares of Alimentación y Nutrición Familiar (Alnut) – a specialist in family and infant nutrition. The remaining 40 per cent stake remains with Foodiverse, the group to which the company currently belongs.

Wed | 13 Jan 2021, 12:18

Alter Domus, a fully integrated provider of fund administration, debt capital markets and corporate services backed by the Permira funds, has acquired Strata Fund Solutions (Strata), a fund administrator serving US private equity and venture capital funds.

Inflexion to sell Bollington Wilson

Wed | 13 Jan 2021, 12:18

Inflexion is to sells Bollington Wilson, an independent UKinsurance brokers, to US listed Arthur J Gallagher.

Alpine invests in Innovative Systems

Wed | 13 Jan 2021, 12:18

Alpine Investors (Alpine), a private equity firm focused on middle-market software and services companies, has made a strategic investment in Innovative Systems (Innovative), a provider of mission-critical enterprise software for the independent telecommunications industry.

Wed | 13 Jan 2021, 12:18

Open Farm, a premium pet food brand committed to raising the bar on the way we feed our pets, has raised USD65 million in its latest round of funding, led by leading global growth equity firm General Atlantic (GA).

Wed | 13 Jan 2021, 12:18

Curve, a London-based fintech that combines multiple cards and accounts into one smart card and app, has secured USD95 million from a group of international investors as part of a successful Series C round.

Wed | 13 Jan 2021, 12:18

Interface Security Systems, a managed service provider delivering business security, managed network, UCaaS, and business intelligence solutions to distributed enterprises, has completed a USD60 million equity financing transaction led by its current sponsors SunTx Capital Partners and Prudential Capital Partners.

LSP and Philip Scheltens launch fund to fight dementia

Wed | 13 Jan 2021, 12:18

LSP, a European life sciences investor, has launched the LSP Dementia Fund, a fund dedicated to fight neurodegenerative diseases. The fund will be managed by Professor Philip Scheltens, a world-renowned dementia scientist and thought leader.

Wed | 13 Jan 2021, 12:18

Silver Oak Services Partners (Silver Oak), a lower-middle market private equity firm focused exclusively on business, healthcare, and consumer services companies, has completed the sale of BBG.

Wed | 13 Jan 2021, 12:18

Hornetsecurity Group, a European provider of cloud-based email security and data protection headquartered in Germany, is to acquire Altaro, a high-growth international provider of reliable backup solutions.

Wed | 13 Jan 2021, 12:18

TERAM Capital SA, an independent alternative investment company, has been authorised by the Swiss Financial Market Supervisory Authority (FINMA) as an authorised asset manager of collective investment schemes.

Wed | 13 Jan 2021, 12:18

Global professional services firm Alvarez & Marsal (A&M), has appointed Abhinav Agarwal as a Senior Director based in London. Agarwal joins A&M’s Global Transaction Advisory Group to lead their Global Transaction Analytics (GTA) service offering in Europe and brings more than 15 years of transactions experience.

BlueBay adds two special situations hires to Leveraged Finance team

Wed | 13 Jan 2021, 12:18

Specialist fixed income manager, BlueBay Asset Management (BlueBay), has made two new hires as it bolsters its developed market special situations capabilities – namely Neill Morgan, as a Senior Analyst and Juan Herrero, as an Analyst.

HKW appoints Principal

Wed | 13 Jan 2021, 12:18

HKW, an Indianapolis-based middle-market private equity firm, has promoted Tom Shaw, a Vice President at the firm, to Principal, effective 1 January, 2021.

Wed | 13 Jan 2021, 12:18

ICV Partners, an investment firm focused on lower middle market companies in consumer products, business services, healthcare and food, has appointed Kristie Goodman, an institutional investment and marketing expert with over 16 years of experience i the alternative investment space, to the newly-created position of Director of Investor Relations & Strategic Partnerships.

Wed | 13 Jan 2021, 12:18

Nordic Capital has announced two promotions – Pär Norberg, Head of Investor Relations, has been promoted to Partner following his instrumental role in the successful virtual fundraising of Nordic Capital Fund X, which reached over EUR6 billion in less than six months and closed in September 2020, while Philippe Neuschäfer has been promoted to Partner with a focus on lower mid-market healthcare investments in the DACH region.