Private Equity Wire Newsletter

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NEWSLETTER | 9 Dec 2020

Wed | 9 Dec 2020, 11:56

Wellington Management (Wellington) has held the final close of its private equity strategy Wellington Hadley Harbor III with USD1.8 billion in commitments and up to USD400 million from co-investors to invest alongside the Fund.

Wed | 9 Dec 2020, 11:56

Macfarlanes has advised long-standing client Alcentra on the successful fundraising of its second European strategic credit fund which has closed at EUR557 millio.

Full ESG integration on the horizon

Wed | 9 Dec 2020, 11:56

Several factors are fuelling increasing integration of sustainable investment practices among Limited Partners (LPs) and General Partners (GPs). Growing knowledge, enhanced reporting requirements and improved understanding of the connection between environment, social and governance (ESG) factors and returns are all driving a sharper need for investment which is more socially conscious.

Wed | 9 Dec 2020, 11:56

New independent private equity firm Ten Coves Capital has assumed the management of two Napier Park Financial Partners growth equity funds, with an aggregate of USD325 million in committed capital, and will continue to support existing growth equity portfolio companies and investors.

Outfund raises GBP37m investment led by Fuel Ventures

Wed | 9 Dec 2020, 11:56

Fintech company Outfund has closed a GBP37million late seed round of capital, including debt and equity. The funding round was led by Fuel Ventures and sees TMT Investments and Force Over Mass also invest in Outfund as it provides a faster, fairer and more affordable way for SMEs to raise growth capital.

Wed | 9 Dec 2020, 11:56

Global investment firm The Carlyle Group is to acquire a majority stake in iC Consult Group, a leading specialised provider of Identity and Access Management (IAM) in the DACH region.

Capital Partners invests in gohenry

Wed | 9 Dec 2020, 11:56

Gaia Capital Partners has masde its first investment in the UK in a USD40 million growth round for gohenry alongside US funds Edison Partners, Citi Ventures and Muse Capital.

Wed | 9 Dec 2020, 11:56

Manchester-based developer and provider of software for the legal sector Summize has secured an additional GBP1 million investment in a funding round led by NPIF – Maven Equity Finance.

Wed | 9 Dec 2020, 11:56

The Mochi Ice Cream Co and its majority owner, Lakeview Capital, have closed a financing in partnership with Bregal Partners, a New-York based private equity firm focused on investing in middle market companies within consumer and food sectors and committed to promoting corporate social responsibility in all aspects of its business.

Metropolitan Partners appoints new CFO

Wed | 9 Dec 2020, 11:56

Metropolitan Partners Group (Metropolitan), a private credit fund manager based in New York that provides short-term, senior-secured, collateralised loans to small and mid-sized, non-sponsored businesses, has appointed Ed Giordano as Chief Financial Officer (CFO), replacing Eric Chasser who has taken on the new role of Chief Operating Officer at Metropolitan.

Wed | 9 Dec 2020, 11:56

WilliamsMarston, a provider of complex accounting, tax and management consulting services advising public, private equity-backed, and pre-IPO companies, has acquired BA Major Associates, a provider of corporate tax advisory services focused on the biotechnology, pharmaceutical, medical device, healthcare, renewable energy and technology sectors.

Wed | 9 Dec 2020, 11:56

Global investor services group IQ-EQ has appointed of Wendy Piergolam as Head of Client Development for the United States.

Wed | 9 Dec 2020, 11:56

Foresight Group (Foresight), an independent infrastructure and private equity investment manager, has celebrated the three-year anniversary of its FP Foresight UK Infrastructure Income Fund (FIIF).

Wed | 9 Dec 2020, 11:56

Arma Partners has acted as exclusive financial advisor to Exclaimer, a portfolio company of Livingbridge, on its sale of a majority stake to Insight Partners with participation from Farview Equity Partners.