Private Equity Wire Newsletter

Not displaying correctly? View this email in your browser

NEWSLETTER | 21 Feb 2020

Closing time: Atomico's fifth fund to focus on Europe

It's all about fundraising this week as we report on several fund closings including Atomico's fifth offering at USD820 million. Private Equity Wire's Karin Wasteson finds out from Camilla Richards, partner and head of investor relations, how the firm has “increased its focus over the years to really double down its efforts in Europe.”

According to Richards, the fund will target companies that facilitate “transformational change,” within sectors including healthcare, the technology to transform the way we grow our food, to housing, and every aspect of technology.

Another fund in the spotlight this week is Israeli VC firm Grove Ventures' second offering, which has closed at USD120 million, and will look to back early-stage deep technology startups looking to gain traction in European and US markets.

We also have news of Align Capital Partners' USD450 million Fund II, plus Pamlico Capital's fifth fund which has secured USD1.4 billion in capital commitments and will focus on equity and buyout opportunities within the business and technology services, communications and healthcare sectors in North America.

Private Equity Wire

Atomico to "double down efforts in Europe" as it closes fifth fund on USD820 million

Fri | 21 Feb 2020, 10:19

As London-based VC firm Atomico closed Atomico V on USD820 million today (18/02/20), Atomico’s head of IR tells PEW the firm has “increased its focus over the years to really double down its efforts in Europe.”

Fri | 21 Feb 2020, 10:19

Grove Ventures, an early-stage deep tech-focused Tel Aviv-based VC firm, has held a final close of Grove Ventures II with total commitments of USD120 million.

Fri | 21 Feb 2020, 10:19

Global law firm Mayer Brown has found that the total annual value of acquisitions of UK companies by US private equity funds jumped 53 per cent last year to GBP14.2 billion; up from GBP9.3 billion in 2018. It is the latest sign of favourable market economics in the UK, which has seen a widening valuation gap relative to European listed equities as the country has convulsed from the vacillations of Brexit.

Fri | 21 Feb 2020, 10:19

As Covid-19 (coronavirus) keeps spreading and the death-toll is rising on a daily basis, the UK is waiting to see what will happen next as France confirmed Europe’s first fatality over the weekend.

Fri | 21 Feb 2020, 10:19

Align Capital Partners (ACP) has closed its second private equity investment fund, Align Capital Partners Fund II, LP and Align Capital Partners Fund II-A, LP (ACP II) at its hard cap of USD450 million.

Pamlico Capital closes USD1.4bn fund V

Fri | 21 Feb 2020, 10:19

Pamlico Capital (Pamlico), a lower middle market private equity firm focused on growth-oriented businesses, has held the first and final close of Pamlico Capital V (PC V) at the fund’s hard cap with total commitments of USD1.4 billion.