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Tenzing closes second fund on £400m
Fund had a target of ТЃ350m with a hard-cap of ТЃ400m and was raised in nine weeks
SwanCap nears final close for latest fund
SwanCap's private equity co-investment fund expects to close 20% above its €250m target
RJD to invest up to £12.75m in Improve
Improve most recently reported revenue and adjusted EBITDA of ТЃ10.1m and ТЃ1.7m respectively
Video: Cambridge Associates' Marcandalli on impact investing moving centre stage
In a new instalment of Unquote's Lockdown series, Annachiara Marcandalli explains why it is unlikely that coronavirus will sideline impact investing
Sherpa Special Situations III closes on €120m
Fund targets distressed companies based in Iberia and active across a wide variety of sectors
Piper to launch next fund in 2021
Managing partner Chris Curry told Unquote the fund is expected to target ТЃ150-175m
Buy-and-building through the storm
Bolt-ons remain one way of deploying capital and building value, but a tough financing market and pricing mismatches make for a challenging landscape
From PE darling to hard-hit sector: gyms face uncertain post-covid future
As gyms and fitness clubs across Europe gear up to welcome back consumers, Unquote explores their tricky path out of lockdown
Reputational risk, early secondaries help assuage LP default fears
GPs that recently raised are the ones potentially more at risk, but market sources agree widespread defaults would be far-fetched
Providence in single-asset restructuring for HSE24
GP bought a majority stake in the shopping channel operator from Ardian in 2012 via its sixth fund
EQT sells credit business to Bridgepoint
There were five or six bidders in the early stages of the sale auction, including Schroders
Hoxton closes second fund on almost $100m
Hoxton Ventures II has a 30% carry rate with a 2.5% management fee and no hurdle
Tikehau to buy stake in Euro Group
Tikehau is investing in the energy transformation sector via its T2 Energy Transition Fund
European fund closes slump by 42% amid lockdown
Unquote recorded 44 first or final closes of European PE funds between March and May, a 42% drop on the three-month average seen across 2019
Fly Ventures holds final close for second fund on €53m
Berlin-based VC will continue its focus on seed investments in enterprise software and "deeptech"
Corten closes debut fund on €392m
Corten began raising in January 2019, thus avoiding potential delays in the current market
CapMan to launch first Special Situations fund after summer
Nordic private equity firm CapMan has launched CapMan Special Situations to focus on turnarounds.Т
Gradiente buys three companies, creates Argos Surface
GP deploys capital from Gradiente II, which held a final close on its €135m hard-cap in 2019
Ubi Banca buys stake in Green Arrow Capital
This is the first financial investor that has entered the capital of the firm, owned by its founding partners
Secondaries players weigh up risk and rewards of "ring-fencing" deals
GP-led transactions isolating assets hardest hit by the Covid-19 crisis could appeal to adventurous secondaries players, but challenges abound
Black Toro exits steel producer Irestal
Deal ends a five-year holding period for Black Toro, which boosted the company's growth and expansion
VC Profile: Apex Ventures
Apex's digital-health-focused second fund is targeting €50m following a Q1 2020 first close
Cerea to launch third buyout fund
Cerea also plans to launch its fourth mezzanine vehicle with a тЌ250-275m target next month
Video: CPPIB's Delaney Brown on improved LP/GP relations
In the fourth of Unquote's Lockdown series, Delaney Brown, managing director of CPPIB, discusses improved GP/LP relations since lockdown began