Proskauer
Travers Smith bolsters funds practice with hire from Proskauer
Tosin Adeyeri joins with particular experience in secondary portfolio transactions
European SBOs sink to lowest level since GFC, leaving sponsors weighing exit options
Hopes for exits comeback pinned on M&A uptick and shift in valuation expectations in 2H 2023
FPE sells IWSR to Bowmark Capital
FPE Capital acquired the business in April 2018 and Allied Irish Bank provided acquisition finance
Lugard Road invests $73m in Investcorp-backed Ageras
Transaction reportedly gives the company a valuation of around $244m
Investcorp-backed Impero acquires Netop
Acquisition was made partly to internationalise Impero's business, particularly in the US
Pollen Street sells SRG to HGGC
Deal represents a full exit for Pollen Street Capital, which was invested in SRG through its third fund
Video: Proskauer's van Zyl discusses fund formation trends
The Proskauer partner recaps the firm's mandates over the past year and how the market reacted to the coronavirus crisis
Hg closes Saturn 2, Mercury 3 and Genesis 9 on hard-caps
Proskauer provided legal advice and Rede Partners acted as placement agent for the three funds
Priveq holds first and final close for sixth fund
Vehicle will be used to develop growth companies with a turnover of SEK 100m-1bn
Tenzing closes second fund on £400m
Fund had a target of £350m with a hard-cap of £400m and was raised in nine weeks
Spectrum Equity IX hits $1.5bn hard-cap
Fund targets investments in internet-enabled software and information service companies
Atomico closes fifth-generation fund on $820m
Atomico V is the largest of any Europe-based venture fund in 2020, according to Unquote Data
Searchlight invests in Penta-backed GRP
Searchlight will take a majority stake, with other investors taking minority positions
G Square closes third fund on €500m
Investors in the fund include Adams Street Partners, Banca March, Cresta and Goodgrower
Mid-market stays loyal to English limited partnership
Luxembourg structures may have their proponents, but the Brexit drama does not seem to have dented the appeal of the English partnership
Sidley hires Proskauer partner
Eleanor Shanks joins Sidley Austin's private equity practice from Proskauer Rose
When, whether and how PE sponsors should implement blockchain for portfolio companies
Unquote sister publication Private Equity Law Report speaks to two experts at Proskauer
Proskauer appoints Moghli as partner
Moghli will advise fund sponsors and financial institutions on fund-formation matters
Rubicon sells Farsound Aviation to AGIC for £115m
Aviation-focused supply chain management company was reportedly marketed based on £11.4m EBITDA
Investcorp acquires Ubisense's SmartSpace for up to £35m
Deal for the location software and hardware developer is the GP's fifth from its fourth tech fund
Motive Partners backs Finantix
Following the deal, the company's founders and management team will continue to lead the business
Hg Saturn holds final close on £1.5bn hard-cap
Software-dedicated vehicle is already 40% deployed across investments in Visma and Iris
GIC et al. in $100m round for Acorn OakNorth
Latest funding round values the digital challenger bank at around $2.3bn, three years after inception