Private Equity

TPG Rise Climate Buying Emissions Reduction Company MIRATECH

By Amit Chowdhry ● Sep 10, 2024

TPG Rise Climate - which is the dedicated climate investing strategy of TPG’s global impact investing platform - announced that it has acquired MIRATECH - which is a global market leader in aftermarket emissions and noise reduction technology for stationary industrial engines.

Five Point Energy: Fund IV Closed At $1.4 Billion

By Amit Chowdhry ● Sep 9, 2024

Soluna Holdings: Green Data Center Developer Company Raises $25 Million

By Amit Chowdhry ● Sep 9, 2024

Soluna Holdings, a developer of green data centers for intensive computing applications including Bitcoin mining and AI, announced today that it has entered into a $25 million Standby Equity Purchase Agreement (SEPA) with a fund managed by Yorkville Advisors Global L.P.

PSG Invests In Education Technology Platforms Verity IQ And Campus Ivy

By Amit Chowdhry ● Sep 9, 2024

PSG (a leading growth equity firm specializing in partnering with technology-enabled services companies) announced a strategic growth investment today in two software companies serving career, community, trade, and higher education institutions and their students: Verity IQ and Campus Ivy. Verity IQ is a customer relationship management (CRM) and student information system (SIS) provider. And Campus Ivy is a provider of financial aid solutions.

Harvestone: $205 Million Carbon Capture And Sequestration Tax Equity Financing Closed

By Amit Chowdhry ● Sep 5, 2024

Harvestone Low Carbon Partners, LP (HLCP), which is one of America's leading decarbonization platforms, and a portfolio company of Energy Capital Partners (ECP), announced that it closed a first-of-its kind tax equity financing with Bank of America.

Ara Partners Closes $335 Million Of Non-Recourse Financing For Magnet Manufacturing Facility

By Amit Chowdhry ● Sep 5, 2024

Private equity firm Ara Partners announced the successful closing of a $335 million non-recourse financing of a first-of-its-kind U.S. permanent magnet manufacturing facility, undertaken by Ara Partners and its portfolio company Vacuumschmelze (VAC). This deal marks a vital step in advancing the U.S. domestic supply chain for electric vehicles, aerospace and defense, renewable energy, etc.

Oaktree and AVANA Companies Launch $250 Million JV

By Amit Chowdhry ● Sep 5, 2024

AVANA Companies and funds managed by Oaktree Capital Management L.P. announced the formation of a new $250MM AVANA-Oaktree Private Credit Partnership (AOPCP) for its direct private commercial real estate lending strategy. And through the joint venture (JV), AVANA will use the capital to provide private debt financing in the US over the next three years.

Amtivo Raises Growth Investment From Audax

By Amit Chowdhry ● Sep 4, 2024

Customized equity solutions company Audax Strategic Capital (ASC) has announced an investment in Amtivo, a global B2B provider of accredited certifications and assurance services and a portfolio company of Charterhouse Capital Partners. The terms of the deal were not disclosed.

CenterOak Partners: $1.1 Billion Fund III Closed

By Amit Chowdhry ● Aug 26, 2024

Dallas-based private equity firm CenterOak Partners announced today the closing of CenterOak Equity Fund III, L.P.. This fund was oversubscribed and achieved its hard cap with total capital commitments of over $1.1 billion.

Advance Auto Parts Selling Worldpac To Carlyle For $1.5 Billion

By Amit Chowdhry ● Aug 23, 2024

Advance Auto Parts (a leading automotive aftermarket parts provider in North America that serves professional installers and do-it-yourself customers) announced that it has entered into a definitive agreement to sell Worldpac (an automotive parts wholesale distribution business) to funds managed by global investment firm Carlyle for $1.5 billion in cash. This deal is expected to close before the end of the year.

Franklin Templeton’s PE Platform Closes Second Enterprise Tech Growth Equity Fund

By Amit Chowdhry ● Aug 23, 2024

Franklin Templeton announced the successful final closing of its second enterprise technology growth equity fund. This fund is managed by Franklin Venture Partners, the private investing platform of Franklin Templeton’s Franklin Equity Group.

Avantor Selling Clinical Services Unit To Audax In $650 Million Deal

By Amit Chowdhry ● Aug 22, 2024

Avantor (a leading global provider of life sciences products and services) announced the signing of a definitive agreement to divest its clinical services business, including kitting, biorepository, and related equipment and ancillaries (clinical services) to Audax Private Equity, for a deal value of approximately $650 million.

KKR Buys Six Class A Industrial Warehouses In $377 Million Deal

By Amit Chowdhry ● Aug 20, 2024

Global investment firm KKR announced that it has acquired a portfolio of six well-located, Class A industrial logistics properties in major U.S. Gateway and Sunbelt markets for approximately $377 million.

NextGen Growth Partners Closes $165 Million Fund III

By Amit Chowdhry ● Aug 20, 2024

Chicago-based private investment firm NextGen Growth Partners (NGP) has closed its third fund, NextGen Growth Partners Fund III, LP at its $165 million hard cap. And Fund III was oversubscribed at a first and final close, welcoming capital commitments from new institutional partners alongside continued support from its existing partners.

Vista Equity Partners Buys Enterprise Procurement Company JAGGAER

By Amit Chowdhry ● Aug 17, 2024

Vista Equity Partners announced the acquisition of JAGGAER, a global leader in enterprise procurement and supplier collaboration software, from Cinven. The terms of the transaction were not disclosed.

H.I.G. Capital Affiliate Acquires Axis Europe Limited

By Amit Chowdhry ● Aug 17, 2024

H.I.G. Capital - a leading global alternative investment firm with $64 billion of capital under management - announced that one of its affiliates has acquired Axis Europe Limited, a leading UK provider of property maintenance services, from its founder and owner, John Hayes. Hayes will reinvest alongside H.I.G. and join the board as a non-executive director. The financial terms of the transaction have not been disclosed.

Resurgens Technology Partners: $800 Million Third Fund Closed

By Amit Chowdhry ● Aug 17, 2024

Resurgens Technology Partners (RTP), a private equity firm investing in North American and European lower middle-market software companies, announced the completion of fundraising for its Fund III, securing $800 million in commitments. Fund III follows Resurgens’ two previous funds RTP I (raised over $200 million) and RTP II (raised over $500 million).

Chartis Raises Majority Investment From Blackstone

By Amit Chowdhry ● Aug 16, 2024

Chartis (a leading healthcare advisory firm) announced that it has entered into a definitive agreement to receive a majority investment from funds managed by Blackstone. This strategic investment will support the firm’s growth as a leading advisor to providers, payers, technology innovators, retail companies, and investors who are making positive and transformative changes within US healthcare. This investment also includes continued equity participation from Audax Private Equity.

EQT Buying PropertyGuru For $1.1 Billion

By Amit Chowdhry ● Aug 16, 2024

PropertyGuru Group - Southeast Asia’s leading property technology company - announced that it has entered into an agreement and plan of merger with affiliates of BPEA Private Equity Fund VIII Limited (part of EQT AB, a purpose-driven global investment organization) under which EQT Private Capital Asia will acquire the company in an all-cash transaction that values PropertyGuru at an equity value of approximately $1.1 billion.

Quinbrook Infrastructure Partners Raises Over $4.3 Billion To Invest In Energy Transition

By Amit Chowdhry ● Aug 14, 2024

Quinbrook Infrastructure Partners, a specialist global investment manager focused exclusively on the infrastructure needed for the energy transition, announced it has held a final closing of the Net Zero Power Fund.

KKR Buying Majority Stake In FGS ($1.7 Billion Deal)

By Amit Chowdhry ● Aug 11, 2024

KKR announced the acquisition of WPP’s full equity position in FGS Global, a major global communications and public affairs consultancy. The proposed deal is supported by FGS management, builds on KKR’s initial minority investment in July 2023, and values FGS at $1.7 billion.

Amulet Capital: Fund III Closed At $1.2 Billion

By Amit Chowdhry ● Aug 11, 2024

Amulet Capital Partners, LP (a middle-market private equity investment firm focused on the healthcare sector) announced the closing of Amulet Capital Fund III with about $1.2 billion in capital commitments.

StoneTree Investment Partners: Inaugural Fund Closed At $155 Million Hard Cap

By Amit Chowdhry ● Aug 11, 2024

StoneTree Investment Partners - a lower middle market private equity firm specializing in buy-outs of industrial and manufacturing businesses in the United States and Canada - announced the first-and-final closing of its debut fund, StoneTree Investment Partners Fund I, LP, with total capital commitments of $155 million.

Knox Lane: Oversubscribed Second Fund at Closed At $1 Billion Hard Cap

By Amit Chowdhry ● Aug 11, 2024

Growth-oriented investment firm Knox Lane announced the final closing of its second institutional fund KLC Fund II (KLC II), with $1 billion in total commitments, surpassing its target of $850 million and meeting its hard cap. The oversubscribed fund received significant support from existing and new investors and saw a 46% increase in fund size over Knox Lane's first fund, which was $610 million. With the closing of KLC II, Knox Lane now manages approximately $3 billion.

Cloverleaf Infrastructure Secures Over $300 Million In Commitments

By Amit Chowdhry ● Jul 30, 2024

Cloverleaf Infrastructure announced that it secured capital commitments totaling over $300 million from private equity investors NGP and Sandbrook Capital, along with contributions from its management team.

One Equity Partners Invests In Stellantis Spin-Off Comau

By Amit Chowdhry ● Jul 29, 2024

Stellantis, one of the world’s largest automakers and mobility providers, and One Equity Partners (OEP), a middle-market private equity firm, announced that OEP has signed a binding agreement to make a majority investment in Comau S.p.A., a global technology company specializing in industrial automation and advanced robotics.

Kingswood Capital Management: $1.5 Billion Raised For Oversubscribed Third Fund

By Amit Chowdhry ● Jul 29, 2024

Kingswood Capital Management, an LA-based private equity firm focused on buyouts of middle-market businesses with operational improvement potential, announced the final closing of Kingswood Capital Opportunities Fund III, L.P., with total capital commitments of $1.5 billion, including a 5% GP commitment, emphasizing the firm’s confidence in its strategy and providing strong alignment with its investors. This brings the firm’s total assets under management (AUM) to about $3.2 billion.

NewSpring: $390 Million Raised For Fifth Mezzanine Fund

By Amit Chowdhry ● Jul 26, 2024

NewSpring, a family of private equity strategies, announced the final closing of NewSpring Mezzanine Capital V (NSM V), out of the firm's dedicated private credit strategy, NewSpring Mezzanine. In total, the fund was oversubscribed with total commitments of $390 million. NSM V received strong support from existing and new investors, including a diverse group of banks, insurers, public plans, financial institutions, and individuals.

Agellus Capital: Inaugural Fund Closed At $400 Million

By Amit Chowdhry ● Jul 25, 2024

Agellus Capital—a lower middle-market private equity firm focused on partnering with essential and non-discretionary services companies—announced the final closing of its debut fund, Agellus Capital Private Equity Fund I, with total limited partner capital commitments of $400 million.

Bregal Sagemount Closes Inaugural Small-Cap Fund At $500 Million

By Amit Chowdhry ● Jul 25, 2024

Growth-focused private equity firm Bregal Sagemount announced the successful closing of its inaugural small-cap fund, Bregal Sagemount Basecamp I at $500 million. This fund closed at its target and hard cap, inclusive of strong support from existing limited partners, several new institutional investors, and a significant GP commitment.