early stage

Disrupting Foreign Exchange with Blockchain

Disrupting Foreign Exchange with Blockchain

Last week Lykke announced a competition to build a new and superfast foreign exchange and settlement platform based on blockchain. Its Swiss founder is Richard B. Olsen. He was a fintech founder long before that buzzword entered our vocabulary. In the eighites, he established a real time financial information system and in the nineties, a Forex trading platform startup that [...]

Cinven to Sell ‘Zombie’ Life Assurer

Cinven to Sell ‘Zombie’ Life Assurer

  Private equity firm Cinven could be about to sell the life insurance group, Guardian Financial Services, to another UK insurer. Reports on Thursday confirmed Phoenix is exploring to possibility of an acquisition – the deal could potentially exceed £1 billion.   Cinven’s Decision to Sell   The private equity firm bought Guardian Financial Services in 2011 from the Dutch [...]

PE Firms Compete to Buy CARE Hospitals in India

PE Firms Compete to Buy CARE Hospitals in India

  Private equity firm Advent International announced it is looking to sell its stake in the Indian hospital chain CARE Hospitals, but it looks another private equity firm could take its place. Big firms are set to battle it out for the healthcare business, with negotiations aiming to find a buyer by the end of the month.   The Possible [...]

Petco’s Private Equity Owners Turn to Dual-Track Process

Petco’s Private Equity Owners Turn to Dual-Track ...

  One of the terms that currently keeps popping up in private equity news is dual-track process. Many private equity firms are looking at initial public offering (IPO) at the same time as talking with potential bidders in order to exit their investments. The latest firms to do so are TPG Capital and Leonard Green & Partners, as they are [...]

Singapore-Based Private Equity Fund Closes Its New Fund

Singapore-Based Private Equity Fund Closes Its New ...

  Private equity firm Lion Global Investors announced on Thursday that it had closed its latest fund. The private equity firm formed the fund together with the Singapore-headquartered OCBC Bank and after a rocky start had to upsize it. The hope is to use the new fund for investments in small and medium-sized companies in Asia.   The Fund   [...]

Private Equity Firms Race to the Finish Line with Homeplus

Private Equity Firms Race to the Finish Line with ...

  Monday marks the deadline for bids for the Tesco South Korean unit, Homeplus. The unit is valued at around $6 billion and a number of big private equity firms are reportedly finalising their bids to snatch the supermarket.   Forming Alliances   Reports on Sunday’s Korean newspapers suggest global private equity firms are creating alliances in order to win [...]

Private Equity Firm Warburg Pincus to Participate on Human Genome Program

Private Equity Firm Warburg Pincus to Participate on...

  Private equity firms are used to investing in the healthcare sector, but one US-based firm is now getting involved in the field of human genomics. Private equity firm Warburg Pincus is teaming up with other investors to create a new platform in the field of consumer genomics called Helix.   The Announcement   The new business venture was announced [...]

Chinese Private Equity Firm to Buy US Chipmaker for $23 Billion

Chinese Private Equity Firm to Buy US Chipmaker for ...

  Chinese private equity firms are causing waves in the private equity industry. One of the region’s biggest firms might be bidding for the US-based Micron Technology Company, with reports suggesting the firm has offered around $23 billion for the chipmaker. But will US authorities accept the deal?   Reporting on the Rumours   The rumours broke out when the [...]

Private Equity Firm Might Receive Multiple Offers Over Formula One

Private Equity Firm Might Receive Multiple Offers ...

  Rumours over the weekend suggest private equity firm CVC might be looking into selling its stake in the Formula One franchise, with a number of potential bidders emerging to take over in one of the world’s most famous motor sports.   CVC’s Involvement   The private equity firm currently has a controlling stake in Formula One. The company bought [...]

Private Equity Firms Bidding $10 Billion for NCR

Private Equity Firms Bidding $10 Billion for NCR

  Private equity firms Blackstone Group and Carlyle Group are preparing for one of the biggest deals of the year. According to the reports the two private equity giants are offering over $10 billion for the US company NCR, which manufactures cash registers and ATMs.   The Reports   Several news outlets started reporting the deal on Tuesday, with speculation [...]

Private Equity Firms Show Interest Towards Cofunds

Private Equity Firms Show Interest Towards Cofunds

  Reports from Monday suggest Legal & General might be on the verge of selling its Cofunds platform. The firm acquired the platform just two years ago and sources are suggesting private equity firms might be after the fund supermarket.   Legal & General’s Deal   Two years ago, the firm bought the Cofunds platform in a deal that valued [...]

Private Equity Giants Might Go After Tesco’s South Korean Empire

Private Equity Giants Might Go After Tesco’s South...

  Tesco announced this week that it is looking to sell its South Korean arm of the business empire, as it tries to turn its business fortunes around. The British retailer has invited at least six firms to bid for the company, among the firms some very notable private equity companies.   Tesco’s Plan The retailer giant announced it is [...]

How quickly can Apollo finalise the Verallia deal?

How quickly can Apollo finalise the Verallia deal?

Private equity firm Apollo has won the bidding war to enter exclusive talks to buy glassmaker Verallia. The firm has reportedly made an offer which would value Verallia at €2.95 billion. Glassmaker Verallia has entered exclusive talks with private equity firm Apollo Global Management. The private equity firm is hoping to buy Verallia in a deal which would value the [...]

Digital Health Investment Mounts, M&A Too

Digital Health Investment Mounts, M&A Too

Digital Health is a fairly new VC category that is starting to heat up in the US, with USD 630 million raised in the first quarter, according to data from Rock Health. The segment’s early stage is evident in the predominance of Seed and “Series A” rounds, but M&A in the US is also picking up, which may mean early [...]

Private Equity Firms Looking at Fresh Food Company Bakkavor

Private Equity Firms Looking at Fresh Food Company ...

Reports over the weekend suggest some of Europe’s top private equity firms are circling over the fresh food giant Bakkavor. The UK supplier of fresh prepared foods has previously announced it is looking to sell a set of shares in its business and the deal might be an interesting opportunity for private equity firms.   The Reports Sky News reported [...]