private equity firm

Fintech Firm Pushes the Banking Boundaries

Fintech Firm Pushes the Banking Boundaries

A mobile-only financial institution has taken a move towards acquiring a bank charter in the US. The fintech firm called Varo Money has filed a formal application and hopes to become a national bank. This private equity backed fintech firm is yet another firm to push the banking boundaries – while the authorities are trying to keep up with the [...]

Private Equity Giant to Buy WebMD

Private Equity Giant to Buy WebMD

One of the world’s biggest and the most known private equity firms is buying an online health publisher WebMD Health Corp. The parties announced the deal on Monday evening, stating the deal would be worth around $2.8 billion.   The financials of the deal   Private equity giant KKR will pay $66.50 per share, which is a premium of 20.5% [...]

PE Firm Finstar to Invest in Fintech

PE Firm Finstar to Invest in Fintech

Private equity firm Finstar Financial Group has announced a strong commitment to fintech. The Moscow-based firm is planning to invest $150 million in fintech startups in the next five years.   Targeting high growth SMEs   The private equity group is planning to target high growth SMEs and provide help to its portfolio companies in terms of R&D. Finstar has [...]

Cirque du Soleil Leaps into an Acquisition

Cirque du Soleil Leaps into an Acquisition

Cirque du Soleil has broadened its horizon and moved beyond just being a circus arts company. The Canadian company, together with its private equity owner TPG, announced an acquisition of Blue Man Productions. The group is expected to have other targets in its bold acquisition list, as it wants to expand its grip as a global entertainment group.   The [...]

Plynk Raises €25m and Plans to Expand Outside Ireland

Plynk Raises €25m and Plans to Expand Outside ...

Irish money messaging app Plynk has secured €25 million in its recent Series A round. The investment round was led by Swiss Privée Ltd, which is a private investment trust. The fintech firm’s next step is to launch the product in the UK and Europe.   The fundraising round   The €25 million investment round was led by the Swizz [...]

Growth Capital Ventures Attracts a £57.5m Investment Fund

Growth Capital Ventures Attracts a £57.5m ...

UK fintech firm Growth Capital Ventures has attracted a £57.5m investment fund. The investment fund comes after its recent £1.1m investment from private equity, which helped the northeastern firm to create over ten jobs in the region. The latest investment will go towards helping local small businesses access capital in order to grow.   Major investment fund to boost growth [...]

Private Equity to Back a Tech Non-Profit

Private Equity to Back a Tech Non-Profit

The technology sector offers plenty of lucrative deals for private equity investors. But now one of the biggest private equity firms in the world is showing its support in an unlikely ally: a tech non-profit.   KKR announced on Tuesday it is partnering with Girls Who Code, which is a program aimed at closing the gender gap in the tech [...]

Private Equity Hungry for Tech Deals

Private Equity Hungry for Tech Deals

Private equity has not always been in love with the technology sector. A few decades ago, tech deals were considered a poor bet for private equity firms. Ideas were not thought to outweigh physical assets as an investment opportunity.   But things have changed – technology is a hot investment opportunity for firms, with many of them looking hungrily for [...]

Private Equity Brews Another Big Investment

Private Equity Brews Another Big Investment

TSG Consumer Partners announced it has bought a stake in a UK craft beer company. The deal leaves the US private equity firm with a 22.3% stake in BrewDog, with the brewer already considering an initial public offering.   The deal's finer details   BrewDog started in 2007 when founders James Watt and Martin Dickie began their venture in the [...]

TPG’s Plans to Buy Fairfax Media Stalled, But Not Scrapped

TPG’s Plans to Buy Fairfax Media Stalled, But Not ...

Private equity firm TPG might have suffered a blow to its plans of taking over Fairfax Media, but the US-based firm is unlikely to walk away from plan altogether. The Australian publisher still has value to offer for the firm but its next move is not known.   Surging stock price to stall the buyout attempts   DealMarket reported on [...]

Australia’s Fairfax Media Targeted by Private Equity

Australia’s Fairfax Media Targeted by Private ...

Private equity firm TPG Capital is looking to make a move on the Australian Fairfax Media Ltd. The news of a possible bid broke out on Wednesday and the shares in Fairfax Media saw an immediate boost. However, TPG might not have set its eyes on the whole organisation and a possible sale might result in the breakup of the [...]

Private Equity Deal Helps Save Jobs

Private Equity Deal Helps Save Jobs

A British heritage retail chain has been rescued by private equity in a last minute pre-pack administration deal. Jones Bootmaker was almost destined to go under until private equity firm Endless was able to make a deal with the retailer’s current private equity owners, Alteri.   The Leeds-based private equity firm had reportedly been talking to the distressed company since [...]

Stada Says No to Private Equity – For Now

Stada Says No to Private Equity – For Now

German pharmaceutical company Stada revealed on Thursday that it has rejected two competing private equity offers. However, the company is ready to strike a deal and has given both groups time to sweeten their bids.   Stada’s decision   In the official statement, the company said, “The Executive Board and the Supervisory Board Mutually agree that the indicative bids do [...]

Private Equity Cuddles Up with a Toymaker

Private Equity Cuddles Up with a Toymaker

A private equity-led group has bought one of the biggest independent toymakers on the market. Private equity firm Privet Capital announced its buyout of Vivid Toy Group. The UK-based toymaker is behind big toys such as Moshi Monsters and Care Bears.   The story of the toymaker   Vivid Toy Group started in 1993 by making toys under licence to [...]

Shawbrook Rejects a Major Private Equity Bid

Shawbrook Rejects a Major Private Equity Bid

When companies are faced with a lucrative private equity deal, the most common response is to take the deal quickly. Sometimes this doesn’t happen and it can leave investors and analysts puzzled. Shawbrook bank decided to go the opposite way and rejected a £825 million takeover bid – for the second time.   The UK lender had been approached by [...]