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Private equity firm Glow Capital Partners takes controlling stake in Cargo Crew

Private Equity Insights

Private equity firm Glow Capital Partners is set to acquire a 51 per cent stake in an Australian hospitality uniform brand Cargo Crew. Glow Capital was established by Adore Beauty’s co-founder Kate Morris and former Quadrant Private Equity managing partner Justin Ryan in 2021.

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Affiliates of Paceline Equity Partners Acquire Full-Service Renaissance Dallas at Plano Legacy West

Private Equity Insights

Affiliates of Paceline Equity Partners, LLC, a Dallas-based private equity manager, today announced that they have acquired the Renaissance Dallas at Plano Legacy West Hotel, a full-service, upscale hotel located in the Legacy West development in Dallas, TX.

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PE rethinks NAV loans as investors push back

Private Equity Wire

Buyout firms have long relied on controversial loans backed by equity stakes to enhance fund returns, but growing investor criticism has triggered a slowdown, according to a report by Bloomberg UK. Many firms borrowed against their portfolio companies to sustain the private market boom while dealmaking dwindled.

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CVC and Keensight Team Up to Accelerate Sogelink’s Growth

Private Equity Insights

As we embark on this next phase of growth, we are excited to join forces with CVC and we look toward this renewed partnership with Management to drive forward the Company’s success in the coming years.” Valued at $1.45bn South Korean private equity firm MBK Partners said on Tuesday it had launched a tender offer to.

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Private equity’s cash flow woes create fundraising challenges for hedge funds

Private Equity Wire

According to Bain & Co’s annual private equity report, buyout-backed exits plummeted to $345bn last year, marking their lowest level in a decade, resulting in the private equity industry holding a record backlog of 28,000 companies valued at over $3tn.

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Robert Poirier to Lead OMERS Governance Review; OPE Acquires Integris

Pension Pulse

“Integris is a world-class platform that excels in delivering expert outsourced IT services and customer support in an industry with significant growth potential,” Eric Haley, head of buyout at Omers Private Equity, said in the statement. Cravath, Swaine & Moore LLP acted as legal counsel for OMERS Private Equity.

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CDPQ to Pump $11.2 Billion Into European Private Markets

Pension Pulse

Invest in Europe 's “ Investing in Europe: Private Equity Activity 2022 ” research has shown that 801 European private equity, venture capital, and growth funds raised 30% more in 2022 compared to 2021 (€170 billion in 2022 compared to €131 billion achieved in 2021).