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Bain Capital to Buy Envestnet in $4.5bn deal

Private Equity Insights

Private-equity firm Bain Capital will buy Envestnet, in a $4.5bn deal, adding to its portfolio a financial software vendor that counts 16 of the 20 biggest U.S. Its clients also include 48 of the 50 largest wealth management and brokerage firms. banks among its customers.

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Cinven Pours €160m into Eurovita Debt Buyback to Avoid Messy Liquidation

Private Equity Insights

Private equity firm Cinven has agreed to buy back 160m euros ($170m) of debt sold by its insurer Eurovita and is open to supporting other measures to avoid a messy liquidation of the Italian company, a person with knowledge of the situation told Reuters. stake in Indian cancer. stake in Indian cancer.

Debt 147
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RRJ Capital Raises $2bn for Asia Private Credit Fund

Private Equity Insights

RRJ Capital, the private equity firm founded by former Goldman Sachs Group Inc. banker Richard Ong, is seeking to raise as much as $2bn for a new fund that focuses on private credit in Asia. The soon-to-be-launched private credit fund has a target investment return rate of 15% to 18% and will avoid distressed situations.

Capital 130
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Coalesce Capital closes oversubscribed $900m inaugural fund

Private Equity Insights

Coalesce Capital, a private equity firm focused on investments in human capital-driven and technology-enabled services companies, has closed its inaugural fund, Coalesce Capital Fund I, and parallel vehicles, with $900m in total capital commitments. Billion for Australia Private Credit Fund Ares Management Corp.

Capital 130
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Spectrum Equity Invests Over $100m into Netcraft

Private Equity Insights

He was previously CEO of Progressive Leasing (NYSE: PRG), a leading financial technology company, which grew from approximately $220 million to $2.5 The investment from Spectrum Equity will help accelerate the company’s strategic plans to drive growth and expand globally.

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Cinven Pours €160m into Eurovita Debt Buyback to Avoid Messy Liquidation

Private Equity Insights

Private equity firm Cinven has agreed to buy back 160m euros ($170m) of debt sold by its insurer Eurovita and is open to supporting other measures to avoid a messy liquidation of the Italian company, a person with knowledge of the situation told Reuters. stake in Indian cancer. stake in Indian cancer.

Debt 130
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Apollo, Warburg Pincus, and RRJ Capital Compete for €5bn Vodafone Spain Deal

Private Equity Insights

A consortium led by RRJ Capital, the private equity firm run by former Goldman Sachs Group Inc. The private equity firm invested €500m in the Frankfurt initial public offering of Vantage Towers AG, Vodafone’s European mobile-phone towers unit in 2021.

Capital 130