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Pension takes GP stake in SME-focused private equity firm

Private Equity Wire

Texas Permanent School Fund (Texas PSF) has made an anchor investment of $200m in private equity firm Velocity Capital Management’s Opportunity Fund, with an agreement to negotiate acquiring a minority interest in the firm targeted to close in the fourth quarter.

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Focus Group founders dial up £800m sale to private equity firm Hg

Private Equity Insights

The founders of a business telecoms and IT services provider are on the brink of toasting a nine-figure windfall after entering advanced talks to sell it to one of Britain’s leading private equity firms. It was unclear on Wednesday whether Bowmark would roll over its stake as part of the deal.

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Private Equity firms adapting to challenging market environment

Private Equity Insights

Following a challenging year marked by rising interest rates and slower growth, successful private equity firms are adapting to the changing environment, according to Dechert’s 6th annual Global Private Equity Outlook report.

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German Private Equity Firm SHS Capital Acquires Majority Share in Essert

Private Equity Insights

German private equity firm SHS Capital has acquired a majority share in Essert, a life sciences robotics company based in Baden-Württemberg. This acquisition is the fourth transaction from SHS Capital’s SHS VI fund, following its recent acquisition of a majority stake in Dutch firm CAM Bioceramics.

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The Paris Based Private Equity Firm Ardian Raises Over $20bn For Secondaries Fund

Private Equity Insights

Ardian raises over $20bn for secondaries fund the Paris-based PE firm has set a target for the fund of $25bn French group Ardian has amassed more than $20bn to buy stakes in private equity funds from investors, highlighting a corner of finance that is defying the broader slump in fundraising.

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Private Equity Firms Show Increasing Interest in $400bn Indian IT Services Industry

Private Equity Insights

Data shows that the number of private equity (PE) firms holding stakes in Indian IT services companies has doubled between 2019 and 2022, indicating a growing interest in the sector. These firms view IT services companies as safe investments due to their proven business models and profitability.

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DBS to sell majority stake in AXS to private equity firm Tower Capital Asia

Private Equity Insights

per cent stake in electronic payment services provider AXS to Tower Capital Asia, a private equity firm based in Singapore. The bank will retain a minority stake of 9.9 It did not disclose the stake’s sale price. per cent stake in electronic payment services provider AXS to.