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Investcorp takes minority stake in Banner Ridge

Private Equity Wire

The $1.3bn strategic capital arm of $50bn global alternative manager Investcorp has taken a minority stake in $7.3bn private equity manager Banner Ridge Partners and is now a passive, non-voting partner in the business. Terms of the deal have not been disclosed.

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K-Fashion Platform Company Secures $130m in Series C Funding Led by KKR

Private Equity Insights

The Seoul-based online fashion platform Musinsa has raised $130 million in a series C funding round headed by the global investment firm KKR. The capital infusion also includes support from Wellington Management. Last October, KKR took a minority stake in the skin care and body care company SkinSpirit.

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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. Notably, investments in PhonePe and Lenskart accounted for 30% of total VC funding from January to June.

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Searchlight acquires Gresham House for £470m

Private Equity Insights

Gresham House in July agreed with Seed Bidco Ltd, a newly incorporated entity formed by funds advised by Searchlight at 1,105 pence per share bid. Read more Paceline Equity Partners Backs $175m Merger of GCOM Software and OnCore Consulting An affiliate of Paceline Equity Partners, LLC , a Dallas-based private equity manager, today.

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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. The ILPA warns that any distributions received from a NAV-based facility might later be recalled to help repay the loan.

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CVC and Keensight Team Up to Accelerate Sogelink’s Growth

Private Equity Insights

Read more MBK Partners Launches Tender Offer for Stake in Hankook &Co., Valued at $1.45bn South Korean private equity firm MBK Partners said on Tuesday it had launched a tender offer to. read more The post CVC and Keensight Team Up to Accelerate Sogelink’s Growth appeared first on Private Equity Insights.

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Glow Capital Partners buys stake in uniform maker Cargo Crew

Private Equity Wire

Glow Capital Partners buys stake in uniform maker Cargo Crew Submitted 21/07/2023 - 10:37am Glow Capital Partners has taken a 51% stake in Australian hospitality uniform brand Cargo Crew, in the first deal for the Sydney-based private equity firm’s Glow Growth Fund I. Like this article?

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