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Vista and Harvest consider $4bn exit from government software firm Granicus

Private Equity Insights

According to sources familiar with the matter, investment banks Jefferies and William Blair have been engaged to manage the sale process, expected to commence in the latter half of the year. Vista Equity first acquired a majority stake in 2016 and later merged Granicus with GovDelivery, another Vista-backed firm.

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Blackstone explores $6bn exit from ISN Software amid surge in compliance tech demand

Private Equity Insights

The private equity giant is reportedly in discussions with investment banks as it explores both full and partial exit scenarios. Blackstone Growth acquired a minority stake in ISN in 2020, valuing the company at $2bn.

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EBRD eyes €200m commitment to MidEuropa Fund VI targeting CEE and SEE mid-caps

Private Equity Insights

The new fund, managed by London-headquartered private equity firm MidEuropa, aims to invest in mid-cap companies throughout the region, with a long-term capital growth strategy. The proposed investment would represent a significant portion of the funds total projected cost of 800m.

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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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Diligent’s PE owners mull $7bn sale

Private Equity Wire

The report cites unnamed sources familiar with the matter as revealing that the private equity firms have started consulting with investment banks in preparation for a potential sale process, expected to begin in early 2025.

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CIVC Partners acquires majority stake in $10bn wealth firm Cary Street Partners

Private Equity Wire

Private equity firm CIVC Partners has acquired a controlling interest in Cary Street Partners, a Richmond, Virginia-based wealth and asset manager overseeing approximately $10bn in assets under management, according to a report by CityWire. Cary Street marks its only current investment in an independent wealth manager.

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I Squared Weighs Stake Sale in $1bn India’s Think Gas

Private Equity Insights

I Squared Capital is considering selling a minority stake in Think Gas Distribution Pvt. The private equity firm is working with an adviser to sell as much as a 30% stake in Think Gas, said the people, who asked not to be identified as the information is private.

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