Private Equity News

Private Equity News is a European magazine focused on the private equity sector. It is part of the Dow Jones media group and shares a family of publications with Financial News, Private Equity Analyst, and The Wall Street Journal.

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CVC Capital Partners shares rise on first day of Amsterdam trading

Apr 26, 2024 | penews.com | Ian Walker |Elena Vardon

CVC Capital Partners shares jumped on the company's first day of trading on Amsterdam's stock exchange. The stock opened at €17.34, 24% higher than its floating price of €14. The global buyout firm said Friday morning that its initial public offering price was set at the mid point of its previously guided range of €13 to €15. This implied...
Thoma Bravo to buy UK cyber security firm Darktrace in $5.3bn deal

Apr 25, 2024 | penews.com | Shruti Tripathi Chopra

American private equity firm Thoma Bravo has agreed to buy British artificial intelligence and cybersecurity company Darktrace in a $5.32bn cash deal. Shares in the London-listed company were up 18% following the announcement. Gordon Hurst, the Chair of Darktrace, which floated on the London Stock Exchange in 2021, said: “The proposed offer...
Goodwin hires private equity pair from Travers Smith

Apr 25, 2024 | penews.com | Edin Imsirovic

Goodwin Procter has hired a pair of private equity partners from Travers Smith in London. Private equity M&A partners Ian Keefe and George Weavil are joining the US law firm in London, a spokesperson for Goodwin confirmed to Financial News. A spokesperson for Travers Smith said in a statement: “We would like to thank Ian and George for their...
Hipgnosis Songs Fund agrees to improved offer from Apollo-backed Concord

Apr 25, 2024 | penews.com | Ian Walker

Hipgnosis Songs Fund, home to the catalogue of artists such as Neil Young, Shakira and Red Hot Chili Peppers, has agreed to an improved $1.51bn takeover by Apollo-backed music company Concord Chorus, trumping an approach from rival Blackstone Funds on Monday.
UK banks criticised over lax attitude to private equity risk

Apr 24, 2024 | penews.com | Justin Cash

Banks have been given until the end of August to fill gaps in how they manage their private equity exposures after a Bank of England review found they are running a host of risks. Banks are routinely unable to measure overall credit and counterparty risk from their ties to the fast-growing private equity sector, the Bank said on 23 April.
Blackstone real estate fund stems exits

Apr 24, 2024 | penews.com | Peter Grant

For signs that the turbulent commercial real-estate market is beginning to stabilise, look at Blackstone's largest real-estate fund, known as Breit. The firm was able to fulfill all investor redemption requests in February and March for the first time since late 2022, when a flurry of withdrawals compelled it to limit how much it could pay out.
Blackstone execs say private equity’s two-year ‘hibernation’ could be ending

Apr 19, 2024 | penews.com | Chris Cumming

Blackstone executives see signs of spring for private equity’s deal environment, as a market rebound boosted the firm’s earnings in the first quarter. Leaders of the New York asset manager told analysts 18 April that the slump in private equity dealmaking that began two years ago is showing signs of receding. The firm deployed $24.5bn in the first quarter, more than twice the $10.8bn it invested in the same period a year ago. Exits...
Triton drops consumer focus after padel bet turns sour

Apr 18, 2024 | penews.com | Sebastian McCarthy |James Booth

Private equity firm Triton has dropped its focus on consumer investments after one of its biggest bets on the sector went awry. A person close to Triton told Private Equity News that the consumer team “will be redeployed where possible”, including the two consumer co-heads, Per Agebäck and Ruth Linz.
Former Shell boss joins KKR as senior adviser on climate investments

Apr 17, 2024 | penews.com | Sebastian McCarthy

The former boss of Shell has joined KKR to advise its infrastructure unit on its new global climate strategy. Ben van Beurden ,who was chief executive of the London-listed oil and gas company from 2014 to 2022, has joined the New York buyout giant as a senior adviser. The Dutch executive worked at Shell for nearly four decades and played a...
Interpath Advisory looks to Paris for European expansion

Apr 16, 2024 | penews.com | Sebastian McCarthy

Interpath Advisory is on the hunt for an office in Central Paris as part of its expansion plans in mainland Europe, according to sources. The private equity-backed UK restructuring business is looking to ramp up its M&A work on the continent by taking a new hub in the French capital. Interpath was created in 2021 when it was spun out of KPMG...