Isobel Markham
The $5.3bn buyout of the Nordic software company, involving some of the biggest names in the industry, will be Europe’s largest-ever software buyout.
The firms failed to secure enough shareholder acceptances to complete the €5.3bn deal, which would have been the largest European private equity transactions this year.
The firm could raise more than $8bn for its 12th flagship fund, according to documents seen by PEI.
A strong brand name and a market with plenty of room for growth enticed Equistone to get behind mortgage broker Meilleurtaux.
Highly publicised cyber-attacks such as WannaCry have businesses on high alert – making the services of cybersecurity firms indispensable.
Per Olofsson, head of alternative investments at the Swedish pension fund, has concerns about the amount of capital flowing into private equity today.
As part of the reorganisation, private equity co-head David Layton becomes head of private equity, while fellow co-head Stephan Schäli steps into the CIO role.
A hung parliament may mean more uncertainty in the short term, but opens up the possibility of a favourable deal for the financial sector.
The €16bn Fund VII commanded €30bn of interest, despite a 6 percent hurdle rate and no early-bird discount.
The €16bn fund, the largest euro-denominated vehicle in private equity history, includes a €500m GP commitment.