Exits

The Northern England-focused buyout firm has sold the video game developer to private investment firm Perwyn after less than two years.

The buyout giant, which is understood to be plotting a $14bn fundraise in the first half of next year, reportedly bought the global motorsports franchise for about $1.7bn in 2006.

CVC Capital Partners has sold Quironsalud, Spain’s largest private hospital operator, to German healthcare provider Fresenius.

Activity was driven in part by long-term strategic investors wanting to seize opportunities in Colombia and Brazil, the Latin American Private Equity and Venture Capital Association says.

New data from Invest Europe show a 25% year-on-year increase in total investment in the region, with buyouts the vast majority of invested capital.

A survey by mid-market firm ECI finds high-growth UK businesses are less likely to choose private equity as a funding option than last year.

The UK-focused fund, which had excess demand before the Brexit vote, includes a GP commitment of 2%.

The sale comes as Kainos continues to amass capital for its second fund, targeting $750m.

The Mercury Fund will generate a gross IRR of 40 percent and a money multiple of 2.2x from the sale of Relay Software.

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