Nuvei to Acquire GTCR-Backed Payments Provider Paya in $1.3bn Deal

Nuvei to Acquire GTCR-Backed Payments Provider Paya in $1.3bn Deal

Canadian fintech company Nuvei will acquire Atlanta-based payments and accounting provider Paya Holdings Inc. for $9.75 per share in a cash deal worth $1.3bn. Private equity firm GTCR agreed to tender their shares of Paya, which was originally acquired in 2017, with...
Carlyle buys majority stake in India’s VLCC for $300m

Carlyle buys majority stake in India’s VLCC for $300m

Private-equity firm Carlyle Group has acquired a majority stake in Indian beauty care and wellness solutions provider VLCC for around $300m, two sources told Reuters on Tuesday. The equity for the transaction will come from funds managed and advised by entities...
Calpers Makes $1bn Bet on Small Funds as New CIO Reshapes Pension

Calpers Makes $1bn Bet on Small Funds as New CIO Reshapes Pension

The California Public Employees’ Retirement System is making a $1bn wager that small private equity firms without the heft of the biggest buyout institutions can boost the pension giant’s returns and clout. Calpers, the largest public pension fund in the US, will...
Horizon exit delivers 3x return

Horizon exit delivers 3x return

Horizon Capital has exited its investment portfolio company AgriBriefing with a sale of the business to Five Arrow’s-backed Mintec, delivering 3x return on invested capital in the process. Headquartered in London, with offices in the US and France, AgriBriefing...