Private equity has become a well-established path to liquidity for VC-backed startups, but a rebound in IPO activity and the rise of SPACs could mean more competition for deals. PE buyouts have gone from representing 9.7% of global VC exits in 2010 to 16.4% in 2020,...
Private equity firm L Catterton’s investment in Norwegian Cruise Line Holdings Ltd. has paid off with a $600 million gain in less than one year, amounting to returns of more than 150%. The cruise ship operator said it has agreed to pay $1.03 billion to buy back bonds...
Vector Acquisition II, the second blank check company formed by Vector Capital targeting the tech industry, raised $450 million by offering 45 million shares at $10. The company offered 5 million more shares than anticipated. Vector Acquisition II removed warrants...
One Rock Capital Partners has successfully closed its third flagship private equity fund at its hard cap, with total capital commitments of $2.0 billion. The fund marks One Rock’s largest fund to date, having surpassed its target of $1.5 billion. Formed in 2010 by...
A US-based buyout firm is leading a pack of bidders to snap up the jewel in the crown of Interserve, which once ranked among the UK’s biggest outsourcing groups. Sky News has learnt that Platinum Equity has emerged as a leading contender to buy RMD Kwikform,... 