SoftBank-Backed GetYourGuide Sells $134 Million Convertible Loan

SoftBank-Backed GetYourGuide Sells $134 Million Convertible Loan

GetYourGuide Deutschland GmbH, a booking startup backed by SoftBank Group Corp., has raised 114 million euros ($134 million) via a convertible loan, after the pandemic continues to disrupt the travel industry. The investment was lead by private equity firm Searchlight...
Schroder Adveq seeks $1bn for new Europe fund

Schroder Adveq seeks $1bn for new Europe fund

Schroder Adveq, the private equity arm of asset manager Schroders, has launched a new European strategy seeking to raise $1bn, regulatory filings show. The new vehicle, Schroder Adveq Europe VIII, will focus on fund of funds investments in various sectors across...
Bayer to acquire TPG-backed Asklepios Bio worth up to $4 billion

Bayer to acquire TPG-backed Asklepios Bio worth up to $4 billion

Bayer agreed to acquire unlisted U.S. biotech firm Asklepios BioPharmaceutical Inc for as much as $4 billion in a bet on gene therapy with the help of modified viruses. Germany’s Bayer will pay $2 billion upfront and up to an additional $2 billion in milestone...
TPG collects $2.17bn so far for Rise Fund

TPG collects $2.17bn so far for Rise Fund

TPG is nearing the target for its latest impact-investment fund, more than a year after fundraising was thrown into disarray by a top executive’s arrest in a college admissions cheating scandal. The firm has gathered $2.17bn for its Rise Fund II and parallel vehicles,...
Oakley Capital buys Windstar Medical from ProSiebenSat for €280m

Oakley Capital buys Windstar Medical from ProSiebenSat for €280m

London-based Oakley Capital is set to acquire the consumer healthcare company WindStar Medical from ProSiebenSat.1 for an enterprise value of € 280m. The German broadcaster said it is disposing of the 92% stake in WindStar owned by its technology subsidiary NuCom,...