Eurazeo sells stake in Farfetch for €90m

Eurazeo sells stake in Farfetch for €90m

Paris-based private equity firm Eurazeo has sold its entire shareholding in the online marketplace company Farfetch. This disposal resulted in net proceeds of €90.4m, corresponding to a multiple of 4.1x cash-on-cash and an internal rate of return (IRR) of around 38%....
France broadens retail investor access to private equity

France broadens retail investor access to private equity

France’s state-backed investment bank BPI has launched an innovative fund to provide access for retail investors to private equity strategies as part of a government plan to encourage greater participation in long-term investments. France’s push to open private equity...
Investment fund Ardian acquires 50% stake in ANGUS Chemical

Investment fund Ardian acquires 50% stake in ANGUS Chemical

Private equity firm Ardian said on Tuesday it acquired a 50% stake in specialty chemicals maker ANGUS Chemical Company from Golden Gate Capital for a total enterprise value of about $2.25 billion San Francisco-based Golden Gate Capital bought ANGUS from The Dow...
Software Maker Toast Raises Funds at $4.9 Billion Valuation

Software Maker Toast Raises Funds at $4.9 Billion Valuation

Toast Inc., which makes point-of-sale technology for restaurants, raised $400 million at a $4.9 billion valuation in a fundraising round led by investors including Bessemer Venture Partners and TPG. Other investors that led the funding round are Tiger Global...
Private Equity Fundraising Will Slow Down Next Year

Private Equity Fundraising Will Slow Down Next Year

The record-setting sums raised by Blackstone and other large private equity firms this year are unlikely to be matched in 2020, according to PitchBook.   Private equity fundraising in North America and Europe hit another all-time high in 2019, driven in part by...