Iress opens books to EQT after higher $2.35bn bid

Iress opens books to EQT after higher $2.35bn bid

Australia’s Iress Ltd said on Wednesday it had opened its books to EQT after the Sweden-based private equity firm made a revised proposal to buy the software provider for an enterprise value of $2.35bn. Iress said last month it had rejected two earlier bids from EQT,...
NewSpring Raises $364m in Fourth Mezzanine Fund

NewSpring Raises $364m in Fourth Mezzanine Fund

NewSpring, a family of private equity strategies, has closed its fourth mezzanine fund, NewSpring Mezzanine Capital IV. In total, the fund raised $364.3m. NewSpring Mezzanine provides a range of mezzanine debt and equity services. NSM IV provides an option to invest...
Bregal Capital-owned Stelrad prepares for £500m flotation

Bregal Capital-owned Stelrad prepares for £500m flotation

Stelrad, which is owned by Bregal Capital, a private equity firm, is joining the queue of industrial companies looking at selling shares to the public, Sky News understands.  Stelrad, one of the UK’s biggest radiator manufacturers, is warming up plans for a...
Cairngorm Capital closes third fund at £200m hard cap

Cairngorm Capital closes third fund at £200m hard cap

Cairngorm Capital Partners has closed its third fund – Cairngorm Capital III – at its £200m hard cap. The fund, which was oversubscribed, has already made five investments  Signalling ongoing confidence in and support for its investment approach, Cairngorm Capital is...