Carlyle secures $4.1 billion ESG-related credit facility

Carlyle secures $4.1 billion ESG-related credit facility

Carlyle Group has obtained a first-of-its-kind $4.1 billion ESG-related credit facility for its private equity funds, linking the price of debt to Carlyle’s goal of having 30% diverse directors on portfolio-company boards within two years of the firm’s...
Baird Capital pockets 4x return with Collingwood sale

Baird Capital pockets 4x return with Collingwood sale

Private equity firm Baird Capital has sold its portfolio company Collingwood Lighting (Collingwood) to Ambienta. The deal delivered a four-times return to Baird less than three years after the initial investment, sources familiar with the situation told. Collingwood...
Three InterPrivate-backed SPACs aim to raise $650 mln in IPOs

Three InterPrivate-backed SPACs aim to raise $650 mln in IPOs

Three blank-check firms, backed by private equity firm InterPrivate, are looking to raise as much as $650 million in their initial public offerings, regulatory filings showed on Wednesday. InterPrivate II Acquisition Corp, InterPrivate III Financial Partners Inc and...
Novacap raises record $1.9bn for TMT VI

Novacap raises record $1.9bn for TMT VI

Canadian private equity firm Novacap has closed Novacap TMT VI (TMT VI) at USD1.865 billion, making it the largest fund raised by the firm to date. The total includes significant commitments from Novacap’s partners and employees as well as from the Novacap...
Origin Materials to go public via $1.8 bln SPAC merger

Origin Materials to go public via $1.8 bln SPAC merger

Carbon-negative products maker Origin Materials said on Wednesday it has agreed to go public through a merger with blank-check firm Artius Acquisition Inc, in a deal that values the equity of the combined entity at $1.8 billion. The deal will provide Origin with gross...