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,...
US IPO market has boomed bolstered by SPACs – UK faces hurdles

US IPO market has boomed bolstered by SPACs – UK faces hurdles

SPACs have played a big role in reviving the US market for initial public offerings. So for the sluggish London IPO market, which hasn’t seen a single SPAC listing this year, a comeback would be a welcome development. When Mariposa Capital founder Martin...
TPG-backed McAfee to raise $620m from IPO

TPG-backed McAfee to raise $620m from IPO

McAfee, the cyber security company whose eponymous founder was recently arrested on tax avoidance charges, priced its shares in the lower half of its initial public offering range despite the hot market for newly listed software companies. Public investors agreed to...
Asset managers in $300bn drive to build private lending funds

Asset managers in $300bn drive to build private lending funds

Asset managers are seeking to raise almost $300bn to plough into private lending deals with groups such as Goldman Sachs and Oaktree hoping to lure investors away from frothy public markets. Publicly traded debt and equity securities have surged in price this year...