Private Equity Firm STG to buy Avid Technology for $1.4bn

Private Equity Firm STG to buy Avid Technology for $1.4bn

Private equity firm Symphony Technology Group on Wednesday agreed to buy media editing software maker Avid Technology Inc for about $1.4bn, including debt. As part of the deal, Avid shareholders will receive $27.05 per share in cash, the company said in a statement,...
TPG Targeting $4bn for Sixth Growth Equity Fund

TPG Targeting $4bn for Sixth Growth Equity Fund

TPG is looking to raise $4bn in capital commitments for its latest growth equity fund to tap into a “fresh crop of opportunities”, according to a report by Buyouts Insider, quoting the firm’s Chief Financial Officer Jack Weingart. Speaking in a...
Eagle Merchant Partners Closes Inaugural Fund at Over $256m

Eagle Merchant Partners Closes Inaugural Fund at Over $256m

Eagle Merchant Partners, a private equity firm investing in a lower middle-market franchise, consumer and industrial companies, has held the final closing of its inaugural fund, Eagle Merchant Partners I, with over $256m in capital commitments. The fund, which closed...
GLP Capital Partners Raises $554m for Renewable Energy Fund

GLP Capital Partners Raises $554m for Renewable Energy Fund

GLP Capital Partners (GCP), an alternative asset manager based in Singapore, has established its first commingled clean energy strategy in China, raising 4bn yuan ($555m) in total capital commitments from domestic institutions. The fund’s overall investment is...