Blackbaud buys Everfi for $750m from TPG Rise Fund

Blackbaud buys Everfi for $750m from TPG Rise Fund

Blackbaud has acquired social impact tech company Everfi for around $750m in cash and stock. The deal is closely tied to the ESG movement being pushed by major investors, including the Big Three index funds. Blackbaud’s software allows schools and companies to...
Azalea IM closes second PE fund of funds product on $805m

Azalea IM closes second PE fund of funds product on $805m

Azalea Investment Management has closed its second private equity fund of funds product Altrium II on $805m. The latest fundraise came two years from the firm’s inaugural Altrium I, which was closed on $650m. The firm said Altrium II will allow accredited investors...
European Commission clears $1bn acquisition of Interplex

European Commission clears $1bn acquisition of Interplex

The European Commission has cleared the $1bn acquisition of interconnect specialist Interplex by US private equity giant Blackstone. The European Commission has approved the acquisition of contract manufacturer Interplex and its five sites in Europe by US asset...