European mid-market tech investor Tenzing has scored an impressive 9.6x return selling CitNOW Group to UK private equity house Livingbridge. Tenzing sealed a 74% IRR from the sale, which comes four years after the firm bought into the sales conversion software for car...
SHS Gesellschaft für Beteiligungsmanagement has received capital commitments of over €220m for its sixth fund at the first closing. Faster than expected, the Tübingen-based healthcare investor has already exceeded its target of €200m at the first closing. The sixth...
Powin, an energy storage technology developer, said today it has raised $135m in funding led by Singapore’s sovereign wealth fund GIC, with participation from existing investors Trilantic Energy Partners North America and Energy Impact Partners (EIP). The investment...
Private equity firms are on the hunt for funding, turning up the competition during market and economic uncertainty and an overall lean time for new deals. “Right now, it’s just taking longer to raise funds,” Josh Zweig, co-head of U.S. private-equity research at...
Starbucks is reportedly exploring a potential sale of its UK business as it faces increasingly tough competition and changing customer habits. The world’s biggest coffee chain has been hit hard by lockdown measures around the world. Starbucks said it was... 