This week’s PE must-reads – Week 16

This week’s PE must-reads – Week 16

At Private Equity Insights we have gathered this week’s biggest news in the private equity and venture capital markets. 1. EQT IX closes at $18.7 billion – reaching hard cap EQT Group is pleased to announce that EQT IX has held its final close at $18.7...
Apollo Lending Arm Raises $800m in Private-Credit Push

Apollo Lending Arm Raises $800m in Private-Credit Push

Apollo Global Management lending arm, MidCap Financial, a credit solutions firm focused on serving the middle market, today announced it has raised more than $800m of new equity from a diverse group of global investors that included Apollo clients, including Athene as...
FirstGroup sells US bus operations to EQT for about $4.6bn

FirstGroup sells US bus operations to EQT for about $4.6bn

UK-listed bus operator FirstGroup has agreed to sell its US bus operations to EQT’s infrastructure fund in about a $4.6 bln deal that will pass the operation of tens of thousands of yellow school buses to the Swedish private equity group. The sale of First Student and...
UiPath goes public in one of the biggest US software IPOs

UiPath goes public in one of the biggest US software IPOs

The PE-backed robotic process automation company raised $1.3bn after boosting its IPO price range. UiPath, with PE investors including Accel, Coatue, Dragoneer, IVP and Sequoia, had nearly 8,000 customers at the end of January. It competes with UK-based Blue Prism and...