UPDATE: ION, GIC offer to buy Italy’s Cerved for $2.97 billion

UPDATE: ION, GIC offer to buy Italy’s Cerved for $2.97 billion

ION Group has made a takeover offer worth 1.86 billion euros for Milan-based Cerved, just days after the privately-owned fintech company snapped up Italian banking software provider Cedacri. Dublin-based ION, led by Italian businessman Andrea Pignataro, has teamed up...
EQT’s German software company SUSE targets pre-summer IPO

EQT’s German software company SUSE targets pre-summer IPO

Open-source enterprise software company SUSE is targeting a pre-summer initial public offering in a deal that may value the private equity-backed company with German roots at 8.3-9.5 billion, people close to the matter said. The Linux specialist’s owner, buyout group...
Abris Capital commits to carbon neutral portfolio by 2025

Abris Capital commits to carbon neutral portfolio by 2025

Abris Capital Partners, a private equity investor focused on Central Europe, has launched ESG Universe 2023 – a comprehensive program of environmental, social and governance initiatives that commits the firm to achieving a carbon neutral portfolio by 2025. The...
Global SPAC deal volumes this year surpass total for 2020

Global SPAC deal volumes this year surpass total for 2020

Global blank-check deal volumes, or mergers through special purpose acquisition companies (SPACs), have surged to a record $170 billion this year, already outstripping last year’s total of $157 billion, Refinitiv data showed. The record number of deals comes as SPACs...
Parmenion sold to private equity house in £102m deal

Parmenion sold to private equity house in £102m deal

Parmenion has become the latest platform to be snapped up by a private equity house, with Standard Life Aberdeen announcing its £102m sale to Preservation Capital Partners. The deal is part of SLA’s plan to simplify its business and focus on its core platforms –...