Apax scores over 4x return from sale of ECI Software to LGP

Apax scores over 4x return from sale of ECI Software to LGP

London-based Apax Partners has pocketed a return multiple of over four times (4.2x) on the sale of its majority stake in Texas-headquartered software company ECI Software Solutions to Leonard Green & Partners. The exit has also generated an internal rate of return...
Nasdaq to Buy Anti-Financial Crime Firm Verafin for $2.75 Billion

Nasdaq to Buy Anti-Financial Crime Firm Verafin for $2.75 Billion

Nasdaq Inc. will buy Verafin, a software company that uses artificial intelligence to help banks detect money laundering and fraud, for $2.75 billion, the companies said Thursday. If completed, the Verafin acquisition would be New York-based Nasdaq’s largest...
EQT launches second fund subscription line tied to ESG

EQT launches second fund subscription line tied to ESG

Stockholm-based private equity firm EQT is once again adding an ESG twist to a popular form of financing among private markets fund managers. The firm has negotiated a €2.7bn fund subscription credit facility that links performance on certain environmental, social and...
IQHQ Completes Second Equity Raise of $1.7 Billion

IQHQ Completes Second Equity Raise of $1.7 Billion

IQHQ Inc., a premier life sciences real estate development company, announced that it has successfully completed a second $1.7 billion equity raise from new and existing strategic partners. With two successful rounds of financing complete, IQHQ is well funded and well...