Blackstone Completes Acquisition of Rover Group for $2.3bn

Blackstone Completes Acquisition of Rover Group for $2.3bn

Rover Group, Inc. (“Rover” or the “Company”), the world’s largest online marketplace for pet care, today announced the completion of its acquisition by private equity funds affiliated with Blackstone (“Blackstone”) in an all-cash transaction valued at approximately...
General Atlantic makes majority investment in Plusgrade

General Atlantic makes majority investment in Plusgrade

Global growth investor General Atlantic has made a majority investment in Plusgrade, a provider of ancillary revenue solutions for the global travel industry, in a deal that sees Novacap fully exit its stake while another existing investor, CDPQ, remains a significant...
Ardian targets €5bn for new private credit fund

Ardian targets €5bn for new private credit fund

French alternative asset manager Ardian is looking to raise at least €5bn (£4.3bn) for its sixth private credit fund. The Paris-headquartered firm’s private credit division, headed up by Mark Brenke, typically provides senior debt facilities to mid-sized companies. It...
EQT wraps up Future Fund at $3.3bn

EQT wraps up Future Fund at $3.3bn

Private equity investor, EQT has held the final close of its EQT Future fund at €3bn (US$ 3.3bn) in total commitments, with total fee-generating commitments for the overall strategy, including co-investments, totalling €3.6bn. It comes one week after EQT closed its...