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Billtrust To Be Acquired At A 65% Premium By Eqt In A Deal Valued At $1.7B

BTRS Holdings Inc. announced Wednesday an agreement to be acquired in a deal valued at $1.7 billion by private-equity fund EQT X fund, which is part of EQT. BTRS's stock was halted for news until 9:50 a.m. Eastern. Under terms of the deal, shareholders of the accounts receivable automation and payments company, known as Billtrust, will receive $9.50 in cash for each BTRS share they own, which represents a 64.6% premium to Tuesday's closing price of $5.77. The deal is expected to close in the first quarter of 2023.
Read by 51% of LPs 3hours ago

New York Becomes One Chinese Billionaire Family’s Haven From Property Crash | The Straits Times

November 30, 2022 12:20 PMZhang Xin and husband Pan Shiyi, who grew Soho China into a behemoth, managed to move a fortune out of the country.
Read by 51% of LPs 21hours ago

PE Continues To Snatch Up Healthcare Services Companies

The healthcare services sector has continued to attract private equity investors this year. While opportunities for platform acquisitions have shrunk, relatively steady add-on activity suggests PE investments are still fueling the consolidation trends in this highly fragmented segment.
Read by 38% of LPs 23hours ago

Cleantech Firm Hydro Industries Boosted With New Board Appointment

Leading private equity figure Myra Tabor will support the growth plans of the Carmarthenshire headquartered. : Leading private equity figure Myra Tabor will support the growth plans of the Carmarthenshire headquartered. Carmarthenshire-based cleantech venture Hydro Industries has appointed leading private equity figure, Myra Tabor, to its board as a non-executive director to support its global expansion plans. A graduate of the London Business School, Banwen-born Ms Tabor has worked for the World Bank in Africa, and headed up the Special Investments Group at the Royal Bank of Scotland before founding Cognis Capital in 2003 where she remains its chief executive.
Read by 46% of LPs November 29, 2022

Tpg Taps Tom Montag, Anne Finucane To Launch Carbon-credit Company

Anne Finucane speaks at Bloomberg's BNEF Future of Energy Global Summit in New York in 2018. Photo: Alex Flynn/Bloomberg via Getty Images Private-equity firm TPG Inc. has tapped Wall Street heavyweights Tom Montag and Anne Finucane to lead a new carbon-credit business it hopes will improve access to the emissions offset market. Why it matters: TPG Rise Climate is investing $300 million into a new company called Rubicon Carbon, which seeks to simplify the way buyers invest in carbon credits. Of note: Rubicon is working with platform partners Anew Climate, Pixxel, Planet Labs PBC and Rialto Markets.
Read by 52% of LPs November 29, 2022

Guy Goldstein, Ceo Of Next Insurance, Named Ey Entrepreneur Of The Year® 2022 Finalist

Award recognizes ambitious and pioneering entrepreneurs who are changing the world PALO ALTO, Calif., Nov. 29, 2022 /PRNewswire/ -- NEXT Insurance, a leading digital insurtech company transforming small business insurance, is pleased to announce that its CEO Guy Goldstein has been named...
Read by 36% of LPs November 28, 2022

Eqt Infrastructure V To Acquire A Majority Stake In Calibration Company Trescal

OMERS Private Equity manages investments globally on behalf of OMERS. OMERS Private Equity entered into an agreement with EQT Infrastructure V, which grants exclusivity to EQT to acquire a majority stake in Trescal, a global company engaged in calibration services. As part of the proposed transaction, OMERS Private Equity will re-invest for a 25% holding…
Read by 32% of LPs November 28, 2022

Dowden Paid £8,398 Fee By Firm Of Kwarteng Mini-budget Party Host | Oliver Dowden | The Guardian

Payment for ‘policy advice’ came from company of hedge fund manager who organised September champagne receptionUK politics live – latest news updatesThe cabinet minister Oliver Dowden received more than £8,000 in fees for “policy advice” to the company of a hedge fund manager who hosted a champagne reception for the former chancellor Kwasi Kwarteng on the day of the disastrous mini-budget.Dowden, a close ally of Rishi Sunak, was briefly employed by Caxton Associates, the hedge fund of Andrew Law, after resigning as Conservative party chairman earlier this year. Continue reading...
Read by 50% of LPs November 28, 2022

The Sterling Group Named To Inc.'s 2022 List Of Founder-friendly Investors

HOUSTON, Nov. 28, 2022 /PRNewswire/ -- The Sterling Group ("Sterling"), a Houston-based, operationally focused middle market private equity firm, is delighted to announce that it has been named to Inc.'s fourth annual Founder-Friendly Investors list. Inc.'s list honors the private equity...
Read by 42% of LPs November 28, 2022

‘patience Pays Off’: Billionaire Ken Fisher Loads Up On These 2 ‘strong Buy’ Stocks

Investors looking for a guiding hand to steer them safely through the current hazardous stock market landscape could do worse than listen to what billionaire Ken Fisher has to say. The Fisher Investments founder famously started his independent money management firm with $250 in 1979, a company that is now a $197-plus billion going concern, while Fisher’s own net worth stands north of $5 billion.
Read by 59% of LPs November 28, 2022

Have The Anticapitalists Reached Harvard Business School? - The New York Times

Social justice joins discounted cash flows on the syllabus as essential knowledge for aspiring corporate leaders. : Social justice joins discounted cash flows on the syllabus as essential knowledge for aspiring corporate leaders. At Harvard Business School, inside a seminar room with a smattering of button-down shirts and puffy fall jackets, a group of future corporate managers were talking about capitalism. What makes capitalism truly and purely capitalism? What are its essential components? Property rights. Financial markets.
Read by 77% of LPs