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CVC to sell specialty resins maker AOC to Lone Star Funds at reported $2bn EV

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Global buyout major CVC Capital Partners has agreed to sell specialty resins producer AOC to Lone Star Funds. The deal i

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Source: https://www.altassets.net/private-equity-news/by-news-type/deal-news/cvc-to-sell-specialty-resins-maker-aoc-to-lone-star-funds-at-reported-2bn-ev.html

Private Equity

Mural hits more than $2bn valuation thanks to Insight Partners-led investment round

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Insight Partners has helped visual online collaboration specialist Mural to a valuation of more than $2bn through a new investment round.

The $50m round led by Insight and Tiger Global follows a $188m Series B investment round from August last year.

Mural’s software aims to support enterprise teamwork with guided visual collaboration. Its customers include IBM, Microsoft, Facebook, Booz Allen Hamilton, Publicis Sapient, SAP, and Atlassian.

Insight managing director Jeff Lieberman said, “Last year, Insight Partners saw teams transform how they interact and creatively work together through the adoption of digital-first visual collaboration with Mural.

“Now, as organizations shift to a new hybrid way of working, Mural is uniquely positioned to make it easy for teams to ideate and create together from anywhere.

“Our team has been using Mural for our own workshop and board meetings, too. The meetings we run in Mural are much more engaging and fun.”

MURAL said it plans to use the new capital to further platform development to support hybrid and distributed workforces, including new software integrations with Microsoft Teams, Zoom, Webex and Atlassian.

Earlier this year it emerged that tech-focused Insight Partners was already prepping a $12bn fundraise, less than a year after hauling in $9.5bn for its last flagship fund.

The firm could begin raising Fund XII as soon as next month according to the Wall Street  Journal, which cited unnamed people it said were familiar with the matter.

It added that Insight is also out targeting up to $875m for its first preferred equity fundraise.

Last week Nordic Capital agreed to acquire a majority shareholding in Insight-backed no-code data automation service provider Duco.

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Source: https://www.altassets.net/private-equity-news/by-news-type/deal-news/mural-hits-more-than-2bn-valuation-thanks-to-insight-partners-led-investment-round.html

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Adams Street brings in ex-Barings managing director Jennifer Brown as consultant relations co-head

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Asset management major Adams Street Partners has brought in former Barings managing director Jennifer Brown as partner a

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Cinven said to eye new $12bn fundraise, just two years after closing €10bn predecessor

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European private equity major Cinven is reportedly eyeing more than $12bn for its latest flagship private equity fundraise, just two years after closing its €10bn Fund VII.

London-headquartered Cinven is preparing to gauge interest for the new funds as soon as after this summer according to Bloomberg, which cited unnamed people it said were familiar with the matter.

It added that the firm could begin collecting commitments later this year.

Cinven raced to a €10bn hard cap close for its seventh flagship fund in May 2019, after less than four months in the market.

The oversubscribed vehicle saw a “very high” re-up rate from LPs according to the firm.

Fund VII was double the size of the firm’s fifth fund raised in 2013, and well above the €7bn it gathered for Fund 6 in a similarly rapid raise in 2016.

Recent deals from Cinven include exiting specialty concrete manufacturer Chryso in a trade deal to Saint Gobain after significant expansion in the US market.

Cinven acquired Chryso from LBO France in 2017 as the fourth investment from its sixth fund.

A report from May this year said fellow private equity giant Permira was eyeing more than $15bn for its latest private equity fund – less than two years after closing its €11bn predecessor vehicle.

Last week Hellman & Friedman completed a sensational fundraise by hauling in $24.4bn for one of the biggest private equity buyout funds ever raised.

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Source: https://www.altassets.net/private-equity-news/by-pe-sector/buyout/cinven-said-to-eye-new-12bn-fundraise-just-two-years-after-closing-e10bn-predecessor.html

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Carlyle buys into live video streaming platform LiveU to capitalise on growing demand in 5G era

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Global buyout giant Carlyle has acquired live video streaming platform LiveU from investment firm Franciso Partners to c

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Source: https://www.altassets.net/private-equity-news/by-news-type/deal-news/carlyle-buys-into-live-video-streaming-platform-liveu-to-capitalise-on-growing-demand-in-5g-era.html

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