31 Jan, 2022
One Equity Partners to buy Trustmarque; Vista, Elliott near deal for Citrix
* Middle-market private equity firm One Equity Partners agreed to acquire IT solutions and services company Trustmarque Solutions Ltd. from Capita PLC. Trustmarque provides managed services in the U.K.
* Vista Equity Partners Management LLC and Elliott Management Corp. are nearing a deal to acquire U.S.-based cloud computing company Citrix Systems Inc., Reuters reported, citing a person familiar with the matter. The deal values Citrix Systems at nearly $13 billion, according to the report.
➤ US bank IPOs on road to recovery from pandemic low
Six U.S. bank IPOs closed in 2021, compared to one in 2020.
➤ Tech deal advisers, executives expect 2022 M&A to match or exceed 2021 glut
Technology deal volumes and values hit astronomical records in 2021, and corporate development executives and investment banking advisers forecast the coming year to be equal to or even bigger than the 2021 market.
DEALS
* Private equity firm AEA Investors LP is working with Barclays on the potential sale of Danish transport company Scan Global Logistics, Bloomberg News reported, citing people with knowledge of the matter. Scan Global Logistics could be valued in a deal at up to €1.5 billion, one of the sources said.
* Epiris Fund II LP, a fund advised by private equity firm Epiris LLP, acquired Stuart Turner Ltd., which manufactures pumps and water-boosting products.
* Godspeed Capital Management LP acquired professional services company Savli Group Inc. for an undisclosed amount.
FUNDRAISING
* NextEnergy Capital Ltd. raised $896 million at the final close of Nextpower III ESG. The vehicle focuses on the international solar infrastructure sector, targeting projects in the U.S., Portugal, Spain, Chile and Poland.
VENTURE CAPITAL
* London-based deep tech company causaLens Ltd. raised $45 million in a series A funding round led by Dorilton Capital Management LLC and Molten Ventures PLC. Generation Ventures and IQ Capital Partners LLP, among other investors, took part in the round.
* Egyptian online retail platform Brimore Holding BV secured $25 million in a series A funding round led by Endure Capital and The International Finance Corp., TechCrunch reported. Flourish Ventures and Fawry for Banking Technology and Electronic Payments SAE, among other investors, participated in the round, the report added.
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