Permira acquires Mimecast for $5.8B; Brookfield to buy HomeServe for £4.08B

TOP NEWS IN PRIVATE EQUITY

* Funds advised by Permira Advisers Ltd. completed the acquisition of email and cloud security company Mimecast Ltd. for approximately $5.8 billion.

* Brookfield Asset Management Inc. agreed to purchase U.K.-based home repair services firm HomeServe PLC for £4.08 billion, Reuters reported.

➤ Global private equity deal value inches up in April

A total of 1,611 private equity deals were announced globally in April, down 22.2% during the same month in 2021, according to S&P Global Market Intelligence data.

➤ Bank regulator nominee says Fed authority on climate change is limited

Michael Barr, President Joe Biden's nominee to lead bank supervision at the Federal Reserve, said in his nomination hearing that the central bank's authority on climate change is limited and related to assessing risks.

READ MORE about the market reaction and industry impact of the evolving situation in Russia and Ukraine in our new Issue in Focus.

DEALS

* Private equity firm CVC Capital Partners Ltd., through CVC Capital Partners VIII LP, agreed to acquire a majority stake in The Quality Group, which manufactures sports performance nutrition products and healthy, low-sugar food alternatives in the DACH region.

* PAI Partners and real estate funds managed by TPG Capital LP joined forces to make an offer for Parkdean Resorts, valued at £1.6 billion, Sky News reported.

* L Catterton Partners, through its Latin American unit, agreed to acquire a significant minority interest in Mexico-based lending platform Crediclub SA de CV Sociedad Financiera Popular.

* Brookfield Asset Management invested in CrescoNet LLC, which provides electric, water and gas smart metering and related services.

* LLR Partners Inc. invested in Allmark Door Co. LLC, a Philadelphia-based commercial door and loading dock services provider.

* PSG Equity LLC made a strategic growth investment in Qmulos LLC, a Chantilly, Va.-based integrated compliance, security and risk management automation provider.

VENTURE CAPITAL

* NVP Associates LLC, or Norwest Venture Partners, led a $45 million series B funding round for Noyo, an application programming interface. Workday Ventures Inc. and Costanoa Venture Capital Partners LLC were among the other investors in the round.

* Biotechnology company Inceptor Bio LLC obtained $37 million in series A financing led by Kineticos Ventures.

* Bravado Network Inc., developer of an online community for sales professionals, secured $26 million in a series B funding round led by Tiger Global Management LLC. Redpoint Management LLC and Freestyle Capital, among other investors, participated in the round.

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