Permira, Vista Credit invest $125M in Housecall Pro; Cornell to buy Advantek

TOP NEWS IN PRIVATE EQUITY

* Permira Advisers Ltd.'s growth opportunities platform and Vista Equity Partners Management LLC's Vista Credit Partners unit invested $125 million in Housecall Pro, which provides software solutions for small and midsize home services businesses.

* Cornell Capital LLC is acquiring Advantek Inc. from Tinicum LP and funds affiliated with Tinicum Inc. Terms of the deal were undisclosed. The sellers will retain a minority interest in the business, which manufactures precision component packaging and delivery systems for high-value semiconductor and electronic components.

➤ Sustainable private equity investing in the digital infrastructure industry

Given the rapid digital transformation of the global economy, private equity funds are increasingly targeting companies in the data center industry. Environmental sustainability considerations are critical for the success of private equity deals in this sector.

➤ Shale drillers compete for investors with big yields, cash back to shareholders

High prices have showered shale oil and gas drillers with cash this year. Three U.S. independent oil and gas producers made plans to send more returns to shareholders this week.

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

DEALS

* Blackstone Inc.-managed real estate and private equity funds completed the acquisition of Australian entertainment group Crown Resorts Ltd. The US$6.07 billion acquisition is Blackstone's largest transaction to date in Asia-Pacific, it said. The deal includes three premium resort and casino properties in Melbourne, Perth and Sydney.

* Healthcare private equity firm Ampersand Management LLC invested in medical device software solutions company Sterlingtech Inc.

* Madison Dearborn Partners LLC portfolio company BlueCat Networks Inc. received a strategic growth investment from Audax Management Co. LLC. BlueCat provides mission-critical infrastructure software for network control, automation and security.

FUNDRAISING

* India-based OAKS Asset Management raised 10 billion rupees at the first close of its second fund, The Economic Times reported, citing OAKS senior fund managers. OAKS invests in middle-market consumer companies. The firm expects to close the fund by the end of July.

VENTURE CAPITAL

* Insight Venture Management LLC led a $38 million series B funding round for Evinced Inc., which makes software for mobile development. Existing investors M12, Benhamou Global Ventures LLC, Capital One Ventures and Engineering Capital LLC participated.

* AP Ventures LLP, SK Innovation, Amazon's The Climate Pledge Fund, Saudi Aramco Energy Ventures and Newlab participated in the $46 million bridge round for Amogy, which provides ammonia-based, emission-free power solutions to decarbonize transportation.

* Swedish audience engagement platform Mentimeter AB collected $42 million in a series C funding round led by Creades AB, Nordstjernan AB and Alfvén Didrikson.

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