The Sterling Group, a Texas-based middle-market private equity firm, has held the final close of Sterling Group Partners VI (Fund VI), which was oversubscribed at its hard cap of $3.5bn. Fund VI exceeded its target of $2.75bn and the $2bn raised by the firm’s previous fund, which closed in June 2020. While the majority of the capital was committed by returning investors, the fund also attracted support from several new investors in the US, Europe, the Middle East and Asia. Fund VI will primarily target corporate carve-outs and family businesses in the industrial sector. Evercore Private Funds ..read more

Investment funds managed by global private investment firm KKR will acquire Immedica Pharma, a Swedish pharmaceutical company focused on the commercialisation of medicines for rare diseases and specialty care products. Nordic healthcare investment firm Impilo, the company’s existing owner, will reinvest to become an equal owner alongside KKR. The transaction is subject to customary regulatory and closing conditions. According to a press release, KKR and Impilo will work together with Immedica’s management team to support Immedica’s continued growth, including the launch of the recently approve ..read more

PARTNER CONTENT Private markets-focused software provider Quantium draws on two core domains for its success – an impressive foundation of industry expertise, and next-generation investment management software that sets new best-practice standards for GPs globally. Quantium’s Co-Founder and Partner, Jessie Juan chats to Private Equity Wire about some of the challenges and opportunities facing the firm and how its advanced analytics solutions are helping clients solve their most complex problems. Describe your firm’s service offering and what makes it special. Quantium is a private markets spec ..read more

Pan-European private investment firm Tioopo Capital has appointed Philippe Duval, formerly CEO of Edmond de Rothschild Corporate Finance, to its advisory board with effect from 1 May 2024.  Tioopo was founded in 2021 by Cyril Aboujaoude, Grégoire Louisy and Shahan Sarkissian and provides capital solutions to small and mid-sized companies ..read more

London-based private equity firm Epiris has appointed Mike Ebeling as a Partner within its investment team. In his new role, Ebeling will work with the firm’s investment team to deploy Epiris Fund III, which closed in February at £1.044bn.  Ebeling will also join the firm’s executive and investment committees. Prior to joining Epiris, Ebeling was a Managing Director at Goldman Sachs Private Equity, where he led the firm’s investment teams in the DACH and Benelux regions. Ebeling also worked at Clayton, Dubilier & Rice as well as JP Morgan ..read more

German holding company Mutares has acquired Greenview Group Holdings from Northern Irish private equity firm Cordovan Capital Partners and Michael Burke, the group’s current CEO.  Greenview Group was established in 2017 and provides mechanical and electrical installation, heating installation and servicing, property maintenance and improvements as well as sustainable energy solutions. The company employs around 190 and operates in Belfast and London. According to a press release, Greenview Group generated ..read more

French private equity firm Eurazeo, through its mid-large buyout team, has agreed to invest in Eres Group and acquire a majority stake from the IK VIII Fund managed by European private equity firm IK Partners, alongside the company’s management team and employees.  According to a press release, Eurazeo’s investment is intended to enable Eres to pursue its growth strategy alongside Mathieu Chauvin, the company’s CEO; Alexis de Rozières, Managing Partner of Eres; and the rest of the management team. Completion of the transaction is subject to obtaining relevant regulatory approval ..read more

Pictet Alternative Advisors, the Pictet Group’s alternative investment business, has launched the Pictet Private Assets SICAV – Environment Co-Investment Fund I ELTIF, which is aiming to broaden investor access to environmental technology investments across private markets.   According to a press release, the fund will target 20-25 investments across greenhouse gas reduction; sustainable consumer; pollution control; the circular economy; and enabling technology as part of a strategy implementing the Planetary Boundaries scientific framework. The fund, classified as an ..read more

Bulgarian private equity firm BlackPeak Capital has invested €6.8m in Bianor Holding, a software development company catering to the technology, media and telecommunications industries.  BlackPeak’s investment forms part of Bianor’s overall €10m capital increase, which attracted 199 investors and is intended to support the company’s organic growth and accelerate its regional development in the US, Germany, Switzerland, the Nordics and the MENA through mergers and acquisitions. As a result of the investment, Bianor will become the fifth company in the portfolio of BlackPeak’s Southeas ..read more

Ahead of the Private Equity Wire Private Credit European Summit, Amit Bahri, Co-Head, Direct Lending Europe at Goldman Sachs Asset Management, talks to us about the early days of private credit, the tenets of GSAM’s senior direct lending strategy and playing devil’s advocate. Private Equity Wire (PEW): You started at Goldman Sachs in 2006 and made the transition to private credit in 2008, which is when direct lending really took off. How does the private credit market track now compared to when you started? Amit Bahri (AB): Private credit and direct lending were both terms that didn’t exist wh ..read more