Fraser Irving

Asian private equity house PAG is reportedly expected to bid for the Hong Kong insurance business of Chinese financial firm JD Group, in a deal which could value the unit at up to $2.5bn.

A trio of venture capital firms have helped boost UiPath's Series C financing round, which had already given the robotic process automation software developer a $3bn valuation.

Scandinavian buyout house Summa Equity is reportedly already prepping to raise SEK5bn ($550m) for its second fund, less than two years after the successful close of its debut vehicle.

Expansion-focused buyout house San Francisco Equity Partners has launched its first fundraise in seven years.

Bain Capital Ventures has raised $1bn for the final close of a new fund focused on growth-stage technology startups, taking its assets under management to $4.9bn.

Catalyst Principal Partners has raised $155m (Kes. 15.5 Billion) for its second fund focused on East African investment.

Apis Capital Management has been fundraising for a new vehicle focused on investing in artificial intelligence, machine learning, and neural networks enterprises.

London-based private equity investor Privet Capital has exited independent UK toy major Vivid Toy Group to global trade buyer Goliath after less than two years in its portfolio.

Advent International, Apollo Global Management and SK Capital Partners have joined a consortium of Triton and Rhone to the second round of bidding for Evonik’s methacrylates plastics unit.

Permira has agreed to buy a 50 per cent stake in Asian aquatic feed producer Grobest Group, representing the firm’s third investment in aquaculture sector.