Western Europe

Clearlake Capital has sold on vehicle interior material business Sage Automotive to Japanese trade buyer Asahi Kasei in a deal worth $1.06bn.

With nine months to go till the March 2019 deadline, investors have been questioning the UK’s outlook, but with the long-term nature of fundraising how are GPs preparing for the worst?

Trinity Hunt Partners has promoted Mike Steindorf and Blake Apel to partner, after both spending over 10 years at the firm.

Cabot Square Capital has scored a 2.8x return selling UK small business lender LDF to US credit fund manager White Oak Global Advisors.

Global buyout house First Reserve has agreed to buy Dresser Natural Gas Solutions from GE company Baker Hughes.

Sustainability and wellness-focused private equity house Pegasus Capital Advisors has made a control investment in Swedish internet of things business Yanzi Networks.

Dallas-based private equity investor Highlander Partners has expanded its exposure to the Central and Eastern European market by opening its second office in the region.

Perry Creek Capital has pulled in more than $600m for its return to the fundraising market, four years after the firm raised its debut fund.

Weinberg Capital Partners has pulled in €295m for the final close of its WCP Fund III after a whopping 93 per cent of Fund II LPs re-upped for the new vehicle, AltAssets can reveal.

Alliance Consumer Growth has closed its fourth growth fund on a $350m hard cap.