Western Europe

US investment management major T Rowe Price has agreed to buy $53bn-managing alternative credit investor Oak Hill Advisors for up to $4.2bn.

Nautic Partners has surged to a $3bn final close for its tenth flagship private equity fund, double the size of its 2019 predecessor vehicle.

Widespread destruction from ever-more dangerous climate change events this year has seen swaths of North America, Africa, Siberia and southern Europe consumed by wildfires, mass flooding...

Platinum Equity is reportedly the latest private equity major to eye a massive new fundraise, just a year after its $10bn Fund V close.

Swedish private equity house Procuritas has backed headless guitar make Strandberg to support the continued scale-up of the company.

3i has scored a 2.6x return by selling Magnitude Software to trade buyer Insightsoftware for £344m, double what the business was valued at the end of June.

Pan-European private equity investor Agilitas has brought in four new investment team members to follow its €565m hard cap fund close earlier this year.

Specialty buyout firm Timber Bay Partners has closed Timber Bay Partners Fund II on $305m, beating its target of $275m.

Mid-market buyout house Astara Capital Partners has hired former Gamut Capital CFO Athos Zakou as CFO and COO to oversee all finance, accounting, tax, technology and operational areas in the firm.

Washington DC-based private equity firm The Halifax Group has hired Charles Alutto from Stericycle as operating executive in the investment team. Alutto will evaluate the firm’s specific investment opportunities and assist in validating its investment thesis.