Europe
CVC and Betfair End Discussion after Bid Rejected
CVC and Betfair conclude discussions after second offer is rejected by Betfair board. According Reuters, CVC Capital Partners and Betfair have concluded their discussion regarding a takeover after the private equity firm advised Betfair that it would no longer make a third revision on their offer for the gambling company.
HTC Sweden Acquired by Polaris
Polaris Private Equity acquires HTC Sweden for an undisclosed price. The leading Danish/Swedish investor in middle market private equity deals, Polaris Private Equity has acquired the world creator and maker of systems for professional floor grinding and floor solutions, HTC Sweden AB.
Family Enterprises Bump Off Hedge Funds in Deals
Family funds such as the Reimann family have eased out other private equity firms in terms of long term investments.
TransferWise Raises US$6 Million in Capital Financing Round
TransferWise raises funds with Paypal co-founder leading the funding round that totalled US$6 million.