Deals

The fast-growing venture capital firm co-founded by Joshua Kushner – whose brother Jared is Donald J. Trump’s son-in-law – raised almost double the $400m it secured in 2014, and will now be managing almost $1.5 billion in assets.

Italian buyout house Charme Capital Partners has acquired a genetic testing company from its third fund, which has exceeded its €500m target.

More aggressive financing structures, such as payment-in-kind or PIK notes, may be off the table, but deals are ongoing, experts say.

Healthcare and M&A specialist Richard Zall, a partner at New York-based law firm Proskauer Rose, says PE fund managers need to develop networks of advisers with specialised knowledge if they want to outmanoeuvre strategic buyers.

The Colombian firm’s third fund is expected to hold a first close in August amid regulatory changes that have freed up more investment for alternative assets.

The Guy Hands-led firm is offloading the cinema chain in a £921m deal after a 12-year hold.

The firm has acquired neuraxapharm in Germany and Invent Farma in Spain as it looks to consolidate the European generics market.

The firm is selling the Nordic fintech marketplace to Bauer Media in a €170m deal.

In its second exit this week, Apax is offloading the software maker in a deal generating a 4.4x return.

The firm has teamed up with CDPQ and CIC to acquire French property management services provider Foncia in a €1.8bn deal.