Fundraising

Acquisition multiples reached ‘record or near-record highs across the US and Europe’ in 2016, according to a report from consulting firm Bain.

The technology-focused firm is currently raising its $10.5bn sixth flagship fund.

The global asset manager has raised $2.5bn for its fourth distressed fund, which is more than triple the predecessor vehicle.

Genstar Capital Partners VIII has a $3bn cap and plans to raise additional co-investment capital for a planned final close in March.

The Canadian firm is gearing up for fundraising after a year in which it distributed more than $362m to investors.

The Spanish special situations manager already has its sights set on a successor fund.

Brian Veitch has stepped into an advisory role at the German mid-market firm.

The fund is the first for the Madrid-based firm since 2008.

Set up by former Altor and Nordic Capital execs, the fund will make 'megatrend driven' investments in the Nordic lower mid-market, managing partner Reynir Indahl has told PEI.

The private equity firm has collected more than £3bn across two vehicles, two weeks after Private Equity International reported it was nearing final closes.