The Boston-based private equity firm has started prospecting for potential backers for a new flagship fund, which could be of similar size to its previous record-setting $25 billion vehicle, according to a report.
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THE LATEST NEWS ON MERGERS & ACQUISITIONS, CAPITAL MARKETS AND TECH TRENDS

    Advent International PE

    PHOTO: ADVENT INTERNATIONAL/THINK EVENTS

    Advent said to be canvassing investors for new $25B fund

    The Boston-based private equity firm has started prospecting for potential backers for a new flagship fund, which could be of similar size to its previous record-setting $25 billion vehicle, according to a report. Read here

      Elon Musk’s xAI lands $6B at $12B total capital

      Investors gave The Tesla and SpaceX CEO’s artificial intelligence company a minimum of $77,593, bringing its total raised capital to $12 billion, adding to the $6 billion tranche it raised this spring. Read here

      PHOTO: X.AI

      XE Grok

      TPG leads $2B secondary raising in $15B Veeam

      The Texas-headquartered private equity firm has led a secondary investment in the global specialist in data resilience solutions, alongside investors Temasek, Neuberger Berman Capital Solutions. Read here

      PHOTO: TPG

      TPG 300

      Investment banks eye 2025 boom as deals rally

      The new White House administration is seen to fuel a dealmaking revival that could bolster investment banking income to $316 billion globally next year, a jump of about 5.7% on 2024, according to data. Read here

      PHOTO: ENERGEPIC.COM

      business energepic.com

      DEALS ROUNDUP

      • EQT and GIC acquire majority stake in Calisen for $5B
      • Nuvig Therapeutics gets $161M Series B for immunomodulatory
      • Tractian raises $120M in Series C funding for manufacturing AI
      • AMP Robotics grabs $91M for AI-powered waste sortation tech
      • Zopa snaps up $87M at $1B+ valuation, eschewing IPO route
      • Sage receives $35M in Series B for senior living platform
      • Concierge medicine provider Sollis Health secures $33M round
      • Planet A Foods nabs $30M to produce cocoa-free chocolate
      • Google's new AI models can identify emotions; experts worried
      • Slim Jim maker Conagra exploring sale of Chef Boyardee

        INTERNATIONAL MARKETS

        Aviva set to buy Direct Line to create $21B UK insurer

        The British insurer has agreed to buy its smaller rival in a sweetened $4.60 billion cash-and-stock deal that will create the country's largest home and motor insurer. Read here

        Thames Water gets $6.4B takeover bid from Covalis

        The infrastructure investor has submitted an offer for the British water company, as the beleaguered utility races to raise new funding before it runs out of cash. Read here

        After $2.5B IPO haul, OQ looks at more share sales

        The main energy company in Oman is looking to list more units in the next couple of years, after it became the biggest initial public offering issuer in the Middle East in 2024. Read here

          eToro taps Goldman Sachs as it plans $3.5B US listing

          The Tel Aviv-based social trading and investment platform is working with the investment bank on a potential initial public offering as soon as the second quarter. Read here

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