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PE firms bounce back into buyouts in H1

Private Equity Wire

Private equity buyout activity made a resurgence in the first half of the year, with direct lending emerging as a crucial component in the current market topography, according to the latest data from Mergermarket and Debtwire. Technology firms led M&A activity, with deals amounting to $64bn.

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Shamrock Capital raises $1.6bn for sixth PE flagship fund and inaugural small cap fund

Private Equity Wire

The funds will focus on buyout and later-stage growth equity investments in middle market companies across Shamrock’s target sectors, seeking to capture Shamrock’s proprietary middle-market deal flow, thematic approach, and expertise, and value creation capabilities by utilising the same strategy Shamrock has implemented since 2001.

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Buyout firms struggling to exit due to price gaps

Private Equity Wire

Disagreements over valuations have been a barrier for buyout firms attempting to exit their portfolio companies, according to a report by Bloomberg, which cites an Ares Management (Ares) executive speaking at this year’s IPEM in Cannes. Michael Elio, a Partner at StepStone Group who also spoke on the panel, noted a boom in continuation funds.

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GP-led deal activity to drive further secondaries market growth

Private Equity Wire

As liquidity constraints put pressure on the private equity industry, the secondaries market is expected to grow substantially over the next twelve months, with fundraising and deal flow set to expand, according to Investec’s latest Secondaries Report, Charting a Course for Further Growth.

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Progressio raising EUR225m for fourth fund

Private Equity Insights

Progressio SGR, the Italian private equity firm, is raising a new fund, Progressio Investimenti III, in response to LP demand and a doubling of proprietary deal flow over the past five years. As with previous funds, the money will predominantly be spent on proprietary deals and primary buyouts.

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Apollo and Ardian anticipate surge in PE dealmaking

Private Equity Wire

Mark Benedetti, executive president at Ardian SAS, echoed this sentiment, predicting robust private equity deal flow in the fourth quarter of this year and into early 2024. “Groups need to start putting capital to work,” Benedetti said on Bloomberg TV.

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CPP Investments Aims to Double Credit Holdings Over Next Five Years

Pension Pulse

Paula Sambo of Bloomberg reports Canada pension fund's credit head wants to take advantage of leveraged buyout boom: Canada’s largest pension fund plans to nearly double the size of its credit holdings over the next five years, and it’s counting on an upturn in leveraged buyouts to generate some of that growth. There’s pent-up demand.