Mon.Oct 23, 2023

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Vista to acquire software firm EngageSmart in take-private $4bn deal

PE Hub

According to terms of the deal, EngageSmart stockholders will receive $23.00 per share in cash upon completion of the proposed transaction. The post Vista to acquire software firm EngageSmart in take-private $4bn deal appeared first on PE Hub.

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It is time we paid nature back

Financial Times: Moral Money

New financial tools are at hand to help us invest in the value of the economic benefits the natural world provides

Investing 145
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AMG invests in Ara Partners

PE Hub

The stake was previously held by Capital Constellation, an investment platform managed by Wafra Inc. The post AMG invests in Ara Partners appeared first on PE Hub.

Investing 215
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The Greatest Missed Opportunity of Our Lifetimes

The Big Picture

The chart in this morning’s reads shows what it is going to cost to fund the interest payments on the federal debt. It’s gone vertical as rates have moved from effectively 0 to over 5%. When rates were zero all of corporate America refinanced, lowering the cost of their debt to historically low levels. Households did the same; today 61% of homeowners with a mortgage are paying 4% or less in interest.

Debt 133
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True Green Capital sees retail energy expansion via community solar

PE Hub

True Green intends to build 200 MW of community solar projects, and by the end of 2024 it expects to have more than 100 MW of that portfolio constructed. The post True Green Capital sees retail energy expansion via community solar appeared first on PE Hub.

Capital 198
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Apollo, Warburg Pincus, and RRJ Capital Compete for €5bn Vodafone Spain Deal

Private Equity Insights

A consortium led by RRJ Capital, the private equity firm run by former Goldman Sachs Group Inc. banker Richard Ong, is considering an offer for Vodafone Group Plc’s Spanish business, people with knowledge of the matter said. Vodafone has been working with an adviser as it evaluates options for the Spanish business, Bloomberg News reported in July. Warburg Pincus is among those considering a bid for the assets, while Apollo Global Management Inc. has also shown initial interest, people familiar w

Capital 130

More Trending

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BaltCap Leads the Charge with €200m Fund II for Sustainable Infrastructure

Private Equity Insights

BaltCap, the largest private equity fund manager in the Baltics, held the first closing of its €200m target BaltCap Infrastructure Fund II (BInF II). The 20-year successor fund aims to contribute to increasing the resilience of the region with a focus on renewable energy generation, energy demand reduction, and social as well as transport infrastructure investments in the Baltics and Poland.

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Stonepeak to take marine cargo containers leasing company Textainer private for $7.4bn

PE Hub

According to terms of the agreement, Textainer shareholders will receive $50 per share in cash. The post Stonepeak to take marine cargo containers leasing company Textainer private for $7.4bn appeared first on PE Hub.

Companies 192
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Bain Capital’s Harrington Takeover: OHA and BMO Pave the Way with $1bn Financing

Private Equity Insights

Oak Hill Advisors (“OHA”) served as a Lead Arranger for the unitranche financing to fund Bain Capital Private Equity’s (“Bain Capital”) acquisition of Harrington Industrial Plastics (“Harrington”) from Nautic Partners. Harrington is a leading specialty distributor of industrial flow control process solutions and serves vendors in a wide variety of end markets, including water and wastewater management, chemicals, manufacturing, life sciences and food and

Financing 130
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Latticework Capital Management backs workers’ comp treatment provider IOH

PE Hub

Headquartered in Dallas, Latticework targets the healthcare industry. The post Latticework Capital Management backs workers’ comp treatment provider IOH appeared first on PE Hub.

Capital 185
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Stonepeak’s $600m Deal with Akumin

Private Equity Insights

Akumin Inc. announced today that it has reached an agreement with Stonepeak, a leading alternative investment firm specializing in infrastructure and real assets, and the Company’s stakeholders on the terms of a financial restructuring that will substantially improve the Company’s balance sheet and provide ample liquidity to position Akumin for future success.

Bidding 130
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Stonepeak and Vista in multi-billion take-private moves; True Green mulls community solar add-ons

PE Hub

Stonepeak is acquiring Textainer Group for $7.4 billion. The post Stonepeak and Vista in multi-billion take-private moves; True Green mulls community solar add-ons appeared first on PE Hub.

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Talk Your Book: Equities With Guardrails

A Wealth of Common Sense

Today’s Talk Your Book is brought to you by J.P. Morgan Asset Management: See here for more information on JPMorgan Hedged Equity Laddered Overlay ETF and here for JPMorgan Equity Premium Income ETF. We had Hamilton Reiner, MD, PM, and Head of US Equity Derivatives at J.P. Morgan Asset Management on the show to discuss their latest hedged equity strategy.

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General Atlantic to take minority stake in travel distribution platform TBO

PE Hub

When this deal closes, TBO's existing backer Affirma Capital will continue as an investor. The post General Atlantic to take minority stake in travel distribution platform TBO appeared first on PE Hub.

Stakes 163
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Chevron to buy US oil producer Hess for $53bn

Financial Times M&A

All-stock deal comes after ExxonMobil acquired Pioneer Natural Resources earlier this month

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William Blair’s Brian Flynn: ‘We see a thawing in the packaging M&A market’

PE Hub

William Blair has been involved in eight deals in consumer packaging this year as an adviser. The post William Blair’s Brian Flynn: ‘We see a thawing in the packaging M&A market’ appeared first on PE Hub.

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Dealmakers see Chevron-Hess tie-up as the start of oil ‘arms race’

Financial Times M&A

The $53bn deal has sparked speculation that BP and Shell may feel forced to respond

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HCI appoints Baltz as associate

PE Hub

In this role, Baltz will help evaluate, analyze and monitor investments made by the firm. The post HCI appoints Baltz as associate appeared first on PE Hub.

Investing 150
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UniCredit strikes first deal of Orcel era with Greek tie-up

Financial Times M&A

Italian lender seeks to acquire 9% stake in Alpha Bank from Greek state and take control of Romanian unit

Stakes 110
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Longview-backed De Havilland Canada acquires MC2 and ADS

PE Hub

With headquarters in Toronto, De Havilland Canada is an aircraft manufacturer. The post Longview-backed De Havilland Canada acquires MC2 and ADS appeared first on PE Hub.

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10 Monday AM Reads

The Big Picture

My back-to-work morning train WFH reads: • Charles Schwab Has Had a Terrible Year. The Surprising Reason the Brokerage King Won’t Be Dethroned. For some advisors, the move to Charles Schwab from TD Ameritrade didn’t go smoothly. Chances are, they’ll stick around anyway. ( Barron’s ) • A Recession Is No Longer the Consensus : In WSJ survey, economists lower recession probability below 50% and say Fed is finished raising interest rates. ( Wall Street Journal ) but see Car Owners

Debt 105
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P10 appoints Sarsfield as CEO

PE Hub

P10’s co-founders Robert Alpert and Clark Webb, will continue as members of the P10 board and have been elected executive chairman and executive vice chairman, respectively. The post P10 appoints Sarsfield as CEO appeared first on PE Hub.

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Chevron/Hess: supermajor builds bulk for long game with $60bn buy

Financial Times M&A

Chevron is banking on Hess’s output spiking ever upwards in coming years, as it is projected to do

Banks 104
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PE-backed Titan Frozen Fruit taps Cutler as CFO and Byrne as commercial development EVP

PE Hub

Santa Maria, California-based Titan is a food ingredient manufacturer and fruit processor. The post PE-backed Titan Frozen Fruit taps Cutler as CFO and Byrne as commercial development EVP appeared first on PE Hub.

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UK estate agent Chestertons sold to Emeria

Financial Times M&A

One of country’s oldest property agencies acquired by private equity-backed group in sign of sector consolidation

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Gemspring acquires call center support services provider Inflow Communications

PE Hub

Gemspring is merging Inflow with portfolio company Amplix, a provider of technology advisory services and software. The post Gemspring acquires call center support services provider Inflow Communications appeared first on PE Hub.

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Why Chevron is inking the biggest deal in its history

Financial Times M&A

Plus, Orcel strikes his first deal at UniCredit and the crisis at Atos begins to snowball

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Waud Capital inks partnership with healthcare exec Staley

PE Hub

Waud Capital anticipates investing over $100 million of equity capital to support the initiative. The post Waud Capital inks partnership with healthcare exec Staley appeared first on PE Hub.

Capital 131
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Novo Nordisk and Eli Lilly hoover up smaller obesity drug groups

Financial Times M&A

Biotech acquisitions this year intended to cement position as market leaders in weight-loss field

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Sentinel Trust in the market for its Private Equity XVII Fund

AltAssets

Sentinel Trust, an independent multi-family office, is currently in the fundraising market for Sentinel Private Equity XVII Fund. According to a new Securities Exchange and Commission Filing, the firm has raised around $117m for the new vehicle. The document does not indicate how much Sentinel is looking to secure for the new fund. However, it […] The post Sentinel Trust in the market for its Private Equity XVII Fund first appeared on AltAssets Private Equity News.

Funds 98
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Stonepeak to take shipping-container company private in deal with enterprise value of $7.4bn.

Private Equity Wire

Stonepeak, a US based infrastructure investor, will be taking Textainer, a company that focuses on purchasing, leasing, and resale of marine cargo containers, private in a $2.1bn deal, according to a report by Reuters. Quoting sources familiar with the matter, the report said that the Bermuda-based company will continue to be led by its current president and CEO, Textainer shareholders will receive $50 a share in cash.

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Roche agrees $7.1bn deal for Telavant to boost drug pipeline

Financial Times M&A

Swiss pharma group acquires rights to develop and manufacture bowel disease treatment

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GHK is back in the fundraising market with sophomore vehicle

AltAssets

Middle-market private equity firm GHK Capital Partners is back in the fundraising market just a year after the close of its maiden fund. The Connecticut-based firm previously raised $410m for GHK Fund I, which was $60m above its initial target and $10m above the hard cap. GHK Fund II has a target of $650m according […] The post GHK is back in the fundraising market with sophomore vehicle first appeared on AltAssets Private Equity News.

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Remember the Benefits of Estate Planning

Integrity Financial Planning

Estate planning can be difficult to think about, let alone plan for. Maybe you’ve avoided putting together a concrete plan because you don’t want to think too far into the future when it’s time to pass on what you have. Or maybe you don’t think an estate plan is necessary because you’re not rich enough to warrant one. The truth is that you will probably leave behind things for your family that are important financially and emotionally.

Taxes 93