Wed.Nov 15, 2023

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Accounting firm Your Part-Time Controller names investment from Pamlico

PE Hub

In conjunction with this deal, YPTC founder and President Eric Fraint will be retiring from the company in early 2024. The post Accounting firm Your Part-Time Controller names investment from Pamlico appeared first on PE Hub.

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KKR, CVC, Permira and Cinven Vie for Allfunds in Potential €3.8bn Deal

Private Equity Insights

Allfunds Group Plc has started gauging takeover interest from private equity firms as the European fund distribution platform considers a possible sale, people with knowledge of the matter said. The Amsterdam-listed company is in the early stages of approaching buyout firms including Cinven, CVC Capital Partners and Permira, according to the people.

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MAV Beauty Brands agrees to sell assets to Nexus Capital

PE Hub

The deal is in connection with MAV's financial and corporate restructuring through proceedings under the CCCA. The post MAV Beauty Brands agrees to sell assets to Nexus Capital appeared first on PE Hub.

Assets 237
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Investors pile into Brazil’s first sustainable bond

Financial Times: Moral Money

Also in today’s newsletter, private capital struggles to rise to the global climate challenge

Investors 143
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Enlightened Hospitality Investments backs restaurant tech company Qu

PE Hub

USHG's existing backers include Cota Capital, NRD Capital and restaurant group Bobby Cox Companies. The post Enlightened Hospitality Investments backs restaurant tech company Qu appeared first on PE Hub.

Companies 233
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Investing Behavioral Hacks

The Big Picture

Markets screamed higher yesterday after a benign CPI report showed a 0.0% monthly price increase and inflation falling to 3.2% year over year. After a big gap opening, latecomers piled in; many had been sitting on the sidelines following a challenging 2022, while others got panicked out during the 10% October drawdown. It was a classic fear-driven error, a combination of bad market timing and poor impulse control.

Investing 137

More Trending

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L Squared Capital Partners Closes $840m Fund IV

Private Equity Insights

L Squared Capital Partners (“L Squared” or “the Firm”) is thrilled to announce that it recently held the final closing for its fourth private equity fund (“Fund IV”), at $840m. L Squared fully committed its $505m third fund earlier this year with the investment in ERA Industries. Since its founding in July of 2014, L Squared has now raised four funds and accepted commitments of over $2bn from its investors.

Capital 130
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KKR completes take-private buyout of specialty chemicals company Chase Corporation

PE Hub

As a result of the closing, Chase will no longer trade on the New York Stock Exchange. The post KKR completes take-private buyout of specialty chemicals company Chase Corporation appeared first on PE Hub.

Buyout 208
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Partners Group Bets on Energy Infrastructure Inspection with ROSEN Acquisition

Private Equity Insights

Partners Group, a leading global private markets firm, acting on behalf of its clients, has agreed to acquire ROSEN Group (“ROSEN” or “the Company”), a global provider of mission-critical inspection services for energy infrastructure assets, from its founder, Hermann Rosen. Mr. Rosen will remain a significant partner alongside Partners Group in supporting the Company’s next phase of growth.

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Washington Harbour Partners picks up cybersecurity firm SIXGen

PE Hub

SIXGEN will continue to be led by the company’s founder and CEO Ethan Dietrich. The post Washington Harbour Partners picks up cybersecurity firm SIXGen appeared first on PE Hub.

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Animal Spirits: People Love to Complain

A Wealth of Common Sense

Today’s Animal Spirits is brought to you by Amplify ETFs: See here to learn more about Amplify’s free cash flow focused ETFs Register here for Episode 1 of The Smoke Show, on November 15th at 2PM Eastern On today’s show, we discuss: Why ‘Bidenomics’ falls flat Are real wages rising? Confirmed: The iPhone 15 is the most affordable iPhone since 2007 What the US got right that Europe did.

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Ancor Capital-backed PMA Industries acquires manufacturer United Western Enterprises

PE Hub

Phoenix-based PMA is a photochemical machining contract manufacturer. The post Ancor Capital-backed PMA Industries acquires manufacturer United Western Enterprises appeared first on PE Hub.

Capital 200
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Berkshire Hathaway: Buffett hoards cash and waits for easy pickings

Financial Times M&A

Staying on the sidelines is lucrative enough with risk-free rates at about 5%

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TELEO Capital-backed Sharpen Technologies snaps up Plum Voice

PE Hub

SharpenCX is an all-in-one unified contact center platform. The post TELEO Capital-backed Sharpen Technologies snaps up Plum Voice appeared first on PE Hub.

Capital 190
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ICYMI: Private Equity-backed Anthos Therapeutics Announces Breakthrough Development in New Blood Clot Treatment

American Investment Council

Recently, Anthos Therapeutics, a Massachusetts-based biopharmaceutical company supported by private equity announced at a meeting of the American Heart Association that their new drug demonstrated a potential to significantly reduce the risk of blood clots. Backed by AIC member Blackstone Life Sciences, this new treatment could provide a safer alternative for the 12.1 million Americans expected to suffer from atrial fibrillation by 2030.

Investing 108
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Century Park-backed MCCi scoops up govtech firm GovBuilt

PE Hub

MCCi is a business process automation company. The post Century Park-backed MCCi scoops up govtech firm GovBuilt appeared first on PE Hub.

Companies 189
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Manulife to buy CQS in end of an era for Michael Hintze

Financial Times M&A

The Tory donor will step back from his firm as the Canadian money manager bulks up in private credit

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Caymus Equity Partners acquires Quality Environmental Services

PE Hub

Quality is led by CEO Kevin Wolfe. The post Caymus Equity Partners acquires Quality Environmental Services appeared first on PE Hub.

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Ardian sells stake in dental CAD/CAM specialist imes-icore to EMZ Partners

Private Equity Wire

Private investment firm Ardian is to sell its stake in imes-icore Holding, a provider of milling and grinding machines for the automated production of dental prosthetics, to EMZ Partners, a European PE firm focused on small- to medium-sized businesses. Financial terms of the transaction, which is subject to approval by the relevant antitrust authorities, have not been disclosed.

Stakes 98
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McDonald joins HCI as chief of stage and communications VP

PE Hub

Previously, she was assistant vice president of EIG Global Energy Partners. The post McDonald joins HCI as chief of stage and communications VP appeared first on PE Hub.

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Granite Creek acquires packaging and distribution specialist NYP Corp

Private Equity Wire

Granite Creek Capital Partners, a private investment firm based in Chicago, has acquired NYP Corp, a New Jersey-based value-added packaging manufacturer and distributor focused on the wholesale nursery, agricultural, and industrial markets. As part of the transaction, experienced industry executive Robert Dahl has been named CEO of NYP, as well as Chairman of the Board, while Granite Creek Partner Jim Clark and Director Andrew Kearney have also joined NYP’s board.

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RCF sees ‘immense upside’ in mining and more transaction activity in 2024

PE Hub

Resource Capital Funds is selling Ausenco to a group led by Eldridge for $578m. The post RCF sees ‘immense upside’ in mining and more transaction activity in 2024 appeared first on PE Hub.

Capital 178
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AltAssets private equity deal roundup – November 15, 2023

AltAssets

Partners Group has agreed to acquire Rosen Group, a provider of mission-critical inspection services for energy infrastructure assets, from founder Hermann Rosen. The company provides recurring, regulatory-driven inspection and integrity management services for energy transmission pipelines. Partners Group member of managment Matthias Riefer said, “We have been following the broader testing, inspection and certification theme […] The post AltAssets private equity deal roundup – Novem

Assets 97
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Gryphon-backed Right Time acquires Halifax’s Breathe Clean

PE Hub

Breathe Clean Mini Split Heat Pump Cleaning is a provider of ductless heat pump cleaning services. The post Gryphon-backed Right Time acquires Halifax’s Breathe Clean appeared first on PE Hub.

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Jolt Capital makes €24m investment in sleep-disorder specialist BioSerenity

Private Equity Wire

Jolt Capital, an independent private equity firm specialising in growth investments in European deeptech companies, is to make a €24m investment in BioSerenity, a specialist in connected medical devices and innovative medical services in electrophysiology. Founded in 2014, BioSerenity has designed a range of medical devices and software for electroencephalography.

Capital 97
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Gulf Coast Express midstream stake sale draws PE interest

PE Hub

Kinetik’s 16% stake in the pipeline is valued at up to $550m. The company has been in the market with adviser JP Morgan since early summer. The post Gulf Coast Express midstream stake sale draws PE interest appeared first on PE Hub.

Stakes 160
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Dutch private equity firm Gilde Healthcare collects €740m from international investors

AltAssets

Utrecht-based Gilde Healthcare has closed its sixth fund at its €740m hard cap, almost double the size of its previous fund in the strategy. The post Dutch private equity firm Gilde Healthcare collects €740m from international investors first appeared on AltAssets Private Equity News.

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Kinetik to sell stake in GCX; Tim Short and Michael Hamilton launch Acadia

PE Hub

Ex-KKR Managing Director Short co-founds new energy transition investment firm. The post Kinetik to sell stake in GCX; Tim Short and Michael Hamilton launch Acadia appeared first on PE Hub.

Stakes 153
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Schroders Capital boosts AUM again with $410m secondaries fund close

AltAssets

Schroders Capital has pulled in more than $400m for the final close of its latest secondaries fundraise, bringing the total raised by the firm in the past three years to more than $1.5bn. The post Schroders Capital boosts AUM again with $410m secondaries fund close first appeared on AltAssets Private Equity News.

Capital 96
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McDonald joins HCI as chief of staff and communications VP

PE Hub

Previously, she was assistant vice president of EIG Global Energy Partners. The post McDonald joins HCI as chief of staff and communications VP appeared first on PE Hub.

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Mazars to combine US business with Forvis

Financial Times M&A

Accountancy firms to join up in America in latest sign of industry consolidation

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Silicon Valley VC firm launches its largest fund for B2B tech startups

AltAssets

Monta Vista Capital, a seed-stage venture capital firm, has rolled out plans to raise $48m for its latest vehicle without the help of institutional investors. The post Silicon Valley VC firm launches its largest fund for B2B tech startups first appeared on AltAssets Private Equity News.

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Gilde Healthcare closes new Venture&Growth fund at €740m hard cap

Private Equity Wire

Gilde Healthcare has held the final close of its Gilde Healthcare Venture&Growth VI fund with €740m in total capital commitments. Fund VI reached its hard cap following a first close at €600m in April this year. The new fund focuses on fast growing companies developing solutions for better care at lower cost. Gilde Healthcare invests in companies in Europe and North America active in digital healthcare, medical technology (MedTech) and therapeutics.

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Ex-YC Continuity head launches $350m fund and mentorship program for startups

AltAssets

Ex-YC Continuity head Anu Hariharan and former Brex exec Lucas Fox have partnered to raise $350m for flagship fund Avra alongside an invite-only mentorship program for startups. The post Ex-YC Continuity head launches $350m fund and mentorship program for startups first appeared on AltAssets Private Equity News.