Tue.Jan 14, 2025

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2 Top Tech Stocks to Buy in January

The Motley Fool

Plenty of technology companies saw solid growth in the past couple of years. Catalysts like strong spending on cloud infrastructure and services related to the growing adoption of artificial intelligence (AI) played a part, and there is a good chance that the trend will continue in 2025. Global information technology (IT) spending is forecast to increase by 9.3% in 2025 (to $5.74 trillion) as compared to 2024's estimated increase of 7.2%, according to Gartner.

Returns 246
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Sallyport closes $160m inaugural PE fund, exceeding target

Private Equity Insights

Texas-based Sallyport Investments closed its first private equity fund at $160m, surpassing its original target. The fund focuses on investing in lower middle-market companies across North America. Key sectors include healthcare, business services, and industrials, areas identified for their strong growth potential and scalability. The fund received commitments from a diverse group of investors, including family offices, institutional investors, and high-net-worth individuals.

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Rotating Machinery Services Switches Sponsors

Private Equity Professional

Arcline Investment Management has acquired Rotating Machinery Services (RMS) from Cortec Group. RMS specializes in aftermarket repair, maintenance, and overhaul services for large, highly engineered rotating equipment. The company services products used in refineries, chemical and petrochemical plants, and oil and gas facilities. Source: Rotating Machinery Services RMS’s service offerings include centrifugal, axial, reciprocating, and oil-free screw compressors, as well as hot gas expander

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AllianzGI closes €1.5bn Private Markets Credit Opportunities Fund

Private Equity Insights

Allianz Global Investors closed its Private Markets Credit Opportunities Fund at 1.5bn, exceeding its initial target. The fund aims to provide flexible credit solutions to mid-sized companies across Europe, focusing on direct lending and structured credit investments. The capital was raised from a global pool of investors, including insurance companies, pension funds, and family offices.

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Bottoms Up! Atlas Exits Saxco

Private Equity Professional

Atlas Holdings has agreed to sell Saxco International to Novvia Group , a portfolio company of Kelso & Company. Saxco International is a distributor of rigid packaging products, including glass, metal, and plastic containers, closures, capsules, and custom packaging. The company serves more than 5,000 customers, including wineries, brewers, distillers, and specialty food manufacturers.

Capital 130
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Franklin Templeton launches $904.5m secondary PE fund

Private Equity Insights

Franklin Templeton has introduced its first open-end fund focused on secondary private equity. The fund launched with $904.5m in assets under management through partnerships with two U.S. wealth management firms. The Franklin Lexington Private Markets Fund (FLEX) is co-advised with Lexington Partners, a leader in secondary and co-investment markets.

Funds 147
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Tonka Bay Sees the Light

Private Equity Professional

Tonka Bay Equity Partners has acquired LightMart , a distributor and manufacturer of outdoor industrial and commercial lighting products. LightMart offers a wide selection of light poles in square and round designs, made from steel, aluminum, and fiberglass, for use in parking lots, streets, and sports lighting. The companys LED fixture lineup includes area lights, floodlights, high bays, and canopy lights.

Capital 130

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Kinderhook Sells VAI to L Catterton’s RealTruck

Private Equity Professional

Kinderhook Industries has agreed to sell Vehicle Accessories (VAI) to RealTruck , a portfolio company of L Catterton. VAI is a leading manufacturer of functional automotive accessories, offering products such as all-weather floor mats, splash guards, body-side moldings, and running boards. The company’s customers include major automotive brands and original equipment manufacturers (OEMs) like Toyota, Lexus, Ford, Subaru, and General Motors.

Capital 130
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Barry’s Bootcamp expands global footprint with Princeton Equity Group investment

Private Equity Insights

Barrys Bootcamp, the renowned boutique fitness brand, has secured new funding from Princeton Equity Group to fuel its global expansion and strengthen its market position. Princeton, which manages $1.3bn in assets, has a history of backing wellness brands like Massage Envy and D1 Training. While the size of the investment remains undisclosed, it represents a key step in Barrys growth strategy.

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Liftoff eyes $4bn valuation as Blackstone weighs exit strategies

Private Equity Wire

Blackstone is considering various strategic options for Liftoff, including a sale, which could value the mobile app marketing provider at over $4bn, including debt, according to a report by Reuters citing two sources familiar with the matter. The California-based company is collaborating with investment banks Goldman Sachs and Jefferies to explore its alternatives, including the possibility of an initial public offering, the unnamed sources have said, cautioning that these discussions are in the

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EG Group targets $13bn New York IPO to drive growth and reduce debt

Private Equity Insights

EG Group is gearing up for a $13bn IPO on the New York Stock Exchange. The company, co-owned by the Issa brothers and private equity firm TDR Capital, plans to list later this year in one of the largest retail IPOs in recent memory. The IPO will reportedly value the UK-based firm at approximately 10.7bn ($13bn). EG Group aims to use the proceeds to reduce its $9bn debt and fund expansion, with a focus on strengthening its US operations.

Debt 130
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Hargreaves Lansdown, Thoma Bravo, and Brookfield leverage EU’s low valuations

Private Equity Wire

Private equity firms increased their activity in Europe last year, capitalising on the continent’s economic difficulties to acquire large companies at lower valuations, according to a report by the Financial Times. Major transactions included a $6.9bn consortium deal for investment platform Hargreaves Lansdown, a $5.5bn buyout of cyber security company Darktrace by Thoma Bravo, and Brookfield’s $3.8bn investment in French renewable energy developer Neoen.

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Blue Owl Capital supports $4bn acquisition of PCI Pharma Services

Private Equity Insights

Blue Owl Capital backed the $4bn acquisition of PCI Pharma Services, a leading provider of pharmaceutical packaging and clinical trial solutions. The deal was led by Kohlberg & Company, with Blue Owl providing strategic financing to support the transaction. PCI Pharma Services, headquartered in Philadelphia, delivers packaging, clinical trial support, and supply chain solutions to pharmaceutical and biotech companies.

Capital 130
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Allianz closes €1.5bn private debt secondaries fund

Private Equity Wire

Allianz has closed its global Allianz Private Debt Secondaries Fund (APDS) at 1.5bn (1.26bn), exceeding its initial target size of 500m, according to a report by Alternative Credit Investor. Launched in September 2022, the APDS marks AllianzGIs inaugural secondaries fund, focusing on senior direct lending opportunities along with opportunistic positions.

Debt 87
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Ares Management secures record €30bn for private direct lending strategy

Private Equity Insights

Ares Management has successfully raised 30bn for its private direct lending strategy, marking the largest fundraise in the firms history for this asset class. The strategy focuses on providing bespoke financing solutions to middle-market companies across North America and Europe. The 30bn was raised from a diverse global investor base, including sovereign wealth funds, pension plans, insurance companies, and family offices.

Financing 130
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Blue Owl backs $4bn PCI Pharma deal

Private Equity Wire

Blue Owl Capital is spearheading a private credit deal worth approximately $4bn for PCI Pharma Services, which, if finalised, would rank among the largest direct lending agreements of the year, according to a report by Bloomberg citing sources familiar with the matter. The financing package includes a unitranche loan of about $3bn intended to refinance PCI Pharmas current debt, the unnamed sources said.

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FIZE Medical Raises $30M in Series A

FinSMEs

FIZE Medical, a Tel Aviv, Israel-based fluid management optimization company, raised $30M in Series A funding. The round included a $14MSeries A-4 led by Rapha Capital Management and its managed fund, Rapha Capital PE Life Sciences Fund VI, with participation from Valitas Venture Capital, and eHealth Ventures. The company intends to use the funds to […] The post FIZE Medical Raises $30M in Series A appeared first on FinSMEs.

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King Street to launch EU-focused private credit fund

Private Equity Wire

King Street Capital is preparing to launch a new private credit fund, backed by a $70m investment from Generali Investments, the asset management division of the Italian insurance company Generali, according to a report by Bloomberg. King Street, which manages over $27bn in assets, joins other firms targeting European opportunities in the rapidly growing private credit market, which has attracted major global investors in recent years.

Funds 93
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Capital D invests in retail tech innovator GoWish

Private Equity Insights

Capital D, a private equity fund manager, has made a strategic investment in GoWish, a leading Danish retail technology company. GoWish offers an AI-powered platform that enables retailers to predict customer preferences, optimise inventory, and enhance engagement. The companys solutions have gained traction with major retail brands, positioning it as a key player in the retail technology sector.

Capital 130
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SEC accuses Musk of delaying disclosures on Twitter share position

Financial Times M&A

US regulator says Tesla chief underpaid by at least $150mn by not timely disclosing 5% stake in social media group

Stakes 111
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Top 3 private equity news of the week

Private Equity Insights

Prada is evaluating a potential acquisition of Versace from Capri Holdings, with Citi acting as its adviser. Capri Holdings has engaged Barclays to identify potential buyers for Versace, attracting interest from private equity funds and other fashion groups. This development follows Tapestrys decision in November to abandon its $8.5bn acquisition deal for Capri, the parent company of Michael Kors.

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XtremeX Mining Technology Raises $11M in Series A Funding

FinSMEs

XtremeX Mining Technology, a Bellaire, TX-based company providing drilling solutions, raised $11M in Series A funding. The round was led by GoGreen Partners. The company intends to use the funds to drive the development and field deployment of the first hybrid rig at Santa Cruz. Led by CEO Matt Porter, XMT is a technology-driven hybrid […] The post XtremeX Mining Technology Raises $11M in Series A Funding appeared first on FinSMEs.

Funds 59
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Allianz Global Investors soars to €1.5bn debut secondaries debt fund close, triple its initial target

AltAssets

Allianz Global Investors has raised 1.5bn for the final close of its debut private secondaries debt fund, a huge jump compared to its initial 500m target. The post Allianz Global Investors soars to 1.5bn debut secondaries debt fund close, triple its initial target appeared first on AltAssets Private Equity News.

Debt 98
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US sues KKR for allegedly shunning antitrust filings requirements

Financial Times M&A

Lawsuit follows lengthy settlement talks between justice department and the private equity group

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Koni Stack Partners with Mythical Games to Launch ‘Football Rivals’ on Telegram, Introducing a New Use Case for Polkadot and Accelerating Web3 Adoption

FinSMEs

Hanoi, Vietnam, 14th January 2025, Chainwire The post Koni Stack Partners with Mythical Games to Launch ‘Football Rivals’ on Telegram, Introducing a New Use Case for Polkadot and Accelerating Web3 Adoption appeared first on FinSMEs.

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The AIC New Member of Congress Report: How Private Equity Directly Supports Jobs & Businesses in the States and Districts of Over 70 New Members

American Investment Council

WASHINGTON, D.C. Today, the American Investment Council (AIC) released a new report highlighting how private equity investments support millions of jobs and thousands of businesses across the states and districts represented by newly elected members of the 119th Congress. The American Investment Council congratulates each newly elected Senator and Representative and welcomes them to Washington.

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Observer newspaper deal attracts government scrutiny

Financial Times M&A

Structure and funding of acquisition by digital start-up Tortoise and other investors to be examined

Funds 89
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EMN Raises USD $5M in Series A Funding

FinSMEs

Enhanced Medical Nutrition (EMN), a Toronto, Canada-based food-as-medicine company that commercializes medical nutrition products to improve outcomes in surgery, raised USD $5M in Series A funding. The round was led by dsm-firmenich Venturing and the Corporate Venture Capital (CVC) arm of Ajinomoto Co., Inc. with participation from PeakBridge, Elder Ventures, angel investors and existing shareholders. […] The post EMN Raises USD $5M in Series A Funding appeared first on FinSMEs.

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British activist investor seeks to disrupt Singapore takeover

Financial Times M&A

Palliser Capital accuses OCBC of treating insurers minority shareholders unfairly as activist campaigns pick up in Asia

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BlackRock’s conscience comes with an ever-higher price tag

Financial Times: Moral Money

Larry Fink is used to brickbats, but this is a serious escalation

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Succession curveballs on Wall Street

Financial Times M&A

Plus, meet the Donald of Dubai and what could go wrong in private credit

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ALIVE Ventures Leads USD29m Round for Colombia’s FinMaq

Private Capital Investment in Latin America

ALIVE Ventures led a USD29m round for FinMaq , a Colombia-based digital lending platform, with participation from 30N Ventures, Accial Capital and Iris Bank. The post ALIVE Ventures Leads USD29m Round for Colombias FinMaq appeared first on LAVCA.

Banks 52
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Money Marketing: Preparing for the Great Female Wealth Transfer

SEI

With 70% of inheritances projected to go first to women, the industry isnt talking enough about the Great Female Wealth Transfer. Read more from SEI's Sneha Shah.

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The Winning LOI [Vol. 4, Issue 2, No. 54]

Axial

Welcome to the latest issue of The Winning LOI, the Axial newsletter that anonymously reveals small business M&A valuation data and certain key deal terms associated with winning LOIs. To subscribe to The Winning LOI, please enter your email below. In todays issue, we review the LOI for a Consumer Goods company that reported a revenue range of $10M-$12M and an EBITDA range of $2M-$3M when the deal confidentially went to market via Axial in Q1 2024.

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What does the AI Revolution Mean for Financial Market Performance

Walkner Condon Financial Advisors

Syl Michelin, Expat Financial Advisor at Walkner Condon, evaluates AI's impact on financial market performance. He highlights its influence on momentum investing and the concerns it generates over valuations and productivity in a complex economic landscape.

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Good Market Launches No-Code Trading Platform to Address Retail Traders’ $2.1 Trillion Challenge

FinSMEs

London, London, 14th January 2025, Chainwire The post Good Market Launches No-Code Trading Platform to Address Retail Traders’ $2.1 Trillion Challenge appeared first on FinSMEs.

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Mainsail Partners 2024 Year in Review

Mainsail

The post Mainsail Partners 2024 Year in Review appeared first on Mainsail Partners.

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