Tue.Jun 06, 2023

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Berkshire Partners-backed FoodChain ID names Kearney as CEO

PE Hub

Kearney succeeds Brad Riemenapp, who led FoodChain ID as CEO for more than five years before passing away in May. The post Berkshire Partners-backed FoodChain ID names Kearney as CEO appeared first on PE Hub.

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PAI Completes Buy of IFF’s Savory Solutions Business

Private Equity Professional

PAI Partners has closed its acquisition of the Savory Solutions business unit of publicly traded International Flavors & Fragrances (IFF) at a valuation of $900 million. With the close of the acquisition, PAI has renamed the Savory Solutions business to NovaTaste with a headquarters in Salzburg, Austria. NovaTaste is a provider of ingredients for prepared… This content is for members only.

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Trending Sources

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How ChatGPT, generative AI are beefing up PE deal sourcing

PE Hub

LFM's Jessica Ginsberg: 'The vault, the volume and the velocity that these tools can bring to deal sourcing is tremendously valuable.' The post How ChatGPT, generative AI are beefing up PE deal sourcing appeared first on PE Hub.

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Kosovo’s new wealth fund offers development model for eastern Europe

Top 1000 Funds

Kosovo, a small country in south-eastern Europe that emerged as an independent state after the Balkan conflict, plans to create a sovereign development fund, the first of its kind in the region.

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Exaltare buys waxing studios operator/franchisor Uni K Wax

PE Hub

Noemi Grupenmager, who founded Uni K Wax in 1993, will continue to be involved and remain a significant shareholder. The post Exaltare buys waxing studios operator/franchisor Uni K Wax appeared first on PE Hub.

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Why internal management at Canada’s BCI includes ESG

Top 1000 Funds

For pension funds with large in-house teams that are also navigating the risk and opportunity of sustainable investment, a global head of ESG can play a vital role. Jennifer Coulson, the investor's first global head of ESG, explains why.

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Saudi Arabia to spend billions on shock merger of PGA Tour and LIV Golf

Financial Times M&A

Deal resolves bitter dispute between established series and breakaway league that has divided men’s game

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Genstar-backed Cetera Holdings acquires financial advisor TRPG

PE Hub

TRPG serves high-net-worth individuals, families and retirees and manages approximately $1.4 billion in assets under management. The post Genstar-backed Cetera Holdings acquires financial advisor TRPG appeared first on PE Hub.

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Saudi Arabia proves it can conquer sports with cash

Financial Times M&A

Plus, Sequoia splits up with China and a cross-border takeover saga tests relations between Rome and Beijing

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Westland snaps up Mycor Insurance Solutions, Murphy Insurance Services

PE Hub

Mycor Insurance and Murphy Insurance are Canadian property and casualty insurance brokerages. The post Westland snaps up Mycor Insurance Solutions, Murphy Insurance Services appeared first on PE Hub.

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Don’t let America’s ‘war on woke’ kill off climate collaboration

Financial Times: Moral Money

The disintegration of the insurance sector alliance under Gfanz emphasises such coalitions will need to adapt

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Valsoft Corp acquires Britain’s Shelton Development Services

PE Hub

Shelton Development Services is a UK-based housing development services provider. The post Valsoft Corp acquires Britain’s Shelton Development Services appeared first on PE Hub.

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Lloyds threatens to push Telegraph owner into receivership

Financial Times M&A

News, analysis and comment from the Financial Times, the worldʼs leading global business publication

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AIP-backed CES Power buys events HVAC services provider Immedia

PE Hub

Memphis-based CES Power is a global provider of sustainable mobile power generation, distribution, and temperature control solutions for large events. The post AIP-backed CES Power buys events HVAC services provider Immedia appeared first on PE Hub.

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CDPQ Invests CA $125 Million in Quebec-Based GSoft

Pension Pulse

Sean Silcoff of the Globe and Mail reports Caisse de dépôt invests $125-million in GSoft, latest in string of big bets on Quebec software companies: The Caisse de dépôt et placement du Quebec is making yet another nine-figure bet on a homegrown technology company, investing $125-million in Montreal software company GSoft Inc. The Quebec pension giant is taking an undisclosed stake in the bootstrapped company, created 17 years ago by a trio of 20-year-olds who have never raised outside funding an

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Comvest-backed Duke’s Root Control acquires Underground Infrastructure Services

PE Hub

Based in Elgin, Illinois, Duke’s is a provider of chemical root control solutions. The post Comvest-backed Duke’s Root Control acquires Underground Infrastructure Services appeared first on PE Hub.

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Axial’s 2023 Independent Sponsor Report: Summary & Analysis

Axial

In recent years, Independent Sponsors have emerged as a formidable force in the M&A economy. Over the last three years, Independent Sponsors have been one of the top three highest growth segments on Axial. 421 Independent Sponsors are actively sourcing on Axial, up from 314 this time last year (+34%). Given their rise in prominence, Axial surveyed the lower middle market Independent Sponsor community to dig deeper into the model.

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LFM Capital-backed Accelevation buys data center equipment integrator Instor

PE Hub

Based in Springboro, Ohio, Accelevation is a group of manufacturing companies serving the data center, electric vehicle, and robotic markets. The post LFM Capital-backed Accelevation buys data center equipment integrator Instor appeared first on PE Hub.

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[REPORT] How top banks are experimenting with generative AI and how it’s reshaping financial services

Insight Partners

This post is a special feature of Insights Distilled , a weekly tech-focused email briefing read by 1,000+ financial services executives. Learn more and sign up here. We’re on the brink of an AI revolution. Generative artificial intelligence – or AI models trained on enormous datasets that can create new content resembling human output – is set to disrupt financial services as we know it.

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Gurnet Point and Novo Holdings to acquire Paratek Pharmaceuticals for $462m

PE Hub

Oaktree Capital Management will provide $175 million in debt financing for this deal. The post Gurnet Point and Novo Holdings to acquire Paratek Pharmaceuticals for $462m appeared first on PE Hub.

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How to Value a Closely Held Business

Hedgestone

If you are considering selling your closely held business, one of the most important steps in the process is determining its value. Knowing how to value a closely held business can help you set a fair price for your business, attract the right buyers, and ensure a successful sale. In this article, we will walk you through the steps involved in valuing a closely held business.

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Hull Street Energy buys two Texas power plants

PE Hub

The seller was Mesquite Generation Holdings LLC, an affiliate of Atlas Holdings. The post Hull Street Energy buys two Texas power plants appeared first on PE Hub.

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A View From the Top: Bill Drehkoff of Heart & Vascular Partners

The Healthcare Investor

The interview below is part of a McGuireWoods series featuring interviews with C-suite leadership of private equity-backed portfolio companies. To recommend a leader for a future interview, email Holly Buckley at hbuckley@mcguirewoods.com or Tim Fry at tfry@mcguirewoods.com. Bill Drehkoff is the chief executive officer of Heart & Vascular Partners (HVP), a management services organization (MSO) focused on partnering with and supporting cardiology and vascular practices across the Unit

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Cinven-backed Jaggaer taps Hovancik as CEO

PE Hub

Headquartered in Morrisville, North Carolina, Jaggaer is an autonomous commerce firm. The post Cinven-backed Jaggaer taps Hovancik as CEO appeared first on PE Hub.

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Coinbase Is Basically Outlawed Now

The Reformed Broker

Join Downtown Josh Brown and Michael Batnick for another round of What Are Your Thoughts? On this week’s episode, Josh and Michael discuss the biggest topics in investing and finance, including: ►Apple Vision Pro – “Laugh all you want, everyone’s retirement is riding on this” ►MegaCap Tech – “Mega-cap tech has drawn comparisons to the internet stocks of the late 1990s.” The post Coinbase Is Basically Outlawed Now appeared first on The Reformed Brok

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Will ChatGPT find your next deal? We’ll let you know. Plus, new transactions from AIP, Comvest, Monomoy

PE Hub

Monomoy buys direct mail firm Japs-Olson. The post Will ChatGPT find your next deal? We’ll let you know. Plus, new transactions from AIP, Comvest, Monomoy appeared first on PE Hub.

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Trending This Tuesday – June 6, 2023

FMG

We’re sharing Tuesday’s resources to help you better engage clients and prospects, no matter the channel you’re focused on. 5 Email Subject Line Types Proven to Work for Advisors via Advisorpedia Your clients and prospects are incredibly busy, so it’s important that you’re hooking them right from the start when it comes to the emails that you send.

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Persistence-backed Neighbourly to acquire seven Canadian pharmacies

PE Hub

With headquarters in Toronto, Neighbourly is a Canadian network of community pharmacies. The post Persistence-backed Neighbourly to acquire seven Canadian pharmacies appeared first on PE Hub.

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Clips From Today’s Halftime Report

The Reformed Broker

Final Trades: Uber, Charles Schwab, Enphase & more from CNBC. The post Clips From Today’s Halftime Report appeared first on The Reformed Broker.

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Software firm Bestpass picks up financing from Insight Partners

PE Hub

Insight joins Susquehanna Growth Equity as a major Bestpass investor. The post Software firm Bestpass picks up financing from Insight Partners appeared first on PE Hub.

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Investor group including Kenny Alexander takes punt on 888

Financial Times M&A

News, analysis and comment from the Financial Times, the worldʼs leading global business publication

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Monomoy scoops up direct mail firm Japs-Olson

PE Hub

Lazard served as financial advisor to Japs-Olson. The post Monomoy scoops up direct mail firm Japs-Olson appeared first on PE Hub.

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Luxury marketing group The Independents raises $400mn for expansion

Financial Times M&A

News, analysis and comment from the Financial Times, the worldʼs leading global business publication

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Warburg Pincus Invests BRL150m (~USD3.3m) in Brazil’s Superlógica

Private Capital Investment in Latin America

Warburg Pincus made a BRL150m (~USD30.3m) follow-on investment in Superlógica, a Brazilian ERP for real estate brokers. Warburg Pincus first invested BRL300m (~USD60m) in 2020.