Private Equity Insights

OCTOBER 5, 2023

The Carlyle Group is leading the race to buy Medtronic’s connected patient monitoring and respiratory care operations, Reuters reported. Patient monitoring and respiratory interventions, part of Medtronic’s Medical Surgical portfolio, are among the slower-growing parts of the company. While neither business has the type of growth profile that Medtronic is targeting, they could be attractive to another company.

Private Equity Firms 246

Private Equity Firms Private Equity Firms Initial Public Offering Buyout 246

PE Hub

OCTOBER 5, 2023

Based in Prince George, British Columbia, Bid Group is an integrated supplier of equipment, engineering and optimization services and related solutions to the wood processing industry. The post Highland West Capital-backed Bid Group snaps up YGE appeared first on PE Hub.

Bidding 203

Bidding Capital 203

Private Equity Insights

OCTOBER 5, 2023

Private equity firm Ascend Capital Partners has acquired a majority stake in a leading physician-run independent physician associations operating in seven states. The firm has joined with Seoul Medical Group (SMG), with almost 400 primary care physicians and 4,400 specialists serving more than 70,000 patients in California, Georgia, Hawaii, New Jersey, New York, Virginia and Washington.

Private Equity Firms 162

Private Equity Firms Private Equity Firms Buyout Funds 162

PE Hub

OCTOBER 5, 2023

Clipway will focus on investing in the LP-led secondaries market. The post General Atlantic, Carmignac snap up minority stakes in Clipway appeared first on PE Hub.

Stakes 186

Stakes Investing 186

Private Equity Insights

OCTOBER 5, 2023

U.S. buyout firms Veritas Capital and Platinum Equity are vying to acquire Jacobs Solutions Inc’s (J.N) government consulting business, competing against rival contractor Amentum, according to people familiar with the matter. Dallas-based Jacobs is seeking final offers this week for the unit, which is known as Critical Mission Solutions (CMS), and could be valued at more than $4bn, the sources said.

Consultants 130

Consultants Consulting Private Equity Firms Private Equity Firms 130

PE Hub

OCTOBER 5, 2023

A look at L Catterton-backed Birkenstock’s expected debut next week; a team-up by General Atlantic and Carmignac; and Cambridge Associates shares insights co-investments. The post L Catterton-backed Birkenstock to IPO next week; General Atlantic and Carmignac make secondaries play appeared first on PE Hub.

Investing 175

Investing 175

Private Equity Professional

OCTOBER 5, 2023

Mill Point Capital has sold Avenu Insights & Analytics, a provider of software used by governments for administration and revenue collection, to Arlington Capital Partners. Mill Point first invested in Avenue in January 2017. Avenu’s products are used by more than 4,000 state and local governments to aid in the identification and collection of permits,… This content is for members only.

Capital 130

Capital Investing 130

Private Equity Insights

OCTOBER 5, 2023

The owner of the Lloyds Pharmacy chain has joined suitors circling The Body Shop. Aurelius Group is among the businesses eyeing the cosmetics company, which has been put up for sale by its Brazilian owner Natura. Others eyeing The Body Shop are thought to include private equity firm Epiris and Elliott Advisors, which owns Waterstones, according to Sky News Once deemed a trailblazer, The Body Shop has become the latest High Street chain to struggle.

Private Equity Firms 130

Private Equity Firms Private Equity Firms Buyout Bidding 130

Private Equity Professional

OCTOBER 5, 2023

Olympus Partners has sold The Foodware Group to CFS Brands, a portfolio company of TJC since March 2018. The Foodware Group is a manufacturer and supplier of front-of-the-house and back-of-the-house products to the foodservice industry with over 5,000 products across 25 categories. Olympus first invested in The Foodware Group (TFG) through the 2016 acquisition, through… This content is for members only.

Portfolios 130

Portfolios Companies Investing 130

Private Equity Insights

OCTOBER 5, 2023

Italian luxury sneaker brand Golden Goose has picked Lazard as financial adviser to explore a potential stock market listing in Milan, two sources close to the matter said on Tuesday. Golden Goose, in 2020 was acquired by private equity firm Permira, who you can meet at the Nordics Private Equity Conference , is aiming for a listing of the footwear brand in the first half of 2024.

Private Equity Firms 130

Private Equity Firms Private Equity Firms Initial Public Offering Buyout 130

Private Equity Professional

OCTOBER 5, 2023

Resonetics has closed the add-on acquisitions of Memry Corporation and SAES Smart Materials from Italy-headquartered SAES Getters for $900 million. Resonetics is a portfolio company of GTCR and Carlyle. GTCR’s investment in Resonetics is through Regatta Medical which was formed by GTCR and operating executive Chip Hance in April 2017 to acquire medical device manufacturing… This content is for members only.

Portfolios 130

Portfolios Companies Investing 130

Private Equity Insights

OCTOBER 5, 2023

AEA Investors LP (“AEA”), a leading alternative investment manager specializing in middle market private equity, growth capital and debt investments, today announced it has successfully closed its fifth Small Business Private Equity (“AEA SBPE”) Fund, AEA Investors SBF V (“AEA SBF V” or the “Fund”), with more than $1.3bn in total equity commitments, significantly exceeding the Fund’s target of $1.0bn.

High Net Worth Individuals 130

High Net Worth Individuals Private Equity Firms Private Equity Firms Funds 130

The Big Picture

OCTOBER 5, 2023

“If you want to read a moral condemnation of crypto theft, you can get that anywhere. You go to Michael Lewis for character and story.” – Matt Levine Michael Lewis’s new book “ Going Infinite: The Rise and Fall of a New Tycoon ” came out this week. I got a copy earlier after signing an NDA that I would not disclose anything about it until after the publication date, which was Tuesday, October 3rd.

142

142

Private Equity Insights

OCTOBER 5, 2023

US private equity firm Silver Lake has secured over 85% of the share capital and voting rights of Software AG, the second biggest Germany-based provider of business software after SAP. A press note from Software AG put its total share in the firm at 85.1%; an equivalent note from Silver Lake put it at 87%. The deal values Software AG at €2.6bn. The transaction has gone via a holding company called Mosel Bidco, which is “controlled by funds managed or advised” by Silver Lake, said a statement.

Private Equity Firms 130

Private Equity Firms Private Equity Firms Buyout Bidding 130

Private Equity Professional

OCTOBER 5, 2023

Warburg Pincus has agreed to invest in iNRCORE, a supplier of electronic components and a portfolio company of TJC. TJC, which acquired iNRCORE in February 2020, will continue as an investor in the company in partnership with Warburg Pincus. iNRCORE is a manufacturer of catalog and custom magnetic components used to transmit high-speed and mission… This content is for members only.

Investing 100

Investing Portfolios Companies Investors 100

Private Equity Insights

OCTOBER 5, 2023

As of October 5, 2023, General Atlantic LLC, a private equity firm, is currently exploring the possibility of selling EngageSmart Inc , a highly valued payments software vendor with a market worth of $3.22bn. It is worth noting that General Atlantic had initially acquired a majority stake in the company, previously known as Invoice Cloud, in 2018. EngageSmart specializes in providing innovative SaaS platforms that enhance customer engagement, streamline operational efficiency, and offer conveni

Private Equity Firms 130

Private Equity Firms Private Equity Firms Buyout Stakes 130

A Wealth of Common Sense

OCTOBER 5, 2023

Nick Maggiulli joined me again this week to talk about questions on dollar cost averaging, locking in higher bond yields and how much leverage is enough for your personal balance sheet. Further Reading: The Bond Bear Market & Asset Allocation 1Maybe I would change my mind if long-term rates ever get to 7-8%. The post Experts vs. Amateurs appeared first on A Wealth of Common Sense.

Leveraging 98

Leveraging Assets 98

Private Equity Insights

OCTOBER 5, 2023

Sienna Investment Managers’ private equity team has launched a mid-market European buyout fund, Citywire can reveal. The team of six was spun off from Oaktree Capital Management and joined Sienna IM, which is owned by Groupe Bruxelles Lambert (GBL), an investment holding company, which has investments in companies including Adidas, Pernod Ricard and Voodoo.

Buyout 130

Buyout Private Equity Firms Private Equity Firms Funds 130

Private Equity Wire

OCTOBER 5, 2023

NorthWall Capital (NorthWall), a credit investment firm delivering private capital solutions to counterparties in Western Europe, has exited its investment in global law firm Pogust Goodhead following a $552m investment by Gramercy Funds Management LLC (Gramercy). The investment partnership between Pogust Goodhead and Gramercy will refinance NorthWall’s €178m financing relationship with the law firm.

Law Firms 90

Law Firms Investing Legal Financing 90

Million Dollar Round Table (MDRT)

OCTOBER 5, 2023

By Clay Gillespie, CFP, CLU There are myriad ways to prepare clients for a fulfilling retirement. Clients accumulate assets for many years in the hope of retiring and living comfortably, but that’s only part of it. While clients may think everyone is happy and excited about retirement, it also can be one of the biggest stressors in their lives because their self-worth is tied to what they do for a living.

Assets 89

Assets Stock Market Stock Market Returns 89

Private Equity Wire

OCTOBER 5, 2023

Vestar Capital Partners (Vestar) has invested in Tech24, a commercial foodservice equipment repair and maintenance provider, alongside existing shareholders HCI Equity Partners (HCI) and the Company’s management team. The new investment will support Tech24’s organic and acquisitive growth in new and existing geographies and end markets. Founded in 1982, Tech24 currently services over 50 major markets in American 26 states, and its customer base includes restaurants, grocery and convenience store

Capital 87

Capital Legal Investing Shareholders 87

AltAssets

OCTOBER 5, 2023

Insight Partners was among private equity heavyweights to pick up commitments from the $97.4bn-managing Michigan Retirement Systems through its latest set of alternatives fund investments. The post Megafunds from Insight Partners, CVC, Genstar among latest Michigan pension commitments first appeared on AltAssets Private Equity News.

Funds 85

Funds Pension Funds Investing Buyout 85

Private Equity Wire

OCTOBER 5, 2023

Inflexion Private Equity has made a majority investment in Celnor, a newly established platform for testing, inspection, certification and compliance (TICC) businesses. The investment was made from the firm’s Enterprise Fund V. This is not the firm’s first TICC investment with the Inflexion having supported consolidation through a number of successful investments in the sector.

Investing 74

Investing Funds 74

AltAssets

OCTOBER 5, 2023

Natixis Investment Managers' sustainable finance arm Mirova is eyeing up to €2bn for its sixth fund dedicated to energy transition infrastructure. The post Natixis arm Mirova eyeing €2bn for latest energy transition infrastructure fund first appeared on AltAssets Private Equity News.

Funds 83

Funds Financing Finance Investing 83

FinSMEs

OCTOBER 5, 2023

Concentric Educational Solutions, a Baltimore, MD-based provider of an education support system, raised $5M in Series A funding. The round was led by New Markets Venture Partners. The company intends to use the funds to accelerate growth and build out its suite of services and philanthropic foundation to support students in their homes and in […] The post Concentric Educational Solutions Raises $5M in Series A Funding appeared first on FinSMEs.

Education 67

Education Funds Companies 67

AltAssets

OCTOBER 5, 2023

Triton-backed tank gearbox maker Renk has postponed its IPO, which it hoped would value the company at up to €1.8bn. Renk cited a “clouded” market environment, adding that it was considering relaunching the IPO at a later date. Private equity house Triton, which bought Renk from Volkswagen three years ago, planned to retain a majority stake following […] The post AltAssets private equity deal roundup – October 5, 2023 first appeared on AltAssets Private Equity News.

Stakes 79

Stakes Companies Buyout Capital 79

Private Equity Wire

OCTOBER 5, 2023

Global private investment firm KKR is expanding its operations in India with the opening of a new office in Gurugram, which the firm expects to be home to some 150 new staff by early 2024. KKR says the Gurugram-based team of finance, operations, human capital and technology talent will support KKR’s growth and enhance the firm’s business operations, as well as allow for a global operating model that aims to deliver consistent service and coverage to internal and external clients across the world

Financing 70

Financing Finance Investment Firms Capital 70

AltAssets

OCTOBER 5, 2023

European asset manager Aurelius has brought in placement agent veteran Helene Schutrumpf to lead its fundraising and investor relations efforts. The post Aurelius hires placement agent veteran Schutrumpf as investor relations, IR head first appeared on AltAssets Private Equity News.

Investors 76

Investors Asset Management Assets Debt 76

FinSMEs

OCTOBER 5, 2023

Carson Life, a Miami, FL-based natural health and beauty products company, raised a multi-million dollar revenue based financing. Decathlon Capital Partners provided the financial resources. The company intends to use the funds for new product innovation and expansion of its distribution network. Led by Sonia Guzmán, Founder and CEO, Carson Life is a natural health and […] The post Carson Life Receives Multi-Million Dollar Revenue Based Financing appeared first on FinSMEs.

Financing 62

Financing Finance Capital Funds 62

Top 1000 Funds

OCTOBER 5, 2023

Like all good long-term relationships, external fund manager partnerships should be steeped in trust, open dialogue, patience and new ideas. Mario Thierren, head of funds at CDPQ explains the key to external partnership success and the important role external managers play in plugging knowledge gaps.

Funds 59

Funds 59

FinSMEs

OCTOBER 5, 2023

Gradient, a Burlingame, CA-based API platform for AI developers, raised $10m in seed funding. The round was led by Wing VC, with participation from Mango Capital, Tokyo Black, The New Normal Fund, Secure Octane, Global Founders Capital, as well as dozens of leading AI & data practitioners from companies including Snowflake, Netflix, SAP, Figma, Airtable, […] The post Gradient Raises $10M in Seed Funding appeared first on FinSMEs.

Funds 62

Funds Capital Companies 62

AltAssets

OCTOBER 5, 2023

At One Ventures, the climate tech venture capital firm founded by Google X founding member Tom Chi, has raised $375m for the final close of its sophomore fund. The post Google X founding member’s climate tech VC firm has closed its $375m second fund first appeared on AltAssets Private Equity News.

Venture Capital 63

Venture Capital Funds Capital Buyout 63

FinSMEs

OCTOBER 5, 2023

Konect.ai, a Houston, TX-based provider of a SaaS conversational AI technology platform for the automotive retail industry, raised $5.5m in seed funding. Silverton Partners made the investment. The company intends to use the funds to expand operations and its product offerings, enhance research and development, and grow its presence in key markets. investment will fuel Konect.ai’s mission […] The post Konect.ai Raises $5.5M in Seed Funding appeared first on FinSMEs.

Funds 62

Funds Companies Investing 62

Private Equity Wire

OCTOBER 5, 2023

Stone-Goff Partners (SGP), a growth-oriented private equity firm focused on investments in technology-driven B2B service companies, has appointed Meet Doshi as Managing Director on the firm’s investment team. With more than a decade of private equity and investment banking experience, Doshi will focus on supporting SGP’s existing portfolio companies and executing new investments within the technology driven B2B space.

Private Equity Firms 63

Private Equity Firms Private Equity Firms Education Investment Banking 63