Weekly insights for creating value in private equity.
The Midmarket’s People Problem
2024 has seen a renewed interest in midmarket deals. Successful post-facto value creation, though, will rely on buyout firms’ ability to navigate human capital needs.
KKR Cashes In on Historic Run for Japanese Chipmaker Kokusai Electric
Plus: Platinum Equity acquired aircraft landing gear manufacturer, Qatalyst Partners seeks buyer for $6.6 billion Smartsheet, and Madison Dearborn exits LinQuest.
Private Equity Case Study: Catalent
Blackstone helped lay the foundation for Catalent to double annual revenue to $3 billion between 2007 and 2020.
Bain and Reverence Pay $4.5B to Take Envestnet Private
Plus: Macy’s stock falls after failed PE buyout, Blackstone wins the Hipgnosis bidding war, and CD&R and Permira team up to target French cybersecurity.
Operations Are at the Core of Edison Partners’ Energy AI Deal
Edison Partners’ $15M deal with energy AI tool Seismos leaned on Edison Edge, the firm’s operations platform. Such a platform is a rarity for a lower mid-market dealmaker.
Bain Capital Exits Varsity Brands After Six Years, Doubles EV
Plus: Sanofi's $20 billion consumer business attracts flurry of PE interest, Goldman seeks higher bids for B&B Hotels, and Permira is expanding its climate investment team.
EQT is Trying to Close a Rare Gaming Industry Deal
Plus: Blackrock acquires Preqin for private markets data, PAI Partners bids on Spanish telecom company, and New Mountain Capital closes $15.4 billion fund.
Bain's Offer to Buyout Bapcor Seen as 'Reset' for Company
Plus: KKR is raising $20 billion for a new North America fund, Andreessen Horowitz is getting into private equity, and KPS Capital Partners exits $4 billion packaging company.
Europe Private Equity Report 2024
Deal-making is down across most sectors in Europe except for industrials.
Ardian's Interest in Heathrow and Airports
Plus: Advent acquires stake in Fisher Investments, CVC-owned Zabka prepares for IPO, and Carlyle's CEO says returns in Japan have been 'extraordinary.'
Bain Capital's Big Bet on EdTech with PowerSchool
Plus: Carlyle's Japan fund has pipeline of 300+ targets, TPG goes on buying spree in downtown Manhattan, and AE Industrial Partners exits Belcan.
Energy Capital Partners Reloads for More Sustainable Investments
Plus: Paramount agrees to merge with Skydance Media, Blackstone circles back for Hipgnosis, and 777 Partners fails to acquire Everton football club.
