Financials
IPO offers CVC chance to become multi-asset consolidator
Potential IPO also offers monetisation solution for founders and GP stakes investor Blue Owl
IK Investment-backed Eres expected to hit the auction block by 2024
French employee savings distribution and management firm could be valued at a few hundred million euros
Kudu to step up boutique GP stake deals in Europe
MassMutual-backed investor aims to add more infrastructure and specialised equity GPs to its portfolio
GP Profile: Baird Capital puts lower-middle-market niche and global expansion offering to work
GP’s flexible deal structure proposition resonates particularly well with founders in the current environment, Michael Holgate told Unquote
Groupe Vilavi stays French and starts new chapter with HLD
Insurance company is valued at around EUR 300m and will focus on organic and external growth with new majority owner
Moneycorp sponsor Bridgepoint finalises sale prep for exit
GP has held the UK-based foreign exchange specialist since 2014, when it acquired it for GBP 212m
Bain Capital intensifies strategy specialisation efforts with USD 1.15bn insurance fund
New fund will deploy tickets of up to USD 200m but is 'not afraid to start small', Matt Popoli said
Blackstone takes minority stake in Groupe Premium
Deal values French wealth manager at EUR 1.15bn after earlier full exit attempt saw Eurazeo target EUR 1.5bn
AnaCap in advanced talks for two deals; has 'exciting' financial services and tech pipeline
Financial services-focused sponsor is honing in on one majority and one minority stake deal
Unquote Private Equity Podcast: In conversation with... Alex Walsh, Blackstone
Senior Managing Director Alex Walsh discusses topics including his career in the PE industry, LGBTQ+ representation and inclusion, and the current macro environment
ICG sells majority stake in With Intelligence to Motive Partners in GBP 400m deal
Sale to specialised financial technology investor follows a competitive process and brings acquirer closer to launch of third fundraise
Sluggish PE market struggles with deal execution, braces for pent-up demand wave
Financing challenges and valuation discrepancies have stymied deal count and volume, but hopes pinned on 4Q 2023 and beyond
Montefiore expects 100% re-ups for next EUR 1bn-plus fundraise
Past two fundraises saw funds oversubscribed by 3x on consistent exit track record, CEO Eric Bismuth said
Ayre Group’s VC arm eyes 10-15 blockchain deals this year
Family office-backed firm plans to invest at seed and Series A with tickets of USD 2m-USD 3m
Cinven emerges as frontrunner for ICG’s With Intelligence
ICG aims to sign deal for financial data and intelligence provider by end of next week
PE purchases stall in Italy as buyers lose faith – PE Forum Italy
PE players are hoping that valuation expectations will align in 2H 2023, easing dealmaking backlog
Macrobond owner Nordic Capital collects initial bids in wide sale process
Nordic Capital is expected to collect non-binding offers for Swedish financial data company Macrobond this week, two sources familiar with the situation said.
Wellington eyes late-stage growth opportunities with new USD 2.6bn fund
GP seeks to address capital needs pre-IPO or sale and anticipates a diverse portfolio for fourth fund
The Bolt-Ons Digest - 3 July 2023
Unquote’s selection of the latest add-ons with Palatine's Anthesis, Nordic Capital's Regnology, Waterland's Janssen and more
Portfolio Stock Exchange bets on uptick in PE fund listings
Exchange will initially seek Spanish closed-ended funds of EUR 40m-EUR 120m for listing
Open GI owner Montagu kicks off sale through BofA, Arma
GP previously attempted to sell the insurance software firm in 2018, having acquired the company in 2014
Arma intensifies US acquisition talks with Mediobanca backing
Deal to acquire its first US peer could come as soon as next year
Many-headed Hydra: Private markets manager consolidation rears its head
Multi-asset managers set to roll-up credit, infrastructure and secondaries players to add strategies for scale
Sponsors drive record take-private activity as deployment pressure mounts
Discounted small- and mid-cap take privates expected to feed 2 pipelines amid M&A and IPO slowdown