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Category: Downsizing

PAI Partners to acquire IFF’s Savory Solutions in USD 900m deal

European sponsor PAI Partners is to acquire food ingredients producer Savory Solutions Group from New York-listed artificial aromas and flavours manufacturer IFF in a USD 900m deal.

Bellevue hires ex-Partners Group trio for new secondaries strategy

Swiss asset manager Bellevue Group has hired Steven Kroese, Lars Honegger and Chris Davies from Partners Group with the aim of launching a secondaries strategy at the start of 2023.

Afinum, Invision-backed Ledlenser prepped for sale

Ledlenser, a German LED flashlight and headlamp specialist backed by Afinum and Invision, is being prepped for sale by Houlihan Lokey, according to three sources familiar with the situation.

FSI eyes new fund with near EUR 1bn returned to LPs this year

Italian growth investor FSI has a new fund in sight after returning close to EUR 1bn to its limited partners via four exits, chief investment officer Barnaba Ravanne told Unquote.

Unquote Private Equity Podcast: 2023 – New year, new market?

With 2022 drawing to a close, the Unquote and Mergermarket private equity reporting team shares insights on how the market is shaping up for 2023, covering fundraising, sector trends and special situations opportunities.

Women in VC: Speedinvest’s Nangia on supporting female and underrepresented founders

Venture capital firm Speedinvest has pledged to invest 30% of its capital over the next three years in female and diverse founders, with a separate fund-of-funds dedicated to emerging managers as it strengthens its commitment

Inflexion mulls sale of Chambers & Partners

Buyout group Inflexion is weighing a sale of Chambers & Partners, the global provider of legal rankings, four sources familiar with the matter said.

The Kroger-Albertsons Merger Spotlights a Popular Private Equity Tactic

Albertsons wants to pay $4 billion to shareholders ahead of its proposed merger with Kroger, a move that would require the already debt-ridden company to borrow $1.5 billion.

Can Child Care Be a Big Business? Private Equity Thinks So

Some high-end chains are surprisingly profitable, and they are trying to shape child care policy in Washington.

Melior sells BHP Insurance to PE-owned PIB Group

Irish sponsor Melior Equity Partners is exiting its insurance broker portfolio company BHP Insurance in a sale to Apax and Carlyle-backed PIB Group after 18 months of investment.

Equistone makes three ESG manager hires

European mid-market GP Equistone has hired three ESF managers in its offices in London, Paris and Munich with the aim of supporting the firm’s sustainability objectives in its current portfolio and new investments.

Alcentra takes keys to three PE-backed companies this year

Alcentra’s former owner BNY Mellon spent most of this year out in the market, looking for a buyer for the alternative asset manager. Eventually, the bank found a new home for Alcentra in the form

RJD Partners sells Babington to Unigestion

RJD Partners has sold its stake in UK apprenticeship provider Babington to the private equity arm of the Swiss asset manager Unigestion.

Private Equity Trendspotter: Sponsors look for sure footing as market slowdown signals change in deals landscape

2022 had a lot to live up to following the heady heights of private equity activity last year. But, after a war and the most aggressive series of interest rates hikes in decades, the contrast

Intesa Sanpaolo investment banking head exits for BNP Paribas

Marco Lattuada, Intesa Sanpaolo’s global head of investment banking and structured finance, has stepped down from his role to join French bank BNP Paribas, sources said.

Munich Private Equity closes Fund IV on EUR 392m

Munich Private Equity Partners (MPEP), a lower mid-market and mid-cap fund-of-funds investor, has held a final close for its fourth fund on EUR 392m, managing directors Christopher Bär and Christian Moritz told Unquote.

Multiples Heatmap: Valuations ease as PE deals slow down

Against an increasingly complex background, European PE activity slowed markedly in 3Q22 bringing down the average long-term EV/EBITDA multiples of sponsor-backed transactions, the latest Clearwater Multiples Heatmap shows.

Wise Equity partially exits Vittoria to Telemos Capital

Wise Equity is set to exit its majority investment in Italian manufacturer of high-end bicycle tyres Vittoria to UK-based mid-market private equity firm Telemos Capital.

Golding closes buyout co-investment fund on EUR 273m

DACH-based asset manager Golding Capital has closed its buyout co-investment fund on EUR 273m, with the GP to launch fundraising for its successor next year.

Tikehau taps Unilever VP to lead regenerative agricultural practice

Tikehau Capital has appointed Unilever executive Laurent-David Charbit as co-head of its regenerative agricultural practice.

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