EuroPE Pulse - Weekly #3, 02/05
Dr. Clément MENGUE, Ph.D.
Global Strategy, Transactions & Research in TECH | CDD, TDD, Digital DD | Transformation & Growth | PE, VC & M&A Advisor | Investor
We're back! After a brief interruption due to a business trip in the US, we're excited to bring you the latest insights from the private equity and technology landscape. Here's what you can expect in this issue:
Private Equity Deal Digest: TPG 's investment in HR tech business G&A Partners, Bridgepoint's strategic investment in Kerv Group, Bregal Investments ' venture into impact investing with Bregal Sphere Nature Strategy, @HIG Capital's acquisition of DX Group in a ￡307m deal, Bain Capital 's anticipation of a rebound in technology transactions, and Kahoot!'s successful acquisition process led by Goldman Sachs Asset Management .
Tech M&A and Investment: 微软 and Atos's Eviden unit's five-year partnership focused on the cloud and artificial intelligence, the acquisition of the cloud & edge platform business of German Edge Cloud by European IT services leader WIIT - The Premium Cloud , and the zvoove Germany Group's successful acquisition of Netherlands-headquartered Planbition, a cloud-based workforce management solution.
Insider Scoop & Market Buzz: Private equity investors picking and choosing winners in the European fundraising market, Bridgepoint 's acquisition of RoC Skincare, La Fran?aise des Jeux's discussions to buy Kindred Group for approximately $2.5 billion, and French builder Vinci SA's plans to expand its energy infrastructure business.
Growth Tech & VC Spotlight: Q4 2023 insights into Software by Jonathan Cantwell, Partner & Head of Software at GP Bullhound , BOX ID's €3.5M financing round led by KPN Ventures, and a special feature on the "10 Hot Cybersecurity Companies You Should Watch In 2024" by Abnormal Security, spotlighting rising names like Palo Alto Networks, CrowdStrike, Zscaler and SentinelOne.
EPAM Spotlight: EPAM Systems ' launch of a Composable Suite of Retail Media Accelerators with Google Cloud, and EPAM Continuum 's Commercial, Technology and Operational Due Diligence services, which are part of our core private equity and M&A advisory focus areas as we partner with investors, distressed funds and hedge funds throughout the deal lifecycle.
We hope you find these insights valuable. If you enjoyed this newsletter, please consider sharing it with your colleagues. I appreciate your feedback and look forward to bringing you more updates in the future.
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Best, Clément
Global Strategy & PE Advisory | Cell: +49 151 25 840 898 | Email: [email protected]
PRIVATE EQUITY DEAL DIGEST
Jan 24 | Private Equity Wire
TPG, a global alternative asset management firm with $212bn in assets, has mad an investment in G&A Partners via its US and European private equity platform, TPG Capital, in partnership with the HR and technology services platform's existing management team.
Jan 25 | Private Equity Wire
Bridgepoint's Bridgepoint Development Capital IV, a fund focused on investing in mid-market growth businesses, has made a strategic investment in next generation cloud and digital transformation services provider, Kerv Group.
Companies: Bridgepoint Group PLC
Jan 31 | Global AgInvesting
Global AgInvesting Media Global private equity investment firm Bregal Investments announced its first venture into impact investing with the launch of Bregal Sphere Nature Strategy, a dedicated natural capital platform with a focus on agricultural supply chains. Headquartered in London and New York, Bregal Investments has a family of funds geared toward ... .
Companies: Bregal Capital LLP, Bregal Investments Inc, Global AgInvesting
Jan 30 | Finance Magazin
Mit insgesamt vier Plattforminvestments sichert sich die DBAG 2023 die Marktführerschaft im deutschen Private-Equity-Midmarket – und festigt damit zugleich die Position im Langfrist-Ranking der Top-Investoren.
Jan 30 | Private Equity Wire
An affiliate of HIG Capital, a global alternative asset investment firm with $60bn of capital under management, has completed the take-private acquisition of DX Group, a British mail, courier and logistics company, for an aggregate consideration of ￡307m.
Companies: DX (Group) plc, HIG Capital LLC
Jan 30 | Mergermarket
PE giant sees opportunities in app software, data for AI, cloud computing. Antitrust remains a headwind for add-ons and strategic buys of private assets. Bain Capital Private Equity expects a thaw in sponsor-to-sponsor M&A, along with the return of strategic sales, to help pace a measured rebound in technology transactions this year, said David Humphrey, Global Head of TMT and co-head of the North America PE business.
Companies: Bain Capital LP
Jan 25 | Private Equity Insights
Kahoot!, the global learning and engagement platform company, today announced the delisting from Oslo B?rs, in a successful acquisition process led by Goldman Sachs Asset Management...
Companies: Goldman Sachs Asset Management LP, Kahoot! AS
Jan 24 | BNN Bloomberg
European private equity firm Ardian will continue to exit investments in 2024 as the deals market opens up, according to one of its top executives.
Companies: Ardian
Jan 23 | BNN Bloomberg
(Bloomberg) -- German portable-battery maker Instagrid raised $95 million from investors including the Ontario Teachers’ Pension Plan and a Morgan Stanley fund in a funding round that values the company at more than $400 million, according to people familiar with the matter.
Companies: Morgan Stanley
Jan 30 | Clifford Chance
Clifford Chance advised the Ontario Teachers' Pension Plan and Boreal IM joint venture on the acquisition of a 165,000 sqm portfolio in France The Ontario Teachers' Pension Plan and Boreal IM joint venture (“JV”) announced its latest strategic acquisition in the French logistics market – a 165,000 sqm portfolio of five, fully-let, logistics assets.
Companies: Clifford Chance LLP
TECH M&A & INVESTMENT
Jan 25 | MarketWatch
Microsoft and Atos's Eviden unit entered a five-year partnership focused on the cloud and artificial intelligence that should bring in $2.8 billion in cloud service business for Eviden over the next five years. French IT company Atos said Thursday that Eviden, its digital, cloud, big data, and security business, would develop and deploy cloud and AI solutions along with Microsoft in industries such as financial services, automotive, manufacturing, energy and utilities,...
Companies: ATOS SE, Microsoft Corp
Jan 25 | Utimaco
Subscription Managers play a pivotal role in the eSIM ecosystem - providing the infrastructure for remote management of eSIM enabled devices. Their significance, however, now extends beyond traditional boundaries as they direct their focus towards cloud-based deployments to host and optimize eSIM environments.
Companies: Utimaco Safeware AG
Jan 25 | Der Aktion?r
Die Aktien von Secunet legen nach vorl?ufigen Quartalszahlen satte 18 Prozent an Wert zu. Der heimische IT-Sicherheitsspezialisten bezeichnete das zurückliegende vierte Quartal 2023 als das bisher erfolgreichste Quartal in der Unternehmensgeschichte. Doch rechtfertigen die Daten wirklich einen so deutlichen Kurssprung?
Companies: Secunet Security Networks AG
Jan 25 | Kantar Group
Inflation eases – but consumer behaviour varies by segment, with a deprioritising of personal care. The latest Fast-moving Consumer Goods (FMCG) sales data for the United Arab Emirates (UAE) indicate that individual shoppers spent more on groceries in Q3 of 2023 compared to the same period last year.
Companies: Kantar Group Ltd
Jan 25 | secunet
Im Rahmen eines von der EU und dem Bundesministerium für Wirtschaft und Klimaschutz gef?rderten Projekts wird secunet, Deutschlands führendes Cybersecurity-Unternehmen, gemeinsam mit Partnern hochsichere und sich automatisch vernetzende Edge-Cloud-Infrastrukturmodule entwickeln.
Companies: Secunet Security Networks AG
Jan 25 | Clipperton
Clipperton acted as sole financial advisor to Friedhelm Loh Group, the sole owner of German Edge Cloud (GEC), on the sale of its cloud & edge platform business to WIIT. With its market-leading solution portfolio of IaaS, PaaS, and edge infrastructure, the cloud & edge business will establish a new cloud & edge competence center within WIIT while further accelerating its pan-European growth trajectory.
Companies: Clipperton Finance SAS, German Edge Cloud GmbH & Co KG, WIIT Spa
Jan 23 | CRN
Adds fourth Australian business to its portfolio.
Companies: Microsoft Corp
Jan 23 | Staffing Industry Analysts
The zvoove Group, a Germany-based provider of SaaS (software as a service) solutions for personnel (including temporary and permanent staff) announce the successful acquisition of Netherlands-headquartered Planbition, a cloud-based workforce management solution. The group said the strategic move further solidifies zvoove's commitment to offering cutting-edge and innovative solutions to the temporary staffing industry.
Companies: Zvoove Group GmbH
Jan 22 | proALPHA
Industrial companies should put more focus on sustainability. This requires a precise analysis and the reduction of emissions, resource consumptions, and costs. Our acquisition of ENIT has empowered us, a leading provider of ERP+ software solutions for mid-market manufacturing companies, to develop a green ERP system which offers an integrated and efficient solution.
Companies: proALPHA GmbH
Jan 22 | UK Tech News
Leeds-based climate tech company C-Capture has appointed the former chief of microchip designer Arm as chair. Warren East brings nearly four decades of industrial tech experience to the board of C-Capture, including a 12-year tenure as chief executive of Arm. He then held the CEO role at Rolls-Royce from 2015 to his retirement in December 2022.
Companies: C-Capture Ltd, Rolls-Royce Holdings PLC
领英推荐
INSIDER SCOOP & MARKET BUZZ
Jan 23 | Mergermarket
While the European private equity (PE) industry saw buyout funds raising a healthy EUR 249bn in 2023, up 13% versus 2022, there was also a 17% year-on-year drop in the number of funds that held closes. “In difficult, liquidity constrained markets, capital naturally concentrates to the highest quality and most proven managers ,” said Alexander Wolf, managing director at HarbourVest.
Jan 23 | Private Equity Wire
Bridgepoint, via Bridgepoint Europe VII, a fund focused on investing in mid-market growth businesses, is to acquire RoC Skincare, with existing backer Gryphon Investors, selling its majority shareholding in RoC as part of the transaction.
Companies: Bridgepoint Group PLC
Jan 21 | BNN Bloomberg
La Fran?aise des Jeux is in discussions to buy Kindred Group for approximately $2.5 billion, the Wall Street Journal reported, citing people familiar with the matter.
Companies: La Francaise des Jeux SAEM
Feb 1 | BNN Bloomberg
Turkey’s sovereign wealth fund, known as TWF, is considering a debut Eurobond sale soon, more than three years after it was forced to shelve similar plans because of adverse market conditions, according to people with direct knowledge of the matter.
Jan 22 | BNN Bloomberg
French builder Vinci SA is looking to expand its energy infrastructure business as the global shift away from fossil fuels opens up more opportunities in clean power.
Companies: VINCI Energies SA, Vinci SA
Jan 31 | Forbes
The Vienna-listed integrated energy company has upped its game on moving away from oil and gas in line with stated ambitions of a phased reduction by 2030.
Companies: OMV AG, TotalEnergies SE
Elon Musk says Chinese EV makers will 'pretty much demolish' most competitors without trade barriers
Jan 25 | CNBC
Companies including BYD, Nio and Xpeng have expanded sales outside of China in the last two years, looking to take on established automakers, including Tesla.
Companies: Tesla Inc
Jan 31 | Bloomberg
Jan 22 | Private Equity Wire
Eurazeo, a European private equity firm with €33.5bn in AUM, has completed a €25m minority investment in EX NIHILO, a $60m high-growth niche perfumery brand best known for its ‘Fleur Narcotique’ scent.
Companies: Eurazeo SE
Jan 25 | MarketWatch
Haleon said that it has agreed to sell ChapStick lip-care brand to Suave Brands Co. for up to $510 million as it seeks to divest from non-core assets and reduce debt. The consumer-healthcare business--which was spun out of GSK and is partly owned by Pfizer--said on Thursday it will receive cash proceeds of around $430 million, as well as a passive minority interest in the Suave Brands Co.--a portfolio company of private-equity firm Yellow Wood Partners--valued at up to $80...
Companies: Haleon plc
GROWTH TECH & VC SPOTLIGHT
Jan 29 | GP Bullhound
Jonathan Cantwell, Partner & Head of Software at GP Bullhound, said: “Various trends shaped the Software landscape in Q4 2023. Application Performance Management solutions are seeing strong tailwinds due to the need for more observability, with the current market for APM tools looking to reach $19bn in 2030 from $9bn today.
Companies: GP Bullhound LLP
Feb 1 | Kirkland & Ellis
Kirkland & Ellis advised Great Hill Partners on the sale of eloomi, a leading learning experience platform software provider, to Ceridian, a global leader in human capital management (HCM) technology. Read the transaction press release The Kirkland team was led by corporate partners Dave Gusella and Christian Atwood.
Companies: Ceridian HCM Holding Inc, Kirkland & Ellis LLP
Feb 1 | Abnormal Security
Rising Names In Cybersecurity With an estimated 3,000 cybersecurity companies in the market, just a few vendors have achieved the sort of name recognition that all companies aspire to. This select group includes cybersecurity companies such as Palo Alto Networks, CrowdStrike, Zscaler and SentinelOne — vendors whose product differentiation, strong growth and partner-friendly approaches have given them massive momentum with little sign of a slowdown anytime soon.
Companies: Abnormal Security Corp, Crowdstrike Holdings Inc
Feb 1 | Apex Fund Services
Our survey of asset managers in 2023 uncovered the factors influencing their decisions to shift to a new financial services provider. It reveals how evolving priorities are prompting managers to make a change. 35% said that better technology would be a main driver of moving to a new partner – a 9% increase from 2020 when we last undertook the survey!
Companies: Apex Fund Services (Group) Ltd
Feb 1 | High-Tech Gründerfonds
BOX ID raises €3.5M in financing round led by KPN Ventures Funding round to accelerate product development and business expansion Streamlining in- and outbound logistic flows for 60+ customers worldwide BOX ID is recognized innovation leader and finalist in 2024 IFOY award Garching, Germany, February 1st, 2024 – The Munich-based logistics software provider BOX ID has raised €3.5M to further scale its product offering for IoT-based suppl
Companies: Bayern Kapital GmbH, High Tech Gruenderfonds Management GmbH
Feb 1 | High-Tech Gründerfonds
Financing round secures Tyrolean start-up €5.7 million for continued growth Cooperation agreement with global industry association “PDA” Innsbruck, 1 February 2024. The Innsbruck-based tech start-up Innerspace, which enables risk assessment of production processes and effective training of cleanroom personnel for leading pharmaceutical companies using software and Virtual Reality (VR), can advance its growth trajectory after a highly succes
Companies: High Tech Gruenderfonds Management GmbH, Innerspace GmbH
Jan 31 | AccountantsDaily
The UK business software operation snaps up another local as part of its ambitious expansion plans in the region.
Companies: Access UK Ltd
Jan 31 | The Access Group
The acquisition brings further breadth to Access Hospitality’s comprehensive technology portfolio, which provides IT solutions for all aspects of the hospitality business from guest booking, EPoS, table management and marketing to procurement, facilities management, training and hotel PMS. The integration of Wireless Social’s technology with Access Hospitality’s solutions will offer customers further insight and understanding of guest demographics such as the tracking of ordering, time spent in...
Companies: Access UK Ltd
Jan 26 | The Access Group
Are you looking for local government technology trends that will improve the quality and mitigate the risks to the range of services your local government department provides? Have you recently started revitalising your digital journey but are not sure what software, products, or equipment are best to invest in?
Companies: Access UK Ltd
Jan 31 | High-Tech Gründerfonds
The global annual demand for oil is staggering, with 4400 million tons of fossil oil and 210 million tons of vegetable oil, often sourced from palms. It is increasing, exacerbating the threat of global warming that poses a significant risk to humanity The Hamburg-based startup COLIPI addresses this challenge with a patented Carbon Capturing & Biotransformation technology that will convert CO2 into Climate Oil. This Climate Oil is intended to have broad applications in the cosmetics a
Companies: High Tech Gruenderfonds Management GmbH
EPAM SPOTLIGHT
Feb 4 | EPAM Continuum
We take an end-to-end, multidisciplinary approach that goes beyond the initial transaction. We quickly pinpoint rich, actionable insights about the asset’s current core capabilities and develop strategies for enhancing future operational and financial performance, ensuring your investment thesis is achievable. We’re also fluent in a vast array of technologies, from AI and cloud to IoT and cybersecurity, giving you confidence to navigate a fast-changing, dynamic market.
Commercial, Technology and Operational Due Diligence: Our fine-tuned rapid diligence framework allows us to complete even the most complex assessment in weeks — not months — giving you the inputs needed to make a competitive bid.
Companies: EPAM Systems Inc
Jan 25 | AiThority
EPAM’s Retail Media Orchestration Toolkit provides a solution for retailers to scale their retail media business and leverage the analytical capabilities of Google Cloud Retail media offers a significant revenue-generating opportunity for retailers to sell advertising space fueled by customer transactional data and insights. However, scaling such a business poses a significant challenge for many. EPAM [...] The post EPAM Launches a Composable Suite of Retail Media Accelerators with Google Cloud appeared first on AiThority.
Companies: EPAM Systems Inc
Jan 29 | Finance Magnates
In a panel discussion at the Finance Magnates London Summit 2023, industry titans convened to dissect the evolving contours of finance under the theme "Banking Reimagined: Disrupting the Future." Moderated by David Gyori, the CEO at Banking Reports, the discourse delved into innovative strategies poised to shape the future of banking and payments. The discussion unfolded with insights from luminaries representing diverse sectors of the finance realm. Michael Nelhams, the Senior Director of Open Banking and Payments at EPAM, Alex Phillips, the Senior Vice President at Marsh, Andrea Bacioccola, the General Manager at Igea Digital Bank, Russell Sopp...
Companies: EPAM Systems Inc, GoCardless Ltd, Risk Management Solutions Inc.
?? Diving into private equity & tech reveals endless possibilities! ?? As Warren Buffett wisely alludes - the best investment you can make, is in yourself. Let's explore these landscapes for growth & innovation together! ???? #EuropePulse #InnovationGrowth