Vista goes for a third take-private this year, Francisco Partners hires three CEOs, Thoma Bravo goes all-cash for ForgeRock | The Carve-Out
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This week in private equity:
?? Vista has continued a run of take-privates this year, following Citrix and Avalara, with a move on data company KnowBe4. Vista Equity Partners to acquire KnowBe4 in $4.6bn deal (privateequitywire.co.uk)??
?? In another take-private, Thoma Bravo has agreed a $2.3bn all-cash deal for digital identity management firm ForgeRock. Thoma Bravo strikes $2.3bn deal to take ForgeRock private (privateequitywire.co.uk)?
?? One of the largest buyouts of the year has completed at $16bn. Nielsen, known for TV and streaming viewing data, has new owners led by Evergreen Coast and Brookfield Business Partners. PE consortium completes $16bn Nielsen acquisition (privateequitywire.co.uk)?
?? Francisco Partners has expanded its operating team, with an emphasis on experience – the four additions include three former CEOs. Francisco Partners adds key hires to senior operating team (privateequitywire.co.uk)?
?? Demand for Veritas’s latest flagship has well exceeded expectations. Veritas Capital Fund VIII closed on $10.7bn. It had targeted $8.5bn. Veritas Capital closes eighth flagship fund at $10.65bn (privateequitywire.co.uk)?
?? One of the first and largest hydrogen funds has been closed at €2bn, managed by an Ardian JV. Hy24 closes clean hydrogen infrastructure fund at €2 billion (privateequitywire.co.uk)
The week in numbers:
?? 11.9% – the annual rate of AuM growth across private capital asset classes is slowing to 11.9% between 2021 and 2027, from 14.9% between 2015 and 2021
?? 32% – proportion of PE industry participants that see ESG/impact as the top opportunity for emerging managers, according to a Private Equity Wire survey
?? $500m – value of Blackstone’s strategic investment in Resolution Life, part of wider plans for its life and annuity insurance business ?
?? 60m – number of employees served by Salary.com, the US-headquartered (but cloud-based) compensation specialist bought by Accel-KKR from HIG?
Latest Private Equity Wire research:
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Coming soon from Private Equity Wire:
Our next Insight Report in November will look at how a traffic jam in the bank syndication market is stalling LBOs and opening the door for debt funds.