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1 month ago | 
ionanalytics.com | Tom Cane |Carlos Martinez
OEP invests alongside mid-market owners, leverages M&A to transform companiesSponsor sees opportunities across all three core sectorsAchieved six full exits since start of 2024, including first full exit from Fund VIIIOne Equity Partners (OEP) spun out of JPMorgan in 2015. Ten years on, the New York-based firm – initially established as the in-house PE arm of Bank One in 2001 – is broadly following the same tried and tested playbook, focusing on three core sectors on both sides of the Atlantic.
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1 month ago | 
ionanalytics.com | Sam Weisberg |Tom Cane |Carlos Martinez
Deal could be announced by end of MarchLanter’s 2024 EBITDA was north of USD 100mAudax Private Equity is closing in on a deal to acquire Lanter Delivery Systems, an Equity Group Investments(EGI)-backed overnight delivery services provider, said three sources familiar with the situation. A deal could be announced by the end of March, one of the sources said. Lanter’s 2024 EBITDA was north of USD 100m, according to the same source. EGI invested in Lanter in 2019.
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2 months ago | 
ionanalytics.com | Tom Cane |Carlos Martinez
News (Intelligence) Presidio invested in the Italian football club via its third fundSponsor first expressed interest in summer 2023, talks resumed last yearLong-term vision includes new stadium, expansion of global fan basePresidio Investors’ acquisition of the Italian football club Hellas Verona was the culmination of a multi-year hunt for a sports asset.
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2 months ago | 
ionanalytics.com | Tom Cane |Carlos Martinez
News (Intelligence) Fund VIII is just over 60% deployed, sponsor sees ample opportunities across servicesValue creation strategy draws on technology transformation, scale through M&ARealizations continue apace, but Octus exit unlikely this yearPrivate equity sponsors are competing aggressively to acquire professional services firms, in a race to digitize the industry and build platforms of scale.
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2 months ago | 
ionanalytics.com | Tom Cane |Carlos Martinez
News (Intelligence) Fund IV is 30%-40% deployedFirm invests USD 25m-USD 250m in companies with USD 10m-USD 100m ARRA pull-back in capital availability since the market peak of 2021 is creating opportunities for sponsors focused on fast-growing technology companies that need support to get to the next level.
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Nov 25, 2024 | 
ionanalytics.com | Tom Cane |Carlos Martinez
News (Intelligence) Fund II 65% deployed; Fund III expected to launch in 2026Typical targets are tech or tech-enabled companies with EV of USD 100m-USD 750Two realizations from Fund I to date through a recapitalization, continuation vehicleIn a world in geopolitical flux, marked by escalating tensions with China, the US government is spending heavily on hardware and software that can shield the country from potential threats.
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Nov 19, 2024 | 
ionanalytics.com | Tom Cane |Carlos Martinez
News (Intelligence) In the second half of 2020, as COVID-19 lockdowns eased, pent-up demand for M&A and a flood of cheap debt fueled a surge of private equity buyouts. The quantum of capital put to work surpassed even the deal rush preceding the 2008 global financial crisis. In 2021, North America buyout volume reached a record USD 521bn, a 116% year-on-year rise. It was one-fifth more than the previous all-time high notched in 2007, according to Mergermarket data.
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Oct 29, 2024 | 
ionanalytics.com | Tom Cane |Carlos Martinez
The process that ultimately saw KKR [NYSE:KKR] exit industrial services business Geostablization International (GSI) to Leonard Green & Partners (LGP) last month was never likely to be a broad auction. The sponsor knew the asset would resonate with its peer group, and it had received inbound inquiries from strategic suitors before it started to contemplate a sale.
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Oct 22, 2024 | 
ionanalytics.com | Tom Cane |Carlos Martinez
KKR [NYSE:KKR] has been investing in North America’s middle market for over a decade via its flagship buyout funds. The sponsor’s Ascendant fund, which closed on USD 4.6bn last month, signals an evolution of this strategy as its first vehicle to focus exclusively on mid-market opportunities. Successful middle market deals, such as Geostablization International (GSI), which KKR exited last month with a 5x return following a nearly six-year hold, helped forge a path for a dedicated strategy.
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Jul 26, 2024 | 
ionanalytics.com | Tom Cane |Carlos Martinez
Strategy focuses on GP-led deals for buyout, growth funds in North America, EuropeConcentration is a key principle, with preference for underwriting single-asset CVsManulife expects to return to market in early 2025Secondaries market veterans Paul Sanabria and Jeff Hammer moved to Manulife in late 2019 with a clear vision: to build a team that would focus exclusively on GP-led secondaries.
