Morning all, Craig McGlashan here with the Europe Wire from the London newsroom.
The mid-market is our focus this morning, as we speak to Astorg’s Lionel de Posson and Edouard Pillot about what drove them to launch a mid-cap strategy a few years ago.
That also gives us the opportunity to round up some of our other recent mid-cap coverage.
Back to the mid-cap
The mid-market has been almost immune to some of the factors dampening large-cap dealflow, something that is attracting more and more interest from LPs, as our colleagues over on Buyouts wrote last week.
That means that a risk that Lionel de Posson and Edouard Pillot took a few years ago when they decided to return to their mid-cap roots and launch a new strategy at Astorg is starting to pay off, the pair tell me in the latest of our Dealmakers to Watch series.
Find out what brought the pair back to the mid-market in the premium version of the Wire.
Editor’s note: PE Hub has launched a new series of profiles called Dealmakers to Watch. We’re featuring private equity professionals as they pivot to new challenges, such as moving to a new firm, launching a new firm, getting promoted to partner, launching an investment strategy, closing a significant deal or some other new endeavor.
Interested in being interviewed for the series or would like to put someone forward? Get in touch with me at craig.m@pei.group
Busy mid-cap
Astorg’s view chimes with that of the Riverside Company, whose Jeremy Holland and Ali Al Alaf visited our London newsroom last month.
Find out more in the premium version of the Wire.
Meanwhile, recent mid-cap deals we’ve looked at in depth include Irien Joseph’s deep dive into Argos Wityu’s sale of Italian safety services company Fulgard.
OK that’s a wrap. MK Flynn will bring you the US Wire later today and Nina Lindholm will be on Europe duty tomorrow.
Cheers,
Craig
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