Morning Hubs!
This is Chris, on for Wire Wednesday.
Exit We love these! Bregal Milestone is announcing this morning the sale of its Fund I portfolio company Epassi Group which provides mobile payment services, to TA Associates and Warburg Pincus. The exit will generate a more than 5x multiple, the firm said in a statement. Subscribers to PE Hub can read more here.
Renewables The desire to find alternatives to landfills, coupled with growing opportunities to turn waste into renewable natural gas (RNG), drove Goldman Sachs Asset Management to invest in Synthica Energy earlier this week, Cedric Lucas, managing director in GSAM’s infrastructure business, told reporter Obey Martin Manayiti in an interview. Subscribe to PE Hub to read the interview.
Incoming Rumors abound that the SEC may soon finalize rules that could, if codified as originally proposed, fundamentally change how private equity operates, as I wrote last year. I’m hearing the rules could be finalized in the next few weeks, even as early as next week. Yet, sources are all over the place about whether the rules will change significantly from their original form, or if the SEC will move ahead with minimal alteration despite extensive comments against the rules as they were introduced. Subscribe to the premium version of the Wire for more on this.
That’s it for me! Have a great rest of your Wednesday. Hit me up with tips n’ gossip, feedback or The Drama at cwitkowsky@pei.group or find me on LinkedIn. Read the full wire commentary on PE Hub ... | 