Carlyle’s Schwartz: ‘Markets like certain ty;’ plus Camino Real said to collect bids

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Carlyle’s Schwartz: ‘Markets like certainty;’ plus Camino Real said to collect bids

Happy Friday, Hubsters! Rafael Canton here filling in for John R Fischer with the US edition of the Wire from the New York newsroom. This will be my last Friday writing the Wire, as John will return next week. You can catch me on Wednesdays, as always.

First, after the election results, Carlyle Group’s CEO Harvey Schwartz said the US presidential election has removed a major source of unpredictability in the market.

Next, we have a scoop in the consumer sector. Nissin Foods is expected to collect first round bids for Camino Real Foods in mid-November, three sources briefed on the matter told PE Hub.

Finally, we have a look at PE-backed deals involving franchises. I rounded up seven private equity-backed deals involving franchises over the past six months. Firms making deals in the segment include Beach Point Capital Partners, ICV Partners and Rainier Partners.

Markets like certainty

After the election, there’s been conversation about what impact the results will have on the markets. Carlyle Group says the election results have caused widespread relief across the market and will likely drive improved performance in the fourth quarter and beyond, writes Helen de Beer.

PE Hub editor-in-chief MK Flynn reported earlier this week that private equity dealmakers expect a tax and regulatory environment more conducive to investments and deals under the new GOP-led administration according to several sources.

Premium subscribers can read thoughts from Carlyle’s CEO Harvey Schwartz and other dealmakers.

Burritos for sale

Next, we have a scoop from yesterday from PE Hub senior reporter Michael Schoeck and I. Nissin Foods Holdings is expected to collect first round bids for Los Angeles-based Mexican food producer Camino Real Foods in mid-November, three sources briefed on the matter told PE Hub.

Premium subscribers can read more about what valuation Camino Real can command.

Lots of white space

Let’s stick with the consumer sector. There’s been a healthy number of franchising deals in private equity over the past six months. I compiled seven deals in the segment into one story.

Subscribe to the premium version to learn what deals are happening in franchising and if the trend will continue.

That’s it from me today. If you have any questions, or want to chat, please email me at rafael.c@pei.group

Have a nice weekend. Craig McGlashan will have the Europe edition of the Wire on Monday, and MK Flynn will bring you the US edition.

Cheers,

Rafael

Read the full Wire commentary on PE Hub ...

Also of note (may require subscriptions)

LP enthusiasm for US mid-market buyouts on the rise. One measure of this sentiment is seen in the recent close of KKR’s debut mid-market product, Ascendant Fund, at an oversubscribed $4.6bn, despite rocky fundraising conditions. (Buyouts)

The hunt for fund finance talent. There are concerns that a lack of expertise could curtail the growth of the fund finance market. (Private Equity International)

Getting personal with Defy.vc’s Medha Agarwal. The general partner at Defy.vc talks about the investment space she is most excited about, the most unusual thing in her home and more. (Venture Capital Journal)

BC Partners Credit to acquire Runway Growth. Agreement, expected to close by end of 2024, gives BP Partners benefit of Runway’s expertise in 'growth lending'. (Private Debt Investor)

They said it

“Over the medium to long term, this should be a further catalyst for IPOs, M&A and key sectors we invest in.”

— Harvey Schwartz, CEO at Carlyle Group on the election cycle removing unpredictability from the market