Good morning, Nina Lindholm here with the Europe Wire from the London newsroom.
European businesses expanding across the Atlantic is certainly not an uncommon growth story. However, sometimes you need an expert to get you there. This morning, we hear from a veteran of that field: Ben Meyer, partner and head of North America at Inflexion, the latest addition to our Dealmakers to Watch series. He walks us through how he approaches expanding a select group of portcos over to North America.
We then delve into some numbers with the help of Invest Europe’s latest Performance Benchmark Report. PE Hub had an early look, so I’ve picked some highlights for you.
To finish, we return to our opening topic of add-ons, but ones that don’t extend over continents. Battery Ventures-backed Forterro has agreed to acquire a Danish business intelligence and analytics software company.
Adding on
Inflexion’s initiative to expand portfolio companies to North America via add-on acquisitions is making “very meaningful” progress, despite only having launched fully four months ago, Ben Meyer, partner and head of North America, told me as part of our Dealmakers to Watch series.
Check out the full piece to learn details about the expansion plans and Meyer’s career up to this point.
You can also find out more in the full Wire coverage.
Superior returns
Planting our feet firmly in Europe again. European buyouts delivered a net IRR of 14.86 percent to the end of 2024, versus 6.21 percent for the MSCI Europe, representing an outperformance of 865 basis points, according to Invest Europe’s latest ‘The Performance of European Private Equity’ report. The figures span the five years since the report first launched.
For my highlights from the report, including IRR details, check out the premium Wire.
Analytics add-on
Let’s finish today with a fresh add-on deal. Battery Ventures-backed Forterro has entered a binding agreement to acquire Targit, an Aalborg, Denmark-based business intelligence (BI) and analytics software company.
Check out the premium Wire to find out what capabilities Targit adds to Forterro.
That’s all from me this morning. Michael Schoeck will be with you later today with the US edition, while Irien Joseph is on Europe duty tomorrow.
Cheers,
Nina
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