Morning all, Craig McGlashan here with the Europe Wire from the London newsroom.
Support for breaking into the US market is often one of the reasons that European businesses bring in private equity backing, and we’ve got an example of one such deal this morning.
Main Capital-backedfreight railway software vendor RailCube has just made a push in North America with its first add-on since the private equity firm invested in 2023.
Next, we have Queen’s Park Equity becoming the latest private equity firm to look to consolidate the UK and EU dental laboratory industry by backing a management buyout.
Switching to people news, Investcorp has announced a new global head of private equity.
Finally, we’ve got some people news of our own, with a promotion on the London-based PE Hub team.
Safety first
Main Capital-backedfreight railwaysoftware vendor RailCube has acquired Spark TS, a compliance, safety, and drug and alcohol testing software and services provider.
Find out more in the premium version of the Wire.
Open wide
Queen’s Park Equity has become the latest private equity firm to make a play to consolidate the fragmented UK and EU dental laboratory sector by backing the management buyout of MediMatch.
Read more about the deal and other private equity firms looking to consolidate this industry in the premium version of the Wire.
Comeback
Investcorp has announced that Daniel Lopez-Cruz will be rejoining the firm as global head of private equity.
Promotion
Speaking of people news and in case you missed the announcement in yesterday’s US Wire, Nina Lindholm has been promoted to senior reporter of PE Hub.
Over the last year, Nina has assumed new and more challenging responsibilities, including taking a lead role on premium newsletters, managing projects, editing articles, training reporters and deputizing for me. Nina’s responsibilities have expanded in tandem with the growth of PE Hub and the reporting team that supports our global mission.
Nina, who is based in Cardiff, joined PE Hub as a reporter in 2022 and has been instrumental in our coverage of European dealmaking. She’ll continue to report to me.
Please join me in congratulating Nina at nina.l@pei.group
OK, that’s a wrap for me. I’m off to Cannes later today for the IPEM conference. If you want to have a quick chat at the event, drop me a note at craig.m@pei.group
Obey Martin Manayiti will bring you the US Wire later today, while our new senior reporter Nina will fill in for me in Europe tomorrow.
Cheers,
Craig
Read the full Wire commentary on PE Hub ...
