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Nordic Capital taps into bank regulation trend with ActiveViam; Harris Williams looks at third party manufacturers

Happy Hump Day, dealmakers! Rafael Canton here this Wednesday filling in for Chris Witkowsky, who is attending PEI’s NEXUS conference starting today in Orlando. I don’t know about you but I’m looking forward to hearing what is discussed at the conference in the coming days.

This Wednesday, we have an in-depth look at Nordic Capital’s acquisition of ActiveViam from PE Hub’s Obey Martin Manayiti.

We also have a dive into a consumer report from Harris Williams about why private equity is interested in third-party manufacturers.

Finally, we have a couple of add-on deals to look at from late yesterday, one from One Equity and one from Artemis.

Betting on risk

Silicon Valley Bank, Signature Bank and First Republic Bank headlined a chorus of banks that failed in 2023, a series of events that led to a focus on increased regulatory compliance. That’s at the heart of Nordic Capital’s acquisition of ActiveViam, a risk analytics and regulatory compliance software provider.

PE Hub’s Obey Martin Manayiti has the story on Nordic Capital’s February acquisition.

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Manufacturing premium foods to scale

An increase in consumer demand for premium and fresh foods is causing grocery retailers to launch private label brands as a growth opportunity says a report from Richmond, Virginia-based investment bank Harris Williams.

Upgrade to read the story.

Off the glass

One Equity partners-backed PGW Auto Glass acquired Autoglass CRM, a Charlotte, North Carolina-based provider of VIN decoding services and software for auto replacement glass installers.

Subscribers to the premium version of the Wire may read more about this news.

Looking to the stars

Artemis Capital Partners-backed McDanel Advanced Material Technologies announced it acquired San Diego-based Rayotek Scientific, a manufacturer of optical window and mirror systems for the aerospace, defense, space and semiconductor industries.

Subscribers to the premium version of the Wire may read more about this news.

That’s it from me today. If you have any thoughts, questions, want to chat, please email me at rafael.c@pei.group. Michael Schoeck will be back with the Wire tomorrow.

Cheers,

Rafael

Read the full wire commentary on PE Hub ...

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They said it

“Large US banks in particular face a short deadline until mid-2025 to implement regulation known as FRTB [Fundamental Review of the Trading Book], aiming for standardization of risk measures across credit, market and operational risk.”

— Emil Anderson, Partner at Nordic Capital