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OEP details natural gas deal; LLCP buys in-home care services provider; Women in PE nominations open

Good morning dealmakers, it’s Obey Martin Manayiti with the US edition of the Wire from the New York newsroom.

President Trump took office yesterday and investors are following events to see how the new dawn will impact dealmaking. One area could be in the oil and gas sector. Declaring an ‘energy emergency,’ Trump issued an executive order lifting some restrictions on oil and gas drilling.

Gas is one of the topics in our opening article of the newsletter, as we look at an energy deal from One Equity Partners. PE Hub spoke with a partner at OEP following the firm’s acquisition of EthosEnergy, a company whose services include the maintenance and operation of rotating equipment for gas power plants.

Next, we have the news this morning that Levine Leichtman Capital Partners has acquired a US-based provider of in-home care services. We have details about the seller, and what LLCP managing director said about the target.

Finally, the nominations are open for Buyouts’ and PE Hub’s annual Women in Private Equity feature. We have the details below on how we consider entrants to be pushing the boundaries in PE.

Power up

OEP recently acquired Houston-headquartered EthosEnergy from strategics John Wood Group and Siemens. Ante Kusurin, a partner at OEP, discussed the deal with Michael Schoeck.

Premium subscribers have access to the whole story.

Home-based care

Levine Leichtman Capital Partners has acquired Synergy HomeCare Franchising, a US-based provider of in-home care services from NexPhase Capital.

Founded in 1999, Synergy is headquartered in Tempe, Arizona.

Upgrade to the premium version of the Wire to learn more.

My colleague John R Fischerrecentlylooked at factors drawing investments in this market.

Call for nominations

Buyouts and PE Hub are pleased to fire up the nominations process for our annual Women in Private Equity feature, which will run in Buyouts’ April issue and on the Buyouts and PE Hub websites.

Premium subscribers get all the details.

That’s it for me today. As always, I’d love to hear from you at obey.m@pei.group.

Craig McGlashan will bring you tomorrow’s Europe Wire, while Rafael Canton will bring you the US edition.

Obey

Read the full Wire commentary on PE Hub ...

Also of note (may require subscriptions)

Ardian has changed little about its private equity secondaries investment strategy, despite raising the market’s largest program last week, a watershed moment for both the secondaries and private equity markets. Secondaries Investor offers five things to know about Ardian’s $30 billion fundraise.

In the latest episode of The Infrastructure Investor Podcast, senior editor Bruno Alves, deputy editor Kalliope Gourntis and Americas editor Zak Bentley take a deep dive into the infrastructure fundraising market.

The secondaries market will remain a key mechanism for investors looking to adapt to the ongoing macroeconomic and geopolitical challenges, according to Coller Capital’s founder and chief investment officer Jeremy Coller.

Deals

They said it

“Electricity demand was flat for 15 years, but two years ago we saw an increase due to EVs, electric heating, onshoring manufacturing activities and AI and data center rollouts.”

— Ante Kusurin, a partner at One Equity Partners in an interview with PE Hub.

Today's letter was prepared by Obey Martin Manayiti

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