Morning Hubsters!
This is Chris, on for Wire Wednesday.
How are things looking? Fundraising remains challenging, but we’re picking up a lot of chatter around deals. And GPs are in conversations about various paths to liquidity, to try and deliver proceeds back to increasingly capital-starved LPs.
For more analysis on the topic, subscribe to the premium version of the Wire.
Health tech PE Hub Europe spoke with private equity professionals about health tech valuations, growth drivers and what sub-sectors are attracting attention. The need for digitization and cost efficiency is driving growth, as well as “the aging population and rising healthcare demand,” according to Anders Petersson, managing partner, healthcare sector lead at IK Partners.
Mid-market
I’ve noticed several mid-market GP-led continuation fund deals reaching final close recently. One of those was Centre Partners, which closed a deal that moved two assets – IMA Group and Sun Orchard – into a continuation fund for more time and capital to grow the businesses. Read more here on Buyouts.
Integration As UBS works on integrating various Credit Suisse platforms as part of its rescue acquisition, the bank must sort through a load of fundraising mandates led by Credit Suisse’s large private fund group. The resolution of what happens with those fundraising mandates could prove complicated, several GP and placement agent sources told Buyouts. Read more here for the details. That’s it for me! Have a great rest of the day. Hit me up with tips n’ gossip, feedback or book recommendations at cwitkowsky@buyoutsinsider.com or find me on LinkedIn. Read the full wire commentary on PE Hub ... | 