| View this email online The Wire Dec. 7, 2021 Permira agrees to take-private of Mimecast at $5.8bn valuation, Astara promotes Tannenbaum to partner Morning! Email: Permira agreed to a take-private of email security company Mimecast at an equity valuation of about $5.8 billion. The firm will buy all outstanding ordinary shares of Mimecast at $80 per share. The transaction includes a 30-day “go shop” period expiring Jan. 6. Promote: Astara Capital promoted Lindsey Tannenbaum to partner. Tannenbaum joined Astara from Brightstar Capital in May, according to her LinkedIn profile. Have a great rest of the day! Hit me up with tips n’ gossip, feedback or just to share thoughts at cwitkowsky@buyoutsinsider.com or over on LinkedIn. Read the full wire commentary on PE Hub... Also of note (may require subscriptions) Buyout firm "Thoma Bravo's rise from a niche investor with barely a few billion dollars in assets a decade ago has bucked most industry conventions." (Financial Times)
The FT's Helen Thomas has an op-ed arguing that the "push to get UK pensions money into private equity is flawed." "Greycroft is raising a pair of funds, including its first-ever pool that could total $1 billion, according to people familiar with the situation." (WSJ Pro)
"MTIP, a Swiss healthtech investor, raises $250 million for its second fund [...] much larger than its debut vehicle, a $65 million 'proof of concept' pool raised in 2016." (WSJ Pro) PE Deals They said it “I knew the world is not short of capital. But [it’s short] of good companies.” — Michael Ranson, Astara founder, talks to PE Hub in February about the founding of the firm. Today's letter was prepared by Chris Witkowsky Subscribe now to get full, unlimited access to all PE Hub content, including every PE Hub Wire article. FIND OUT MORE Please visit Buyouts for the latest insight into LP activity and Venture Capital Journal for comprehensive coverage and analysis of what’s happening in VC. London | New York | Hong Kong PEI Media Group Ltd is registered in England no.6135779 Registered office: 7th Floor, 100 Wood Street, EC2V 7AN To update your PE Hub email preferences, or to unsubscribe, click here. | 