Morning all, Craig McGlashan bringing you the Europe Wire from the London newsroom.
Private equity is eyeing up hospitality tech, not only because the market is underpenetrated but also because it believes it can use the latest developments in AI to introduce more sophisticated pricing models in areas like hotel rooms and ticketing, sources tell me this morning.
Of course, the hottest tickets in town this week are for PEI Group’s NEXUS 2025 Summit in Orlando, which enters its final day today.
If you want to meet PE Hub Editor-in-Chief MK Flynn (mk.flynn@pei.group) and reporter Rafael Canton (rafael.c@pei.group) in Orlando, make sure to drop them a note. You can also see our latest coverage from the event here.
Next, we look at Astorg making a couple of add-ons for Lebronze Alloys (LBA) as demand for high-performance metal alloys grows ever greater.
Pricing push
The hospitality sector has typically been more used to chopping boards than cutting-edge tech. But private equity firms are finding tech companies that are not only bringing the industry up to speed, but utilizing the very latest in technology – and many see even more opportunities ahead.
Read the premium edition of the Wire to find out where private equity believes tech can make a difference in hospitality and why there are particular opportunities in continental Europe.
Metal merger
Astorg has made a pair of acquisitions for Lebronze Alloys (LBA), a move in keeping with the growth plan it outlined to PE Hub in November after announcing it was buying the specialty copper and nickel alloy manufacturer.
Premium subscribers can get the details on the two companies as well as Astorg's other plans for LBA.
OK that’s it from me today. Rafael Canton will bring you all the latest from NEXUS 2025 in the US edition later today and Nina Lindholm will write to you from Europe tomorrow.
Cheers,
Craig
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