Europe edition, free version

View this email online 

 
 

The Wire

Private equity deal news and insights from the London newsroom

Dec 6, 2024

 

Private equity sees resurgence in cybersecurity M&A; Main-backed Omnidocs in fourth add-on deal

Hello Hubsters,

 

It’s Irien Joseph bringing you the Europe edition of the Wire from the London newsroom.

 

Cybersecurity is back in the spotlight with private equity investors returning to the sector after reduced activity levels in 2023, according to Houlihan Lokey’s Mark Smith.

 

Next, I highlight Hogan Lovells’ take on what UK M&A activity might look like in 2025, including the catalysts expected to fuel demand.   

 

Lastly, we have a fresh deal to report in the enterprise information management software sector as Main Capital-backed Omnidocs has acquired a UK-based document productivity tools provider. 

 

Resilient market

Private equity has seen a resurgence in M&A activity in cybersecurity in 2024 fueled by heightened market confidence, record levels of dry powder and the perception of cybersecurity as a high-growth and resilient market, Mark Smith, a director in Houlihan Lokey’s technology group, told PE Hub.

 

Read the premium version of the Wire to find out Houlihan’s outlook for the sector and the deals we covered.  

 

M&A catalysts

With interest rates trending downwards and a government desperate to grow the economy, John Connell, partner and head of Hogan Lovells’ London M&A practice, told PE Hub that he expects 2025 to be a good year for M&A and investment in the UK.   

 

Check out the premium version of the Wire to find out Hogan's UK M&A outlook and the sectors to look out for.

 

Going digital

We've got a fresh deal involving a company that serves the finance industry.

 

Main Capital Partners portfolio company Omnidocs has expanded its reach by acquiring a majority stake in Presentation Solutions, a London-based document productivity tools provider.

 

That’s it from me. John R. Fisher will be with you in the New York morning with the US edition and Nina Lindholm will be on European Wire duty next week in London as Craig McGlashan goes on a well-deserved break.

 

Warmly,

 

Irien

 

Read the full Wire commentary on PE Hub ...

Today's must reads

> Automated software testing is gaining share, prompting GTCR's interest: Nelson Iginla More...
> Partners Group to build 'local clusters of scale' with Bluesea Hotels M&A More...
> NFL ownership, college athlete NIL, women's soccer drove PE sports deals in 2024 More...
> Why VSS sold minority stake to Pinnacle after turning down other suitors More...
> Quilvest's Alexis Meffre: Mid-market should enjoy favorable conditions in 2025 More...

Also of note (may require subscriptions)

 

How Japan’s giant public pension is turning to impact investing: A step taken by Japan's Ministry of Health, Labour and Welfare was described by one veteran impact investor as 'moving mountains'. (Private Equity International)

 

Novacap sets $2.75bn target for latest flagship tech fund: Along with targeting a larger fund size, Novacap aims to wrap up the new flagship in a single closing in the first quarter of next year, according to pension documents. (Buyouts)

 

Northvolt’s bankruptcy offers a stern reminder to sustainability-minded investors: The troubles experienced by Europe's best-funded start-up show that investing in the energy transition is not as easy as it looks. (New Private Markets)

 

Trump’s SEC pick has ties to tokenized private funds company: Securitize co-founder and president says the company is 'ecstatic' about the nomination. (Private Funds CFO)

 

Campbell Global acquires 40,000-acre timberland asset: The Washington-based forestry asset will be managed for both carbon capture and timber production. (Agri Investor)

Deals

> Main Capital-backed Omnidocs buys stake in Presentation Solutions More...
> Tenex Capital-backed Rose Paving and Harbor Beach-backed Atlantic Southern Paving merge More...
> Wynnchurch Capital sells majority interest in Gyptech More...
> Vector Capital to acquire sales software provider Bigtincan More...
> Warburg Pincus-backed Service Express buys Mid-Range More...
> Trinity Hunt-backed Supreme Group acquires healthcare PR and marketing agency Amendola Communications More...
People
> O2 Investment Partners-backed Stronghouse Solutions appoints Colmone as CFO More...
> KKR names Andrew Williams as executive advisor More...
> HOOPP appoints former OMERS executive Wallace as CEO More...

They said it

“One major trend is the continued move toward ‘phantomization’, leading to vendor consolidation as organizations seek security outcomes rather than just security products.”

— Mark Smith, a director in Houlihan Lokey’s technology group, on the cybersecurity sector

 

Today's letter was prepared by Irien Joseph

Subscribe now to get full, unlimited access to all PE Hub content, including every PE Hub Wire article.

FIND OUT MORE
 

London | New York | Hong Kong | Tokyo | Sydney

PEI Group Ltd is registered in England no.6135779

Registered office: 5th Floor, 100 Wood Street, EC2V 7AN

LinkedInTwitter
 

To update your PE Hub email preferences, or to unsubscribe, click here.