Private Equity Wire Newsletter

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NEWSLETTER | 18 Dec 2019

Europe leads global M&A performance in 2019

In this week’s newsletter, we take a look at the latest Willis Towers Watson’s Quarterly Deal Performance Monitor (QDPM), run in partnership with Cass Business School, which reveals that Europe is the only region worldwide to have recorded positive M&A performance in 2019. The continent’s dealmakers marginally outperformed their regional index by +0.6pp (percentage points) over the last 12 months.

On other research out this week, provisional full-year data from the CMBOR at Imperial College Business School, sponsored by Equistone Partners Europe and Investec Corporate and Investment Banking, reveals that Europe’s private equity industry has shifted into buying mode, deploying large pools of capital while delaying exits.

And speaking of deals, we have news of Montagu Private Equity’s acquisition of Jane’s, and the acquisition of cybersecurity specialist Coalface by funds advised by Apax Partners.

And on the funds front, there’s details of the closing of the latest offerings from CapStreet Group and Omega Funds at USD500 million and USD438 million, respectively…

And don't forget to make your nominations for the Private Equity Wire European Awards 2020 by completing our online survey…

Private Equity Wire

Wed | 18 Dec 2019, 12:34

Europe’s private equity industry has shifted into buying mode, deploying large pools of capital while delaying exits, according to provisional full-year data from the CMBOR at Imperial College Business School, sponsored by Equistone Partners Europe and Investec Corporate and Investment Banking.

Wed | 18 Dec 2019, 12:34

Barings has served as mandated lead arranger and sole provider of a senior secured credit facility to support Montagu Private Equity (Montagu) in its acquisition of Jane’s from IHS Markit.

Wed | 18 Dec 2019, 12:34

Funds advised by Apax Partners are to acquire Coalfire, a provider of cybersecurity advisory and assessment services, from The Carlyle Group (NASDAQ: CG) and The Chertoff Group. Financial terms of the transaction, which is expected to be completed in early 2020, subject to regulatory approval, have not been disclosed.

CapStreet Group closes USD500m Fund V

Wed | 18 Dec 2019, 12:34

The CapStreet Group (CapStreet), a Houston, Texas based private equity firm that invests in privately held, lower middle-market companies, has held the final closing of CapStreet V, at its hard cap, with total commitments of USD500 million.

Omega Funds raises USD438m in sixth fund to invest in the future of medicine

Wed | 18 Dec 2019, 12:34

Omega Funds, an international investment firm focused on delivering impactful medicines to patients, has closed Omega Fund VI with USD438 million in capital commitments.