Hello, dealmakers. Rafael Canton stepping in for Michael Schoeck for this Thursday edition of the PE Hub Wire. First, we have a couple of news items from this morning including SK Capital-backed Apotex acquiring Searchlight Pharma and Pophouse buying the catalogue of rock band KISS. Next, we have a chat with James Andersen, managing partner and co-founder at Clearview Capital, about dealmaking and what the firm has been up to. Then we have a deep dive into the role antitrust investigations have played in private equity and the complications they’ve caused. Finally, we look at Vesey Capital’s Small Market Deal of the Year winner, selling Quality Metric Group to IQVIA. SK in the news Private investment firm SK Capital’s portfolio company Apotex has agreed to acquire Searchlight Pharma. Upgrade to learn more about the deal. Sealed with KISS Global entertainment and music investment firm Pophouse – founded by ABBA’s Björn Ulvaeus and EQT founder Conni Jonsson in 2014 – announced that it is acquiring the music catalogue, brand name and the likeness of US band KISS. See the premium version of the Wire to read about the deal. In a cycle PE Hub convened in our New York office to chat with James Andersen, managing partner and co-founder at Clearview Capital, about the firm’s recent deals and what he’s seeing in dealmaking. Upgrade to the premium version of the Wire to read more about Andersen’s thoughts on PE. Understanding Washington’s antitrust crusade Private equity already faces economic challenges such as inflation and rising interest rates, which have led to a slowdown in dealmaking. Another looming challenge is antitrust, writes Bill Myers, Washington correspondent at PE Hub affiliate title Private Funds CFO. Upgrade to learn more about the antitrust crusade in PE. Vesey Street goes with quality over quantity Earlier this week, we revealed our Deals of the Year in various categories alongside our affiliate publication Buyouts. I wanted to take a look back at the Small Market Deal of the Year, which PE Hub’s Michael Schoeck covered. Vesey Street Capital Partners acquired Quality Metric in 2020 from United Healthcare Group. Quality Metric was a part of United’s Optum division. To learn more about how Vesey grew Quality Metric, subscribe to the paid edition of the Wire. That’s it from me today. If you have any thoughts, questions, want to chat, please email me at rafael.c@pei.group.Obey Martin Manayiti is next in line with tomorrow’s Wire. Cheers, Rafael Read the full wire commentary on PE Hub ... |