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Stonepeak backs private schools; 40 under 40; L Catterton scores with Kodiak Cakes

Good morning, Hubsters. MK Flynn here with the Wire.

Let’s start with a deal that regards education is an essential piece of infrastructure. I couldn’t agree more.

Private education. Stonepeak, a New York-based alternative investment firm specializing in infrastructure and real assets, is investing €1 billion ($1.06 billion) in London-based Inspired Education Group.

Founded in 2013 by Nadim M Nsouli, Inspired is a co-educational, non-denominational, international provider of private schools. The company currently educates more than 55,000 students from kindergarten to year 13 across a global group of over 70 premium schools in 20 countries on five continents.

Rising stars. Thirteen dealmakers are among those identified in Private Equity International’s 40 under 40: Future Leaders of Private Equity, class of 2022. Published earlier today, the annual list celebrates emerging talent in the asset class, highlighting individuals set to play a leading role in the market in the years ahead.

Among those recognized is Christine Wang, 35, who made partner at Francisco Partners in January.

Read about all the dealmakers honored here.  And read the full coverage here. 

Agribusiness. Also earlier today, our affiliated pub Agri Investor announced its inaugural Annual Awards. The awards recognize the managers, investors and innovators who pushed the boundaries in agriculture and had an excellent year in their respective fields across the Americas, Europe and Asia-Pacific.

Agribusiness Deal of the Year went to L Catterton’s May 2021 acquisition of Kodiak Cakes, a Park City, Utah-based brand focused on healthy and sustainable offerings. The deal, “reflected the durability of private equity interest in efforts to meet growing demand for healthy food,” said Agri Investor.

For full coverage of the awards, click here.

That’s all for today. Chris Witkowsky will write tomorrow’s newsletter, so I’ll “see” you on Thursday.

Cheers,

MK

Read the full wire commentary on PE Hub ...

Also of note (may require subscriptions)

Welsh Carson Anderson & Stowe, a longtime investor in healthcare and technology sectors, collected an initial $4 billion-plus for a 14th flagship buyout offering. (Buyouts)

Proposed SEC regulations that would prohibit the practice of fund managers seeking indemnification from LPs for certain claims have drawn the focus of insurers who provide coverage for the private equity industry. (Buyouts)

While more established parts of the private sphere, such as private equity, have seen the development of a reliable and stable secondary market, credit secondaries remain a small part of the overall debt market. As the primary market continues to mature and grow, however, credit secondaries could start to catch up in the coming years. (Private Debt Investor)