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The beauty of private equity; plus deals from Arlington Capital Partners and AUA

Happy New Year, Hubsters. MK Flynn here with the Wire.

“And now let us welcome the new year, full of things that have never been.” -Rainer Maria Rilke

Private equity dealmakers are indeed welcoming the new year, with most expressing optimism about 2024, especially toward the second half.

Our series of Q&As with private equity thought leaders continues today, featuring my interview with Fraser van Rensburg, co-founder and managing partner of Asante Capital Group.

A flurry of deal announcements this morning underscores the momentum.

Arlington Capital Partners just announced a new manufacturing platform.

And AUA bought a fourth-generation family-owned maker of snacks.

Upgrade to the premium version to learn all about those deals and more.

“The beauty of private equity…”

PE Hub’s ongoing series of Q&As with private equity thought leaders features a wide range of perspectives. Today, we hear from Fraser van Rensburg, co-founder and managing partner of Asante Capital Group, an advisory and private markets placement firm with offices in London, New York, Hong Kong and Munich.

Subscribers to the premium version of the Wire may read the interview.

For more of PE Hub’s ongoing series of Q&As with private equity thought leaders, see:

Hamilton Lane’s Hartley Rogers: Private equity will separate into winners and losers

Cambridge Associates’ Andrea Auerbach: Rate cuts in 2024 may break the transaction logjam and spur activity

EQT’s Alex Darden: Private capital has a huge role to play in the transition to net zero

Vista’s Patrick Severson: Promising enterprise software sectors in 2024 include cybersecurity, energy transition, healthcare IT

Penny for your thoughts?

Before I sign off, I want to draw your attention to some other content featured on PE Hub this week.

We’ve got a new auction date for any PE buyers that might be interested in bidding for bankrupt Rite Aid’s stores. Senior reporter Michael Schoeck has been following Rite Aid’s sales closely and will continue to bring you updates.

And, there’s a steady stream of promotions and new hires, as we usually see in January. To find those announcements covered by Iris Dorbian, go to the People page on PE Hub.

Finally, I’d love to hear from you. What are your hopes and dreams for 2024? Reach out to me at mk.flynn@pei.group

Obey Martin Manayiti will bring you tomorrow’s Wire, and I’ll be back with you on Monday.

Happy dealmaking until then,

MK

Read the full wire commentary on PE Hub ...

Also of note (may require subscriptions)

Searchlight’s Oliver Haarmann says ‘wall of debt’ refinancing to drive dealmaking. Public-to-privates will also be busy in 2024 thanks to moderate growth companies trading at discounts, says Haarmann. (PE Hub Europe)

What to expect from APAC private equity in 2024. GP stakes, healthcare and Middle Eastern investors will be front of mind for Asia-Pacific markets in 2024. (Private Equity International).

Data centres are a power play now: Generative AI is making data centres even more power hungry, putting the spotlight on their clean energy needs. (Infrastructure Investor)

Analysis: Need for workout specialists rises as maturity wall looms. The long cycle has meant a dearth of workout specialists as lenders and borrowers seek to modify loans. (Private Debt Investor)

Agenda 2024: Schroders to roll out human rights framework to private assets. Schroders Capital, which runs strategies in multiple asset classes, developed its global norms framework in 2023 to identify companies with poor human rights records, says head of sustainability and impact Maria Teresa Zappia. (New Private Markets)