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The Wire Nov. 25, 2020
Time to honor your great buyouts, Bain Capital Credit and Pacific Lake back OneShield, Thoma Bravo-backed ConnectWise buys StratoZen Good morning!
Just a reminder the Wire will take a break Thursday and Friday for the holiday. We'll be back Monday Nov. 30. Have a great one! (Here we go Steelers, here we go).
It's cold out (sort of), the election is over (kind of) and M&A activity is off the charts; we must be closing in the end of the year. And you know what that means ... for the 21st time, the editors of PE Hub and Buyouts honor exceptional buyouts with our Deal of the Year Awards.
Winners are chosen in seven categories: Deal of the Year, Large-Market Deal of the Year, Middle-Market Deal of the Year, Small-Market Deal of the Year, Turnaround of the Year, International Deal of the Year, and Secondaries Deal of the Year.
Go here for more information and to read about rules and methodology. Also check out past winners. Last year, New Mountain took the crown with its exit of Equian.
If you have additional questions, email Private Equity Editor Chris Witkowsky at cwitkowsky@buyoutsinsider.com.
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Also of note (may require subscriptions) Big Money: Private credit managers are expected to provide more than $100 billion of new financing this year, some of which will flow to companies battered by the pandemic shutdown, according to research by the Alternative Credit Council and law firm Allen & Overy, Pensions & Investments writes.
Newbies to the front: First-time funds are outperforming firms with top-performing track records, according to fresh research, Bloomberg reports.
PE Deals
They said it “A lot of investors say we need to have a track record before we can invest, but if you invested in first-time funds across the board you did pretty well.”
Tim Jenkinson, a finance professor at the University of Oxford’s Said Business School, talks to Bloomberg about first-time funds outperforming established managers.
Today's letter was prepared by Chris Witkowsky. Subscribe now to get full, unlimited access to all PE Hub content, including every PE Hub Wire article. FIND OUT MOREPlease visit Buyouts for the latest insight into LP activity and Venture Capital Journal for comprehensive coverage and analysis of what’s happening in VC.
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