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US private equity M&A value drops 35%, finds LSEG; Parabellum, BharCap and Bonaccord sign deals

Good morning Hubsters, Craig McGlashan here with the Tuesday Wire.

We’re opening with a data deep dive, as MK Flynntalks to LSEG’s Matt Toole about the dealmaking numbers for the first three quarters.

Spoiler alert – they’re not great, but they do reveal the top three sectors of the year so far are tech, financials and healthcare, which straddle the deals we’re going to look at this morning.

First, we have a portfolio company of Parabellum Investments acquiring a digital banking software business, then we switch to pure finance as BharCap Partners buys a company in the insurance sector before we round out the deals with Bonaccord Capital Partners making a minority investment in a healthcare-focused private equity firm.

Slowdown

On both PE Hub and PE Hub Europe we’ve felt a slowdown in deals this year and now we’ve got some firm numbers.

MK Flynnspoke to Matt Toole, director of deals intelligence at LSEG, about the data.

Upgrade to the premium version of the Wire to see a regional breakdown from Toole.

Atlantic linkup

We’re going to start with a deal that has both a US and European element and straddles tech and finance.

ieDigital, a portfolio company of Parabellum Investments, has acquired a digital banking software business.

Want more on this deal? See the premium version of the Wire.

Insurance

Sticking with finance, and BharCap Partners has acquired an insurance and commercial B2B receivable management firm based in Itasca, Illinois.

Like fintech, the insurance sector has been one of the better performers in the dealmaker stakes this year. Obey Martin Manayitiprovided a look at some of the deals in this listicle from August.

In good health

Of course, if there’s any sector that’s downturn-proof, it’s got to be healthcare. We’ve got a new deal to report on that front this morning too.

Bonaccord Capital Partners has made a minority investmentina Denver-based healthcare-focused private equity firm.

OK that’s it from me today – Chris Witkowsky will be with you tomorrow.

Cheers,

Craig

Read the full Wire commentary on PE Hub ...

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