6 deals unclogging the supply chain, plus 5 deals that will take you away

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6 deals unclogging the supply chain, plus 5 deals that will take you away

Good morning dealmakers, thank goodness it’s Friday.

It’s Obey Martin Manayiti here with the newsletter. To cap off the week, and welcome the spring season, I have got two interesting trends that caught our attention here at PE Hub this week.

I will start with six deals that are unsnarling the global supply chain, and we will get some thoughts from Conrad Grajczak, a director at Insight Sourcing Group PE practice on what private equity firms and their portfolio companies should do to cut supply chain related costs.

I will also detail another set of PE deals that are capitalizing on the post-pandemic travel boom.

Unsnarling the supply chain

Private equity-backed supply chain deals flourished in 2021 and 2022, as businesses that were forced to close or limit operations due to covid came roaring back to life only to run into shortages and snags. In 2023, companies that help ease the movement of goods are still attracting PE investors.

Vacation, all I ever wanted

As the covid pandemic recedes, travel has been on an upsurge, reported my colleague Iris Dorbian. According to a study conducted by the US Travel Association, travel spending was 4 percent above 2019 levels in January.

Starting from a year ago, PE Hub looks at five notable deals that have leveraged the boom in this sector since the lifting of pandemic travel restrictions.

That’s it for me today. You can reach out to me at obey.m@peimedia.com.

MK Flynn will be back with the Wire on Monday.

Have a great weekend.

Cheers,

Obey

Read the full wire commentary on PE Hub ...

Also of note (may require subscriptions)

Windjammer Capital Investors is raising its first billion-dollar pool in a sixth offering geared to control investments in mid-market opportunities. (Buyouts)

What does the future hold for UBS and Credit Suisse’s private funds groups? A 147-person-strong global fundraising and secondaries advisory behemoth could become a reality in the coming months, though exactly what that will look like remains largely guesswork. (Private Equity International)

Private debt ranks fourth out of seven alternative asset classes, according to a survey of investor allocators released earlier this month by SS&C Intralinks LP. (Private Debt Investor)

What started with a dinner has ended up in a strategic collaboration between Campbell Lutyens and JPMorgan. Could such tie-ups become more common? (Secondaries Investor)

"As private credit investors comb through the $74bn loan portfolio of Silicon Valley Bank, they are finding vast portions that are not all appealing." (Financial Times)

"Toshiba’s board has approved a $15bn offer from a consortium led by a Japanese buyout fund, paving the way for the country’s biggest ever take-private deal." (Financial Times)

"Financial sector headwinds are creating fresh openings for private equity investments in aerospace, as suppliers' need for capital to meet soaring demand for planes and parts risks further turbulence, executives said." (Reuters)

"The co-founder of a Canadian private equity firm explains why he just acquired the internet’s biggest adult entertainment site." (Fortune)

"Turnaround specialist KPS Capital Partners plans to begin raising its latest main investment fund next month with a goal of collecting at least 30% more than the roughly $6 billion it banked for a predecessor vehicle, according to a letter to investors that was seen by The Wall Street Journal." (WSJ Pro)