Morning Hubsters, Happy Fri-yay! John R Fischer here with the US Wire from the New York newsroom. First up, a 6-deal listicle focused on waste management – a sector that has grabbed the attention of Apollo Global Management, BC Partners, EQT and Kinderhook Industries. For our Friday Focus we’re looking at Italy, where Aksìa has completed an exit that is the first out of its Capital V fund. Sticking with healthcare, we have some insights from Provident Healthcare’s Q4 2024 Market Update report. We’ll finish things off with some promotions and new hires that PE Hub covered this week, including the return of a former senior member to Investcorp as its global head of private equity. Added dimension Private equity firms are investing in the waste management sector, thanks to factors including its resilience against economic ups and downs, an influx of new technology and the sector's fragmentation, which makes it ripe for consolidation. In May 2024, PE Hub highlighted six deals in the waste management sector. Reporter Iris Dorbian has now rounded up another six, from that period to now. Upgrade to the premium version of the Wire to read the full list. Friday Focus Rising chronic conditions and air pollution, changing lifestyles, home care demands and a growing aging population are driving investments in the respiratory medical device sector. One firm that recognizes this is Milan-based Aksìa,which this past week completed the sale of MIR, a portable respiratory device provider based in Rome and the current global reference player in the spirometry sector, both for professional and personal use. Premium subscribers can learn more. Growth momentum Sticking with healthcare, the fourth quarter of 2024 was the most active in the last 18 months for large transactions, according to investment bank Provident Healthcare’s Q4 2024 Market Update report. For my takeaways from the report, take a look at the premium Wire here. Hires, promotions and returns January is a time for new hires and promotions at many companies, including PE firms. This week, PE Hub saw several new faces at various firms, as well as old ones, like that of Daniel Lopez-Cruz who has returned to Investcorp as its global head of private equity. Here are some other appointments and promotions that PE Hub covered this week: Flexpoint promotes Heyde, Hilbrich and Purcell to principal Carrick Capital promotes Delaney to managing director and partner The Chernin Group taps Hoffman as partner to lead firm’s IR and capital formation AIP promotes four new partners Swander Pace Capital promotes Litt to managing director and Kania to portfolio operations director Angeles Equity Partners appoints Freedman as operating partner Kainos Capital promotes Bissot to managing director Macquarie Capital appoints Farkas as managing director Upgrade to a premium subscription to read more about Lopez-Cruz’s new role and these other new appointees. That’s it for me. As always, if you have any questions, thoughts or want to chat, please email me at john.fischer@pei.group. Nina Lindholm will be on Europe Wire duty on Monday, and MK Flynn will bring you the US Wire on Monday. Cheers, John Read the full Wire commentary on PE Hub ... |