Arm preps Nasdaq IPO; GSAM invests in insurance; Climate Investment makes carbon capture play

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Arm preps Nasdaq IPO; GSAM invests in insurance; Climate Investment makes carbon capture play

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

We’re starting with exits this morning as we look at microchip designer Arm’s decision to list on the Nasdaq. How well the sale of the Softbank-owned company goes will give some indication of whether the IPO market will fully reopen as an exit route for private equity firms.

In terms of confirmed deals, we’ve got an eclectic bunch this morning. Goldman Sachs Asset Management has agreed to invest in an insurance brokerage; Climate Investment has taken a stake in a carbon capture and sequestration development platform; and Cressey & Company has acquired a clinical services organization from Capital Double Impact.

Reopening?

The private equity industry will be eagerly watching the IPO of microchip designer Arm to see whether public listings are likely to reopen as an exit route.

Read more in the subscriber version of the Wire.

Insurance

Confirmed deals-wise, Goldman Sachs Asset Management has agreed to make an investment in an insurance brokerage.

Carbon capture

Climate Investment has invested in a carbon capture and sequestration development platform.

Long-term care

Cressey & Company has acquired a multi-specialty clinical services organization that serves patients in long-term care (LTC) facilities. The seller was Capital Double Impact.

OK that’s all from me today – Rafael Canton will be on Wire Wednesday duty tomorrow as Chris Witkowsky takes a break.

Cheers,

Craig

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