Good morning, Nina Lindholm here with the Europe Wire from the London newsroom.
The public markets have seen “an unprecedented sequence of shocks,” said Ariel White-Tsimikalis, partner at Goodwin, in a recent panel discussion. It’s no wonder that some IPOs have struggled to make it through the turbulence. This morning, we delve into some of the recent listings and listing attempts, and Houlihan Lokey’s Christopher Richert tells us what some of the right tactics are to push an IPO past the finish line.
Next, we take a leap over to India, where Partners Group has agreed to acquire a majority stake in a non-bank lender.
To finish, we return to Europe, where Main Capital-backed Whitevision has picked up a document processing provider.
Removing uncertainty
Private equity firms are starting to find the European IPO market reopening as an exit route after a long period of quiet, with a handful of listings over the last few weeks. But not all deals are making it over the line – which aside from turbulence in the public markets over the last few months, suggests that some pricing tactics might be working better than others, Christopher Richert, director in Houlihan Lokey’s Equity Capital Solutions practice, told me.
To learn what pricing tactic has aided recent listings and how Blackstone's Cirsa fared in its IPO, check out the premium Wire coverage.
Read the full story to learn details about recent IPO postponements and Richert’s outlook for future listings.
Credit demand
Moving away from Europe. India’s digital boom is drawing interest from global and domestic private equity investors, industry experts told PE Hub’s Irien Joseph in her recent feature focused on the country.
Partners Group is the latest to bet on that boom, as the firm has agreed to acquire a majority stake in Mumbai-based Infinity Fincorp Solutions.
For the investment size and secondary purchase details, check out the full Wire coverage.
Adding on
Back over in Europe, Main Capital-backed Whitevision has acquired a document processing provider FileLinx.
Want to learn about the business and how it expands Whitevision's product offering? Check out the premium Wire coverage.
That’s all from me this morning. Michael Schoeck will write to you with the US edition later today, and Irien Joseph is in the Europe chair tomorrow morning.
Cheers,
Nina
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