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The Wire Jan. 8 2021
Call for nomination of women superstars helping shape the future of private equity, Partners Group buys back medical apparel company in ~$1.3bn deal Happy Friday, hubsters!
What. A. Week. That's an understatement. I hope everyone takes some time to turn off the news and relax this weekend.
But first, we've got some housekeeping for all readers today.
Women rule the world: While the numbers continue to climb, albeit slowly, women in private equity remains grossly underrepresented in a world where women make up half the population. The industry has a long way to go.
As such, our popular annual Women in PE list featuring 10 mini profiles of rockstar women in private equity is approaching, and we need your help!
Any awesomely talented dealmakers we should know about? If you would like to nominate any up-and-comers or rising stars poised to shape future generations of private equity, or senior women already running the ship and driving deal flow, write to me at springle@buyoutsinsider.com and my colleague Chris Witkowsky at cwitkowsky@buyoutsinsider.com. Those chosen by our editors will be featured in our March cover story online and in print.
Our 2020 list of top-notch women featured investors from Carlyle Group, Goldman Sachs, OTPP, General Atlantic, and elsewhere. Read it here.
Have a great weekend, everyone! As always, write to me at springle@buyoutsinsider.com with your comments, tips or just to say hello.
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Note to Readers: It's that time of year ... for the 21st time, the editors of PE Hub and Buyouts honor exceptional buyouts with our Deal of the Year Awards. Winners are chosen in seven categories: Deal of the Year, Large-Market Deal of the Year, Middle-Market Deal of the Year, Small-Market Deal of the Year, Turnaround of the Year, International Deal of the Year, and Secondaries Deal of the Year. Go here for more information and to read about rules and methodology. Also check out past winners. Last year, New Mountain took the crown with its exit of Equian. If you have additional questions, email Private Equity Editor Chris Witkowsky at cwitkowsky@buyoutsinsider.com.
Also of note (may require subscriptions) Deal by deal: Independent sponsor Access Holdings decided to move into the world of the funded to help facilitate the dealmaking process and to better attract talent into its ranks, Buyouts writes. The Baltimore shop, focused on niche, service-based businesses, closed its debut fund on $340 million, source from 15 LPs. Read more here.
Raising $$: Fundamental Advisors raised almost 40 percent of the $1 billion target set for a fourth municipal distressed offering as covid-19 continues to punch holes in local government budgets. One of Fundamental’s best-known deals is its 2014 sale of the Memphis Redbirds’ MLB team to the St. Louis Cardinals and return of the team’s stadium to the City of Memphis. Read it on Buyouts.
Secondaries: Rothschild & Co has become the latest entrant into an increasingly crowded secondaries advisory market. The investment bank and asset manager has hired two advisers from PJT Partners to focus on sponsor-led secondaries transactions out of its London office, according to a statement seen by Secondaries Investor. Check it out.
PE Deals
They said it “For years, our democracy has built a reservoir of goodwill around the world that brings important benefits for our citizens. Recently, we have squandered that goodwill at an alarming pace, and today’s attack on the US Capitol does further damage. It’s time for all Americans to come together and move forward with a peaceful transition of power. We have to begin reinvesting in our democracy and rebuilding the institutions that have made America an exceptional nation.”
David Solomon, chairman and chief executive of Goldman Sachs, in response to Wednesday's violence on Capitol Hill.
Today's letter was prepared by Sarah Pringle. Subscribe now to get full, unlimited access to all PE Hub content, including every PE Hub Wire article. FIND OUT MOREPlease visit Buyouts for the latest insight into LP activity and Venture Capital Journal for comprehensive coverage and analysis of what’s happening in VC.
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