Good morning, Nina Lindholm here, covering for Craig McGlashan on the Europe Wire from the London newsroom.
While the industrial and manufacturing sectors are considered to be some of the most affected by the tariff impact uncertainty, some subsectors are still showing promise. This morning, we hear from Lincoln International’s Guillaume Suizdak, who tells us about where investment opportunities lie within industrials.
We stick with tariff talk, as we also have a report from Alvarez & Marsal focused on value creation, exits and investor reactions to tariffs. I caught up with Steffen Kroner, managing director at A&M, to learn more about the findings.
To finish, we have news of a new office opening, as Eurazeo strengthens its presence in Italy.
Defense demand
Private equity is showing “selective but strong” interest in the industrials sector, despite uncertainty around the imposition of US tariffs, Guillaume Suizdak, co-head of European industrials at Lincoln International, told PE Hub.
Check out the full piece to learn what Suizdak thinks about valuations, continuation funds and intra-European dealmaking.
Premium Wire readers can also learn more about the industrials subsectors private equity is interested in.
Improving margins
Let’s stick with our tariff theme. Operational value-add, aging portfolios and artificial intelligence are on top of private equity executives’ minds, according to Alvarez & Marsal’s latest Private Equity Value Creation report.
The study surveyed 200 investors and portfolio company leaders across Europe, with a follow-up snap poll after the April 2 announcements from the US. I caught up with Steffen Kroner, managing director, Private Equity Performance Improvement at A&M, to learn more.
To learn Kroner's thoughts on the findings, including his view on exits and what role AI plays in margin improvements, check out the full Wire coverage.
For more on AI, check out my interview with Goldman Sachs Asset Management's Michael Bruun and Lou D’Ambrosio who told me about an AI education program the firm started rolling out to its portco bosses earlier this year.
When in Italy
Eurazeo has opened a new office in Milan.
To learn about Eurazeo's recent investments in Italy, take a look at the premium Wire coverage.
PE Hub has noted an interest in Italian businesses. We compiled a list of deals involving Italy-based companies earlier this year. Craig McGlashan also looked into the country’s M&A rule change and what impact it might have on private equity.
That’s all from me. Rafael Canton will be with you later with the US edition, while Craig McGlashan takes my Europe slot tomorrow.
Cheers,
Nina
Read the full Wire commentary on PE Hub ...
