Good morning, Nina Lindholm here with the Europe Wire from the London newsroom.
With uncertainty over the impact of US tariffs lingering, dealmakers are busy discovering ways to transact as confidently as the current environment allows. PE Hub’s Craig McGlashan caught up with Allan Bertie, head of European investment banking at Raymond James, to learn how PE firms are using earnouts to structure acquisitions in Europe.
We also hear from Phoenix Equity Partners’ Chris Neale, who tells us what type of company benefits from the uncertainty around tariffs.
To finish, we have a merger, as Apollo Global Management-backed Evri is joining forces with an ecommerce business.
Tariff dialogue
Private equity firms are using earnouts to structure acquisitions in Europe amid uncertainty over the impact of US tariffs, while some portfolio companies in the continent adjust their sales pitches as they pivot to different markets, Allan Bertie, head of European investment banking at Raymond James, told PE Hub’s Craig McGlashan.
To learn what kind of discussions dealmakers are having around deal structures, check out the premium Wire.
You can also read the full story to learn Bertie’s outlook for businesses that typically would expand in the US and his view on current deal pipelines.
Notable rise
Certain businesses and sectors have found the tariff uncertainty boosting the demand for their services. Chris Neale, partner at Phoenix Equity Partners,told PE Hub about one such company.
To find out which business Neale highlighted, take a look at the full Wire coverage.
Do you have thoughts on what types of companies might be winners in a time of macroeconomic uncertainty? Drop me a line at nina.l@pei.group.
Bigger parcel
Ecommerce is a sector that thrived under a different kind of turmoil: the pandemic. Some firms are still betting big on parcel deliveries. Apollo Global Management portfolio company Evri has announced a merger with DHL eCommerce UK.
Check out the premium Wire coverage to find out more details about the merger.
That’s all from me. Michael Schoeck will be with you later today with the US Wire, while Irien Joseph is on Europe duty tomorrow.
Cheers,
Nina
Read the full Wire commentary on PE Hub ...
