Morning all, Craig McGlashan here with the Wednesday Wire from the London newsroom. Exit activity is on the rise, with Raymond James seeing an increase in distributions as private equity firms begin to sell assets, Sunaina Sinha Haldea, global head of private capital advisory at the investment bank, tells us this morning. Continuing that theme, we have a couple of fresh exits to report. Equistone Partners Europe has completed the sale of Groupe Courir, a sneakers retailer, to JD Sports Fashion. Meanwhile, EQT will sell Parcel2Go, a parcel delivery marketplace and e-commerce shipping platform. M&A pop Dealmaking is picking up and should gain further pace in the new year, Sunaina Sinha Haldea, global head of private capital advisory at investment bank Raymond James, told PE Hub. Find out more in the premium version of the Wire. Shoe sale Equistone Partners Europe has completed the sale of Groupe Courir, a sneakers retailer, to JD Sports Fashion. Find out more, including the deal size, in the premium version of the Wire. For more on what’s attracting private equity to sportswear, check out this PE Hub interview with Raine Group partner Jason Schretter about his firm’s investment in UK sportswear and digital retailing platform Castore. Parceling out EQT will sell Parcel2Go, a parcel delivery marketplace and e-commerce shipping platform, to an unnamed new investor group. The parcel delivery industry is another sector that has attracted a lot of private equity interest. For instance in July, Apollo Global Management agreed to acquire Evri, a UK-based parcel delivery company, from Advent International. OK that’s all from me today. John R Fischer is on US duty later today as Rafael Canton is on holiday. I’ll be back with you again tomorrow morning with the Europe Wire. Cheers, Craig Read the full Wire commentary on PE Hub ... |