Good morning dealmakers, thank goodness it’s Friday. It’s Obey Martin Manayiti with the US edition of the Wire from the New York newsroom. We are opening this morning with a look at the upsurge of PE’s investment in govtech. We’ve rounded up seven deals that touch on key themes drawing dealmakers into the sector. Next, we have a deal-packed morning. First, Aleph Capital Partners and Crestview Partners, based in London and New York respectively, are investing in a video games developer. Secondly, New York-based PE firms New Mountain Capital and Endicott Capital are investing in a global food and beverage intelligence platform. Finally, insurance complexities are growing, and so are opportunities for PE firms. We are closing with a look at Harris Williams’ recent report detailing trends and growth drivers for the sector. Thoroughly modern government PE Hub has noticed an upsurge of private equity activity in the govtech sector, writes Iris Dorbian. The market’s recession resistance, coupled with its avid embrace of state-of-the-art software, are likely enticements for dealmakers. Iris rounded up seven PE-backed deals, and if you upgrade to the premium version of the Wire you can read all about them. Full potential Aleph Capital Partners and Crestview Partners have made a significant equity investment in Saber Interactive, a Fort Lauderdale-based interactive entertainment and video game developer. Saber Interactive has game titles such as Warhammer 40,000: Space Marine 2, World War Z, SnowRunner, Expeditions: A MudRunner Game, Insurgency: Sandstorm, among others. Premium subscribers to the Wire have access to more on this deal. Deep expertise New Mountain Capital and Endicott Capital have made an investment in Dataessential, a Chicago-based market research for the food and beverage sector.Dataessential was backed by Spectrum Equity. Upgrade to the premium version of the Wire for more on this deal. Severity and complexity Several trends are driving greater PE investment in insurance claims management and expert services, according to Harris Williams’ recent report. Premium subscribers have access to all the nuggets discussed in the report. That’s it for today. You can always reach me at obey.m@pei.group for news tips. On Monday Craig McGlashan will bring you the Europe edition of the Wire, and MK Flynn will bring you the US edition. Have a nice weekend, Obey Read the full Wire commentary on PE Hub ... |