Morning all, Craig McGlashan here with the Europe Wire from the London newsroom.
This morning we feature a pair of companies about to embark on buy-and-build strategies in fragmented markets with new private equity backing.
First up, we have Oakley Capital investing in Konzept & Marketing, a German insurance underwriting agent.
Then we feature Partners Group, which has M&A plans for a Spanish hospitality company.
We finish with a look at a company that has already made a series of add-ons and is now ready to provide some liquidity for its owner. Enterprise Investors-backed Studenac Group, a food retailer in central and eastern Europe, has published details of its upcoming IPO.
Buy-and-build
Oakley Capital is planning a buy-and-build strategy for Konzept & Marketing (K&M), an independent managing general agent in which the private equity firm announced an investment this morning.
Read more in the premium version of the Wire.
Holiday plans
Partners Group is also planning a series of strategic acquisitions to grow its latest acquisition, Spanish hospitality platform Bluesea Hotels. The private equity firm has just acquired a majority stake in the Palma de Mallorca-based company alongside Portobello Capital.
Find out more in the premium version of the Wire.
Liquidity
Switching now to a company that has already been on a buy-and-build strategy and is ready to provide its owner with some returns.
Enterprise Investors portfolio company Studenac Group, a food retailer in central and eastern Europe, has unveiled details of its upcoming IPO, the plans for which we covered earlier this month.
Read the details in the premium version of the Wire.
That’s all from me today. Rafael Canton will bring you the US Wire later today and I’ll be back with you tomorrow on Europe duty.
Cheers,
Craig
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