Good morning, Nina Lindholm here with the Europe Wire from the London newsroom.
As pressure builds around GPs to monetize their assets, I turned to Euan Finlay, head of EMEA at Partners Capital, to hear his views on the state of the exit market. We’ll also look at some recent exit activity PE Hub has covered.
Next up, we have CVC agreeing to acquire a 49 percent stake in a German biogas business.
To finish, we have an add-on deal. LDC-backed Talos360 has acquired a performance management software platform.
Exit innovation
While the growing prevalence of liquidity mechanisms such as secondaries, continuation funds, NAV loans and dividend recaps may be helpful, they can’t fully replace exits. I caught up with Euan Finlay, head of EMEA at Partners Capital, to hear what his thoughts on the state of the exit market are.
To learn what areas the firm is keeping an eye on and what Finlay considers worrisome assets, check out the premium Wire coverage.
Key component
Stepping away from exits. CVC DIF, the infrastructure strategy of CVC, has agreed to acquire 49 percent of Balance Erneuerbare Energien (Balance), the biogas subsidiary of Leipzig-based gas company VNG.
To find out Balance's thermal output and CVC's thoughts on the biogas market, take a look at the full Wire coverage.
Strategic fit
Let’s finish with an add-on deal. LDC-backed Talos360 has acquired Appraisd, a performance management software platform.
Take a look at the premium Wire coverage to learn more.
For more on HR software trends, take a look at my colleague Irien Joseph’s piece on the segment.
That’s all from me. MK Flynn will write to you with the US edition later today, and Craig McGlashan will be on Europe duty tomorrow morning.
Cheers,
Nina
Read the full Wire commentary on PE Hub ...
