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The Wire

Private equity deal news and insights from the London newsroom

Dec 23, 2024

 

PE takes to travel; Vonrosen on the advantage of being sector agnostic; Trilantic, CDP buy agritech biz

Morning all, Craig McGlashan here with the Europe Wire from the London newsroom.

 

There’s a lot of travel going on this time of year so it’s an apt time to look at back at what’s been a busy year in the travel industry for private equity and some of the trends shaping that dynamic.

 

Next we have a new entry in our Dealmakers to Watch series, as we profile David von Rosen, founder and head of family office Vonrosen.

 

We finish on a new deal, where Trilantic Europe and CDP Equity have bought control of an Italian agritech company.

 

Traveling on

The travel industry has seen PE interest soar in 2024, despite anti-tourist protests in some European countries. It has instead been spurred on by a big return to traveling after the covid-19 pandemic, paired with travel tech investments, writes Sophie Rose.

 

Find out more in the premium version of the Wire.

 

Broad scope

Specialist industry expertise is undoubtedly beneficial for private equity investors, but the ability to find a new business angle is even more important. So says David von Rosen, the German founder and head of family office Vonrosen, who has the experience and track record to support his view as he becomes the latest of PE Hub’s Dealmakers to Watch, speaking to Joe Marsh.

 

Read part of the article in the premium version of the Wire.

 

Editor’s note: PE Hub has launched a new series of profiles called Dealmakers to Watch. We’re featuring private equity professionals as they pivot to new challenges, such as moving to a new firm, launching a new firm, getting promoted to partner, launching an investment strategy, closing a significant deal or some other new endeavor.

 

If you’d like to be profiled or know someone who would fit the bill, email me at craig.m@pei.group

 

Agri play

Mid-market private equity firm Trilantic Europe and CDP Equity, a subsidiary of Italian development bank Cassa Depositi e Prestiti, have each taken a 41.6 percent stake in Italian agritech company Diagram Group.

 

That’s all from me today – and in fact, this year. Nina Lindholm will write to you tomorrow with the final Europe Wire of 2024, while later today Rafael Canton will bring you the US Wire.

 

See you all in 2025.

 

Cheers,

Craig

 

Read the full Wire commentary on PE Hub ...

Today's must reads

> David von Rosen builds firm’s presence from gambling to real estate More...
> Travel industry attracts PE interest amid AI boom and post-covid holidays More...
> Pet owners spent more on vet services in 2024, and so did PE investors More...
> Private equity European office push pays off with UK, Germany and France deals More...
> Home-based care deals driven by chronic conditions, aging population, patient-directed care More...

Also of note (may require subscriptions)

 

ICG makes public-to-private CV play in TowerBrook, CD&R de-listing deal: The $1.2bn secondaries transaction involves R1 RCM, a healthcare sector revenue cycle management services provider. (Secondaries)

 

Tokenized funds company goes in-house for administration: Securitize wants servicing that is tailored to blockchain-linked investment vehicles. (Private Funds CFO)

 

Kempen’s SDG Farmland Fund could double in next three years: Kempen portfolio manager Tim van den Pol says most of the growth will come through existing assets, with further acquisitions in new countries possible. (Agri Investor)

 

Australian regulator finds ‘weaknesses’ in superfund unlisted valuation processes: APRA said that superfund trustees ‘have work to do’ to improve their processes, with enforcement action possible for underperformers. (Private Equity International)

 

Temasek-backed 65 Equity searches for North American chief after departure: The firm last year brought on Leon Brujis, a Palladium Equity executive, to lead its East Coast office out of New York. (Buyouts)

Deals

> CDP Equity and Trilantic Europe buy majority stake in Diagram More...
> Travel industry attracts PE interest amid AI boom and post-covid holidays More...
> Goldman Sachs-backed Sila Services scoops up HVAC services firm John Nugent & Sons More...
> Peak Rock-backed Ziyad Brothers acquires Indo European Foods More...
> Saothair Capital acquires industrial tanks provider T Bailey More...
> Trinity Hunt-backed Dataprise taps de Leeuw as CFO More...
People
> David von Rosen builds firm’s presence from gambling to real estate More...
> The Sterling Group promotes Griffin and Lussier to partner More...
> SV Health Investors promotes Rossi to partner More...

They said it

“The business savvy, the creativity, the flexibility, the hunger, the motivation, the dedication – those are all far more important qualities, I find, than expertise in any specific industry.”

— David von Rosen, founder and head, Vonrosen

 

Today's letter was prepared by Craig McGlashan

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