Hello Hubsters, It’s Irien Joseph bringing you the Europe edition of the Wire from the London newsroom. We kick today off with a fresh IT consultancy services deal as Polaris has acquired a majority stake in 7N. We then move to the industrial sector, which is presenting substantial opportunities for private equity, positioning itself at the forefront of technological innovation and operational transformation. We have an add-on deal in the segment today: Mutares-backed SFC Group’s acquisition of aluminum pipes producer SMA Metalltechnik. Next, we examine the rise in gaming M&A, with the help of a report by global tech investment bank Drake Star. The report projects a positive outlook for the sector through the remainder of the year and into 2025. To wrap up, I highlight nine deals in the business services sector in this week’s deal roundup. Targeted investments Polaris Private Equity has acquired a majority stake in 7N, an IT consultancy services company. Cooling down Mutares has agreed to buy SMA Metalltechnik and its subsidiaries. Read the premium version of the Wire to find out more details and other add-ons we covered in the sector. Leveling up Global gaming M&A activity rose for the fourth consecutive quarter, reaching $2.5 billion in disclosed deal value and over a billion raised in private financings, according to Drake Star’s Q3 2024 report. Check out the premium version of the Wire for the key takeaways from the report. Business services In this week’s deal roundup, I highlight nine deals PE Hub covered in the business services sector. To find out the deals we covered, read the premium version of the Wire. That’s it from me. Rafael Canton will be with you in the New York morning with the US edition as John R Fischer is on a well-deserved break and Craig McGlashan will be on European Wire duty next week in London. Warmly, Irien Read the full Wire commentary on PE Hub ... |