| | The cost of leaving out ESG & the move towards the fourth industrial revolution trend
Special Purpose Acquisition Companies – SPACs – have been grabbing the headlines recently in the US, with record amounts being raised for these so-called “blank-cheque” companies: over USD27.5 billion so far this year, including the USD4 billion garnered by Bill Ackman’s Pershing Square Tontine Holdings.
In a feature this week by Richard Beresford, partner and chairman of McCarthy Denning, we look at whether Spacs are just a sideshow, or indeed the future of investment.
To gain a perspective on the private equity market in Europe in the second half of 2020, Sergey Sheshuryak, Adams Street Partners, looks back to the seemingly distant past of 2019 – before pandemic-related shutdowns, social distancing, central bank stimulus plans, and Zoom meetings.
In this article, Sheshuryak explores the fact that the European private equity market outperformed the rest of the world in 2019, while Q1 2020, on the other hand, brought an entirely different scenario.
Meanwhile, with fewer regulatory requirements compared with listed equity, the global USD4 trillion private equity market is lagging behind other asset classes when it comes to the adoption of ESG strategies. Rodrigo Tavares, founder and president of the Granito Group, penned down his thoughts for PEWire on the ever increasing costs of leaving out ESG.
Mid-week Grand Rounds, a healthcare quality and clinical navigation company, announced they have secured a USD175 million round led by investment funds affiliated with global investment firm The Carlyle Group.
The San Francisco-based healthcare focused company will use the funds to accelerate clinical navigation and virtual primary care. Grand Rounds has raised over USD270 million to date.
Later this week, Paris-based Yotta Capital Partners held the first closing of its Yotta Smart Industry fund at EUR101 million at the end of July, targeting a final amount in excess of EUR120 million.
Institutional investors, including Bpifrance and the European Investment Fund, are the main investors in the fund, as well as private investors from the field of industry and finance. The fund will focus on French industrial SMEs to assist them in their move towards the fourth industrial revolution megatrend - the ongoing automation of traditional manufacturing and industrial practices, using modern smart tech.
“The current crisis shows the need to accelerate the local reindustrialisation of our territories to create jobs in our regions, ensure our sovereignty and preserve the climate,” the French firm's three founding partners commented on the fundraise.
Karin Wasteson
Editor, Private Equity Wire
| | | | SPACs – a quirky sideshow or the future of investment? | | Fri | 11 Sep 2020, 13:14 | | By Richard Beresford, partner and chairman of McCarthy Denning – Special Purpose Acquisition Companies (SPACs) have been grabbing the headlines recently in the US, with record amounts being raised for these so-called “blank-cheque” companies: over USD27.5 billion so far this year, including the USD4 billion garnered by Bill Ackman’s Pershing Square Tontine Holdings. |
| | | | The European buyouts market: Stability and strength in selected sectors | | Fri | 11 Sep 2020, 13:14 | | By Sergey Sheshuryak, Adams Street Partners – To gain a perspective on the private equity market in Europe in the second half of 2020, we start by looking back to the seemingly distant past of 2019 – before pandemic-related shutdowns, social distancing, central bank stimulus plans, and Zoom meetings. |
| | | | Private equity cannot afford to leave out ESG | | Fri | 11 Sep 2020, 13:14 | | By Rodrigo Tavares, founder and president of the Granito Group – With fewer regulatory requirements compared with listed equity, the global USD4 trillion private equity market is lagging behind other asset classes when it comes to the adoption of ESG strategies. |
| | | | Carlyle leads USD175 million round into Grand Rounds | | Fri | 11 Sep 2020, 13:14 | | Grand Rounds, a healthcare quality and clinical navigation company, has secured a USD175 million round led by investment funds affiliated with global investment firm The Carlyle Group. |
| | | | | | | | Finding value in EMEA | | Fri | 11 Sep 2020, 13:14 | | When it comes to finding value in Europe, private fund funds have a large mosaic of investment opportunities to consider, given the jurisdictional, regulatory and market differences across the 27 EU member states (which now does not include the UK). |
| | | | WEBINAR: Is virtual ODD the new normal? | | Fri | 11 Sep 2020, 13:14 | | In this webinar Intralinks and industry experts evaluate how PE groups have been adjusting to performing ODD during the lockdown. We explore the technologies that have played a key role in helping PE firms identify and overcome issues and what specific areas of ODD work well ‘virtually’. Could this virtual approach be the new normal going forward? |
| | | | | | | | | | | Technology Innovations 2020 This special report reveals how technology is starting to play a more prominent role in the PE world, covering the data and software solutions available to PE managers to help improve operational efficiency and also enhance performance potential.
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