Private equity deal news and insights from the London newsroom

Quilvest’s Meffre expects supportive dealmaking environment; Partners Group picks up real estate investor

Good morning, Nina Lindholm here with the Europe edition of the Wire from the London newsroom.

This morning, we focus on the mid-market – a segment that has remained slightly sluggish this year, according to DC Advisory data – as we hear Quilvest Capital Partners chief executive officer Alexis Meffre’s outlook for 2025.

Next, we take a look at a fresh deal by Partners Group: the firm has agreed to acquire a Swiss real estate investment company.

To finish, we return our attention to 2025, with analysis from RBC Capital Markets’ co-heads of European M&A, Mark Rushton and Paul Betts.

Favorable environment

Quilvest Capital Partners is optimistic looking ahead to the new year, but expects 2024’s challenges to persist, chief executive officer Alexis Meffre told PE Hub’s Sophie Rose in the latest of our 2025 Outlook pieces.

For more on that, check out the premium coverage of the Wire here.

I recommend reading the full interview, as it covers the sectors that Quilvest expects to do well in 2025.

Evolving landscape

Private markets investors acquiring firms operating in adjacent asset classes is a trend we’ve seen developing in recent months. Several of those deals have involved infra managers, but this morning we have one in real estate. Partners Group has agreed to acquire Empira Group, a premier real estate investment platform.

Premium subscribers can learn more about the deal here.

Challenging environment

To round things out this morning, let’s return to the prospective 2025 dealmaking environment. RBC Capital Markets’ co-heads of European M&A, Mark Rushton and Paul Betts share their thoughts on tariffs, sectors of interest and the UK as a dealmaking target.

Premium subscribers can read the outlook here.

For more on tariff impact on PE deals, take a look at PE Hub editor-in-chief MK Flynn’s story featuring West Monroe’s Brad Haller and Jeremy Tancredi.

That’s all from me this morning. Obey Martin Manayiti will be with you later today with the US edition of the Wire, and Craig McGlashan will be on Europe duty tomorrow.

Cheers,

Nina

Read the full Wire commentary on PE Hub ...

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“We anticipate that US rate cuts will create a more favorable investing environment, though their extent will depend on economic growth. A similar trend in the UK and Europe should boost consumer income and the economy, though geopolitical uncertainties, particularly around inflation and oil prices, pose risks.”

— Alexis Meffre, chief executive officer, Quilvest

Today's letter was prepared by Nina Lindholm

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