Good morning, Nina Lindholm here with the Europe Wire from the London newsroom.
Risk diversification is our opening topic as my colleague Irien Joseph investigates a potential increase in intra-European healthcare deals. Irien spoke with firms such as Astorg and Houlihan Lokey to better understand the rationale behind cross-border healthcare M&A in Europe.
We have another popular deal type to look at next: take-private. Apax Funds has made an offer for a Stockholm-listed underground infrastructure maintenance business.
Sticking with infrastructure to finish, we have Ardian exiting a stake in an independent chemical storage company.
Changed rationale
Private equity firms are increasingly turning to risk diversification strategies in the healthcare sector amid rising regulatory challenges, potentially opening the door to more intra-European investments, industry experts told PE Hub’s Irien Joseph.
I highly recommend reading Irien’s full feature. It includes commentary from Astorg, Houlihan Lokey, Verlinvest and Goodwin, and covers topics such as consumerization of care, as well as pharma and medtech M&A.
In private
Shifting gears to infrastructure next. Apax Funds has made an offer for Stockholm-listed Norva24, an underground infrastructure maintenance (UIM) business.
For more on the offer, including Norva24's valuation, check out the full Wire coverage here.
In storage
Finishing with more infrastructure, this time in the form of an exit. Ardian has announced the sale of its 35 percent stake in LBC Tank Terminals to Mitsui OSK Lines (MOL), a multi-modal shipping company.
For more on that, take a look at the premium Wire here.
That’s all from me. Make sure the catch the US Wire later today, written by MK Flynn. It will focus on PEI Group’s NEXUS event, which kicks off today. Tomorrow, Craig McGlashan is on Europe duty as usual.
Cheers,
Nina
Read the full Wire commentary on PE Hub ...
