View this email online The Wire Feb. 16, 2021 RLH gears up to sell ClearView, Diversis' ServicePower on the sale block, Ares chief says SPACs impact PE dealflow Happy Tuesday! Hope you had a great long weekend. We have intel on two sale processes, beginning with RLH Equity Partners-backed ClearView Healthcare Partners. It is unclear if the potential process, expected to launch in Q1, has formally kicked off yet. Also, Diversis Capital is preparing to sell ServicePower, a field service management software provider, sources familiar with the situation told PE Hub. Elsewhere, the SPAC talks continue on. Ares Management's co-founder and chief executive, Michael Arougheti said that special purpose acquisition companies could take more deal opportunities away from the private equity market. Read the full wire commentary on PE Hub. That's it for today! Have a great week ahead, and as always, write to me with tips, feedback or send your comments at karishma.v@peimedia.com Also of note (may require subscriptions) GP-led deals: Kohlberg & Co is running a process to move around four assets out of its 2012 vintage fund and into a continuation pool, for more time to manage the assets while providing distributions to existing investors, sources told Buyouts. Soldiered on: Fundraising by North American private equity firms was surprisingly vigorous in 2020, despite the challenges posed by the covid-19 pandemic, according to Buyouts' 2020 fundraising report. Read full details here. Lagging behind: In a survey by JPMorgan Asset Management, only 11 percent of US investors cited ESG factors as among their top three consideration, considerably behind investors in EMEA and Australia. Read the full story on Agri Investor. PE Deals They said it “As we come out of this health and economic crisis, we expect it to be a good time for companies to reset their strategies and focus on sustainable growth.” CEO Bruce Flatt of Brookfield Asset Management said in a year-end financial results webcast, as reported by Buyouts. Today's letter was prepared by Karishma Vanjani Subscribe now to get full, unlimited access to all PE Hub content, including every PE Hub Wire article. FIND OUT MORE Please visit Buyouts for the latest insight into LP activity and Venture Capital Journal for comprehensive coverage and analysis of what’s happening in VC. London | New York | Hong Kong PEI Media Group Ltd is registered in England no.6135779 Registered office: 7th Floor, 100 Wood Street, EC2V 7AN To update your PE Hub email preferences, or to unsubscribe, click here. |