Hello Hubsters,
It’s Irien Joseph bringing you the Europe edition of the Wire from the London newsroom.
Infrastructure developers face challenges in balancing sustainable building with cost effectiveness as cities grow and environmental awareness rises. Using a framework for sourcing green building materials can be a solution to this. That’s a focus in this industrial deal where Stellex Capital Management will buy an integrated services and materials provider to the construction and infra industry.
Next up is a consumer deal, as Platinum Equity acquires afood company that produces preserved vegetable products.
Then we have a deal closing as KKR has completed the acquisition of Immedica Pharma, which it announced in April.
Lastly, I recap four add-on acquisitions we reported in this week’s deal highlights.
Embracing circularity
New York-based Stellex Capital Management will acquire an integrated services and materials provider to the construction and infra industry across the UK.
The acquisition comes as the UK could be set for a bump in building as the new Labour government seeks to address the UK’s chronic shortage of houses. That was something we looked at in depth in Wednesday’s Europe Wire, alongside Sixth Street and Patron Capital are buying housebuilder Cala Group from Legal & General.
Geographic expansion
Platinum Equity will take a majority stake in a producer of preserved vegetable products.
Read the premium version of the Wire to find out more and other deals we covered in the sector this week.
Deal closed
KKR has completed the acquisition of Immedica Pharma, a pharmaceutical company focused on the commercialization of medicines for rare diseases and specialty care products.
The transaction was announced in April.
For more on healthcare, find out how Sullivan Street plans to play an ‘untapped’ part of healthcare with addiction treatment group UKAT.
Buy and build
Add-ons are a popular private equity value creation strategy as they produce new capabilities, growth and expanded market access and geographic reach.
Subscribe to the premium version of the Wire to find out the add-on deals we reported in Europe this week.
That’s it from me. Obey Martin Manayiti will write to you later today in the New York morning with the US edition, and Nina Lindholm will be on European Wire duty next week from London as Craig McGlashan is on leave.
Warmly,
Irien
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