Private equity deal news and insights from the London newsroom

Triton plans aftermarket push for cargo handling biz MacGregor; GenAI exposure hits deals, finds Bain & Co

Morning all, Craig McGlashan here with the opening Europe Wire of the week from the London newsroom.

Triton’s Ilkka Tuominen and Mikael Aro this morning share with us their plans to grow the aftermarket business of cargo handling company MacGregor, which the private equity firm agreed to buy earlier this month.

Next, we take a look at a new report from Bain & Co on how generative AI is impacting deal due diligence and dealmakers’ expectations for how the technology can add value to portfolio companies.

We’ve then got a fresh deal in financial services to report, as a Charterhouse Capital Partners portfolio company has agreed to sell its regulatory technology division to a Nordic Capital-backed company.

Finally, Eurazeo has raised a continuation fund to extend its investment in I-Tracing, an independent cybersecurity services company.

Aftermarket push

Triton plans to boost maritime cargo handling company MacGregor’s aftermarket business as part of its value creation plan, investment advisory professional Ilkka Tuominen and operating partner Mikael Aro told PE Hub’s Nina Lindholm.

Read more, including sales figures for the company, in the premium version of the Wire.

AI diligence

Generative AI’s potential for upending industries is leading private equity firms to back out of deals, a trend we’ve covered here at PE Hub and that numbers from Bain & Co this morning backed up.

Find out more in the premium version of the Wire.

Regulation play

One sector where dealmakers expect AI to have an impact is in fintech, Motive Partners founder and managing partner Rob Heyvaert told PE Hub’s Irien Joseph in her roundup last week of recent deals in the industry.

We’ve got another deal in the sector to add this morning that covers another aspect of financial services that is driving fintech deals – increasing regulation.

Charterhouse Capital Partners portfolio company Vermeg has agreed to sell its regulatory technology division Agile to Nordic Capital-backed Regnology.

Continuation

Finally, Eurazeo has raised a continuation fund to extend its investment in I-Tracing, an independent cybersecurity services company.

OK that’s all from me today. MK Flynn will bring you the US Wire later today, while Nina Lindholm will be in the Europe chair tomorrow.

Cheers,

Craig

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“Globally, more than 50 percent of all merchant vessels sailing have MacGregor equipment. There’s a big potential to capture there, to really start selling parts and to service these vessels.”

— Ilkka Tuominen, investment advisory professional, Triton

Today's letter was prepared by Craig McGlashan

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