Vista to buy TRG Screen from Pamlico; EQT talks cell tower leasing; PEWIN appoints Emily Mendell

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Vista to buy TRG Screen from Pamlico; EQT talks cell tower leasing; PEWIN appoints Emily Mendell

Good morning Hubsters, Craig McGlashan here with Tuesday’s Wire.

It looks like a pretty busy morning out there deals-wise. We open with Vista Equity Partners buying a software business from Pamlico Capital.

Next, Obey Martin Manayitispeaks to EQT’s Alex Greenbaum about his firm’s recent take-private of Radius Global Infrastructure, alongside Public Sector Pension Investment Board.

We then report on a new executive director for the Private Equity Women Investor Network and the completion of HighVista Strategies’ acquisition of the US private capital business of Abrdn.

We then have a leisurely finish, as we report on a sports media investment by RedBird Capital Partners and International Media Investmentsand a cocktail play by InvestBev Group.

Software exit

There were plenty of deals announced this morning – see the Deals section further down for a full list – but let’s start with one of the bigger ones.

Vista Equity Partners announced that it will acquire a developer of enterprise subscription spend and usage management software from Pamlico Capital.

Leasing

Catching my eye elsewhere this morning was Obey Martin Manayiti’sinterview with Alex Greenbaum, partner and head of EQT’s Active Core Infrastructure Fund.

Obey questioned Greenbaum on EQT and Public Sector Pension Investment Board’s $3 billion take-private buyout of Radius Global Infrastructure, a Philadelphia-based company that leases cell sites to wireless-tower companies and mobile network operators.

Read more in the subscriber version of the Wire.

Switch at the top

Private Equity Women Investor Network (PEWIN) has appointed Emily Mendell as its next executive director.

Completion

HighVista Strategies has completed its acquisition of Scottish investment company Abrdn’s US private markets business.

You can read more on the deal in our coverage of the initial announcement back in July.

Sports

It’s pretty far from the weekend, but I’m going to leave you with a couple of deals that have more of a Friday feel to them.

Redbird IMI, a joint venture between RedBird Capital Partners and International Media Investments, has invested in Front Office Sports (FOS).

One for the road

InvestBev Group invested in Thomas Ashbourne Craft Spirits, which makes canned and bottled cocktails.

That’s all from me. Chris Witkowsky will be with you tomorrow.

Cheers,

Craig

Read the full Wire commentary on PE Hub ...

Also of note (may require subscriptions)

Brookfield wraps up sixth flagship private equity fund at $12 billion. To date, Brookfield Capital Partners VI has committed about $4 billion to acquire six businesses. (PE Hub)

Excellere Partners is running a process on two portfolio companies that would extend the firm’s hold over the companies and bring in outside capital to continue growing the businesses, sources told Buyouts.
How deglobalization is shaping infrastructure’s future: As the infrastructure world distances itself from China, market participants tell Infrastructure Investor what happens next.
Bamboo Capital Partners has appointed David Grimaud as its new chief executive officer. Grimaud was most recently the CEO of Symbiotics Asset Management, which is a private equity firm with $3 billion in assets under management and specializes in impact investing in emerging economies. (Agri Investor)
Asset management giant PIMCO has held a final close for its second US commercial real estate debt fund, demonstrating the demand from institutional capital to be part of a wave of alternative lenders in the sector. (Private Equity Real Estate)
Blue Earth Capital, the impact firm established by the founders of Partners Group, has closed its second impact credit fund on $108.5 million. (New Private Markets)
In the run up to the Impact Investor Summit in New York at the end of the month, HarbourVest's Ed Powers tells New Private Markets that the right type of team is more important than picking a 'winning' impact theme.
Lead buyers in some recent transactions have been able to negotiate a less than 1% management fee, according to a paper from Proskauer. (Secondaries Investor)
T Rowe Price and Oak Hill Advisors have jointly launched a perpetual business development company that will invest 80 percent or more of its assets (net assets plus borrowings for investment purposes) in private credit investments. (Private Debt Investor)