PE Tech Report

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European mid-market private equity investor Equistone Partners Europe (Equistone), is to sell Acces Industrie (Acces), an independent rental specialist of mobile aerial work platforms and handling equipment, to Delmas Investissements & Participations, a French family investment group.
Middle market private equity firm One Equity Partners, has completed its acquisition of Ballymore Safety Products, a speciesist in engineered lifting, material handling, and safety related products for warehouses, factories and retail locations.
After a challenging few years for private capital, this year looks to hold a more optimistic investment environment. Inflation is falling and interest rates are expected to continue their downward decline, so it’s likely we’ll see the M&A market opening up once again. EY’s CEO Outlook Pulse states that “PE leaders and corporate CEOs have a bullish outlook for M&A in 2024, citing the return of the megadeal in a more buoyant buy-sell environment.” 
FalconPoint Partners a new private equity firm focused on investing in North American middle market “real economy” businesses operating in the business services and industrials sectors has launched in New York.
Samsonite International’s high valuation has put off several private equity firms including, Carlyle Group and KKR & Co, considering a buyout of the luggage manufacturer, opening up the possibility for a dual listing of the company, according to a report by Bloomberg. 
Hazeltree, a specialist in active treasury and intelligent operations technology for the alternative asset industry, has appointed Paul Gallant as its new Chief Product Officer (CPO). Gallant will be based in New York and report to CEO Stephanie Miller.
Money lending
TOP STORY: The Riverside Company, a US private equity firm focused on making control and non-control investments in growing businesses valued at up to $400m, is considering strategy options for direct lending arm Riverside Credit Solutions, including a sale of the business, according to a report by Bloomberg.
Wynnchurch Capital has acquired Handgards, a distributor of foodservice products, including disposable gloves, reclosable bags, tabletop items, expendables, and other carryout products from Wind Point Partners in partnership with management.
The rapid expansion of private credit is creating a supply/demand imbalance that is again pressuring spreads and underwriting terms, according to Fitch Ratings analysts and external panelists at the rating agency’s recent private credit forum held in Chicago.
Magnesium Capital, a private investment firm focused on energy transition buyouts, has held the final close of its inaugural Fund, Magnesium Capital I, at its hard cap of €135m, exceeding the vehicle’s original €100m target.

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