STORIES OF TRANSFORMATION: In 2023, faced with dislocations ranging from a global energy crisis to rising interest rates, Searchlight Capital saw an opportunity on the public markets. The private equity firm bought asset manager Gresham House in a £470m take-private deal.

STORIES OF TRANSFORMATION: Software investing was rocked at the start of this year by a selloff in firms with heavy SaaS exposure, as new Anthropic models fuelled concerns that the sector would be overrun by AI. But not all firms are abandoning SaaS. Software-focused firm Lead Edge Capital is targeting

STORIES OF TRANSFORMATION: Space is one of the fastest growing sectors in the world, with breakthroughs spanning direct-to-consumer satellites and earth observation for businesses. We sat down with Felix von Schubert, CIO of space-focused investor NewSpace Capital, to learn more about these opportunities.

STORIES OF TRANSFORMATION: Professional services firms have long been utilised by large firms for their operations. But as the mid and lower mid market begins to mature, this is increasingly the case for SMEs and HNWIs. That was the thesis behind TowerBrook Capital Partners’s investment in professional services firm EisnerAmper.

STORIES OF TRANSFORMATION: While demand for cold drinks continues to be strong worldwide, the industry is facing pressures from rising energy and materials costs. In April 2023, Tetrad Capital Partners carried out a recapitalisation and restructuring of Frigoglass, beginning a broader transformation. We sat down with Gagik Apkarian, founder and

STORIES OF TRANSFORMATION: As Africa’s middle class continues to grow, private capital is finding opportunities for its service sector. Africa-focused private equity firm Adenia Partners invested in catering business OCS Group back in 2021, when the business had operations spanning Europe, Africa, and the Middle East.

STORIES OF TRANSFORMATION: Quantum computing has been a hypothetical technology since the 1980s. Now, it is beginning to reach commercialisation, with the prospect of transforming areas including drug development, financial modelling, and telecommunications.

STORIES OF TRANSFORMATION: Increasingly, major infrastructure projects require environmental impact assessments (EIAs) before they can be undertaken, a significant opportunity for the firms who conduct them. In February WestBridge completed the sale of environmental consultancy APEM Group, which conducts EIAs, delivering an 11.5x multiple.

STORIES OF TRANSFORMATION: As the world opened up after the pandemic, the construction industry saw a boom in demand. Foundation Building Materials pursued a buy and build strategy to capitalise on this, with an investment from American Securities driving the development of an e-commerce platform to target its specialised customer

STORIES OF TRANSFORMATION: Towns and cities across the country host independent opticians which could benefit from being part of a wider network. All Seas Capital have helped provide exactly that, with its investment in Hakim Group.