Deals
A shortage of debt financing due to rising interest rates and a reluctance by banks to loosen their purse strings has caused private equity funds to rethink how they pull off large buyout deals, according to a report by Reuters.
After a rousing start to 2022, the leveraged buyout (LBO) market has slowed down, as the war in Ukraine and hawkish interest rate moves drove up financing costs and weighed down valuations, resulting in a 40.4% contraction in global buyout activity up to 14 December, according to data from Refintiv. The data also shows that the number of LBO deals
Andra Tech Group, a manufacturer of precision mechanical components, and a portfolio company of private equity firm Equistone, has acquired Mayer Feintechnik, a specialist in precision metalworking for over 50 years.
Private equity firm WestBridge has completed a secondary buyout of Alpine Fire Engineers Ltd, specialist providers of mechanical fire suppression systems. The transaction, which provides an exit for Soho Square Capital, sees WestBridge invest £18.7m to take a majority stake in the company.
Sixth Street Partners has led a $2.3bn loan to help fund the private equity firm Advent International’s $6.4 billion leveraged buyout of satellite operator Maxar Technologies which was announced last week, according to a report by the Financial Times.
IntelThe report cites unnamed sources as revealing that Advent opted for Sixth Street’s financing package over an alternative loan offered by a group of Wall Street banks.
News of the financing comes just days after Sixth Street led a $2.6 billion loan to back software investment giant Thoma Bravo’s acquisition of business software provider Coupa Software for $8 billion.
The San
Pan-European private equity house IK Partners’ IK Small Cap II Fund is to sell Quanos Solutions, a developer of software and technology solutions for smart information, to Keensight Capital, a private equity manager dedicated to pan-European Growth Buyout investments.
Environmental consultancy and service provider Cura Terrae has made a second bolt-on acquisition since UK mid-market private equity investor Palatine made an investment in the group earlier this year.
Ecus, one of three businesses within the Cura Terrae group, has acquired niche environmental consultancy Naturally Wild, which provides expertise for any project that may affect protected species.
Naturally Wild is based in Stockton-on-Tees and will work alongside Ecus’s existing teams in Sheffield, Basingstoke, Birmingham, Barnard Castle, Bristol, Cardiff, Edinburgh, Exeter, and Manchester.
The deal grows Ecus’s team nationally to around 180 people.
Better Protection, a new commercial fire protection provider servicing fire detection, alarm and suppression systems, backed by private equity firm Abry Partners, has launched following the combination of Chicago-based Assurant Fire Protection, Complete Fire Pump Service, and Xtreme Fire Protection.
Abry is partnering with management to support the company’s organic growth initiatives, and to execute its targeted acquisition strategy.
Matt Palas founded Assurant Fire Protection (AFP) in 2017, and acquired Complete Fire Pump Services (CFPS) in 2020. Palas will continue to be a part of the management team of Better Protection. Xtreme Fire Protection was started in 2008 by
Private equity giant KKR & Co Inc has revealed plans to acquire Japanese drug developer Bushu Pharmaceuticals from BPEA EQT, a Hong Kong-based private equity firm, according to a report by Reuters.
Park Square Capital, and Goldman Sachs Asset Management, have received a binding offer from the Wienerberger Group AG (Wienerberger) for the acquisition of certain core businesses of pan-European roofing specialist the Terreal Group.
Middle-market private equity firm Wynnchurch Capital has acquired a majority ownership stake in Industrial Service Solutions from Edgewater Funds and JZ Capital Partners.
Events
12 November, 2026 – 8:00 am
12 November, 2026 – 5:00 pm
