Managers
Great Point Partners, a Greenwich, Connecticut-based private investment firm, has opened an office in London as part of its strategy to integrate its North American and European operations to support existing and prospective portfolio companies.
Investec Bank (Investec) has appointed Marc Potel as head of industrials M&A. He will support the growth of Investec’s European M&A footprint, which has expanded from 20 to 120 people over the past five years.
Potel joins Investec from Jefferies, where he spent five years as head of general industrials EMEA. He brings almost 30 years’ worth of experience within financial services – having previously held managing director roles at Nomura, Richmond Park Partners, Citigroup and KPMG, and has previously worked inon more than 50 industrials sector deals with a transaction value in excess of $50 billion.
Potel will
Apollo has strengthened its footprint in Europe with an expanded regional hub in London, in line with its broader global growth strategy. The US private equity giant is bringing together its teams from offices at 10 Portman Square and 25 St George Street into a new construction location at 1 Soho Place covering 88,000 square feet over 4 floors.
Apollo said the move would help further its offering of leading, integrated asset management and retirement services capabilities on a global basis, including across European markets.
The move follows the firm’s other recent new or renovated workplaces in Singapore, New York, Greenwich,
US private equity giant KKR’s co-CEOs are aiming to double earnings over the next five years, as founders Henry Kravis and George Roberts prepare to hand over control of the firm, according to a report by the Wall Street Journal.
Under CEOs Joseph Bae and Scott Nuttall, who took the reins from Kravis and his cousin Roberts in late 2021, KKR has already doubled its assets to more than $500 billion over the past two years.
The private equity behemoth, which started as a private partnership and is now a public company, has more than 35 investing strategies, up from six at
Copenhagen-based mid-market private equity investor Polaris has acquired a majority shareholding in Sealing System, a Scandinavian supplier of intralogistics and full-scope automated packaging and palletizing lines.
Established in 1998 in Grindsted, Denmark, Sealing System offers complete, automated end-of-line and intralogistics solutions, which optimise processes and production while ensuring efficient track & trace functionality, data capture and integration to customers’ IT systems.
The company has generated average annual revenue growth of 25% since 2019 and reported revenue of more than DKK 200 million in 2022 with an operating profit of DKK 20 million.
In connection with the transaction, Sealing System will
Luxembourg-based global venture capital firm Runa Capita has opened a Paris office. Max Corbani, who recently joined Runa Capital as a Senior Associate, will lead the growth of its investment focus in the French startup ecosystem.
Venture capital executives are more cautiously optimistic on their fundraising prospects for this year, in contrast with a comparatively downbeat outlook among private equity peers, according to S&P Global Market Intelligence’s new 2023 Private Equity Outlook Survey.
The report surveyed a total of 511 private equity, venture capital and limited partner respondents between December 2022 and mid-January 2023.
According to the outlook, 45% of private equity executives surveyed expect fundraising conditions in their location to deteriorate this year, while 34% said conditions will remain the same.
Venture capital professionals were split, with 35% forecasting a deteriorating fundraising environment and a
Bain Capital is one of several private equity firms set to bid for software and IT managed services platform provider ConnectWise, according to a report by CRN.
ConnectWise, which has more than 3,000 employees globally, was bought by private equity firm Thoma Bravo is 2019 in a deal estimated at around $1.5 billion. Six of ConnectWise’s eight board members are from Thoma Bravo.
Bain is now one of the strongest candidates lining up a potential bid for the Tampa, Florida-based company, according to multiple sources familiar with the matter.
“Bain has been very aggressive,” said one unnamed source, who valued
Private equity giant Thoma Bravo’s plan to buy software company Qualtrics and merge it with rival company Medallia was thwarted by antitrust concerns, according to a report by the Financial Times.
Qualtrics was ultimately sold to private equity firm Silver Lake and the Canada Pension Plan Investment Board in a deal announced last month for $12.5 billion, or $18.15 per share.
Thoma Bravo had tabled a potentially higher-price transaction, but the deal was scuppered due to concerns about a possible lengthy review from US antitrust regulators.
Media reports suggest the private equity firm has also seen delays in its planned
Private equity firm Lee Equity Partners and investment firm Twin Point Capital have partnered with GetWireless to acquire TESSCO Technologies, a wireless infrastructure technology distributor, manufacturer, and solutions provider serving commercial companies, in a cash merger deal valued at around $161.4 million.
Under the terms of the merger agreement between GetWireless, a value-added distributor of cellular solutions that connect the Internet of Things (IoT), and TESSCO, all outstanding shares will be acquired for $9.00 in cash, resulting in an enterprise value of approximately $161.4 million.
Last year, Lee Equity and Twin Point Capital, owners of Canadian wireless telecom distributor Alliance,
Events
12 November, 2026 – 8:00 am
12 November, 2026 – 5:00 pm
