PE Tech Report

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NewSpring Growth has invested in Deposco, a provider of cloud-based omnichannel fulfilment software solutions.
HIG Capital (HIG), a global alternative investment firm with over EUR35 billion of equity capital under management, has expanded its European WhiteHorse team with the addition of Michael Lucas as a Managing Director.  Lucas, who will be based in HIG’s London office, has 27 years of experience in leveraged finance and direct lending. Prior to joining HIG, he was a Founding Partner and Head of the UK at Bridgepoint Credit. Prior to that, he spent over 20 years at ING where he was most recently acting as Global Head of Financial Sponsors.   Pascal Meysson, Head of HIG WhiteHorse Europe,
Everberg Capital (Everberg), a structured capital fund focused on investing primarily in the US middle market, has become a signatory of the United Nations-supported Principles for Responsible Investment (PRI).  The PRI is a global network for investors committed to integrating environmental, social and governance considerations into their investment decision making.   Launched in 2006, the PRI now includes over 3,600 signatories consisting of asset owners, investment managers and service providers. The group’s six principles help members incorporate ESG and sustainability issues into long-term investment decision-making. One example of Everberg’s commitment to ESG principles is the firm’s recent investment in Penn
Clearlake Capital Group and TA Associates are to acquire Precisely, a specialist in data integrity.  Josh Rogers, CEO of Precisely, will continue to lead the Company supported by the existing management team. Upon closing of the transaction, Clearlake and TA Associates will become majority shareholders in Precisely. Centerbridge Partners, the current majority shareholder in Precisely, will retain a minority equity stake. Terms of the transaction were not disclosed. “With global spending on digital transformation expected to reach USD2.3 trillion by 2023, Precisely is well positioned to generate rapid growth. Organisations around the world are increasingly focused on their ability to
Blank cheque
By Brenon Daly, Research Director, 451 Research, part of S&P Global Market Intelligence – Boosted by an unprecedented shopping spree by blank-cheque companies, the tech M&A market extended its stunning rebound from last spring’s Covid-19 collapse.
Ken MacFadyen, BackBay Communications
Institutional investors are leaving fund managers with little choice but to develop a POV around sustainability, writes Ken MacFadyen (pictured), Senior Vice President, Head of Content Development, BackBay Communications. If 2020 was a transformative year in private equity, 2021 is when GPs will look to adapt to rapidly evolving LP demands. Over the past 12 months, for instance, sponsors have had to reimagine traditional IR activities through a digital lens. While many will continue to leverage these tools long after the pandemic becomes a bad memory, other tectonic shifts across PE have the potential to leave an even more indelible mark. 
Angelica Tigan, eFront
Limited partners (LPs) are becoming more risk-averse and demanding increased transparency from the general partners (GPs) with whom they work. In turn, GPs recognise the value in strengthening their relationships with LPs, and are more open to using technology to provide LPs with a seamless experience. Angelica Tigan, Director at BlackRock and Global Head of Business Development for eFront Investment Café, discusses the impact that the pandemic has had on LP/ GP relations, as well as recent developments in investor relationship management tools. During the current pandemic, how has the use of technology evolved when it comes to private equity
Cameron Nicol, eVestment
Q&A with Cameron Nicol, Marketing Director, eVestment Private Markets…
By A Paris – The fundraising environment over the course of 2020 was far from easy – the shift to remote working coupled with the uncertain outlook from an economic and a well-being point of view did not bode well for PE managers looking to raise capital. However, figures show activity in the space may not have taken such a hard hit. This may have been likely due to the proactive response of investor relations (IR) teams within the industry which sought to maintain dialogue with their clients and their broader network. According to a report by EY, despite being a tumultuous
US Orthopaedic Partners (USOP), a full-service, integrated orthopaedic care platform that provides the full continuum of musculoskeletal treatment to patients in the Southeastern US, has acquired Jackson Anesthesia Pain Center (Jackson Pain Institute) and Oxford Orthopaedics and Sports Medicine, PLLC (Oxford Orthopaedics).  Financial terms of the private transaction have not been disclosed. Jackson Anesthesia and Oxford Orthopaedics provide state-of-the-art care for a complete range of musculoskeletal disorders, chronic disease management, and injuries to the human body. Both practices are well known in their regional markets for providing the most up-to-date orthopaedic care, including both non-surgical and surgical options to treat

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